The sentiment towards real estate is improving and the market dynamics have also been positive for the past few quarters, which has revived both the buyers’
Real estate market overview North India
The North Indian real estate market is developing at a fast pace. Though Delhi is witnessing a dampened growth, its peripheral areas are in a great demand. The expansion of NCR has resulted in a steady growth in Tier-II cites around Delhi NCR like Chandigarh.
NCR now includes 13 districts of Haryana too with latest additions of Jind, Bhiwani, Karnal, and Mahendragarh. As per the realty experts all these districts will witness excellent realty growth in the coming few years due to several factors attached. Bhiwani is one of the fastest growing areas that boast of rapid infrastructural development with several important industries setting up there. The thriving financial and retail sector in Mahendragarh and Bhiwani will help the realty sectors of these areas develop further by creating innumerable opportunities.
The Gurgaon and Noida resale estate markets are a preferred option for many big business houses, corporates & MNC’s and an easy availability of a wide range of housing options in order to meet & facilitate the needs & requirements of varied occupants, is making these areas preferred residential destinations too.
Greater Noida is an excellent industrial and educational place that has a tremendous growth potential. real estate market while Southern parts of Gurgaon offer an array of luxury apartments.have shown a constant growth in prices due to the development of Yamuna Expressway and Buddh International Circuit. With major developers offering projects along the Dwarka Expressway this corridor is considered to a profitable investment option for long term prospects. The Golf Course Road and its neighboring areas are a well-developed
The property in Ghaziabad is an excellent option for the budget conscious people as the prices here are low in comparison to places like Noida and Gurgaon. It is like a heaven for affordable housing projects. There are many under-construction developments coming up along the National Highway 24 and in the Rajnagar Extension Area.
Faridabad is another promising location that enjoys several locational benefits due to its proximity to Gurgaon and the Capital City. The lower property prices and the upcoming metro connectivity are attracting a lot of potential buyers & investors towards this part of the region. Neharpar in Faridabad or Greater Faridabad has emerged to be another great investment option for those who want a reasonably priced housing locality.
Thus, in totality, theare an appreciable investment options for all the classes of the society and offer excellent returns on the capital invested.