MARKET MOVEMENT IN DELHI NCR
Delhi-NCR was the only city that registered a correction in its quoted capital values during the year
Apart from Noida, which witnessed an appreciation of 5-6% in both mid and high-end properties, quoted capital values corrected in the range of 2-11% due to high levels of unsold inventory in other submarkets within the NCR
South-east Delhi submarket comprising of locations such as New Friends Colony, Kalindi Colony, Ishwar Nagar, Kailash Colony, etc. registered highest year-on-year capital value correction of 11% in mid segment units
Luxury segment in Gurgaon recorded highest annual correction of 7%, across the top eight cities due to subdued demand for these high-priced units
61% of new unit launches were in Noida in submarkets such as Central Noida Extension, Yamuna Expressway and Noida Extension.
Gurgaon witnessed launches primarily in the affordable segment along Sohna Road