Category: Gurgaon Update Page 3 of 10

Unitech to deliver Gurgaon’s South City-II flats in four months

Buyers who had booked independent floors in South City-II, developed by Unitech, are likely to get their homes delivered in four months, after years of waiting. Following a complaint filed with the Haryana government’s Allottees Grievance Redressal Forum (AGRF), the developer has agreed to complete the remaining work within four months and hand over possession to buyers. The development is a big relief to scores of people who have made most of the payment, but are yet to get possession. Average cost of the independent floors, at the time of booking in 2010, was above Rs 1 crore, and most buyers have already made 80-90% of the payment.

Housing demand at 4.2 million in top 8 cities in five years

Total demand for urban housing is estimated at 4.2 million units during the period 2016-2020 across the top eight cities, according to a report. Existing under-construction and planned supply of 1.0 million housing units by private developers is expected to be delivered across top eight cities during the said period, said the report released by Cushman & Wakefield and GRI. Delhi-NCR (NCT, Ghaziabad, Faridabad, Gurgaon and Noida) continues to garner the highest proportion of demand of 24 per cent at around 1 million units by the end of 2020, said the report titled “Revitalising Indian Real Estate:   A new era of growth & investment”.Image result for real estate future demand graphs india

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