Time to invest in the much Awaited Ripe Market of Delhi-NCR

Much like any other real estate market in India, Delhi-NCR is also growing up to be a top destination to buy and sell property. After a slight slowdown in 2013, the market is revving up its status with sharp growth in the past two years. Both in terms of new launches and higher returns, the residential market of Delhi-NCR witnessed a new era of development. With the announcement of various luxury and affordable projects in the city, it became one of the most desirable destinations of buyers. Developers are also putting their best foot forward to introduce new schemes and offers that prove out to be beneficial for both the parties.

A cost-effective market

Real estate in Delhi-NCR is not only flourishing but also considered to be lucrative by many professionals. A few of the reports have also quoted the city to be the backbone of Indian real estate market due to its growing popularity and expansion plans. Cities such as Gurgaon and Noida are the ones driving most of the profit from various deals every day. Apart from these factors, several corridors surrounding the Delhi-NCR belt are also performing well despite a minor hump in the past. Areas such as Noida-Greater Noida expressway, Faridabad-Noida-Ghaziabad corridor and the Rapid Metro in Gurgaon are attracting most of the investors.

After several years of lukewarm business, the Noida-Greater Noida expressway is now known as a hub of residential properties in the country. Many of the luxury and high-end apartments with some mid-segment properties have been launched in the area recently. Much of the micro segment markets of Noida, Gurgaon, Faridabad and Greater Noida are now receiving record breaking pre-bookings and investments like never before.

Much to the likes of investors, builders are also going all the way to make sure that they are launching affordable yet luxurious property in Delhi-NCR. After remaining constant from the past two years, the market has started gaining traction and is being quoted as the ‘King of Indian Real Estate’.

A trip into the future

While there have been many assumptions about the future of realty segment in Delhi-NCR, the industry has started spreading out. Once known as a dump area, this belt is receiving developers’ attention. Although most of the area is captivated for residential property, the commercial real estate segment too is one of the highest grosser of Delhi-NCR.

After a period of unsold inventories and unattended property areas, Delhi-NCR is set for a growth that has been in focus from quite some time. Showcasing a bright future for rental landscape, absorption of office spaces is one of the major reasons for a sudden growth in this real estate sector. The ongoing Noida-Greater Noida Metro Rail project is on the verge of its finishing point and that is the reason many investors are waiting for their turn to invest. According to a recent research report, buyers are reserving the property in this area and are going to invest as soon as the Metro Rail project starts its operations in the city.

Expected to exhibit a brilliant future, Delhi-NCR real estate market will be the one to look out for!