New launches in the festive season from the Godrej group, Adanis, CHD and ATS have been sold out. Most of these were in the range of R5500 per sq ft to R7500 per sq ft and are likely to release 6000 units in the future, points out Dhruv Khanna, a broker active in the area.
As for the secondary market, prices have more or less stabilised and there is reasonable amount of end-user activity, especially in case of projects that have been given possession or those that will be delivered soon. According to Sanjay Sharma, MD, Qubrex, a real estate consultancy and brokerage firm, many developers are launching new projects now because they fear that prices may stabilise soon and they hope to sell their stock before that happens.
There is a lot of opaqueness in the Noida market. End-users are buying because they fear prices will rise in Noida Extension while developers have launched new projects in the area at higher rates to cash in on the prevailing confusion.