Left Menu
Development News Edition

Housing prices in Gurugram down 4 pc in last one year; Noida sees marginal rise: PropTiger

Housing prices in Gurugram down 4 pc in last one year; Noida sees marginal rise: PropTiger

Housing prices in Gurugram and adjoining areas have dropped 4 per cent in the last one year, while Noida and Greater Noida saw one per cent increase, according to brokerage firm PropTiger. The weighted average basic selling price (BSP) in Gurugram declined to Rs 4,868 per sq ft in July-September period from Rs 5,055 per sq ft a year ago, News Corp-backed PropTiger said in its report Real Insight.

Gurugram area includes Bhiwadi, Sohna and Dharuhera. However, rates in Noida (including Greater Noida and Yamuna Expressway) rose marginally to Rs 3,921 per sq ft from Rs 3,886 per sq ft during the period under review.

As per the report, the combined housing sales in both Gurugram and Noida regions fell 47 per cent during the July-September period to 5,569 units. Sales in Gurugram fell by 31 per cent to 2,742 units in July-September this year from 3,988 in the corresponding period of last year, while demand plunged by 57 per cent to 2,827 units from 6,528 units.

In new supply, Gurugram saw an increase of 27 per cent to 2,353 units from 1,851 units, but Noida witnessed fall of 55 per cent to 736 units only from 1,647 units. As on September 30, 2019, builders in the two cities had an unsold stock of 1,06,317 units as against 1,15,598 units a year ago.

In its report, PropTiger tracks sales, launches, prices in residential markets of nine cities - Mumbai Metropolitan Region (including Navi Mumbai and Thane), Pune, Noida (including Greater Noida and Yamuna Expressway), Gurugram (including Bhiwadi, Dharuhera and Sohna), Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad. PropTiger.com is part of Elara Technologies that also owns Housing.com and Makaan.com.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

How to avoid fake universities and fishing bait like Farmington

As education sharks are roaming around to prey, we present a guide on how to mitigate hunters and reach to a genuine universityinstitute. In this era of commercialization of education, the fake universities and economic frauds in educationa...


Latest News

Bloomberg on his Democratic rivals: 'Trump will eat 'em up'

Democratic presidential contender Michael Bloomberg said on Friday that Donald Trump would easily defeat any of his Democratic White House rivals in next years election, bluntly declaring Donald Trump would eat em up.Bloomberg, 77, a billio...

'Mega fire' forms north of Sydney

Several Australian bushfires have combined to form a mega-fire that is burning out of control across a swathe of land north of Sydney, authorities said Friday, warning they cannot contain the blaze. New South Wales Rural Fire Service deputy...

Industry pledges full support to Punjab govt

Leading industrialists on Friday pledged full support to the Punjab government to make it a frontrunner on the countrys industrial map. They also urged Punjab Chief Minister Amarinder Singh to put growth in textile and garments, agro and fo...

Auto sector slowdown affecting GST compensation cess kitty:Sushil Modi

Bihar Deputy Chief Minister Sushil Modi on Friday said the slowdown in the automobile sector has adversely impacted the GST compensation cess fund as sufficient money is not coming into the kitty. The fund is used to compensate the states f...

Give Feedback