Delhi-NCR emerging as hot real estate destination
Delhi-NCR- Delhi-NCR has emerged as a hot real estate destination to investors. Many leading developers from various cities across the nation have started investing in the National Capital Region.
Investing in real estate has become the major trend in the current period than any other investment destination. It has become an important source of money-making to people in real estate sector.
Delhi-NCR has become the preferred choice of realty investment for real estate biggies like DLF, Godrej Properties, Tata Housing, Chintels, Sobha Developers, Paramount and many more. The home buyers are provided with various options to pick the best by themselves.
The real estate in NCR regions including Noida, Gurgaon and Ghaziabad has been developing in full swing making it a hot spot for realty investment. Developing infrastructure, rising commercial and industrial development coupled with the growing income and changing lifestyle of the residents have led to fast real estate development.
Gurgaon houses numerous projects by leading realtors including, Ireo, Bestech, Emaar MGF, Sobha, Vipul, Central Park and Vatika. All are coming up with premium residential projects offering villas, independent bungalows and duplexes with price ranging between Rs 1.5 crore to 7 crore.
In 2012, the number of launch of new residential projects in Delhi-NCR was more than the launches in other prime cities like Mumbai, Bangalore and Chennai. Delhi-NCR has become the most preferred location for investors and buyers owing to its high rate of appreciation and ease of resale property.
In 2008-09, yearly price appreciation in the luxury real estate sector had dropped by 35-50 percent, but however, as investors started to gain returns of 15 to 20 percent on an average, the segment gained momentum with 6-7 percent returns annually across the country.
Delhi-NCR, being the nation’s capital, has excellent connectivity to different regions which made it a prime real estate destination. Introduction of Delhi metro accelerated the process even further.
Another reason would be the striking number of places of tourist attraction and historical importance which are surrounding the region. Such places are certified attractions for the end users looking for holiday destinations. It is also a key factor influencing the buyers to invest in Delhi-NCR real estate.
Moreover, the vast development has been continuously increasing the appreciation values of properties in Delhi-NCR, which is highly benefiting the investors.
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