Housing Sales in April-June: Noida and Greater Noida on top in NCR

According to reports, during April-June period Noida and Greater Noida rose by 51 percent to 5,715 units

housing sale in noidaAcross the top nine markets, Mumbai, Pune, Noida, Gurgaon, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad, the unsold units have come down by 9 percent year-on-year to 7,57,000 units.

During April-June 2018, housing sales fell by 2 percent to 61,639 units in top nine cities compared with 63,166 units in the year-ago period. In the corresponding period of the previous year, the launches of new homes fell by 20 percent to 41,839 units during the second quarter of 2018 calendar year from 52,218 units.

However, across the top nine markets-Mumbai, Pune, Noida, Gurgaon, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad, the unsold units have come down by 9 percent year-on-year to 7,57,000 units. A real estate expert made a statement that “this was a decent quarter for the real estate sector and the numbers reveal that the market is changing for good”.

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In 2018, there has been the substantial improvement in the last quarter shown by Noida including Mumbai, Pune, and Bengaluru.

Housing in sales in Gurgaon fell by 52 percent which could be primarily attributed to drop in new launches of affordable housing units, according to reports.

In the second quarter of 2018 calendar year, the sales report said that after an astounding performance in the January-March period, real estate developers did not show similar aggression in marketing and sales efforts. The report said that most developers are saving their marketing budgets for upcoming festivals.

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