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.
As has been the case in the past, the larger cities of Mumbai and NCR-Delhi recorded healthy absorption of residential units during 2012, with a 60% contribution to the overall absorption. Chennai and Pune were among the other two cities that increased their share of absorption during 2012 to 26% from the 23% recorded a year ago.
The scripting of what was once seen as a vibrant new chapter in the Indian economy has lost much of its powers to enthrall because of the number of inconsistencies in the story-line
Colin Dyer, Global CEO – Jones Lang LaSalle recently spent a week in India to meet up with key clients and review the company’s operations. The following are his real-time observations on the Indian real estate market
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.