Gurugram's High-End Property Market Slows Down; Noida Maintains Steady Demand
Gurugram's real estate market is witnessing a slowdown in high-ticket segments, while Noida remains robust due to a supply shortage. The report by Antique Stock Broking Limited highlights the current trends and challenges in the Indian real estate sector.
Gurugram Real EstateNoida PropertyReal Estate MarketProperty DemandHighend PropertyReal EstateSep 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 noted 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 favorable 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 layoffs. The conversion from footfalls was healthy. Ticket sizes below ₹20 million are in the comfort zone. Units with higher ticket sizes greater than ₹20 million are also witnessing healthy absorption, but with some inducements, such as relaxed payment plans, etc., are 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 ₹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 high-end property market?
Gurugram's high-end property market is experiencing a slowdown, with demand softening in high-ticket segments. Developers are offering steep discounts to attract serious buyers.
Why is Noida's real estate market performing well?
Noida's real estate market is performing well due to a supply shortage, which is keeping demand steady. Strong balance sheets and a focus on boosting pre-sales are also contributing to the market's strength.
What are the key macroeconomic factors affecting the real estate sector?
Key macroeconomic factors include falling interest rates, low inflation, income tax relief, a good monsoon, and strong first-quarter GDP growth. However, trade uncertainties and IT job layoffs pose some risks.
How is the real estate market performing in other cities like Bengaluru and Pune?
Bengaluru and Pune are showing strong absorption in the real estate market, particularly in the ₹20 million and below segment. Higher ticket sizes are also witnessing healthy absorption with some inducements like relaxed payment plans.
What are the challenges for real estate developers in the current market?
Real estate developers are facing challenges such as intense competition for project acquisitions, which is pushing up valuations and potentially reducing profit margins. However, companies with a healthy pipeline of ongoing projects are in a favorable position.
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