As per reports, about 60 per cent of the applications are for residential project. Thus, the supply of housing units is slated to go up in the near future in the part of the National Capital Region, where the market is in its correction mode at present. Says Narinder Sahni of Sahni Properties in Gurgaon.” The supply of housing units will no doubt increase in the next 12 to 24 months in Gurgaon belt as several developers are coming up with residential projects. However, this would create an ideal situation for budget buyers, as prices are bound to decline due to excessive competition.
The middle class look for what to owing their dream homes-effect that was ignored by developers up till now.”
Saturday, January 19, 2008
RESIDENTIAL SURGE
As per reports, about 60 per cent of the applications are for residential project. Thus, the supply of housing units is slated to go up in the near future in the part of the National Capital Region, where the market is in its correction mode at present. Says Narinder Sahni of Sahni Properties in Gurgaon.” The supply of housing units will no doubt increase in the next 12 to 24 months in Gurgaon belt as several developers are coming up with residential projects. However, this would create an ideal situation for budget buyers, as prices are bound to decline due to excessive competition.
The middle class look for what to owing their dream homes-effect that was ignored by developers up till now.”
The middle class look for what to owing their dream homes-effect that was ignored by developers up till now.”
HOUSING FOR ALL
A number of residential project by private developers are
expected to come Up in the new financial year
With the demand for good housing in Gurgaon maintaining its graph, the coming year will witness a horde of residential project coming up in the area, which may create a condition of over-supply.Apart from the numerous projects, which are under construction in the city, Haryana’s town and country planning department recently received more than 400 applications for the approval of licenses from private sector developers. The licenses are for developing apartments, and group housing societies as per the provisions in the Gurgan-Manesar master plan 2021.
expected to come Up in the new financial year
With the demand for good housing in Gurgaon maintaining its graph, the coming year will witness a horde of residential project coming up in the area, which may create a condition of over-supply.Apart from the numerous projects, which are under construction in the city, Haryana’s town and country planning department recently received more than 400 applications for the approval of licenses from private sector developers. The licenses are for developing apartments, and group housing societies as per the provisions in the Gurgan-Manesar master plan 2021.
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