Delhi-NCR witnesses growth of several realty hubs

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The Delhi-NCR stretch continues to witness the development of several new real estate hubs. There is higher demand for affordable housing at present and several micro-markets are benefiting from this market trend. The expansion of the Delhi metro network is a major reason behind burgeoning demand in the Delhi-NCR belt and also the development of better infrastructure and connectivity improvements. Some of the growing real estate hubs in Delhi-NCR include Greater Noida West and the Yamuna Expressway in addition to Bhiwadi and Sohna. Raj Nagar Extension in Ghaziabad is also turning into a major housing hotspot.

The Gurgaon Rapid Metro, Delhi Metro expansion and improved connectivity are drawing more buyers to this entire stretch. Gurgaon has rapidly developing civic and social infrastructure and areas like Golf Course Road, Golf Course Road Extension and Dwarka Expressway will continue to witness heady demand for residential housing. Other developments such as underpasses, flyovers in and near Delhi have also boosted the realty market in the NCR.

With better road connectivity projects and the opening of the 11 kilometre elevated road linking Raj Nagar Extension to the National Highway 24 and Meerut Expressway, investments are expected to go up in residential real estate across areas like Hapur, Moradabad, Meerut and Bulandshahr as per experts. The KMP (Kundli-Manesar-Palwal) Expressway will also give a boost to areas like Palwal and Neharpar in Faridabad. Ghaziabad continues to be a major attraction for investors along with the entire stretch along the National Highway 24. The Eastern Peripheral Expressway also has immense potential for drawing investments and the commencement of the Ghaziabad metro network will also give a major boost to the entire region.

There are several premium real estate projects being built in these areas by top developers. For example, Gurgaon has big-ticket offerings like M3M Sierra, Emaar Palm Premier and Godrej Meridien while Greater Noida has projects like Oasis Venetia Heights and Paramount Golfforeste. Raj Nagar Extension is seeing several projects coming up as well including Gaurs Cascades, Nilaya Greens and Ashiana Palm Court among many others.

Resident Editor