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NCR’s Real Estate Landscape Is Ever Growing; Demand Beats Supply

The region has seen exceptional transformation over the past few years in all aspects, be it investor confidence or Government policy and infrastructure intervention. NCR is coming of age with all micro markets moving towards premiumisation

NCR’s Real Estate Landscape Is Ever Growing; Demand Beats Supply

NCR’s Real Estate Landscape Is Ever Growing; Demand Beats Supply
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21 Nov 2024 12:26 PM IST

Mumbai: The significant 137 per cent, as per a study, rise in housing prices across NCR since 2019, reflects the region's growing appeal and evolving real estate landscape. It means that here demand continues to outpace supply.

Abhishek Trehan, Executive Director, Trehan Iris, says, “We have witnessed a surge in homebuyers who are increasingly looking for long-term investments in robust, well-connected locations in Delhi NCR. This price appreciation is not just a short-term trend, but a clear indication of the region’s economic resilience, infrastructure development, and its appeal as a hub for professionals and homebuyers alike.”

As urban growth accelerates and key infrastructural projects come to completion, we expect this upward trajectory to persist in the coming years, making homeownership in NCR a wise and rewarding investment for both buyers and seasoned investors, he said.

The real estate boom has been so pronounced that newer micro markets on the periphery of Noida, Gurugram and Ghaziabad have been creating the necessary buzz and homebuyers’ interest.

NCR has seen exceptional transformation over the past few years in all aspects, be it investor confidence or Government policy and infrastructure intervention. The region is coming of age with all micro markets moving towards premiumisation.

The return on investment from real estate has surpassed returns from all other investment tools.

Talking to Bizz Buzz, Shiwang Suraj, Founder & Director of Gurugram-based property consulting firm InfraMantra says, “Property priced both between Rs 1-2 crore and those over Rs 3 crore have seen the highest demand as is evident from the quick sell out that we have experienced across several projects in Gurugram over the past few quarters.”

The report clearly highlights the lead to buy time reducing in this category. This can be attributed to the transparency that the sector has seen over the past few years owing to the weeding out of non-serious players and emergence of national level developers with strong legacy and financial heft to complete the project, deliver on the promises and ensure a sound financial investment by way of strong rental yield and capital appreciation.

Housing Prices NCR Real Estate Infrastructure Development Property Investment Delhi NCR 
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