Delhi-NCR Sees Triple Growth in New Housing Supply in Q2, Says PropEquity
New launches of housing properties in Delhi-NCR estimated to triple in Q2 to 13,311 units, driven by strong demand and infrastructure development.
DelhincrReal EstateHousing SupplyPropequityKrisumi CorporationReal EstateSep 21, 2024
Real estate data analytics firm PropEquity has estimated new launches of housing properties at 13,311 units in the current quarter as against 4,147 units in the year-ago period.
Housing sales in Delhi-NCR are likely to increase 22 per cent during July-September 2024 to 10,263 units from 8,411 units in the corresponding period of the previous year.
Rise in fresh supply of homes was one of the major factors for an increase in sales in Delhi-NCR market, besides strong consumer demand.
Overall across nine major cities, PropEquity data shows that new launches in July-September 2024 may fall to 93,693 units from 1,05,655 units in the same period last year.
Sales are estimated to decline 18 per cent to 1,04,393 units in the quarter under review from 1,26,848 units in the same period last year.
These nine cities are -- Delhi-NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
Commenting on the NCR numbers, Gurugram-based Krisumi Corporation MD Mohit Jain said, \
Frequently Asked Questions
What is the estimated growth in new housing supply in Delhi-NCR in Q2?
The estimated growth in new housing supply in Delhi-NCR in Q2 is triple, with 13,311 units launched.
What is the expected increase in housing sales in Delhi-NCR in Q2?
Housing sales in Delhi-NCR are likely to increase 22 per cent during July-September 2024 to 10,263 units.
What are the factors driving the increase in sales in Delhi-NCR market?
The rise in fresh supply of homes and strong consumer demand are driving the increase in sales in Delhi-NCR market.
How does the Delhi-NCR market perform compared to other cities?
The NCR market has been performing exceptionally well defying the all-India trend.
What is the expected trend in sales in the upcoming festive season?
The upward trend in sales is expected to continue in the upcoming festive season as well as over the next few years.
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