Residential Transaction In Gurugram Increased By 10%

Rapid growth of the Dwarka Expressway, increased availability of RTM homes, and the involvement of reputable builders boosted inquiries. Dwarka Expressway, 99acres.com, Residential transacti

BY Realty Plus
Published - Tuesday, 27 Apr, 2021

Residential Transaction In Gurugram Increased By 10%

Rapid growth of the Dwarka Expressway, increased availability of RTM homes, and the involvement of reputable builders boosted inquiries. Dwarka Expressway, 99acres.com, Residential transactions in Gurugram, Gurgaon real estate, High job potential, Pawan Sharma, PropTiger.com, NCR, Noida, Pradeep Aggarwal, Signature Global Group, ASSOCHAM, Gurugram-Manesar-Bawal Metro Project, Delhi-Alwar Regional Rapid Transit System (RRTS), Nagaraju Routhu, Hero Realty, Khekri Daula Toll Plaza, Vikas Garg, MRG World on 24 April. According to a recent study by 99acres.com, residential transactions in Gurugram increased by more than 10% due to spillover demand from the previous quarter and developers' flexible payment schemes. Due to the limited number of new home buyers in the market, residential enquiries in Gurgaon fell by about 15% QoQ in January-March 2021. According to the Proptiger.com data, the city saw the launch of 448 units in Rs 3-5 crore, nine units above Rs 7 crore, and 300 launches in Rs 1-3 crore. In 2020, Gurugram was the only city among the trio cities of NCR (Gurugram, Noida, Greater Noida), which has launched projects in Rs 3-5 crore and above Rs 7 crore. The data also revealed that maximum launches in the last four years were in Rs 1-3 crore with Gurugram having 5992 units, which is way higher than other areas of NCR. The rapid growth of the Dwarka expressway, increased availability of ready houses, and the involvement of reputable builders, according to 99acres.com, boosted inquiries in residential Sectors 102-115 along the stretch. Housing plots were also in demand, but resale homes priced between Rs 1 crore and Rs 1.5 crore drew nearly 60% of the demand in Gurugram. The report says, Because of the news about the removal of the Khekri Daula Toll Plaza, ample residential options, and proximity to the Southern Peripheral Road and NH-8, New Gurgaon and Golf Course Road Extension remained prominent. Residential apartments in the areas were marketed at around Rs 7,000-11,000 per sq ft on average.