Micro markets in NCR has shown revival
Many micro markets in the NCR not only successfully bucked the slowdown trend in the dismal 2013 as far as the sales were concerned, but the prices have also shown appreciation. With revival just around the corner, experts have indicated that there will be a healthy price appreciation in these micromarkets over the next few months.
Affordable tag has a very fluid definition which depends on a number of factors like the income group of the buyers, the location, size of the units and the type of developer and projects. There is no doubt that if one is looking for a house in the Rs 25-30 lakh range then most of the micromarkets in the NCR have limited choice at the moment in the secondary as well as primary market.
But still belts such as Sohna, Bhiwadi and Manesar (New Gurgaon) are still comparatively affordable and there are plenty of inventories in this range available there. So all of NCR is not out of the reach of a mid-income group buyer, actually there is a lot of choice available. The aspirational couple working in fortune 500 companies, MNCs and big corporation are looking for not just houses but luxury in Gurgaon market so the affordability threshold in this area is much higher than that in other NCR locations.
Source: The Tribune
Bhiwadi and Manesar, micro-markets, micromarkets, micromarkets in the NCR, NCR, New Gurgaon, Sohna
