Gurgaon's real estate market experienced the largest growth in home demand during the second quarter of the year. Increasing home demand and decline in availability have created an exciting market environment that has raised usual rates and changed the dynamics of the Gurgaon real estate market. According to the most recent data from Magic Bricks, the demand for properties in Gurgaon increased by...
The Gurugram Metropolitan Development Authority (GMDA) has floated tenders to repair and improve walkways on six important city roads in the next six to nine months in order to help pedestrians on city roads commute securely and comfortably. Almost 12 km of sector roads in sectors 32/39, 52/57, 33/34, 24/27, 51/57, and 49/50 will be upgraded. These roads receive a lot of traffic, so creating better...
The average premium housing rent increased by 28% in the first half of this year as a result of increased demand, limited supply, and growing capital values, according to Savills India. The average rental rate in Gurugram "seen an increase of 28% year-on-year across all segments. The prime locations like Golf Course Road, and Golf Course Extension Road witnessed the largest increases in rental...
The demand for luxury homes has been expanding in Delhi NCR. So, that the residences price more over Rs 3 crore make up about 35% of for the Sobha portfolio. Increase in our profit as a result of the mix change from the mid-luxury to a slightly high-end luxury market. As a result, for the first time this quarter, we exceeded the Rs 10,000 average price realisation threshold. The business had...
Residential property prices in the Delhi-NCR region have increased strongly over the last five years as per 99acres data. Changes in government policies, economic situations, and regulatory reforms have all contributed to market changing aspects. "More than 1.6 lakh housing units are set to be delivered to home buyers across Delhi NCR in 2023," said Maneesh Upadhyaya, Chief Business Officer,...
The National Highways Authority of India (NHAI) is anticipated to appoint a consultant for the highway project within the next two months. The plan is to create a two-layer elevated road over NH-8 from Dhaula Kuan to Manesar. It is expected that the elevated route, which is exclusively intended for light cars, will ease traffic between Delhi and Gurgaon, particularly near the Sirhaul...
Many developers and local builders have launched a flurry of luxury real estate projects in Delhi-NCR. The healthy offtake and demand for renovating properties in the premium class is the main reason behind this. The publicly traded real estate company is still optimistic about India's housing market and anticipates strong sales momentum to continue as a result of the country's rising urbanisation,...
The real estate market saw a tremendous improvement in the first quarter of financial year 2023, with home sales in the top 7 cities topping 100,000 units. In addition, the new launches have increased significantly Year on Year by 23%, from 89,140 units in quarter one 2022 to roughly 110,000 units in 2023. In top seven Indian cities, Delhi-NCR stands out as the leader in terms of new home...
In order to improve enforcement and stop illegal construction activities, the department of town and country planning (DTCP) has divided Gurgaon into three zones and assigned two new enforcement officials for three months. They stated that the two newly created authorities would be in charge of demolition drives and enforcement operations in their respective zones. The first zone will consist of...
The residential sales in Delhi-NCR reached a 10-year high in the first half of 2023 with 30,114 units sold, with Gurugram accounting for more than half of the units sold with a 52% share. A combined 32% of the market was accounted for by Noida and Greater Noida. Ghaziabad contributed 12%, while Delhi and Faridabad each contributed 2%. The volume of home sales in 2023 will increase by 3% annually...
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