The Delhi NCR region has grown to be one of the most favored real estate destinations of India. Delhi being the capital city has always been a delight for any property buyer or investor. With the city getting crunched for space, the NCR region gained popularity among the developers, buyers and investors alike.
The most sought-after locations in the Delhi NCR region include Gurgaon, Ghaziabad, Faridabad and Noida. Being in the proximity of the national capital, Gurgaon today is considered as one of the major towns of the country and is being termed as the 'Millennium City'. The apartment capital values in places like DLF and Sushant Lok are around Rs 4000-8000 per sq ft and the rentals are Rs 15000-30000 per month (approx). Sohna road commands Rs 4000-5000 per sq ft for a 2 BHK apartment. M.G. Road is another very affluent place in Gurgaon and it houses a number of glitzy malls.
In view of expanding horizons, Gurgaon now extends to Dharuhera, Manesar and Bhiwadi. It is expected that with the coming up Gurgaon-Delhi expressway Dharuhera along with Manesar can be the next NCR suburbs. The active real estate developers in the area include Parsvnath, Omaxe, Dwarkadhis, GTM, and Natraj.
Besides Gurgaon and Noida that are growing on a massive influx of IT industries, Ghaziabad has of late emerged as the residential nucleus of NCR. The city is also gaining popularity owing to its proximity to the Commonwealth Games location. The developers here are largely emphasizing on providing good quality infrastructure. Indirapuram is one such locality in Ghaziabad that has developed tremendously on the back of a strong infrastructure support. According to research reports, property rates in Indirapuram alone have registered a 70 to 80 per cent appreciation in the last one and a half years.
The demand is huge supply is erratic and hence, prices are sky-high in all these areas. Although, the current slowdown phase has put a dent on the real estate market worldwide including the Delhi NCR, but industry experts are optimistic that it will bounce back.
George Gonigal provides you the best and latest info on Real Estate India. He would also let you know about Real Estate in Delhi. To know more, visit Delhi Real Estate.
Real Estate in Bangalore | Hyderabad Real Estate | Property in Jaipur | Real Estate in Indore | Indore Properties | Property in Indore
No comments:
Post a Comment