As per the latest report by real estate consultant Anarock, the real estate sector is gaining strength after the second Covid wave, with cities in Delhi-NCR having home sales of 10,220 units as compared to 5,210 units in the third quarter of this year. in the same period of the previous year.
The cities, which include Gurgaon, Noida and Ghaziabad, saw a 96 percent increase in home sales, a 24 percent increase in new launches, and a 3% decrease in unsold inventory. While there were 6,810 launches in these cities in the last third quarter, there were 8,420 launches in the most recent quarter.
While there were 6,810 launches in these cities in the last third quarter, there were 8,420 launches in the most recent quarter.
With a growth of 129 per cent in property sales from 1,680 units sold in Q3 2020 to 3,850 units sold in Q3 2021, Gurgaon leads, followed by Noida with a growth of 116 per cent from 670 units to 1,450 units. Delhi (100 percent), Ghaziabad (84 percent), and Greater Noida are the next cities in the list (58 percent).
Noida witnessed the biggest increase of 415 per cent in new launches with 1,030 launches in this quarter as compared to 200 launches in the same quarter last year. Gurgaon (74%) came second in Q3 2021 with 5,510 releases, as against 3,170 in the previous quarter. Physical incidents have also started happening in the person.
For example, Messe Frankfurt is currently launching a massive trade expo to be held from 18 to 20 November 2021 at the India Exposition Mart Limited in Greater Noida.
Commenting on the resumption of individual exhibitions, Mr. Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holdings Ltd. said, “It is a pleasure to be part of a physical exhibition after such a long time. The return of face-to-face exhibitions is quite a big event as it not only marks the revival of the exhibition industry, but also plays a big role in the development of the supply chain of local businesses and contributes to the overall economic development of India. Through Media Expo New Delhi 2021, Messe Frankfurt aims to provide strong value to the advertising segment by providing an ideal opportunity for product sourcing, networking and knowledge sharing.
Leading LED manufacturing brands are coming to the show floor to showcase their latest innovations in lighting technology.
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