Housing sales in Delhi-NCR dip 17% in Jan-Mar amid West Asia war: Report
Housing sales in Delhi-NCR declined 17% in the January-March period due to negative sentiments from the West Asia conflict. Despite this, sales increased 44% annually, with 15,985 units sold during the quarter.
Housing sales in Delhi-NCR decreased 17% to 15,985 units in the January-March period. This decline is attributed to the West Asia conflict, which affected buying sentiments. However, sales rose 44% annually, indicating strong long-term fundamentals in India's residential segment. The Delhi-NCR market continues to demonstrate resilient demand, with growth concentrated in select micro-markets and product categories. Homebuyers are becoming increasingly discerning, seeking developments with location, quality, and experience. The NCR property market is likely to move away from speculative activities, with Noida and Greater Noida showing great potential for growth.
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