Gurgaon High-End Property Demand Slows, Noida Remains Steady
Gurgaon's high-end real estate market is experiencing a slowdown, with demand softening in the higher price range. However, Noida continues to see steady demand despite supply shortages.
Real EstateProperty MarketGurugramNoidaEconomic FactorsReal Estate NewsSep 07, 2025
A report by Antique Stock Broking Limited highlights that developers are increasingly offering steep discounts to serious buyers. Reputed developers, however, are unlikely to face much challenge, the report added.
Meanwhile, in Noida, demand remains steady as the market continues to grapple with a supply shortage, the report added.
The report further added that buoyed by strong balance sheets and a focus on boosting pre-sales, competition for project acquisitions is intense. Many players are vying for opportunities and pushing up valuations, particularly for redevelopment projects in MMR and those in Gurugram.
While this is likely to put pressure on profit margins, companies with a healthy pipeline of ongoing projects over the next few years could find themselves in a favourable position, the report added.
Outside the north region, July and August real estate absorption in Bengaluru was very encouraging, contrary to expectations of muted absorption on the back of IT job lay-offs.
The conversion from footfalls was healthy. Ticket sizes below Rs 20 million are in the comfort zone.
Whereas, units with higher ticket sizes greater than Rs 20 million are also witnessing healthy absorption, but with some inducements, such as relaxed payment plans, etc., the order of the day. Pune too has been witnessing strong absorption in Hinjewadi and Hadapsar micro-markets, the report added.
The report further added that macroeconomic factors like interest rates are falling (the current repo rate is 5.5 per cent, with another 25 bps cut expected). Low inflation (1.55 per cent in July), income tax relief for earnings up to Rs 12 lakh per year, a good monsoon, and a strong first-quarter GDP growth of 7.8 per cent have all been positive signs, especially for the real estate sector. However, trade uncertainties with the US and layoffs in IT companies pose some risks, the report added.
Frequently Asked Questions
What is the current trend in Gurugram's real estate market?
Gurugram's high-end real estate market is experiencing a slowdown, with demand softening in the higher price range. However, there is still strong interest in properties priced between Rs 2-4 crore.
How is the real estate market in Noida performing?
Noida's real estate market remains steady, with a steady demand despite supply shortages. This has led to intense competition for project acquisitions.
What factors are affecting the real estate market in Bengaluru?
Bengaluru's real estate market has seen encouraging absorption in July and August, contrary to expectations of a slowdown due to IT job lay-offs. The market is performing well, especially for properties priced below Rs 20 million.
How are macroeconomic factors influencing the real estate sector?
Falling interest rates, low inflation, income tax relief, a good monsoon, and strong GDP growth are positive signs for the real estate sector. However, trade uncertainties with the US and layoffs in IT companies pose some risks.
What is the current repo rate and what is expected to happen next?
The current repo rate is 5.5 per cent, and another 25 bps cut is expected. This is likely to further boost the real estate sector.
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