Housing Sales in Gurugram go up to 32,617 Units in 2-folds
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by Axiom Landbase
- January 28, 2023
- Market Updates
- 0
In 2022, the sale of residential properties in Gurugram rose by nearly two-fold to 32,617 units. According to the real-estate consultant Anarock, the demand for properties was quite high. In 2021, the sale of housing projects was 15,590 units in Gurugram. The sales of housing properties in Delhi-NCR rose by 59% to 63, 712 units in 2022, from 40, 053 units.
According to Anarock data, Noida housing sales rose by 16 percent to 6,360 units during the 2022 calendar year from 5,460 units in 2021. In the Delhi-NCR market, there is a 15% growth in sales of residential properties to 10,985 units in 2022 from 9,575 units in 2021. When it comes to Ghaziabad, it rose 24% to 6.890 units from 5,560 units in 2021.
The founder of Inframantra said the housing sale in Gurugram has been breaking all the records, due to its high demands in the luxury and mid-income housing segment. In 2022, the housing sale performed exceedingly well even with higher home loan borrowing rates as new launches got limited which led to demand exceeding supply. The trend is going to continue in 2023 with a possible easing of interest rates by the end of 2023.
In 2022, the sale rose 54% 2022 to 3, 64.900 units as against 2, 36,500 units across Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. This was last seen in 2014 when nearly 3.43 units were sold across the top seven cities. The sales of housing in 2013 was 3, 18, 400 units whereas in 2014 it was 3, 08, 980 units; 3, 08, 250 in 2015; 2, 39, 260 units in 2016; 2, 11, 140 units in 2017; 2, 48, 310 units in 2018, and 2, 61, 360 units in 2019.
Sales plunged by 1, 38,340 units in 2020 due to the pandemic and the imposition of lockdown on the entire nation.
