Delhi-NCR housing market sales fall 19% in Apr-Jun
Real Estate

Delhi-NCR housing market sales fall 19% in Apr-Jun

Housing sales in Delhi-NCR fell 19% to 15,340 units in April-June compared to the previous quarter on lower demand due to a rise in property prices as well as mortgage rates, according to Anarock data. In January-March 2022, housing sales stood at 18,835 units across NCR.

According to data compiled by Anarock, one of the leading real estate consultants in India, the new launches or supply declined 56% in Delhi-NCR to 4,070 units in April-June from 9,300 units in the previous quarter.

The unsold housing stocks declined 7% in Delhi-NCR to 1,41,235 units at the end of the June quarter from 1,51,500 units as of March 31, 2022. Giving a breakup of the Delhi-NCR data, Anarock said that housing sales in Gurugram fell to 7,580 units from 8,850 units. New launches dipped to 2,830 units from 7,890 units.

In Noida, housing sales declined to 1,650 units in April-June 2022 from 2,045 units in the previous quarter. There were no new launches in the city in the June quarter as against 270 units in the previous quarter. Housing sales in Greater Noida fell to 2,750 units from 3,450 units, while new launches rose to 390 units in April-June from nil in the previous quarter.

In Ghaziabad, housing sales declined to 1,650 units in April-June from 2,080 in the previous quarter but new launches rose to 740 units from 220 units. Housing sales in Faridabad, Delhi and Bhiwadi combined fell to 1,710 units during April-June 2022 from 2,410 units in the previous quarter. New launches were down to 110 units from 920 units.

Out of the total unsold inventory in Delhi-NCR, Gurugram currently has the maximum stock of around 59,120 units, a 7% decline from the March quarter.

Housing sales in Delhi-NCR fell 19% to 15,340 units in April-June compared to the previous quarter on lower demand due to a rise in property prices as well as mortgage rates, according to Anarock data. In January-March 2022, housing sales stood at 18,835 units across NCR. According to data compiled by Anarock, one of the leading real estate consultants in India, the new launches or supply declined 56% in Delhi-NCR to 4,070 units in April-June from 9,300 units in the previous quarter. The unsold housing stocks declined 7% in Delhi-NCR to 1,41,235 units at the end of the June quarter from 1,51,500 units as of March 31, 2022. Giving a breakup of the Delhi-NCR data, Anarock said that housing sales in Gurugram fell to 7,580 units from 8,850 units. New launches dipped to 2,830 units from 7,890 units. In Noida, housing sales declined to 1,650 units in April-June 2022 from 2,045 units in the previous quarter. There were no new launches in the city in the June quarter as against 270 units in the previous quarter. Housing sales in Greater Noida fell to 2,750 units from 3,450 units, while new launches rose to 390 units in April-June from nil in the previous quarter. In Ghaziabad, housing sales declined to 1,650 units in April-June from 2,080 in the previous quarter but new launches rose to 740 units from 220 units. Housing sales in Faridabad, Delhi and Bhiwadi combined fell to 1,710 units during April-June 2022 from 2,410 units in the previous quarter. New launches were down to 110 units from 920 units. Out of the total unsold inventory in Delhi-NCR, Gurugram currently has the maximum stock of around 59,120 units, a 7% decline from the March quarter.

Next Story
Infrastructure Transport

HMRTC to Extend Metro from Gurugram to Jhajjar

The Haryana Mass Rapid Transport Corporation (HMRTC) is progressing with plans to extend the Gurugram Metro from Basai to Bhadsa in Jhajjar, with the ridership survey expected to be completed by the end of January, according to HMRTC officials. In March, the authority had requested Railway India Technical and Engineering Services (RITES) to conduct a ridership survey, which will play a crucial role in finalising the project. The proposed route, covering 23.1 km from Basai to Bhadsa, will alleviate heavy traffic on this stretch. The ridership survey will determine whether the extension should p..

Next Story
Building Material

Siam Cement BigBloc Construction bags Tata Project’s order

SIAM Cement BigBloc Construction Technologies, a joint venture between Gujarat based BigBloc Construction and Thailand’s SCG International Corporation, has secured a work order from Tata Projects for supply and installation of AAC Panels for India’s first Semiconductor unit of Micron India in Sanand, Gujarat. The work order of approx. 2 lakh square feet is for supply and installation of 100 mm AAC panels for Micron India’s semiconductor factory at Sanand. The work order was finalized after several rounds of meetings, thorough due diligence, and factory visits, including review of mock-u..

Next Story
Infrastructure Urban

Zoomlion Releases World's Tallest Straight Boom Aerial Work Platform

Zoomlion Heavy Industry Science & Technology has released a series of groundbreaking aerial work platform (AWP) products, including the world's tallest straight boom aerial work platform, the ZT82J, with a height of 82.3 m. These innovative products further solidify Zoomlion's leadership in the AWP sector and underscore its commitment to global market development. The ZT82J marks Zoomlion's third instance of setting a world record in straight boom AWP following the 68-meter and 72-meter products. The 82.3-meter AWP boasts a platform amplitude of 34.1 meters, a maximum working load of 454 kilog..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000