NO FIRE­WORKS

HT Estates - - Front Page -

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.

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