NCR is largest residential property market in India
According to real estate analysts more than five lakh apartments are under construction in the NCR. NCR is reported as the largest residential property market in India.
The analysts also reported that the launching of new properties in NCR happened during the global economic slowdown period.
Almost 50% of the 5 lakh residential units will be ready for possession by next year.
The analysts also recorded that about 86000 units of residential apartments launched in 2011-12 and about 34 percent of the projects were launched in Ghaziabad.
It is also analyzed that almost 94000 units of apartments in NCR will be ready to occupy by the end of 2015.
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Source: Economic Times
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