FARIDABAD PROPERTY PRICES
Builders bought 415 acres in Delhi-NCR in 2023 for Rs 9,120 cr to develop projects: Report
With rising property demand, consultant JLL India noted that real estate developers are building a robust supply pipeline by investing in acquisition of land across the country.
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Auric Group to invest Rs 65 crore in developing Amusement Park in Faridabad
“This amusement park adds to the wide retail and hospitality offerings that make it a one-stop destination for family outings and community bonding,” said Auric Group’s Director Sandeep Aggarwal.
Housing sales surge 33% YoY in 2023, reach record high
Stable interest rates are poised to boost home purchases and instill confidence in developers, enabling them to present more attractive offerings in the New Year, extending beyond the festive season. This stability sets a positive tone for the real estate sector as we step into a new phase of growth in 2024.
Housing sales increase by 50%, launches grow by 101% YoY: Report
A total of 4,31,510 units were launched in 2022 registering a sharp growth of 101% YoY as against 2021. New launches witnessed a multi-year high, registering a 6% increase as compared to 2015 levels. Mumbai has been the frontrunner in terms of new supply in 2022, taking a share of 39% in the overall launches, followed by Pune and Hyderabad which took a share of 18% and 19% respectively.
Housing sale increased by 24% during July-Sep : Report
“There is a good appetite among the citizens of top cities for buying quality houses and thus there is significant buoyancy in the real estate market. There has been activity in the real estate market which is good news for the developers. Buoyancy is building on from one quarter to another in the current year,” said Samir Jasuja, Founder and Managing Director at PropEquity.
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NCR sees highest appreciation in land prices since 2019: Anarock
ANAROCK data shows that the top 7 cities (Bengaluru, Chennai, Hyderabad, Pune, Kolkata, MMR and NCR) have witnessed new plotted developments supply since 2020 and saw decent appreciation over the last 2.5 years. Out of the multiple micro markets across top 7 cities, the top 3 with maximum appreciation are all in NCR.
Delhi-NCR housing market: Sales fall 19%, new supply down 56% in Apr-Jun
Giving breakup of the Delhi-NCR data, Anarock said that housing sales in Gurugram fell to 7,580 units from 8,850 units. New launches dipped to 2,830 units from 7,890 units. In Noida, housing sales declined to 1,650 units in April-June 2022 from 2,045 units in the previous quarter. There were no new launches in the city in June quarter as against 270 units in the previous quarter.
Homebuyers in Noida-Greater Noida worst hit; 1.65 lakh units of Rs 1.18 lakh crore stalled
Delhi-NCR alone accounts for a whopping 50 per cent with 2,40,610 stalled or delayed units worth Rs 1,81,410 crore. Giving further breakup of the Delhi-NCR data, Anarock said that Noida and Greater Noida region account for nearly 70 per cent of total stuck/delayed units while Gurugram's share is only 13 per cent.
New trend in town: Homebuyers in NCR eye entire complexes
The trend is playing out at a time when Gurugram and Faridabad are expected to attract investments of close to Rs 7,000 crore towards the construction of over 20,000 independent floors, as multiple developers have plans to focus on low-rise buildings following the launch of a government scheme.
Eros Group to invest Rs 200 crore in developing residential complex in Greater Noida
Recently Eros Group has also invested an additional Rs 155 crore to buy James Hotel in Chandigarh (Sec 17) which will be soon operational in the name of Hyatt Centric. Eros Group has two hotels - Shangri-La's Eros in central Delhi and Eros Radisson Blu Hotel in Faridabad, Haryana. It also runs Vishal Cineplex in West Delhi.
Developers focus on low-rise development in Gurgaon, Faridabad
Developers including DLF, M3M, Birla Estates, BPTP, Trehan Group and ILC group have applied for the licence under the Haryana government’s Deen Dayal Jan Awas Yojna (DDJAY), which allows developers to construct up to four floors and sell them independently.
Gurgaon’s micro markets report increase in price, demand
With major developments like an urban transit system including the Delhi-Faridabad metro link, construction of the Delhi-Mumbai Industrial Corridor, revamping of Southern Peripheral Road, among others, New Gurugram is attracting both developers and buyers.
Omaxe sold 8.26 million square feet worth Rs 2145 crore in 2019-20: Annual report
“In the last 15 years, we have gained leadership position in cities like New Chandigarh, Ludhiana, Lucknow, Faridabad, Indore to name a few where we are executing our projects. A strong brand equity will help us continue this momentum in 2020-21 as well,” said Mohit Goel, CEO, Omaxe Ltd.
Covid19 Impact: Top 8 property markets see 5.4% decline in Q1 average prices
The National Capital Region (NCR) exhibited a maximum decrease in prices by 9 per cent while Bengaluru, Chennai, Mumbai Metropolitan Region (MMR) and Pune witnessed a drop of 4 per cent each.
Housing prices rise by up to 22% in 33 cities during April-June FY19: NHB
For under-construction properties, housing prices went up in 39 cities by up to 17 per cent and declined in 8 cities by up to 8 per cent and remained stable in 3 cities.
Housing prices rise by up to 22% in 33 cities during April-June FY19: National Housing Bank
For under-construction properties, housing prices went up in 39 cities by up to 17 per cent and declined in 8 cities by up to 8 per cent and remained stable in 3 cities.
Why real estate is not a good investment right now
Property prices in most cities have risen at a slow pace in the past 3 years. The large number of unsold units and long selling time only add to problem.
Gurgaon most attractive property destination in NCR
Gurgaon has emerged as the most attractive destination for real estate investment in the national capital region, according to a survey by industry body PHDCCI.
PEs, NBFCs Going for Tier-II Properties owing to infrastructure and affordability
Earlier this month, Xander Finance invested Rs 100 crore in Prateek group’s 40-acre township project in Ghaziabad’s Siddharth Vihar area.
JLL India asks home buyers to avoid Noida Extension, Greater Faridabad
Property consultant JLL India has advised home buyers to avoid certain locations, including Noida Extension, in Delhi-NCR.
National Capital Region gets bigger as Jind, Karnal and Muzaffarnagar get included
At its annual meeting, the National Capital Region Planning Board (NCRPB) took the decision to include the three cities into the NCR.
Bengaluru top real estate destination; NCR cities at bottom
Bengaluru is at the top position in the list of 14 best real estate destinations in the country for housing segment while the cities in the national capital region are at the bottom, a study has said.
Average housing price falls by 2% during April-June in Delhi-NCR
"Localities like Greater Kailash I and Vasant Vihar have also seen a decline of 11 per cent and 10 per cent in Q2-2014 over Q1-2014," the report said.
Increase in real estate prices giving rise to property bubble
From a pan-India perspective, new launches in the residential sector have dwindled over 2013, as developers have been looking at disposing of existing stocks to generate cash flow.
Property prices up by 15 per cent in Delhi-NCR: Report
Property prices have increased by an average 15 per cent in the Delhi-NCR during Apri-June quarter of this fiscal against the year-ago period, according to a report.
Delhi leads world in real estate price rise: Study
India has witnessed the sharpest appreciation in real estate prices in the last couple of years, according to data from the Global Property Guide.
Housing prices up in 9 cities, down in 11 places: National Housing Bank
Kochi saw the highest price rise of 10.1 per cent, followed by Jaipur with 9 per cent during the second quarter of this fiscal compared with the previous quarter.
Housing prices rise in 16 cities by upto 10.5% during Apr-Jun
The maximum increase in housing prices was observed in Pune (10.5%) followed by Bengaluru (8.7%), Patna (8.6%), Ahmedabad (6.4%) and Ludhiana (5.3%).
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