Real Estate in Delhi NCR
The Real Estate Scenario in Delhi NCR has been through some major upheavals in the recent times and is now looking dynamic like never before. Delhi, the capital city of India is divided mainly into four regions where the property and its prices vary to a large extent. Meanwhile, the National Capital Region or NCR consisting of areas such as Gurgaon, Ghaziabad, Noida, Sonepat, Alwar, Faridabad and Bulandshahar is considered as an Industrial and Commercial hub.
The prices of Residential property in Delhi continue to increase as compared to Mumbai, where the prices have reached a plateau. This change is a result of the recent infrastructural developments taking place all over the city that have rendered it a world-class look while making the finest facilities available within the easy reach of the people. As for the Commercial segment, the increasing availability of Office spaces and Shopping mall development in Delhi NCR is attracting buyers from all over the globe with many investors looking upon Delhi property as a potential money spinner.
The construction of builder’s floors in Gurgaon has received a major impetus with the initiatives taken by developers to bridge the demand-supply gap and the availability of land is another promising factor. Property Market in Delhi NCR continues to flourish and has created stiff competition between various Realtors and Builders to develop the finest Industrial and Commercial property in Greater Noida and various parts of Delhi. The connectivity of the Delhi Metro with its extended route to Noida and Gurgaon is further fueling this growth. The improved infrastructure together with the facilities for education and job opportunities continues to attract people from all over the nation and this is also adding to the ever-growing demand of Residential properties in Delhi and NCR.
The future looks promising for the property market in Delhi/NCR and anyone looking forward to settle here or set up a business is sure to have the widest number of options as compared to any other metropolitan in the country.