The Bright Future Of Real Estate In Delhi Ncr

Changing Face of Delhi NCR

Changing Face of Delhi NCR

India is progressing by leaps and bounds. Delhi, the capital of India, is now become house of many leading IT, BPO and manufacturing companies. The nearby cities like Gurgaon, Gazhiabad and Noida have also benefited from the progress of Delhi. It is why numbers of real estate companies (both national and international) jump to make Delhi and its nearby cities one of the sought after destinations for their state-of-the-art residential apartments, commercial and shopping hubs.

From Dwarka to Yamuna Express Way

Talking on the recent real estate development in Delhi, Dwarka sectors witness a tremendous rise in capital values. Factors like metro connectivity, proximity to the international airport and planned constructions have pushed values up drastically since the last decade. Sectors like 5, 13 and 24 have seen approximately 9% to 14% rise in capital values of multi-storey buildings within just 1 year.

After Dwarka massive progress, real Estate developers are seeing the Yamuna Expressway as a golden mine of development. This is one of many new projects in Delhi.They believe the Expressway is soon going to be one of the best choices for industrial activities. Affordable residential and commercial properties and well-planned development are some top notch reasons for the growth of this locality.

The recent surveys reveal, the capital value of apartments at the Yamuna expressway is starting from 3000 to 4000 per square feet and plots are available at an unbelievable price. Once the Expressway Project will be finished, the great hike in the property market can be seen. The Expressways will connect the capital city to Agra and in just 100 minutes you will reach Agra from the capital which takes 5hours.

On the other hand, Noida-Greater Noida Expressway is all set to see never-before developmental activities sprawling commercial, residential and institutional sectors. Plots of the Expressway was earlier selling at a niggling price (Rs 700 per square metre) is now increased whopping at Rs 70,000 per square metre. There are around 15 5-star hotels going to open that give 100% guarantee of rapid development on the expressway. A world-class 18-hole golf course and sports complex are planned to build in the Noida Expressway as well.

Gurgaon, the millennium city, has also grabbed lots of attention of international and national builders in terms of commercial and residential properties in Gurgoan. After crossing the toll bridge of Delhi-Gurgaonyou are welcomed with NCRs biggest mall that is a sound example of rich architecture. From the toll bridge to the IFFICO Chowkis enough to understand the huge development in this millennium city and how efficient todays builders are. Multi-storey buildings are just a common affair in Gurgaon. The rapid development of Gurgaon has touched to Manesar, Bhiwadi and Rewari.

It seems that within 5 years, the real estate demand will increase quickly and so does the price. If you are planning to buy a residential or commercial property, its better to buy the one earlier. Having an own home in an NCR is nothing less happiness of winning a jackpot. So, dont wait, plan to buy at least the one by 2012.

by: bhupendra rajput

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