The inevitable fact of dip in the launch of residential units in NCR region cannot be seen as a sign of worry as the number of projects launched are more than last year. Be it Gurgaon, Noida, Ghaziabad or Faridabad, growth in all four location is tremendous, no doubt. Gurgaon and Noida evolved as business districts and Ghaziabad and Faridabad went for industrial development, the whole region is metamorphosed with mixed use development model. From small packet development to big hotshot sector creation, NCR has came a long way to deliver the best facilities to leading companies from all over the world and house best residential units to cater the population residing or planning to reside in these regions.Gurgaon mostly offers high and mid segment homes because of extraordinary IT/ITes base set-up. High amount of residential supply can be found in Northern Periphery Road (NPR), a stretch on the Dwarka Expressway (this area is also called as New Gurgaon as mentioned in the Gurgaon master plan 2021).Noida is also seriously affected with IT and auto ancillary companies, making it a preferred housing destination. Extending the limits, greater Noida is born, another class city that offers affordable housing units. Along the Yamuna expressway, most budding residential units can be seen in sectors like alpha, beta, gamma etc.Faridabad and Ghaziabad are mainly industrial areas and have least commercial development. However newer areas like e Neharpur and Sectors 70-89 are undergoing through realty update and offering properties in mid segment.Quick Points
- In NCR, around 5,20,000 residential units are in some stage of construction (while some in delays). 50% of these are expected to be ready possession by the end 0f 2014 or 2015.
- Greater Noida recorded highest releases, both in last year and the current year.
- Major project launches in Greater Noida were in the price range of Rs 2900-3500 per sq ft on the Yamuna Expressway, Tech Zone IV, Sector 16A and 16B.
- While in Gurgaon, the project ranges from Rs 5500-8500 per sq ft mostly around Dwarka expressway.
- The number of unsold inventory is also increased to more than one lakh (approx 27% under construction).
- Ghaziabad witnessed 40% drop in the project launches.
Price appreciation in NCR is steady and developers are facing liquidity crunch. The time ahead is predicted to be normal, plain and steady.займ на карту без отказов круглосуточновзять кредит онлайн