A new housing project at Noida by Godrej Properties Ltd. sold about 670 flats worth more than Rs 2000 crore on Monday. In November last year, the Noida Authority conducted an e-auction to sell the land to Godrej Properties. According to Godrej Properties’ regulatory filing, it has sold 670 homes worth over Rs 2,000 crore
New Delhi, 5 July 2023: Residential property sales in Delhi-NCR skyrocketed since the pandemic and there are no indications of this momentum slackening in the second quarter of 2023. Unsold housing inventory in the region declined by over 21% annually – the steepest drop of available stock among all the top 7 cities, finds ANAROCK Research data. Delhi-NCR’s unsold housing
Mumbai, 18 April 2023: The consumer sentiment for bigger homes continues unabated. Out of a total of 4,662 survey participants, 42% currently prefer 3BHKs, finds the CII-ANAROCK report ‘The Housing Market Boom’ released at the 5th Edition of the CII Real Estate Confluence 2023 in Mumbai, where ANAROCK was Knowledge Partner, today. 40% of the surveyed participants prefer
Mumbai, 10 April 2023: On the back of significant momentum in the residential property market, housing inventory overhang across the top 7 cities plunged to just 20 months by Q1 203-end, from 42 months by Q1 2018-end – reaching the lowest in the last five years. ANAROCK data shows that the inventory overhang in the top
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
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.
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
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
