According to Anarock, although the demand for residential properties surged by 19% in Noida, housing sales in Gurugram declined by 12% year over year from January to March. According to data from real estate consultant Anarock, the number of house sales in Gurugram’s primary market (first sale) decreased by 12% from 9,750 units in the same period last year to 8,550 units this January–March.
Anarock Vice Chairman Santhosh Kumar stated, ”The demand continues to be strong in Gurugram. Still, sales dipped in the IT city due to a fall in new supply. Many builders did not get approvals to launch projects”.
Krisumi Corporation MD Mohit Jain added, ”Gurugram remains one of the most preferred destinations for luxury properties, particularly for high-networth individuals”.
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Noida has been a popular area in Delhi-NCR for buyers and developers, according to Yash Miglani, MD at Migsun Group, located in Noida. According to him, the announcement of several infrastructural projects, including Jewar Airport, is what caused the increase in sales in Noida.
Vishal Raheja, founder and MD at InvestoXpert.com, mentioned, “Noida’s growth signals its resilience and attractiveness to buyers, buoyed by strategic infrastructure development and affordability”. Shiwang Suraj, founder and Director of housing brokerage firm InfraMantra, said, ”We are witnessing an important transition with demand moderating, influenced by fewer new housing launches”.
