While Delhi continues to emerge as one of the most expensive real estate destinations in the country, the residential property has experienced a
Delhi, the capital of the country is also the second-most populous region of India. Needless to say that the region’s property market is full of options; with the NCR expanding rapidly, the property market of Delhi is coming up with a lot more options. As an end user one can find an array of properties ranging from high-end villas to affordable apartments.
Real Estate Scenario in Delhi/NCR
With ever increasing growth in population, the real estate sector has witnessed much growth during last few decades and is expected to witness even more in the years to come. And as there is abundance of middle income group and working class people the relevance and requirement of budget housing in Delhi/NCR is significantly high.
The price of property in Delhi is constantly going up and yet there is seamless demand on the part of the potential buyers. And in order to keep pace with that demands new apartments and housing are being built on ever day basis. Still real estate companies are failing to cope with the intense demand compared to the supply such is the pressure of the population.
The Factors Contributing to the Growth of Property Market
The reasons behind this enormous growth is manifold—enormous economic development, increase in per capita income, flourishing IT sector, migration due to scope of employment and relaxation in the norms of floor development are the chief reasons. The ease in availability of basic as well as additional amenities has also turned Delhi into a desired destination for the mass. So the government is also emphasizing on the realty sector and making it a zone of high priority. Delhi is also rather developed in terms of infrastructural along with its increasing high end malls, IT parks as well as airport of international standards. And the recent announcement made by the central finance minister relating to the real estate also goes in favour of the housing developers. All these led to the boom in the housing development sector in spite of the continuous hike in input (construction materials) costs. That is why the sector holds strong even when the world economy is experiencing an overall slowdown. According to Delhi Master Plan 2021 the population is about to go up from 18.2 million (as of 2011 census) to nearly 23 million in 2021. So it is needless to mention that it is going to create a very huge amount of demand for housing development in the coming years in Delhi NCR.
Areas on Focus within the Realty Market
The Delhi-Jaipur highway belt an area around 250 kilometers is the most noteworthy zone for housing development. The area comprises locations such as Sohna, Dharuhera, Kotputli, Maneswar, Bhiwadi and Neemrana. Let’s take a quick look at them.
Sohna Road
Sohna Road is a hotspot for the developers. The region has got many advantages like proximity and well connectivity with Gurgaon. Such connectivity is also going to be established soon with other important places like Delhi and Faridabad. There are also eminent schools, universities as well as IT hubs in the area.
Dharuhera
Dharuhera is already a developed city and a favourite destination for budget housing in Delhi/NCR because it is a comparatively cheap area. It is also a city with good connectivity to important neighboring areas such as Gurgaon. Bhiwadi is also a nice industrial area and falls under of Delhi Mumbai Industrial Corridor (DMIC) project with considerable housing demands. Some manufacturing plants of eminent companies are located in this belt. The city also is connected with NH-8.
Bhiwadi
It is also an industrial (medium and small scale) town falling in between Gurgaon and Jaipur and a part of DMIC project. There have been considerable real estate activities in the city for last few years. The city has experienced a price appreciation of around 13% from last year and there has been residential absorption hike @ 70% approximately.
While the abovementioned regions are located in the outskirts of the city, end users can find budget housings within city limits as well. Certain pockets within the city like Mayur Vihar, New Ashok Nagar, Malviya Nagar offer budget residential properties.
All this detailed discussions leads to the summarization that Delhi is an extremely populous city and to provide roof to those population there are many areas in Delhi/NCR that are home for end number of budget housing. And the population as well as the number of residents is very likely to reach a record number before the next census.
CALL FOR BEST DEALS & OFFERS AT +91-9810 684 684.
boom within the budget housing segment. Read on to know more.
Delhi, the capital of the country is also the second-most populous region of India. Needless to say that the region’s property market is full of options; with the NCR expanding rapidly, the property market of Delhi is coming up with a lot more options. As an end user one can find an array of properties ranging from high-end villas to affordable apartments.
Real Estate Scenario in Delhi/NCR
With ever increasing growth in population, the real estate sector has witnessed much growth during last few decades and is expected to witness even more in the years to come. And as there is abundance of middle income group and working class people the relevance and requirement of budget housing in Delhi/NCR is significantly high.
The price of property in Delhi is constantly going up and yet there is seamless demand on the part of the potential buyers. And in order to keep pace with that demands new apartments and housing are being built on ever day basis. Still real estate companies are failing to cope with the intense demand compared to the supply such is the pressure of the population.
The Factors Contributing to the Growth of Property Market
The reasons behind this enormous growth is manifold—enormous economic development, increase in per capita income, flourishing IT sector, migration due to scope of employment and relaxation in the norms of floor development are the chief reasons. The ease in availability of basic as well as additional amenities has also turned Delhi into a desired destination for the mass. So the government is also emphasizing on the realty sector and making it a zone of high priority. Delhi is also rather developed in terms of infrastructural along with its increasing high end malls, IT parks as well as airport of international standards. And the recent announcement made by the central finance minister relating to the real estate also goes in favour of the housing developers. All these led to the boom in the housing development sector in spite of the continuous hike in input (construction materials) costs. That is why the sector holds strong even when the world economy is experiencing an overall slowdown. According to Delhi Master Plan 2021 the population is about to go up from 18.2 million (as of 2011 census) to nearly 23 million in 2021. So it is needless to mention that it is going to create a very huge amount of demand for housing development in the coming years in Delhi NCR.
Areas on Focus within the Realty Market
The Delhi-Jaipur highway belt an area around 250 kilometers is the most noteworthy zone for housing development. The area comprises locations such as Sohna, Dharuhera, Kotputli, Maneswar, Bhiwadi and Neemrana. Let’s take a quick look at them.
Sohna Road
Sohna Road is a hotspot for the developers. The region has got many advantages like proximity and well connectivity with Gurgaon. Such connectivity is also going to be established soon with other important places like Delhi and Faridabad. There are also eminent schools, universities as well as IT hubs in the area.
Dharuhera
Dharuhera is already a developed city and a favourite destination for budget housing in Delhi/NCR because it is a comparatively cheap area. It is also a city with good connectivity to important neighboring areas such as Gurgaon. Bhiwadi is also a nice industrial area and falls under of Delhi Mumbai Industrial Corridor (DMIC) project with considerable housing demands. Some manufacturing plants of eminent companies are located in this belt. The city also is connected with NH-8.
Bhiwadi
It is also an industrial (medium and small scale) town falling in between Gurgaon and Jaipur and a part of DMIC project. There have been considerable real estate activities in the city for last few years. The city has experienced a price appreciation of around 13% from last year and there has been residential absorption hike @ 70% approximately.
While the abovementioned regions are located in the outskirts of the city, end users can find budget housings within city limits as well. Certain pockets within the city like Mayur Vihar, New Ashok Nagar, Malviya Nagar offer budget residential properties.
All this detailed discussions leads to the summarization that Delhi is an extremely populous city and to provide roof to those population there are many areas in Delhi/NCR that are home for end number of budget housing. And the population as well as the number of residents is very likely to reach a record number before the next census.
CALL FOR BEST DEALS & OFFERS AT +91-9810 684 684.