Gurugram Witnessed Highest Housing Sales, Launches In Delhi Ncr In 2021: Anarock Report

As reported by Anarock, Gurugram recorded sales of 11,990 units last year. The city saw a 115% increase compared to last year’s sales.

The city also saw the highest sale of residential launches across Delhi-NCR in 2021 after Greater Noida, as per a recent report released by Anarock.

The report saw 31,710 units launched in Delhi-NCR in 2021, wherein Gurugram comprised 58% of launches. In contrast, Greater Noida saw the sale of 9,580 units and the launch of 3,930 new units.

As per the report, NCR’s housing sales rose by 73%, from 23,210 units in 2020 to 40,050 units in 2021. If we look at the pre-Covid-19 stats, the total sales in this region were approximately 46,920 units. Therefore, in 2021, housing sales in NCR touched 85% of the pre-pandemic level, the report stated.

As concluded by esteemed realtors and realty experts of Gurugram, the year 2021 witnessed the return of the end-users and many first-time buyers. The hassle-free availability of low-cost loans, sops announced by the government, and jaw-dropping discounts offered by developers helped the market revive.

Pradeep Aggarwal, a city-based developer and chairman, Signature Group, stated that the affordable housing segment witnessed an all-time high demand in 2021. He said, “Many end-users bought homes in the affordable segment as Covid-19 made them realise the importance of owning their own home. Gurugram has emerged as a key market for affordable housing and independent floors–and these have picked up. We are expecting better business in 2022”.

Anarock Group chairman Anuj Puri said, “Of the four quarters, quarter four of 2021 was by far the best, with housing sales in the top seven cities attaining a new high of approximately 90,860 units. This was the highest quarterly sales performance since 2015.”

City-based brokers concluded that after May 2021, the market saw momentum, and the leads that got generated in the next three months after May got converted into sales in the last quarter of the year.

Sanjeev Thakur, a city-based broker, said, “Despite the pandemic, we are seeing that there is a correction in prices by 10% to 15% in many areas. The ready-to-move-in properties are now being sold at a premium,”

One more interesting trend was seen in the city which showed a higher demand for larger flats and houses. As per Gurpal Singh Chawla, director, Spaze Group, “There is a 20% to 30% increase in sales because during lockdown everybody felt that homes are very important for a family and the size of their homes should be larger. There has also been a demand for organised retail spaces, and SCOs [shop-cum-offices] have emerged as major attractions in this category, particularly to investors”.