January 2020

New residential launches increased by 45% in NCR in 2019

According to the Knight Frank report, around 57% of the newly launched units in 2019 were concentrated in Gurugram and Greater Noida. Gurugram accounted for the biggest share of overall new launches, followed by Greater Noida and Noida. Home sales in Delhi-NCR witnessed a 5% YOY growth while the new residential launches increased by 45% in 2019 as compared to 2018, according to annual report by London...

New residential launches increased by 45% in NCR in 2019

According to the Knight Frank report, around 57% of the newly launched units in 2019 were concentrated in Gurugram and Greater Noida. Gurugram accounted for the biggest share of overall new launches, followed by Greater Noida and Noida. Home sales in Delhi-NCR witnessed a 5% YOY growth while the new residential launches increased by 45% in 2019 as compared to 2018, according to annual report by London...

Gurugram: Emaar Greens’ buyers files complaint at CM window over project delay

GURUGRAM: The residents of Emaar Green, a housing society in Sector 102, filed a complaint at the CM window on Saturday against the developer for not paying them compensation for the delay in possession. The residents alleged that the builder had promised to offer the possession in June 2015, which was actually given to them in 2017. Though the builder had promised to compensate them for the delay, it...

Co-working to lead growth in 2020 in NCR

New Delhi: Suppliers of co-working facilities in the National Capital Region are looking for areas such as Old Delhi, West Delhi, New Gurgaon and the Noida Expressway to expand as most of the spaces in the central locations are occupied. Delhi, which contributes 20% to office stock, witnessed a twofold increase in net office space absorption in 2019, with some prominent large projects added during the...

Developers against plan to hike circle rates in Gurugram

New Delhi: The Haryana government's proposal to increase circle rates will affect the ongoing and future real estate transactions in Gurgaon and add to existing inventory of unsold stock, leading developers and experts said. According to property consultant Anarock, the proposed hike would further dampen end-user and investor sentiment. Both primary and secondary housing markets will be hurt by the hike....

Gurugram proposes hike in circle rates, buying house to become more expensive

Homebuyers will have to shell more money to buy independent floors in plotted residential colonies, and apartments in group housing societies mostly in private developer colonies along the Golf Course Road, Sohna Road, the Delhi-Gurgaon Expressway and MG Road. This is because the Gurugram administration has proposed to increase the circle rate in these areas. With the increase in the circle rates, the...

Home prices to remain flat in Delhi-NCR

Home prices in Delhi-NCR are likely to remain flat in calendar year 2020 even though leading developers in the region are hopeful that the recent government measures will help revive sales. “Developers are keen to get the sales volume back in the market rather than hiking the price,” said Samantak Das, chief economist and head of research at property consultant JLL India.

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