Gurgaon Property Supply Absorption

Launch activity has picked up meaningfully in Gurgaon over the last 2-3 months and the trend should continue. Key launches in the pipeline include – DLF’s luxury launches around the Golf Course (5msf+), IBREL’s launch on the Dwarka Expressway, and additional launches by GPL. Absorption trends have also been improved as evinced in good response to recent launches (Sobha/GPL/DLF/Tata Housing’s projects). Pricing in the market has remained strong especially in New Gurgaon market. Recent launch by DLF in the micro market has been done at Rs10K psf levels (Ultima). Months of unsold inventory has come down to 10 months vs. 13months in Sep-Q with the pick up in absorption. Gurgoan market is expected to see large deliveries in CY13.

Gurgaon Supply and Absorption Chart as shown below