Wednesday, July 25, 2018

Housing sales in Noida, Greater Noida rise 50% , drop by 52% in Gurgaon

Housing sales in Noida and Greater Noida rose by 51% to 5,715 units during April-June period but fell by more than half in Gurgaon to 1,922 units, according to News Corp-backed real estate portal PropTiger.

Overall, housing sales fell by 2% to 61,639 units in top nine cities during April-June 2018 compared with 63,166 units in the year-ago period, the portal said in its latest ‘Realty Decoded Report’ for April-June 2018.

The launches of new homes fell by 20 percent to 41,839 units during the second quarter of 2018 calendar year from 52,218 units in the corresponding period of the previous year. The unsold units across the top nine markets—Mumbai, Pune, Noida, Gurgaon, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad—have come down by 9 percent year-on-year to 7,57,000 units.

The quarter did not witness many launches as developers are waiting the festive season to roll out new projects. There was a decline in launch of new projects in Mumbai and Pune, while it grew in Noida, Bengaluru, Hyderabad and Chennai. However, last year the second quarter was an aberration as developers advanced launches to avoid approvals under the RERA regime.

No comments:

Post a Comment