Real Estate Market of Delhi NCR in 2020 2020 has been a challenging year for all sectors of industries and the economy. And the real estate sector was no exception. While the first two quarters of the year witnessed a major decrease in demand, recovery of the property market was seen from the third quarter onward. The real estate market of Gurgaon saw a significant upsurge in demand as compared to other regions in Delhi NCR. Also, the new commercial projects in Gurgaon resulted in better sales.
Golf Course Extension Road was the prime gainer in the third quarter of 2020. It was closely followed by Dwarka Expressway and New Gurgaon. Other than this, it was witnessed that homebuyers were primarily interested in ready-to-move housing units which cover more than 80 percent of the property market of New Gurgaon.
Also, the demand for property by Non-Resident Indians (NRIs) increases significantly during this period. Some of the premium housing societies on Golf Course Road and Golf Course Extension Road gained a lot of interest and enquiries from NRIs.
Gurgaon seems to be one of the first few cities in Delhi NCR that has shown signs of recovery this year and is bound to perform even better in the coming time. We hope that this information will help you get an idea of the real estate market of Delhi NCR in 2020.
Company Profile Advance India Projects Limited (AIPL) is a leading development company, offering a wide range of residential, commercial, and retail properties in selected locations across Delhi (NCR), Punjab, Rajasthan, and Maharashtra. It has developed, managed, and pioneered various commercial spaces for a number of multi-national companies and Indian corporates.
AIPL Registered Office- The Masterpiece, Golf Course Roa d, Sector – 54, Gurugram – 122 002, Haryana Tel: +91 - 92111 60000 Fax: +91 - 92111 80000
Email: connect@aipl.com