The National Capital Region (NCR) witnessed a huge slowdown in the real estate market in 2012, massive project delays, economic slowdown have influenced end users sentiments which further affected the demand in the market as consumers become more cautious about their home buying decisions. Market sentiments have pushed new launches below the average level and in past two years project launches have plummeted by about 40 per cent when compared to the peak demand in the NCR region. Despite the huge influence of past two years, the NCR market has recently started stabilizing with increasing demand in the residential market. In fact, demand has significantly improved its statistics in past couple of quarters reaching to a better equilibrium in the market.Region wise residential real estate scenario of NCR market Noida and Greater Noida scenarioIn NCR real estate market, about 540,000 residential units are currently under construction. About 132000 units remained in the unsold inventory, out of which more than half of total unsold units are constituted by Greater Noida and Noida regions. Although Noida is considered as the prime residential market in the NCR region due to presence of decent infrastructural and proximity of South Delhi and Gurgaon, It has witnessed decreased residential demand in past few years. On the other hand Greater Noida boasts huge presence of Land parcels which would be perfect for the future developments like townships, big housing projects etc. The lack of commercial sector in the region has somewhat made Greater Noida cautious about the residential developments in the region.Gurgaon scenarioBeing the second largest contributor in the NCR’s residential market, Gurgaon has about 24 per cent under construction units pipelined to come online in next few years. The Area has prominent presence of famous builder and developers like DLF, Unitech, and IREO which offer modern and luxurious projects in the region. The major demand in Gurgaon is seen in the mid and high income segments hence area consist numerous mid and high end developments. There are many project which offer affordable housing units in the region along with good infrastructure, public amenities and features.Ghaziabad and Faridabad ScenarioGhaziabad and Faridabad areas in the NCR are hugely benefited from the industrial growth, and both region together constitute nearly 20 percent of the under construction units in the NCR Regions. Faridabad and Ghaziabad are located in the proximity of major developed areas of the NCR like Gurgaon and Noida, which has influenced the residential market of these regions. High rates in Gurgaon and Noida has shifted affordable residential market to the Faridabad and Ghaziabad submarkets.Absorption in NCRThe first half of 2013 observed absorption of about 35,000 residential units which increased by about 18 per cent as compared to the previous year’s absorption. Some regions observed exponential growth in the absorption level compared to the preceding year’s absorption. Greater Noida observed almost four times absorption due to the huge demand for the affordable housing. With high property rates and less availability of land parcels in Gurgaon and Noida absorption levels reduced in each submarket. Faridabad and Ghaziabad remained the most affordable submarkets in NCR, affordable residential units observed the highest absorption in these two regions.Market OverviewAdjacent regions of Dwarka expressway and Noida expressway along with Greater Noida will constinue to attract the investors in the future with easy connectivity, good infrastructure and affordable price appreciation. Gurgaon and Noida will remain the high end segment market, especially catering the needs of luxurious projects for high income segment. Greater Noida, Faridabad and Ghaziabad regions will serve better for the affordable housing segment.займ на карту без отказов круглосуточновзять кредит онлайн