According to Anarock, although the demand for residential properties surged by 19% in Noida, housing sales in Gurugram declined by 12% year over year from January to March. According to data from real estate consultant Anarock, the number of house sales in Gurugram’s primary market (first sale) decreased by 12% from 9,750 units in the same period last year to 8,550 units this January–March.
According to data from real estate consultant Anarock, the number of house sales in Gurugram’s primary market (first sale) decreased by 12% from 9,750 units in the same period last year to 8,550 units this January–March.
On the other hand, Noida experienced a 19% rise in home sales from 1,350 units in the same time last year to 1,600 units this January-March. Vice Chairman of Anarock Santhosh Kumar commented on the trend, saying, “The demand in Gurugram is still high.” Nevertheless, a decline in fresh supply caused sales to decline in the IT city. Many builders were denied permission to start their projects.
Vice Chairman of Anarock Santhosh Kumar commented on the trend, saying, “The demand in Gurugram is still high.” Nevertheless, a decline in fresh supply caused sales to decline in the IT city. Many builders were denied permission to start their projects. Following the Lok Sabha elections, new housing developments in Gurugram might be launched.
