Real Estate Delhi NCR Region
India is one of the largest real estate market with the Delhi NCR region holding the largest share of the total market size. It leads to every aspect of the user's needs in Indian real estate industry, acting like a one-stop guide to all housing needs. Delhi NCR is the second largest market in India with respect to the economic profile of its citizens. The cash rich population has spurred a demand for quality properties and many land developers have entered the fray to seize the resultant business opportunity. NCR’s real estate segment is abuzz with activity, despite its limitations in terms of space. The region offers world class commercial and residential property - be it apartments, retail space, builder floors or independent houses. Property in NCR region is no more limited to just purchasing and selling a house or a home but it has taken a form of investment in real estate. Buying a second home is always seen as an investment prospect with too many options available for buying property. The city has grown in a radial manner. In the first phase the city centre and surrounding areas witnessed development. Now, the suburban areas are undergoing development. In fact neighbouring cities in NCR region like Meerut, Ghaziabad, Noida, Greater Noida, Gurgaon and Faridabad have developed into big cities.
What are the best areas to invest in real estate in Delhi NCR Region?
As of today, real estate market is maybe struggling through a phase due to pandemic. However, for the smart and discerning investor, there are opportunities even in this market. Based on my knowledge and experiences, these are the areas that you can look at to invest in:
Noida: A lot of development has taken place here and in the next 3–4 years, the place will become fully developed so it is perfect in terms of your time horizon. But the problem in Noida extension is that it is going to be extremely crowded. Also, as an investor, it might be difficult to cash your gains as the supply of homes in this market is huge
Ghaziabad - This is an upcoming area that will see a lot of development happen in the next 8–10 years. You will have to keep a timeline longer than 3–4 years if you want to invest here, but you will get good returns.
Meerut - I recommend you personally to invest here as one of the most consistently growing cities in last 4-5 years with no fallback.
Gurgaon: With improving infrastructure, fast connectivity, and new world-class projects, rental and capital values have been indicating healthy growth in the new developing sectors along NH-8, Dwarka-Gurgaon Expressway, Golf Course Extension Road, and main Gurgaon-Sohna Road.
Commercial properties - I would personally recommend commercial real estate to you. Commercial real estate has picked up pace in Delhi-NCR in the last 2–3 years and there are many lucrative good projects and payment plans that you might find attractive. I would suggest ATS Khyber Range, M3M Corner Walk, Wave Galleria as the ideal investment destination for a commercial real estate investment.
What is the future of Delhi NCR real estate?
Amidst the market situation, it is natural to know whether the future of Delhi NCR real estate is constant. However, if you look at the market trends, Delhi NCR shows a gradual growth in the real estate. There is a sign indicating towards increasing demands for real estate in very coming days. A number of new projects launched in last few months have given a thrust to the real estate market in Meerut, Ghaziabad, Gurgaon and Noida-Greater Noida.
On the other hand, Noida Extension has been a prime target for all real estate developers; it is expected to see a record number of sales real estate in coming months. And as the experts believe, after the second half of this year 2020, the value of property will rise with better and more profitable returns.
Lastly, metro connectivity and high-rise public infrastructure development will ascertainable be shaping the future of Delhi NCR real estate