NCR A Real Estate Empire
National Capital Region (NCR) is spread over total area of around 34144 sq. km and consists of the NCT of Delhi along with select urban areas from the neighboring states of Haryana, Uttar Pradesh and Rajasthan. Among the various regions of NCR, Gurgaon in the south and Noida and Greater Noida in the east have emerged as the key micro-markets. Proximity to Delhi, availability of large land parcels, access to talent pool and enhanced connectivity by means of road and metro network have made these satellite towns preferred destinations for corporate to set up their offices, driving the real estate activity in these regions.
As per a recent research by, ICRA, (Investment Information and Credit Rating Agency of India Limited), Population migration to the capital is the major driver for real estate development in the region around New Delhi. Areas like Golf course road extension and new Gurgaon have remained the most active micro markets in Gurgaon witnessing maximum launches.
Noida is the most important and rapidly growing region of NCR With good infrastructure, metro connectivity and good road network, real estate development in the Noida regions is picking up rapidly. This is important, since infrastructure development is the primary draw for buyers and investors into this area. Upcoming major projects like the Godrej ace icon along the Yamuna Expressway are likely to push the economic development of this region, consequently giving a further boost to real estate development. In fact, the positive response from consumers and investors in Noida has currently created this the preferred destination for launching new comes and expediting existing ones. All in all, Noida is beginning to emerge as one of the brightest stars in Delhi NCR real estate. Noida’s connectivity to Delhi and Gurgaon, metro service and good infra facilities make the living experience better in this NCR region. Realty specialists see its affordable housing tag as one of key reasons why focus has shifted to Noida among NCR regions.
Market dynamics is changing constantly in Indian Real Estate and Delhi NCR region will take an upward mark in 2-3 years. According to the real estate experts this is the best time to invest in the Indian Real Estate.