New Delhi: Housing projects worth more than Rs 1 lakh crore can start in Delhi-NCR this festive season. Many developers had postponed the launch of housing projects due to Haryana elections. Now the elections are over and a new government has been formed. In such a situation, many developers can launch their housing projects around Diwali. According to the Economic Times, listed developers like DLF, Signature Global, TARC and Max Estates have started large-scale projects in Gurugram. M3M, Smartworld, Trident Group, Central Park, Paras, County Group, Gaur Group, BPTP and Adani Realty, among others, are also in the process of launching new housing projects in Noida and Gurugram.
This area has become the top realty hot spot for home buyers in Delhi NCR, that is why…
Demand for houses will increase this year
According to experts, the demand for houses will increase this year. According to Akash Ohri, Joint Managing Director and Chief Business Officer of DLF Homes, there will be a significant increase in demand for houses this year. There will also be an increase in demand for luxury housing projects.
DLF is starting an ultra luxury project worth Rs 34 thousand crore. This is almost 2.5 times the value of the Camellias project in Gurugram or any other realty project in India. The initial size of the apartments will be 9500 square feet. According to PropEquity, DLF has had a market share of 25% in the ultra luxury segment (properties priced above Rs 25 crore) in the last five years.
Demand is increasing here in Gurugram
Vivek Singhal, CEO of Smartworld Developers, said that Gurugram real estate market is in demand than before. There is a lot of demand for luxury homes in areas like Golf Course Extension Road and Dwarka Expressway.
These cities of NCR are also no less
Apart from Gurugram, there is a lot of demand for property in Noida and Ghaziabad of NCR. Gaur Group has sold 1200 luxury apartments worth Rs 3000 crore in Ghaziabad. Many housing projects are going to be launched for sale in Noida also. Sales of many have also started.
Luxury houses in high demand
There has been a significant increase in the sales of luxury homes in India in the first nine months of the year 2024. According to a CBRE report, sales of high-end homes priced at Rs 4 crore and above have increased by 37.8 per cent year-on-year. The highest sales of such luxury houses have taken place in Delhi-NCR, Mumbai and Hyderabad.