Gurugram housing sales shoot up 3-fold during Jan-Sep 2022
NEW DELHI: Housing sales in Gurugram jumped more than three-fold on an annual basis to 24,482 units during JanuarySeptember this year on higher demand for residential properties across all price categories -affordable, mid-income and luxury, according to Anarock.
Housing sales in Gurugram stood at 7,725 units in the yearago period.
Noida saw a 52% increase in sales to 5,040 units in the first nine months of this year compared to 3,315 units in the corresponding period of the previous year, as per data compiled by Mumbai-headquartered property consultant Anarock.
Sales in Greater Noida rose 46% to 8,651 units during January-September 2022 from 5,925 units earlier.
Ghaziabad witnessed a 54% rise in housing sales to 5,395 units from 3,510 units in the corresponding period of 2021. Sales in Faridabad jumped nearly three-fold to 2,890 units from 1,018 units.
Overall, Anarock data showed that sales in the DelhiNCR market more than doubled to 49,138 units during January
September from 22,478 units in the year- ago period. Noida, Greater Noida and Ghaziabad are in Uttar Pradesh, while Gurugram and Faridabad are part of Haryana.
When contacted, Anarock Vice Chairman Santhosh Kumar attributed the sharp rise in housing sales in Gurugram to various factors, including lower base effect and strong revival in demand.
“Last year, builders launched less projects as demand was muted because of the covid-19 pandemic. This year, there has been a significant increase in supply across all segments of the housing sector, be it affordable or ultra luxury,” he said.
Independent floors saw good demand in the Gurugram market, Kumar added.
Realty major DLF has launched many projects comprising independent floors. M3M Group, Signature Global and Tulip Infratech have also launched many housing projects and achieved good sales.
Pradeep Aggarwal, founder and chairman, Signature Global, said, “Housing sales in Gurugram have risen sharply this year because of higher demand across all price points and segments, be it affordable housing or luxury floors. Of late, builders have also launched many projects with better locations and amenities which is attracting home buyers.”
Signature Global, which is mainly into the development of affordable housing projects, had in July filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise ₹1,000 crore.
Garvit Tiwari, co-founder at property brokerage Inframantra, said the NCR market has registered strong sales backed by robust consumer demand.