Delhi-NCR housing market sales fall 19% in Apr-Jun

05 Jul 2022 CW Team

Housing sales in Delhi-NCR fell 19% to 15,340 units in April-June compared to the previous quarter on lower demand due to a rise in property prices as well as mortgage rates, according to Anarock data. In January-March 2022, housing sales stood at 18,835 units across NCR.

According to data compiled by Anarock, one of the leading real estate consultants in India, the new launches or supply declined 56% in Delhi-NCR to 4,070 units in April-June from 9,300 units in the previous quarter.

The unsold housing stocks declined 7% in Delhi-NCR to 1,41,235 units at the end of the June quarter from 1,51,500 units as of March 31, 2022. Giving a breakup of the Delhi-NCR data, Anarock said that housing sales in Gurugram fell to 7,580 units from 8,850 units. New launches dipped to 2,830 units from 7,890 units.

In Noida, housing sales declined to 1,650 units in April-June 2022 from 2,045 units in the previous quarter. There were no new launches in the city in the June quarter as against 270 units in the previous quarter. Housing sales in Greater Noida fell to 2,750 units from 3,450 units, while new launches rose to 390 units in April-June from nil in the previous quarter.

In Ghaziabad, housing sales declined to 1,650 units in April-June from 2,080 in the previous quarter but new launches rose to 740 units from 220 units. Housing sales in Faridabad, Delhi and Bhiwadi combined fell to 1,710 units during April-June 2022 from 2,410 units in the previous quarter. New launches were down to 110 units from 920 units.

Out of the total unsold inventory in Delhi-NCR, Gurugram currently has the maximum stock of around 59,120 units, a 7% decline from the March quarter.

Technology

10 Nov 2025

Red Hat Launches EU-Based Support to Boost Digital Sovereignty

Red Hat, the global leader in enterprise open source solutions, has announced Red Hat Confirmed Sovereign Support for the 27 European Union member states. The initiative aims to strengthen digital sovereignty by offering dedicated, EU-citizen-driven technical support within the EU region. This new service provides verifiable local control over IT operations, addressing Europe’s growing need for compliance, transparency, and operational autonomy. European businesses increasingly view digital sovereignty as vital for economic resilience, AI innovation, and secure data governance amid global g..

Afreximbank Funds $36.4 Million Stadium Project in Uganda

The African Export–Import Bank (Afreximbank) has extended a $36.4-million contract financing facility to Egypt’s SAMCO–National Construction Company (SAMCO) for the construction of the Akii Bua Olympic Stadium in Lira, Uganda. The project is part of Uganda’s preparations to co-host the 2027 Africa Cup of Nations (AFCON) alongside Kenya and Tanzania. The funding was granted under Afreximbank’s Engineering, Procurement and Construction (EPC) programme, which supports African contractors undertaking large-scale infrastructure projects across the continent. Signed in Cairo, the agreeme..

BirlaNu Acquires Clean Coats to Boost Construction Chemicals Portfolio

BirlaNu, part of the multi-billion-dollar CKA Birla Group, has announced the acquisition of Clean Coats Private for approximately Rs 1.2 billion, marking a major step in expanding its construction chemicals and high-performance coatings business. Founded in 1999, Clean Coats is a pioneer in specialty coatings, offering epoxy and polyurethane coatings, waterproofing systems, anti-corrosion linings, and food-grade protective solutions. The company serves industrial, oil & gas, and water management sectors across India and in more than 27 countries. Backed by a strong R&D and application develop..