50,000 affordable houses would be on offer in NCR: Anarock
Real Estate

50,000 affordable houses would be on offer in NCR: Anarock

Data from property consultant Anarock and other industry experts reveal that aaround 50,000 affordable houses including 16,000 in Gurgaon would be up for sale by the end of 2021.

NCR’s affordable real estate market appears to be making an impressive rebound, despite the general gloom triggered by the pandemic.

Around 1.8 lakh affordable houses (below Rs 40 lakh) are currently at different stages of development in NCR. As many as 110 affordable housing licences have been released by the department of town and country planning (DTCP) in Haryana since 2014, with a significant share in Sohna and Gurgaon.

Industry experts say that with markets opening up and business coming back to the track, the residential realty market seems to be coming back to normal.

Anarock Chairman Anuj Puri told the media that 1.16 residential real estate units are scheduled for completion in 2021 in NCR. Of these, at least 43% are in the affordable section, 39% in the mid-segment, 13% in the premium section and 5% in the luxury section.

Fast-paced development in places like Cyber City and MG Road produced a ripple effect that accelerated development to new areas like Southern Peripheral Road (SPR), New Gurgaon and Sohna. The state government’s enhanced focus on affordable housing is helping in the growth of these neighbourhoods, where more than 40% of units cost less than Rs 50 lakh.

GLS Group Director, Surinder Singh, told the media that so far only 22,000 affordable housing units have been sold. About 80,000 units were sold in the last seven years. They estimate about 50,000 units are going to be delivered by year-end.

MRG World Deputy Managing Director Vikas Garg said that many people felt that challenges related to revenue generation during the second wave of Covid-19 would damage the housing market, causing consumers to postpone home purchases. But, the affordable and middle-income housing segments are observing a significant movement.

RS Batth, the District town planner, told the media that the department is strictly observing the progress of affordable housing projects. About 10 developers have been served show-cause notices for the delay in the completion of 12 such projects in Gurgaon.

Image Source


Also read: Madhya Pradesh govt announces plots for homeless people

Data from property consultant Anarock and other industry experts reveal that aaround 50,000 affordable houses including 16,000 in Gurgaon would be up for sale by the end of 2021. NCR’s affordable real estate market appears to be making an impressive rebound, despite the general gloom triggered by the pandemic. Around 1.8 lakh affordable houses (below Rs 40 lakh) are currently at different stages of development in NCR. As many as 110 affordable housing licences have been released by the department of town and country planning (DTCP) in Haryana since 2014, with a significant share in Sohna and Gurgaon. Industry experts say that with markets opening up and business coming back to the track, the residential realty market seems to be coming back to normal. Anarock Chairman Anuj Puri told the media that 1.16 residential real estate units are scheduled for completion in 2021 in NCR. Of these, at least 43% are in the affordable section, 39% in the mid-segment, 13% in the premium section and 5% in the luxury section. Fast-paced development in places like Cyber City and MG Road produced a ripple effect that accelerated development to new areas like Southern Peripheral Road (SPR), New Gurgaon and Sohna. The state government’s enhanced focus on affordable housing is helping in the growth of these neighbourhoods, where more than 40% of units cost less than Rs 50 lakh. GLS Group Director, Surinder Singh, told the media that so far only 22,000 affordable housing units have been sold. About 80,000 units were sold in the last seven years. They estimate about 50,000 units are going to be delivered by year-end. MRG World Deputy Managing Director Vikas Garg said that many people felt that challenges related to revenue generation during the second wave of Covid-19 would damage the housing market, causing consumers to postpone home purchases. But, the affordable and middle-income housing segments are observing a significant movement. RS Batth, the District town planner, told the media that the department is strictly observing the progress of affordable housing projects. About 10 developers have been served show-cause notices for the delay in the completion of 12 such projects in Gurgaon. Image SourceAlso read: Madhya Pradesh govt announces plots for homeless people

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?