Near Capital Region (NCR) has become India's largest residential market. At
present the availablility of flats here is even more than in the other five Metro
cities i.e. Mumbai, Chennai, Banglore, Kolkatta & Hyderabad. Various surveys and
figures also speak the same. The demand of property will continue to increase
in NCR in future also. Most importantly there are lots of chances of increment
both in the demand and fulfillment of demand. Also because Delhi is the capital
of India, that's why it provides better basic facilities compared to other cities.
Various new societies are built, thus increasing the availability of apartments.
Due to the increase in employment opportunities in Gurgaon, Noida, Greater
Noida and Ghaziabad people are migrating here in big numbers every year. In
NCR, Gurgaon, Noida & Ghaziabad fulfills the demand of luxuary housing at big
scale.
According to a survey, cities like Noida, Gurgaon and Ghaziabad has contributed
a lot in converting NCR into the largest residential market. According to a recent
survey by a reputed organisation, it was found that in the financial year 2011-12
nearly about 86,000 residential apartments were brought into the market seeing
the increasing demand.
Developers launched the affordable projects at high scalein place of expensive
projects for middle class people. Nearly about 40% apartments cost between
25-50 lakhs. Also in NCR about 5 lakhs residential apartments are still in process
which can fulfill the dreams of many middle class people.
According to Real Estate expert, NCR consists of nearly 100 k.m. area surrounding
Delhi. There is a rapid industrial development in these areas, thus increasing the
employment opportunities. So this is obvious that in order to meet the residential
requirement of people who have migrated here in search of employment, there
should be rapid development.
According to real estate analyst, in NCR with Industrial development a better
business environment gets created which enables multi-national companies to
invest in large scale. Due to employment opportunities people from many parts of
the country have started migrating here thus increasing the demand of residential
property.
There is much scope of development in these areas in future also.
According to market analyst, in 2014 there will be a need of about 10.2 lacs
residential apartments in NCR. Apart from this there will be requirement of about
2.49 crore sq. ft. office space and about 66.6 lacs sq. ft. retail space.
Due to the increasing demand of land by office, retail and hospitality sector,
there has been a substantial increase in the demand of real estate in Gurgaon.
According to new Gurgaon-Manesar plan-2025, there has been a substantial rise
in the availability and development of land. In the new master plan, about 14,930
hectare land is fixed for residential plan. Thease will be developed in 58 sectors.
present the availablility of flats here is even more than in the other five Metro
cities i.e. Mumbai, Chennai, Banglore, Kolkatta & Hyderabad. Various surveys and
figures also speak the same. The demand of property will continue to increase
in NCR in future also. Most importantly there are lots of chances of increment
both in the demand and fulfillment of demand. Also because Delhi is the capital
of India, that's why it provides better basic facilities compared to other cities.
Various new societies are built, thus increasing the availability of apartments.
Due to the increase in employment opportunities in Gurgaon, Noida, Greater
Noida and Ghaziabad people are migrating here in big numbers every year. In
NCR, Gurgaon, Noida & Ghaziabad fulfills the demand of luxuary housing at big
scale.
According to a survey, cities like Noida, Gurgaon and Ghaziabad has contributed
a lot in converting NCR into the largest residential market. According to a recent
survey by a reputed organisation, it was found that in the financial year 2011-12
nearly about 86,000 residential apartments were brought into the market seeing
the increasing demand.
Developers launched the affordable projects at high scalein place of expensive
projects for middle class people. Nearly about 40% apartments cost between
25-50 lakhs. Also in NCR about 5 lakhs residential apartments are still in process
which can fulfill the dreams of many middle class people.
According to Real Estate expert, NCR consists of nearly 100 k.m. area surrounding
Delhi. There is a rapid industrial development in these areas, thus increasing the
employment opportunities. So this is obvious that in order to meet the residential
requirement of people who have migrated here in search of employment, there
should be rapid development.
According to real estate analyst, in NCR with Industrial development a better
business environment gets created which enables multi-national companies to
invest in large scale. Due to employment opportunities people from many parts of
the country have started migrating here thus increasing the demand of residential
property.
There is much scope of development in these areas in future also.
According to market analyst, in 2014 there will be a need of about 10.2 lacs
residential apartments in NCR. Apart from this there will be requirement of about
2.49 crore sq. ft. office space and about 66.6 lacs sq. ft. retail space.
Due to the increasing demand of land by office, retail and hospitality sector,
there has been a substantial increase in the demand of real estate in Gurgaon.
According to new Gurgaon-Manesar plan-2025, there has been a substantial rise
in the availability and development of land. In the new master plan, about 14,930
hectare land is fixed for residential plan. Thease will be developed in 58 sectors.
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