Analyzing the property trends in Delhi-NCR

Most of Delhi-NCR’s homebuyers choose properties which are located in close proximity to their places of work as per several studies and reports. These locations are chosen for their future potential in terms of saving the buyer’s energy, time and money. As per reports, a whopping 50% of homebuyers in Delhi-NCR desire homes located near their workplaces while 48% wish to purchase for purposes of both security and investments. Around 45% of buyers desire better home amenities including swimming pools, gymnasiums, etc.

People also look for more space in housing units and easy access to educational institutions for their children. Delhi-NCR is one of the country’s biggest real estate markets and a whopping 1/3rd of buyers seek properties that are ready to move into, especially in NCR locations near the major business hubs of Gurgaon and Noida. Interest has increased amongst homebuyers for 2 and 3 BHK apartments, particularly after home loan interest rates were lowered by banks and NBFCs. People are now more confident about investing in real estate after GST and RERA. Several areas are also witnessing the predominance of the Walk to Work concept where people are looking for housing units located within walking distance of their offices.

Some of the popular locations amongst homebuyers in this regard were Dwarka for its connectivity to the corporate zone in Gurgaon, Noida and Greater Faridabad. Most people sought to purchase apartments although 25% searched for independent homes while 17% sought builder floors as per reports. Approximately 15% and 10% looked for plots or land and commercial properties respectively. People are looking for properties in NCR areas which are near corporate hubs in Gurgaon and Noida. Buyers are seeking out developing locations on Expressways as well, which help them commute to their workplaces with lower hassles.