Gurgaon’s residential market performed decently in 2012, but the performance was not uniform all across. There were high levels of unsold inventory in some of the projects, while many others sold exceedingly well.
Overall, it can be said that the realty market at Noida Extension has actually emerged unscathed out of the whole controversy. This is because the area continues to have unique selling point of location for affordable housing when compared with Noida and Greater Noida.
Over the last 15 years, the face of Delhi real estate has changed visibly. Standalone houses have gradually been giving way to cooperative housing societies, private developer apartments and independent designer floors. In commercial real estate, sprawling business hubs have developed at a fair distance from the traditional city centre, Connaught Place.
Delhi NCR: Grade A Office Real Estate: Leasing activity continued to remain strong in suburban micro-markets of Delhi – NCR, while the CBD and SBD saw moderate activity. CBD witnessed a marginal increase in rent at the back of low availability of leasable space and rents in SBD. Capital values witnessed a marginal increase and Investor activity was limited.
The recent land acquisition events could have been avoided if the Government had given adequate compensation to the farmers while acquiring the land. The recent events serve as an eye opener to all the concerned parties – the Government, the developers and end users.