Key Highlights
- Gurugrams’s sales records in the real-estate sector hit 2-fold targets
- Sales hiked by 32,000 housing units in all price ranges
- Sales tend to set eye on the coming 2023
- Anarock, property consultant, a tracker of the housing market in 7 major cities
With the arrival of January 2023, the records have unfolded regarding real-estate growth. And with that, once again, Gurugram has broken all past records of hitting off sales targets in 2022. Gurugram’s real-estate market records high-time sales in residential housing units and has hiked by more than 32,000 units in all price ranges.
Anarock, a property-consultant, which usually kept records regarding housing markets for 7 major cities, has unfolded bumper sales records in Delhi-NCR, specifically in Gurugram. The National Capital Region’s top city in terms of absorption rate(a measure of how many properties are sold in a market at a given time) and housing supply in 2022 was Gurugram (NCR).
As per Anarock’s data, Gurugram accounted for 51% of all new launches in Delhi-NCR and a staggering 75% of the 63,710 units sold in Delhi-NCR overall in 2022. Gurugram has 19,100 newly constructed residential apartments for sale, while the NCR has 25,355 new residential units available for purchase.
According to city-based developers, the same pattern is anticipated in 2023, which noted that prices keep stable and sales hiked in 2022. Following a downturn in the property market for two years in a row brought on by lockdowns caused by the COVID-19 pandemic, city-based developers predicted a resurgence in 2022 as investors and homebuyers flooded the marketplaces.
Shiwang Surja, the founder of brokerage firm Inframantra, commented that with a likely decrease in interest rates in the latter part of the year, this trend is anticipated to continue in 2023. Several long-delayed infrastructure projects in Gurugram, including the Sohna Elevated Road, the expected Dwarka Expressway, and a crucial section of the Delhi-Mumbai highway, have also been completed, according to observers in the real estate market.
