<p>New Delhi: Housing sales in Gurugram rose by 13 per cent annually in 2023 on high demand, especially for luxury flats, but Noida and Greater Noida saw a 7-8 per cent fall, according to Anarock data on the Delhi NCR market.</p>.<p>Real estate consultant Anarock's data showed that sales of residential properties in Gurugram went up 13 per cent to 36,970 in 2023 from 32,615 units in the previous year.</p>.Real estate space sizzles with surging demand, soaring sales; rush for properties to continue in 2024.<p>However, sales in Noida fell 8 per cent to 5,840 units from 6,360 units. Greater Noida saw a 7 per cent drop in sales to 10,180 units from 10,985 units. Ghaziabad, too, witnessed a fall of 8 per cent to 6,340 units from 6,890 units.</p>.<p>The total housing sales in Faridabad, Delhi and Bhiwadi decreased to 6,295 units during 2023 from 6,860 units in the previous year.</p>.<p>Overall, the Delhi-NCR saw only a marginal growth of 3 per cent in housing sales to 65,625 units during 2023 from 63,710 units in the previous year.</p>.Luxury housing supply hits 5-year quarterly high in Q2 FY2024: Anarock.<p>Anarock Group Regional Director & Head of Research Prashant Thakur said, "Apart from Gurugram, sales have fallen in other parts of NCR because of the lesser launch of new housing projects." </p><p>Realty firms Signature Global, TARC Ltd and Elan Group attributed the rise in sales in Gurugram to strong consumer sentiment and the development of various infrastructure projects.</p>.<p>Pradeep Aggarwal, founder and chairman of Signature Global, said, "Gurugram's real estate market is witnessing a surge in demand for the mid-income and luxury homes, driven by young professionals and nuclear families seeking an aspirational and convenient lifestyle."</p>.<p>Hotspot zones like New Gurugram, Dwarka Expressway and the Southern Peripheral Road are drawing huge buyer interest, fueling double-digit capital value jumps, he added.</p>.<p>Amar Sarin MD and CEO of TARC Ltd said, "Delhi NCR's real estate landscape, especially Gurugram, is witnessing a renaissance, defying market challenges and illustrating robust demand."</p>.<p>Ravish Kapoor, Managing Director of Elan Group, noted that "within the NCR region, Gurugram stood out as the prime destination, bolstered by burgeoning infrastructure." </p><p>Dwarka Expressway, within the city, emerged as the most promising micro-market for the residential sector, Kapoor added. </p>
<p>New Delhi: Housing sales in Gurugram rose by 13 per cent annually in 2023 on high demand, especially for luxury flats, but Noida and Greater Noida saw a 7-8 per cent fall, according to Anarock data on the Delhi NCR market.</p>.<p>Real estate consultant Anarock's data showed that sales of residential properties in Gurugram went up 13 per cent to 36,970 in 2023 from 32,615 units in the previous year.</p>.Real estate space sizzles with surging demand, soaring sales; rush for properties to continue in 2024.<p>However, sales in Noida fell 8 per cent to 5,840 units from 6,360 units. Greater Noida saw a 7 per cent drop in sales to 10,180 units from 10,985 units. Ghaziabad, too, witnessed a fall of 8 per cent to 6,340 units from 6,890 units.</p>.<p>The total housing sales in Faridabad, Delhi and Bhiwadi decreased to 6,295 units during 2023 from 6,860 units in the previous year.</p>.<p>Overall, the Delhi-NCR saw only a marginal growth of 3 per cent in housing sales to 65,625 units during 2023 from 63,710 units in the previous year.</p>.Luxury housing supply hits 5-year quarterly high in Q2 FY2024: Anarock.<p>Anarock Group Regional Director & Head of Research Prashant Thakur said, "Apart from Gurugram, sales have fallen in other parts of NCR because of the lesser launch of new housing projects." </p><p>Realty firms Signature Global, TARC Ltd and Elan Group attributed the rise in sales in Gurugram to strong consumer sentiment and the development of various infrastructure projects.</p>.<p>Pradeep Aggarwal, founder and chairman of Signature Global, said, "Gurugram's real estate market is witnessing a surge in demand for the mid-income and luxury homes, driven by young professionals and nuclear families seeking an aspirational and convenient lifestyle."</p>.<p>Hotspot zones like New Gurugram, Dwarka Expressway and the Southern Peripheral Road are drawing huge buyer interest, fueling double-digit capital value jumps, he added.</p>.<p>Amar Sarin MD and CEO of TARC Ltd said, "Delhi NCR's real estate landscape, especially Gurugram, is witnessing a renaissance, defying market challenges and illustrating robust demand."</p>.<p>Ravish Kapoor, Managing Director of Elan Group, noted that "within the NCR region, Gurugram stood out as the prime destination, bolstered by burgeoning infrastructure." </p><p>Dwarka Expressway, within the city, emerged as the most promising micro-market for the residential sector, Kapoor added. </p>