In residential sector this year there was a price correction of 15 t0 20 % in the market across the country due to which this sector is going to witness the residential supply over next 12 to 15 months in the Mumbai and Gurgaon Market. The over supply of residences will also lead to corrections in the rentals and the rentals will go down for upto next 1 year. The developers are giving 25% to 30% discount on the current market rates in Gurgaon(NCR). According to the sources,in Gurgaon market there has been good sale of apartments in the last one month. There is no over supply of residences as far as Gurgaon market goes.
