Demand for residential apartments rises in NCR
The demand for residential apartments is soaring strongly in NCR despite speculative market that is owned by the predominance of various investors. The market is expected to become transparent with the revised circle rates.
Gurgaon has witnessed the maximum number of launches in H1 FY13 combines 33 percent of total launches in NCR region. It is expected that 45 percent of the under construction units will be completed within 2013. Around 56 percent of under construction units fall in Noida and Greater Noida properties, although Gurgaon have only 20 percent of the under construction units.
There is a dip in NCR residential market which witnessed maximum observation in H1 FY13 compared to H1 FY12. Generally residential sales increase during the festival reason and at the end of the year developers offers discount in the properties, so there is a chance of the demand picking up in H2 FY13.
The total cost of H1 FY13 is less than Rs 50 lakh and around 71 percent of the absorption has been in the affordable housing segment. 31,000 residential units were launched during H1 FY13 in the NCR region even after a dip of 22 percent compared to H1 FY12.
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[...] Demand for residential apartments rises in NCR Real estate trusts to invest in rental properties [...]
[...] Demand for residential apartments rises in NCR Real estate trusts to invest in rental properties [...]