Faridabad Sees New Launches Of 1,190 Housing Units In Q3 of 2019
New Delhi: The number of new launches of housing property in DelhiNCR's Faridabad market stood at 1,190 units in third quarter (Q3) of 2019. There was no new launch in Faridabad in the same period of 2018, according to a report by ANAROCK Property Consultants.
Another hot real estate market in Delhi NCR-Ghaziabad saw new launches of 880 units in Q3 of 2019, a jump of 22 percent from the same quarter of the previous year.
The sales of residential property in Faridabad stood at mere 350 units in Q3 of 2019, a decline of 23 percent from the same quarter of 2018. In Ghaziabad, sales stood at 1,700 units in Q3 of 2109, a drop of 15 percent from 1,990 units that were sold in the same quarter of 2018.
The unsold stock of residentula property in Faridabad stood at 4,780 units in Q3 of 2018 which has gone up to 6,020 units in Q3 of 2019. Ghaziabad has reduced the unsold stock by 18 percent from 35,790 units in Q3 of 2018 to 29,440 units in Q3 of 2019.