NCR has emerged as one of the most preferred destinations as far as real estate investments are concerned. Property market in NCR has seen its capital values appreciated by around 40 per cent. Indeed, selected sectors in Noida, one of the prime locations in the NCR, have even doubled in the value over that period.
Needless to mention, commercial properties in Noida are zooming upwards on the back of fast upcoming multi-national companies in the region. Most of these companies prefer to take the land on lease, which has given a boost to property rental market in Noida.
With big companies shifting out of the inner city areas because of the lack of space and infrastructure facilities, residential relocation too followed. This resulted into a mass migration to suburbs such as Gurgaon and Noida, thereby propelling residential property prices here.
The scenario brought golden prospects for builders who made a beeline to come up with their real estate projects in Gurgaon, Noida, and other parts of the NCR.
Also, a short supply of properties in Delhi served as a blessing in disguise for NCR real estate market. Likewise, Gurgaon is better known as Delhis fastest growing suburb, where the properties zoomed 50 per cent in just the last one year.
Real estate Gurgaon is all prepared to reach sky-high levels. Earlier, Gurgaon properties were believed to a part of an unorganized market dominated by local players. However, the things have changed for good now. The sector is increasingly being considered to be fuelled by famous property developers and managed by professionals.
Today, Gurgaon property market is in fact leading the development process in other parts of the country. What was once known to be a sleepy town on the suburbs of Delhi has now become a national and global business hub.