Promising change in demand and supply in Gurgaon
New housing projects have been launched in Gurgaon due to strong real estate market in account of this festive season.
Real estate consultancy, Qubrex says that the booking for new projects are encouraging and even the prices have increased due to strong demand.
Projects in the sector 104 started with Rs 5350 per square feet ,but now the same property is going at Rs 7000 per sq ft. Due to high cost for properties in Gurgaon, investors aiming to launch new projects. The fresh booking of the new projects starts from Rs 10 lakh to 20 lakh depending of the project.
Despite the hike, few areas in the city have encountered low absorption of the real estate. The sectors like 58,75,79 except 74 A and 75 A have gone through slow down by 74 % this year. Although near the Dwarka Expressway, new launches increased by 74 % in this year while absorption increased by only 12 %.
But, Dharuhera face a dip in new launches by 85% but absorption increased by 27%, quoted by Samir Jasuja, CEO, PropEquity.
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