The significant reduction in unsold/ delayed housing units in Gurgaon, has raised the confidence of home buyers in this premier housing market of not just NCR but of India as well.
According to a recent research report of Anarock Property Consultants, though Delhi-NCR constitutes 52 % share of the total of 6.29 lakh unfinished/ delayed housing units across India , Gurgaon has a much better track record. While Noida and Greater Noida together have 66% share of a total of 3.29 lakh unfinished units in Delhi-NCR, Gurgaon’s share stands at 12%. Delhi, Faridabad and Bhiwadi together have a 12% share of the unfinished/delayed homes. Ghaziabad market which is comparatively much smaller to Gurgaon market, accounts for 10% share of unfinished housing units in Delhi-NCR. Because of this improved performance by Gurgaon market, the trust of home buyers has gone up. As a result of that they are now also looking at under-construction/newly launched projects .
Says Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global and Chairman, Assocham, National Council on Real Estate, Housing and Urban Development, “This is a positive sign for the Gurugram Real Estate. Our USP is timely delivery, in fact, by deploying cutting edge technology, we are delivering before the promised timeline. For our newly launched Signature Global City 37D in Gurgaon, we will try to deliver in 24 months. Despite the Corona pandemic, we have successfully delivered Orchard Avenue Sector 93 and Grand Iva, Sector 103, Gurgaon projects this year. We will be delivering over 5000 units in 2021-22. In a consumer-oriented market where recovery is still fragile, project completion and delivery will hold the key to the revival of the residential real estate market.