Property prices in the premium and mid-end categories remain stable in some locations across Delhi NCR while new launches decline
From page 01 The Delhi National Capital Region (NCR) saw a decline in housing sales in the premium/luxury as well as highend/mid-end categories during the first six months of the year. New residential launches also remained low during the period, accounting for about 20% of the overall supply of fresh property launches across leading cities in the first half of the year.
The decline in new launches was primarily due to an increase in unsold inventory, forcing developers to restrict new launch activity. Capital values across micro-markets remained stable, while select locations saw a price decline during the first half of 2015.
Delhi did not witness any housing launches during the first half of the year, since homebuyer interest was largely focused upon the cost effective suburban markets of Gurgaon…
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