Housing sales better, stalled projects big worry

Gurgaon | Wednesday | 16th January, 2019

Summary:

These numbers were drawn from individual surveys of the market in Gurgaon, Faridabad , Noida, Greater Noida, Ghaziabad, Delhi and Bhiwadi. Housing sales and new launches both saw an increase in 2018 compared to the previous year, according to real estate consultant Anarock. Housing sales in Noida stood at 6,080 units in 2018, rising 7% compared with 2017. While Greater Noida topped in total units sold (13,900), Gurgaon topped in supply of new units (11,280). In Noida, however, the market worst hit by stalled projects, new launches saw a sharp fall of 52% — from 4,060 units in 2017 to 1,940 units in 2018..