Housing sales in Gurugram jumped more than three-fold on an annual basis to 24,482 units during January September this year on higher demand for residential properties across all price categories — affordable, mid-income and luxury, according to Anarock. Housing sales in Gurugram stood at 7,725 units in the year ago period. “Housing sales in Gurugram…
Category: Affordable Housing
Gurgaon- Jaipur stretch of Delhi-Mumbai Eway to boost Sohna Realty
With the Gurgaon-Jaipur stretch of the mega 1352 km long Delhi-Gurgaon-Mumbai expressway getting operational later this month, the South of Gurgaon (Sohna) real estate is set to get a major boost. This 8-lane access-controlled expressway will fast-track Gurgaon-Sohna-Jaipur connectivity, by effectively reducing the travelling time to Jaipur to two and a half hours. Gurgaon-Sohna-Jaipur stretch…
High credit to realty companies and home buyers to boost real estate
The significant growth in retail credit for home buyers, and corporate credit to real estate companies, will have a positive impact on the growth of real estate, particularly in general and residential real estate. Both the bank credit and non-bank (NBFCs) credit for home buyers and real estate/ construction companies has seen the fastest growth….
High home buying sentiment fueling residential sales
Despite being prone to rising interest regime, the rate sensitive real estate sector, particularly residential realty is experiencing robust sales due to strong sentiment for home ownership, rising number of new launches amidst manageable inventory. The healthy residential sales momentum is marked by the highest sales number for residential real estate after 2010. The January-…
NRIs to boost NCR Residential Realty
NRIS are turning out to be the biggest drivers of housing sales in the National Capital Region., in turn boosting the growth prospects of real estate as a whole. A latest CII – Anarock consumer sentiment survey shows that NCR (particularly Gurgaon and Noida) is the preferred choice of NRIs for housing investment along with…
New infra projects to enhance Dwarka Eway connectivity, boost investment
A host of new infrastructure development projects in and around Dwarka Expressway are set to provide a big connectivity boost to this prime expressway of Gurgaon which is all set to become operational next year. This will in turn result in property price appreciation in the area. The opening of one of these projects- Basai…
New mobility boost to put Sohna realty on fasttrack
The National Highway Authority of India’s (NHAI) is putting into motion its plan to fast track traffic on Sohna Road to benefit people living on both sides of the newly constructed Sohna elevated road. On anvil is a plan to construct an underpass and a slip road to unclog Sohna Road to ensure smooth and…
Better business environment to boost real estate
Notwithstanding the global headwinds ,the positive business environment on the back of the supporting economy holds great promise for the growth of real estate , especially residential real estate that has seen healthy demand due to the rising trend of home ownership. A recent survey of multinational companies conducted jointly by the Confederation of Indian Industry (CII)…