NCR Housing Market Sees Resurgence in Q2 2019
In comparison to other major markets, NCR’s real estate sector was quite active in Q2 2019 with new launches increasing by a whopping 69% in the quarter against the previous one. New housing launches stood at 13,570 units in Q2 2019 against 8,030 units in Q1 2019.
“Housing absorption across the main cities saw a quarterly decline – however, NCR saw the least decline in absorption numbers at about 8%. Housing sales in all cities within NCR collectively stood at 12,640 units in Q2 2019 against 13,740 units Q1 2019.
All in all, the NCR real estate market is gradually seeing increased traction. The sops offered by the government in the Budget may further help the market to pick up momentum in the remaining quarters of 2019.” Anuj Puri, Chairman – ANAROCK Property Consultants.