New housing provide in Delhi-NCR went up by 38% on Y-0-Y foundation – from 6,750 items in Q1 2021 to almost 9,300 items as on Q1 2022. Individually, Gurugram noticed the steepest rise amongst all NCR cities. This is as per ANAROCK Research, that reveals a breakdown of recent launches, sales and unsold inventory data throughout Gurugram, Noida, Ghaziabad together with Faridabad, Delhi and Bhiwadi.
Gurugram noticed most launches of seven,890 new items in Q1 2022, comprising a whopping 85% share of the full new launches in your complete NCR. On yearly foundation, Gurgaon noticed large soar of over 158% in new provide – from 3,060 unit in Q1 2021 to 7,890 items in Q1 2022.
Noida noticed a brand new provide of 270 items in Q1 2022 whereas Greater Noida noticed no new launches in Q1 2022. Developers are consciously proscribing new provide into the market. Ghaziabad noticed a brand new provide of 220 items. In the corresponding quarter of 2021, town noticed no new provide. Data signifies that Faridabad, Delhi and Bhiwadi collectively noticed a brand new provide of 920 items within the first quarter of 2022, a 32% drop in opposition to Q1 2021.
Santhosh Kumar, Vice Chairman – ANAROCK Group, says, “Residential sales in NCR stood at nearly 18,835 units in Q1 2022 – the second highest after MMR. On a yearly basis the sales increased by 124% while as against the previous quarter it increased by 7%. In Q1 2021, housing sales were seen to be nearly 8,790 units across NCR.”
Data traits recommend housing sales in Gurugram elevated by 219% on a yearly foundation. It stood at 2,775 items in Q1 2021 and approx. 8,850 items in Q1 2022.
Noida witnessed sales of practically 2,045 items in Q1 2022 as in opposition to simply 1,280 items in the identical interval in previous year – rising by 60%.
Likewise, Greater Noida noticed its residential sales soar up by 39% on yearly foundation. As on Q1 2022, sales had been recorded to be 3,450 items in opposition to 2,485 items in Q1 2021.
Ghaziabad noticed sales of two,080 items within the first quarter of 2022 as in opposition to 1,390 items in earlier year similar quarter, a soar of fifty%. Faridabad, Bhiwadi and Delhi collectively noticed sales of practically 2,410 items in Q1 2022 as in opposition to 860 items in Q1 2021 – rising by 180%.
As per data, NCR was the third metropolis solely to Chennai and MMR which noticed its unsold stock decline (by 9%) in the course of the year – from over 1.68 lakh items in Q1 2021 to shut to 1.53 lakh items as on Q1 2022.
Of the full unsold inventory in NCR, Gurgaon at the moment has the utmost stock of round 63,870 items which elevated by 3% on yearly foundation. The rise is basically due to the brand new added provide.
Greater Noida is subsequent having greater than 31,235 items mendacity unsold as on Q1 2022-end. However, not like Gurgaon, Greater Noida was in a position to cut back its stock by good 20% on a yearly foundation.
Ghaziabad noticed its unsold stock decline to 18,900 items in Q1 2022 from 23,844 items in Q1 2021. This was a whopping 21% yearly decline.
Noida has an unsold stock of practically 13,799 items as on Q1 2022-end as in opposition to 16,295 items in similar quarter of 2021, thus declining 15%.
Meanwhile, Delhi, Faridabad and Bhiwadi collectively have over 24,702 items as on Q1 2022-end. It was 27,157 items within the Q1 2021-end, thereby declining by 9%.