Delhi NCR trend in quarter three 2014- Launch of new housing projects.

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Neha Srivastava, Delhi-NCR

8th January 2015

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Replies (3)

Hi ,
As per different sources, in July-September, the Delhi NCR saw the launch of only 4,500 units which is less than half of what was seen in same period in 2013. A lot has happened in the Indian economy in past few months. Developers have been facing delay in approval and clearances, which could be a possible reason behind this slowdown.

Ayesha, Delhi-NCR

8th January 2015

Comment

Hi All,

As per my knowledge, as the Delhi NCR saw 54% decline in new housing projects, it has gradually caused a drop in the economy. Delay in getting approvals for projects, unavailability of land due to the tough land acquisition law and a slackening demand for housing from investors and end buyers has caused this dip. One major factor that is dissuading developers from launching new projects is the crunch in liquidity that they are facing due to the guarded approach of banks; this has also increased their construction cost.

Ankita, Delhi

9th January 2015

Hi ,

In my point of view, some of the factors that have majorly hampered the work of developers in the NCR are low market sentiments, unavailability of land due to the tough land acquisition law, and delay in clearances. Developers are also looking at clearing existing projects that they have in the wake of significant unsold inventory, waiting for demand to get the desired push in order to start new projects.

Kajal, Delhi-NCR

9th January 2015

@ Neha,

As per my knowledge, the priority here is to reinvigorate demand. Suggesting a way out . A demand for encouraging policy or slight dip in interest rates can boost realty in Delhi-NCR region in future and then we could see new launches happening.

lekshmi.sanjeev@ymail.com, Delhi

10th January 2015

Hi Guys,

In my point of view, it is true that developers are facing major obstacles in coming up with a new residential projects. Land purchase has become a tedious and expensive process with long-drawn procedures involving government permissions and approvals.

N.Mathur, Delhi-NCR

8th January 2015

Comment

@ Neha,
According to me options which are available for cheap finance for developers are limited and again the process is burdensome. With the overall slow down in the economy and frequent fluctuation, majorly negative, of Indian currency in global market, the cost of delivering a residential project has gone up considerably.

Arpit, Delhi-NCR

8th January 2015

Hi Neha,
As per my knowledge, during the third quarter of 2014, launch of new housing projects in the Delhi NCR saw a decline by 54%. The Delhi NCR, Mumbai, Chennai, Kolkata, Pune, Hyderabad, Ahmedabad, and Bangalore saw the launch of 43,800 housing units in the past year.

Shailja, Delhi-NCR

8th January 2015

Comment

@Neha,

According to me, the sharpest decline in launches was recorded in the affordable segment, which declined by 52% in Quarter 3, 2014 as against Quarter 3, 2013, while the Delhi NCR saw a dip of 54% in the same period. Real estate experts and developers speak about the possible reasons behind this dip.

Preeti Kher, Delhi-NCR

8th January 2015