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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

NCR Inventory Overhang Reduces to 27 Months in Q2 2022 From 80 Months Last Year

In Q2 2022, NCR now has the lowest housing inventory overhang since Q1 2015, aided by robust sales & restricted new supply Unsold stock sees a whopping 16% yearly decline – from approx. 1,68,710 units in Q2 2021-end to approx. 1,41,240 units as of Q2 2022-end Delhi-NCR developers remained cautious & restricted new supply despite […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

85% Buyers in NCR Bought 1st Homes, 65% in MMR Upgraded House Sizes Post COVID-19

Of total housing sales in NCR & MMR (~21,750 units & ~47,140 units respectively) post-COVID-19 (July 2020 – March 2021) period saw 90% sales to end-users in both cities, only 10% of investors Amid pandemic ‘new normal’ (WFH, e-schooling) only 15% of end-users in NCR upgraded to bigger property vs 65% in MMR (MMR avg. […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Over 4.22 lakh homes in top 7 cities to be completed in 2021 may face delay

Of the total homes slated for delivery by 2021 year-end, at least 72% are already sold At least 28% of the total units to be ready by year-end are in NCR, followed by 26% in MMR, 18% in Pune Of total ~4.22 lakh units expected to be delivered by year-end, at least 40% are in […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Restricted New Supply Helps Noida & Greater Noida Shed Unsold Stock by 12% Y-o-Y

In comparison, Gurgaon – with maximum unsold housing stock of nearly 61,880 units in NCR as on 2020-end – saw a jump of 7% in its stock in the year As on 2020-end, there are over 56,620 unsold units in Noida & Greater Noida collectively; in 2019-end it was 64,010 units Of total new launches […]

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