Gurugram: During a pandemic, if the home buyer looks for more space, home office and outdoor living room, luxury developers are being delivered.
According to the latest report by Anarock Real Estate consultant, the builder in Delhi-NCR has increased the supply of luxury homes from 9% last year to 17% in 2021 so far.
While Noida contributed to the maximum new luxury shares (73%) in the first half of this year, Gurugram followed with 22% of the shares and greater noida with a 5% share.
Other NCR cities, including Delhi, Ghaziabad, Faridabad and Bhiwadi, did not see the launch of new luxury housing in this period.
According to the report, from 10,570 units launched in the NCR in the first half of 2021, at least 17% (1,800 units) are in the luxurious and ultra-luxury segment.
In particular, the property at more than RS 1.5 Cr has been considered in the luxury category.
Santhosh Kumar, Deputy Chair of Anarock, said that between 2018 and June 2021, around 11,300 new luxury units were launched throughout the NCR.
Seami in the Y-O-Y trend revealed that the share of new luxury supply was the lowest in 2020, he said.
He added that the share of new Luxury NCR supplies was the lowest in 2020 – at 9% of all new launches in the region; 14% in 2018 and 12% in 2019.
President of the National Real Estate Development Council (NAREDCO) and SuperTech Group Chairman RK Arora said requests in several luxury projects, including Supernova in Noida, had risen after the second wave of pandemic.
He said, according to rough estimates, demand in Luxury Noida projects passed 20 to 25%.
“From 26,010 units launched in 2018 in NCR, around 14% are in the luxurious and ultra-luxury segments combined.
This, Gurugram contributed 42% highest shares, followed by Greater Noida with 36% and Delhi with 18%.
In 2019, 35,280 units Launched throughout the region, luxury housing has a 12% stake.
Of the total new luxury supply, Gurugram has 63% of the shares, followed by Greater Noida with 15%, Noida with 13% and Delhi with 9%, “claiming reports.
Last year, around 18,530 units were launched in NCR, where the luxury segment consisted of only 9% of the shares.
This luxury supply, Gurugram accounted for 63% while Ghaziabad and Noida each contributed 17% and 16%.