Delhi-NCR to Witness Triple Fold Increase in Fresh Residential Properties
Fresh supply of residential properties in Delhi-NCR is expected to triple during July-September, driven by strong demand and new launches.
DelhincrReal EstateResidential PropertiesPropequityRealtyReal EstateSep 22, 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.
PropEquity is a real estate data analytics firm that provides detailed information on the Indian real estate market.
Realty+ is a leading real estate magazine in India, providing insights and analysis on the Indian real estate market.
Frequently Asked Questions
What is the estimated fresh supply of residential properties in Delhi-NCR during July-September?
Over 13,300 units
What is the expected increase in housing sales in Delhi-NCR during July-September 2024?
22 per cent
What are the nine major cities considered in PropEquity's data analysis?
Delhi-NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata
What is the estimated decline in sales across nine major cities during July-September 2024?
18 per cent
Who is the real estate data analytics firm that provided the data for this analysis?
PropEquity
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