+
Housing Supply in NCR Jumps 44% to 53,000 Units
Real Estate

Housing Supply in NCR Jumps 44% to 53,000 Units

The Delhi-NCR housing market saw a 44% increase in new supply this year, reaching 53,000 units, with almost 60% of the new launches being ultra-luxury homes priced over Rs 2.5 crore, according to Anarock. In 2023, 36,735 residential units were launched in the region.

Anarock’s data covers the primary housing market for 2024 in seven major cities: Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai, Hyderabad, and Kolkata. The increase in Delhi-NCR’s supply is noteworthy, as it contrasts with a 7% decline in launches across all seven cities compared to 2023.

Despite the rise in supply, housing sales in Delhi-NCR fell by 6% in 2024 to 61,900 units. Nationally, sales also saw a slight 4% drop to 459,650 units, down from 476,530 units in 2023. Anarock Chairman Anuj Puri attributed the slowdown to factors such as election uncertainty and delays in project approvals.

However, the sales value grew by 16%, driven by rising average prices and larger unit sizes, which offset the decrease in volume.

The Delhi-NCR housing market saw a 44% increase in new supply this year, reaching 53,000 units, with almost 60% of the new launches being ultra-luxury homes priced over Rs 2.5 crore, according to Anarock. In 2023, 36,735 residential units were launched in the region. Anarock’s data covers the primary housing market for 2024 in seven major cities: Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai, Hyderabad, and Kolkata. The increase in Delhi-NCR’s supply is noteworthy, as it contrasts with a 7% decline in launches across all seven cities compared to 2023. Despite the rise in supply, housing sales in Delhi-NCR fell by 6% in 2024 to 61,900 units. Nationally, sales also saw a slight 4% drop to 459,650 units, down from 476,530 units in 2023. Anarock Chairman Anuj Puri attributed the slowdown to factors such as election uncertainty and delays in project approvals. However, the sales value grew by 16%, driven by rising average prices and larger unit sizes, which offset the decrease in volume.

Next Story
Infrastructure Energy

L&T to Build India’s Largest Green Hydrogen Plant for IOCL

The plant will be developed on a build-own-operate (BOO) model and will supply 10,000 tonnes of green hydrogen annually to IOCL for a period of 25 years. It will operate entirely on renewable energy, aligning with IOCL’s decarbonisation goals and India’s broader net-zero ambitions.Green hydrogen at the plant will be produced using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s facility in Hazira, Gujarat. This initiative further showcases L&T’s commitment to localised, self-reliant clean-tech solutions under the Aatmanirbhar Bharat mission.LTEG’s..

Next Story
Infrastructure Urban

Bansal Wire Q1 Profit Rises 24.6% to Rs 393 Mn

Bansal Wire Industries, India’s largest stainless steel wire manufacturer and second-largest steel wire maker by volume, reported a 24.6 per cent year-on-year rise in net profit to Rs 393 million for the quarter ended June 30, 2025 (Q1 FY26).During the quarter, revenue rose 14.9 per cent YoY to Rs 9,390 million, while EBITDA increased by 19.6 per cent YoY to Rs 745 million, reflecting the company's strong operational performance and focus on value-added segments.According to Pranav Bansal, MD & CEO of Bansal Wire Industries, the company has started FY26 on a strong note, building on the ..

Next Story
Infrastructure Urban

Lemon Tree Opens Keys Lite Hotel in Banswara, Rajasthan

Lemon Tree Hotels has launched its latest property, Keys Lite by Lemon Tree Hotels, Banswara, further expanding its footprint in Rajasthan. This marks the group’s 11th operational hotel in the state and continues its focus on providing quality stays in emerging travel destinations.The newly launched managed hotel features 54 well-appointed rooms, a multi-cuisine restaurant – Keys Café, a fitness centre, and spacious banquet and conference facilities, catering to both leisure and business travellers.Located in southern Rajasthan, Banswara is known as the “City of Hundred Islands” for t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?