In a great optimism surrounding real estate, surveys have revealed that the Delhi-NCR residential apartment sale has notched up by a significant 23 percent in the Q1 of 2021. Despite the Covid 19 impact, the Delhi-NCR real estate has stood solid with great performance. The overall new launches have also increased along with the surge in sales.
The new launches in the residential sector in Q1 2021 have recorded an increase of 27 percent when compared with the Q4 of 2020. The overall sales figures for Q1 2021 have also increased by 23 percent when compared with the Q4 of 2020. Among the satellite cities, Noida bears the major chunk of new launches. 55 percent of the new launches are in Noida.
The millennial city Gurugram contributed 25 percent of the new launches in the residential segment. According to the survey, several premium projects were launched across Golf Course Extension Road and Dwarka Expressway. The market has responded well to the projects undertaken by developers with proven execution capabilities and track records.
With the improved infrastructure and premium projects, Delhi-NCR has a gamut of residential properties that are highly lucrative for the end-users. The developers are offloading the unsold inventories with attractive discounts and payment plans. A lot of budget-friendly homes are being developed in the emerging locations of Delhi-NCR like the Greater Noida.
The survey underlined the improved market sentiments are a clear indicator of increased demand and improved buyer confidence in real estate. Thanks to highly lucrative payment plans, low-interest rates in home loans, and government incentives for various projects (like affordable housing) for making this happen, mentioned the survey.