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

29 Sep 2021 CW Team

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

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..