New launches de­cline in Delhi NCR; ma­jor­ity in mid-seg­ment

Cap­i­tal val­ues likely to im­prove; fu­ture launches to re­main fo­cused on the af­ford­able to mid-seg­ments

HT Estates - - HTESTATES - HT Es­tates Cor­re­spon­dent

With around 4,500 unit launches in the third quar­ter of 2014, Delhi-NCR reg­is­tered a quar­teron-quar­ter de­crease of around 36%, says a re­port by Cush­man & Wake­field.

Around 63% of the units launched dur­ing the quar­ter were in the mid seg­ment, fol­lowed by 29% in the high-end and the re­main­ing 8% in the af­ford­able seg­ment, says the in­ter­na­tional con­sul­tancy’s mar­ket beat res­i­den­tial snap­shot.

Noida ac­counted for more than 66% of to­tal unit launches, with af­ford­able and mid seg­ment of­fer­ings in the Greater Noida sub­mar­ket.

In sub­mar­kets of Dwarka Ex­press­way and New Gur­gaon, the fo­cus was on mid-seg­ment units.

Cap­i­tal val­ues im­proved in Gur­gaon and Noida. Cap­i­tal val­ues in Gur­gaon and Noida im­proved by 4 to 6% from the pre­vi­ous quar­ter. This was pri­mar­ily due to higher in­ter­est from end-users and in­vestors alike, to strike a good deal be­fore a prob­a­ble price hike.

How­ever, de­mand re­mained sub­dued in Delhi, re­sult­ing in cap­i­tal val­ues de­clin­ing by 2 to 3% from the pre­vi­ous quar­ter.

Rental val­ues main­tained sta­tus quo. With avail­abil­ity of am­ple op­tions, the rental val­ues across all sub­mar­kets of Delhi, Gur­gaon and Noida re­mained sta­ble dur­ing the quar­ter.

Fu­ture out­look re­vealed that cap­i­tal val­ues were likely to im­prove and launches were to re­main fo­cused on af­ford­ableto-mid seg­ment.

In­creased en­quiries and mar­ginal ap­pre­ci­a­tion in­di­cate that cap­i­tal val­ues in Gur­gaon and Noida may im­prove in the short term. How­ever, to en­thuse buy­ers, de­vel­op­ers could of­fer at­trac­tive pay­ment plans.

New launches might con­tinue to be fo­cused on lower ticket prices in the af­ford­able-to-mid seg­ment, as de­mand is high­est in th­ese seg­ments, adds the re­port.

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