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
Related News Articles
Enforcement Directorate Issues Notice to CM Siddaramaiah’s Wife and Minister Suresh in MUDA Scam
The Enforcement Directorate has issued notices to Chief Minister Siddaramaiah’s wife, B.M. Parvathi, and Urban Development Minister Byrathi Suresh, accusing them of illegal land allotments and money laundering in the Mysuru Urban Development Authority (MU
Insolation Green Energy Secures Rs 36 Crore Order for Solar Modules
Insolation Green Energy, a leading player in the renewable energy sector, has recently secured a significant order worth Rs 36 crore for its solar modules. This strategic win not only highlights the company's growing market presence but also underscores the increasing demand for sustainable energy solutions in India.
Ceratec Group and Chaitanya Developers Launch Iconic 'Tower 108' in Pune
Ceratec Group and Chaitanya Developers have unveiled 'Tower 108,' a premium commercial project in Pune's Balewadi area. The 108-meter-tall tower is set to become a hub for businesses, offering state-of-the-art office and showroom spaces.
HOMETHON Property Expo 2024: A Mega Real Estate Event in Mumbai
Naredco's Maharashtra chapter hosts HOMETHON Property Expo 2024 in Mumbai, showcasing over Rs 10,000 crore worth of real estate projects, offering a mix of affordable and luxury properties.
Jaiprakash Associates' Creditors Stake Claim of Rs 51,914 Crore Amid Insolvency Proceedings
Financial creditors, including 31 banks and financial institutions, and 1,517 real estate allottees, have submitted claims worth Rs 51,914 crore to the resolution professional.
Maharashtra's Budget 2025: A Closer Look at the Ladki Bahin Scheme
In the recent Maharashtra Budget 2025, concerns have been raised about the allocation for the Ladki Bahin scheme. This article delves into the details and clarifies the funding situation.