In the current NCR real estate scenario, Greater Noida (West) has emerged as a booming real estate market that is equipped with a sound infrastructure and many well-developed as well as proposed residential and commercial projects. Moreover, recent initiatives by the Government have made this area favourable amongst many prospective home buyers.
An investment in the National Capital Region (NCR) is going to bring a lot of good fortune for the investors. This growth in Delhi/NCR real estate market is a result of the overall economy improvement in India. According to a report by IMF, India will see a GDP growth of about 7.6 percent in 2016-17, even ahead of China and some other developed European states. The effect of this comprehensive growth can be clearly seen in the country’s real estate market. Delhi/NCR, being the capital region, will witness the best ripples.
Let us divide the NCR market largely into two segments- Gurgaon and Noida.
Gurgaon is the most attractive investment destination in NCR. Being the largest commercial hub of the NCT, Gurgaon is bound to get good results. It experiences strong demand dynamics and now with price moderation by the builders, the market has become even more attractive. Though the central areas have saturated with commercial and residential projects, the growth corridors of New Gurgaon, Sohna Road and Golf Course Extension Road are now attracting many global investors. [Read more…]