NCR housing demand tanks 43% in 2014 while Gurgaon fell by 40%.

Mritunjoy Deb,

29th January 2015

Real estate News in Delhi

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Even the new launches dropped by 28% across top six cities with Mumbai recording the highest at 43% in 2014.

Sishir,

29th January 2015

Comment

Unreasonable pricing in many micro markets, high mortgage rates, dampened sentiments due to poor job and compensation growth and delay in project completions were some of the factors affecting the demand last year across the country.

Aneek Das,

29th January 2015

Comment

A total of 40575 units were sold in NCR last year, as against 71421 units in 2013, while new launches saw 24% drop from 95768 units in 2013 to 73143 units last year. Around 7900 units were sold in Gurgaon last year, compared with 13200 units in 2013.

Sishir,

29th January 2015

Comment

In top 6 properties markets, sales volume fell 17% to 234930 units in 2014 from 284550 in 2013. Mumbai also registered 9% on-year drop in sales at 67715 units sold in 2014.

Aneek Das,

29th January 2015

Comment

National Capital Region witnessed the worst housing demand in a decade with sales volume declining by 43% and Gurgaon fell most by 40%, the worst ever in the region's history.

Sishir,

29th January 2015

Comment