aquire acres
Home sales Delhi-NCR

Home sales in Delhi-NCR rose by 45% in 2019: report

According to Knight Frank’s report, around 57% of the newly launched units in 2019 were focused in Gurugram and Greater Noida. Gurugram represents most of the new hosing releases, followed by Greater Noida and Noida.

Home sales in Delhi-NCR recorded 5% year on year growth, while new residential launches increased by 45% in 2019 compared to 2018, according to an annual report by London’s property consultancy Knight Frank.

The report says that the period between 2016 and 2019 was a transitional phase, when policy improvements such as the Real Estate (Regulation and Development) Act, 2016 and the Goods and Service Tax (GST) Law changed, along with the NBFC crisis have taken home sales in Delhi-NCR to a new high.

“The steady sales volumes are a positive sign for the shaky NCR residential market. Mudassir Zaidi, ED (Executive Director) of North, Knight Frank India, notes that growth in new project launches testifies that, unlike 2010-2011, developers in the region carefully assess demand and focus on completing available projects instead Of the launching new projects.

The report says that about 57% of the newly launched units in 2019 were focused in Gurugram and Greater Noida. Gurugram accounted for the majority (35%) of total new releases in NCR in 2019, registering a 2% increase to 7,947 units; followed by Greater Noida with a 22% stake (5,058 units) and Noida with 21% share (4,901 units).

“Weighted average prices remained unchanged in 2019, indicating price resistance in the market. Developers also took into account slow sales speed and search for any price increase. Fully constructed real estate properties were the most in-demand considering the current market scenario. But, in the long run, when the existing stock of already constructed properties is exhausted, it will be important to restore the buyer’s confidence in the market. “

The average weighted price in NCR has recorded a marginal increase of 4% year-on-year to Rs 4,431 square feet in the second half of 2019, indicating a quite price environment for the market.

Also Read: Amrapali Group ex-head Anil Sharma’s assets to be auctioned on Jan 8

Spread the love

29 comments

  • Greetings from Ohio! I’m bored to death at work so I decided to
    browse your website on my iphone during lunch break.
    I enjoy the information you provide here and can’t wait to take a
    look when I get home. I’m amazed at how quick your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyhow, excellent site!
    0mniartist asmr

  • I have read several excellent stuff here. Definitely worth bookmarking for revisiting.
    I surprise how so much attempt you set to create this type of excellent
    informative site. 0mniartist asmr

  • I just couldn’t depart your site before suggesting that I
    extremely enjoyed the standard information a person supply in your
    guests? Is gonna be again often to check up on new posts

  • I have been surfing online more than 2 hours today, yet I never found
    any interesting article like yours. It’s pretty worth enough for me.

    In my view, if all webmasters and bloggers made good content as you did, the net will be
    a lot more useful than ever before.

  • Thanks for your marvelous posting! I definitely enjoyed
    reading it, you are a great author.I will be sure to bookmark your blog and will often come
    back down the road. I want to encourage that you continue your great posts, have a nice
    day!

  • What i do not understood is if truth be told how you are no longer actually much more well-preferred than you may be now.
    You’re so intelligent. You recognize thus considerably in terms
    of this matter, made me personally consider it from a lot of varied angles.
    Its like men and women are not fascinated unless it is one thing to do with Lady gaga!
    Your personal stuffs great. All the time handle it up!

  • Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts.

    In any case I will be subscribing to your rss feed and I hope you write again very soon!

  • scoliosis
    Heya i am for the primary time here. I came across this board and
    I to find It really useful & it helped me out a lot. I hope to offer one
    thing again and help others like you helped me.
    scoliosis

  • dating sites
    Hi, I do think this is an excellent site. I stumbledupon it 😉 I’m
    going to come back once again since I book marked it.
    Money and freedom is the greatest way to change, may you be rich and continue to guide others.
    free dating sites

  • We’re a group of volunteers and starting a new scheme in our community.
    Your website offered us with valuable info to work on.
    You’ve done an impressive job and our whole community will be grateful to you.

  • I have been exploring for a little for any high-quality articles or weblog posts on this kind of
    area . Exploring in Yahoo I ultimately stumbled upon this site.

    Studying this info So i’m glad to express that I’ve a very
    excellent uncanny feeling I discovered just what I needed.
    I most for sure will make sure to don?t put out of your mind this website and provides it
    a glance regularly.

  • Woah! I’m really enjoying the template/theme of this blog.

    It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between user friendliness and visual appearance.

    I must say that you’ve done a amazing job with this.
    In addition, the blog loads extremely quick
    for me on Internet explorer. Exceptional
    Blog!

  • fantastic put up, very informative. I ponder why the opposite specialists of this sector do not
    realize this. You must continue your writing.
    I am confident, you’ve a great readers’ base already!

  • My coder is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the costs.
    But he’s tryiong none the less. I’ve been using WordPress on several websites for
    about a year and am anxious about switching to another platform.
    I have heard good things about blogengine.net. Is there a way I can transfer all my wordpress content into it?
    Any help would be greatly appreciated!

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.