“THE RESIDENTIAL MARKET IN THE NCR REFLECTED A BALANCE BETWEEN DEMAND AND SUPPLY IN 2010, AS BUYERS WERE BEING OFFERED HOUSING PROJECTS THAT MATCHED THEIR PRICE PREFERENCE AND ALSO PROVIDED THEM WITH BASIC ESSENTIAL AMENITIES”
Year 2010 started on a favorable note for the NCR’s residential segment. The Indian economy was showing positive signs of growth with the government projecting a healthy GDP growth rate for FY11. Job market had stabilized and consumer confidence was increasing. The improvement witnessed in the Indian economy also had its impact on the NCR’s real estate sector. Housing inquiries began converting into actual sales due to the increment of both investors
and end user demand. Also, developers across NCR realized the sizeable demand present in the mid-segment housing and started launching projects in the affordable price bracket.
Overall, the residential market in the NCR reflected a balance between demand and supply in 2010, as buyers were being offered housing projects that matched their price preference and also provided them with basic essential amenities.
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