Real estate prices in Delhi- National Capital Regions will amend in coming months and thus, the demand will grow accordingly. As our Indian economy is the foremost economy in all over world, it is expected to deliver laudable growth statistics. It is estimated that India will record around 7.5 per cent of GDP growth in 2016 and 2017, respectively, leading economies of China, USA and various European countries. A thrust to the real estate industry is given through a better economy flight and so, high transaction rate and value is witnessed in this industry across India.
The NCRs – Gurgaon and Noida in particular will be the major regions to receive the new investment drift. National and global investors are looking forward to invest in Gurgaon, Noida and Greater Noida despite the fact that many of the projects lack complete inventory objectives.
New Investment Perspective in Delhi NCR Real Estate Markets
Primarily, market will be split into Gurgaon and Noida (along with Greater Noida) regions with respect to the new launches with Gurgaon being the main point for investment in future. Prices have been moderated even after great hike in prices in recent times. But, the fact remains the same and the demand dynamism in the city for regional business and commercial purpose is very strong.
In last 12 months, value of many small markets in Gurgaon have recorded an approximate rise of 7-10 per cent in the values. While Gurgaon is witnessing constant rise in commercial space and new manufacturing units’ development, high transactions in new residential spaces like Sohna Road, Golf Course Extension (GCE) and New Gurgaon will be seen in time to come.
- Sohna Road
- Southern Peripheral Road
- Golf Course Road
- New Gurgaon North
- New Gurgaon near NH 8
- Old Gurgaon
Listed are the flourishing markets in Gurgaon welcoming upper middle class buyers and investors. These will comprise destination for future retail and commercial drive in Gurgaon and will be priced economically as major fractions of new launches will be witnessed in these markets.
On the other hand, slightly less number of new launches will be noticed by Noida real estate market, including Greater Noida, Noida Extension and Yamuna Expressway as compared to Gurgaon markets. Here, the existing, incomplete projects will remain in focus to go for the completion.
Optimistic demand of the new launches, however, are focusing on certain areas of Noida region such as Noida North, Yamuna Expressway and Greater Noida West for driving tall benefits on increasing rates. Simultaneously, the surge in Noida’s commercial market transaction will lead to the lift in residential market in future. The prices in Noida micro market, however, has already shifted to approximately 2.5 – 3.5 per cent.