Delhi-NCR Set for Unprecedented Housing Launches in Upcoming Season

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    The Delhi-NCR region is poised to witness an unprecedented surge in the launch of housing units during the upcoming festive season. This surge is primarily attributed to heightened land acquisition activities observed in the past six months. Leading real estate firms including DLF, Godrej, L&T, TARC, Signature Global, and County Group have strategically planned their project launches for the latter half of the year, aiming to cater to the escalating demand for contemporary homes.

    In the initial half of this year, a total of 10,963 residential units were introduced in the Delhi-NCR area. Remarkably, this figure nearly matches the count of units unveiled throughout the entire year of 2019, according to Cushman & Wakefield, a prominent real estate services firm. Notably, the trend leaned predominantly towards the luxury housing segment, constituting a significant 40 percent share of the overall launches. Of these upscale property introductions, approximately 78 percent emanated from the pivotal markets of Gurugram.

    DLF, a key player in the real estate sector, has laid out plans for residential launches in Gurugram, Mumbai, and Chennai. Meanwhile, TARC is gearing up for residential ventures in Central Delhi and Gurugram during this year. Impressively, TARC’s project ‘TARC Tripundra’ has achieved remarkable success, with over 70 percent of its units sold within a span of less than a year.

    Furthermore, Noida has emerged as a sought-after premium market for larger-sized apartments. Developers like County Group are strategically outlining projects, with Sector 115 in Noida set to host a significant undertaking.

    The residential segment has evolved into a lucrative asset class, presenting a compelling investment opportunity for those eyeing luxury properties, driven by their substantial appreciation rates.

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