Independent floors’ supply up in Gurugram, Faridabad

New Delhi, November 3

Real estate developers have launched 4,500 independent floors during the January-September 2021 period in Gurugram and Faridabad, about 40 per cent of the new housing supply in these two cities, to meet rise in demand of such properties during the COVID-19 pandemic, according to property consultant Anarock.

Over 20,000 independent floor flats are expected to be launched in both the cities in the next one year, it estimated. “Approximately, 10,970 units across different property types have been launched in Gurugram and Faridabad between January to September 2021, of which 4,500 units are independent floor units,” said Santhosh Kumar, Vice Chairman, Anarock.

Between 2006 and 2010, nearly 21,300 independent floor units were launched in these two cities. However, supply dropped to about 10,000 units between 2011-2015 and just 2,990 units during 2016-2020. — PTI