Delhi-NCR Witnesses Supply of 3,614 Housing Units in January-March 2024, Gurugram Dominates: Report
Delhi-NCR witnessed new supply of 3,614 residential units in the first quarter of 2024. Since 2023 proved to be an exceptional year, setting a high bar, Q1 2024 witnessed a 30 per cent decrease in launches from the preceding quarter and a 54 per cent drop on a y-o-y basis, according to a report by Cushman & Wakefield.However, over the eight quarters of 2021-22, the region typically saw an average of 2,200 units per quarter, which makes Q1 2024’s figure 62 per cent higher than the average.Gurugram dominated supply with 44 per cent share primarily concentrated along the Southern Periphery Road (SPR), Golf Course Extension road, and NH8.Emergence of SPR as Gurgaon’s Coveted Realty HubIn the bustling cityscape of Gurgaon, the Southern Peripheral Road (SPR) stands out as the epitome of rea...