So far, in our price trends articles we have talked about how the property rates fared over the last one year in different cities of the National Capital Region (NCR) like Noida, Delhi, Faridabad, Ghaziabad and Gurgaon. Let us now talk about the same trends for the entire Delhi/NCR real estate market on a macro level.
Delhi/NCR is not a new real estate market. It has been there ever since the realty world started its development and has seen the best and worst conditions of it. The market which was initially confined to Delhi gradually started moving towards the outskirts. Gurgaon was the first city that grabbed the eyeballs of private builders. DLF came up with its Cyber City project which completely transformed the skyline of Gurgaon. The city which was earlier just bricks and stones now stands as a strikingly beautiful commercial hub.