With the fast-growing development in and around Delhi-NCR, it has become the trending site in the field of real estate. The region has shown rapid growth in infrastructure in forms of schools, hospitals, malls, shopping complexes, etc. Metro has also contributed to the rapid transportation development in Delhi-NCR and made the properties here more in demand.
The ranking report by FICCI and Ernst and Young in 2008 stands Delhi-NCR is the most preferred option for developers and investors in the real estate sector. Being the capital, Delhi has always attracted the developers and investors, but recently Delhi has shown an unexpected growth in the housing sector.
LET’S SEE THE REASONS WHY DELHI IS THE REAL ESTATE NUCLEUS OF INDIA:
GREAT CONNECTIVITY
Delhi NCR has a great public transport network connecting all it is satellite cities like Dwarka, Noida, Gurugram, Faridabad through well maintained high capacity air-conditioned buses, Metro Trains and cabs. The developments in metro trains, six and eight-lane highways, and signal-free ring roads have made travel for the masses easy, adding to the Delhi’s focal position in the real estate sector.
URBANIZATION AT A GREATER PACE
Epidemic urbanization has played a very major role in making Delhi NCR a hot site. Modernization of the international airport, widening of roads, construction of flyovers and walkways, setting up of leading MNCs and IT companies in the Delhi NCR has led to the rapid urbanization of the area. The growth of urbanization has resulted in great job opportunities, people from outside the region settle in Delhi in search of employment, thus increasing the residential demands. The world-class infrastructure, transportation with great connectivity have paved a way to immense growth in the tenants of Delhi. This boost in the residential demands has made a tremendous growth in the Delhi real estate.
DIVERSE POPULATION
Being the capital of India, Delhi witnesses a diverse population from all the strata of the society. The high-income family aims for a luxury penthouse, the elite group buys a luxurious villa or bungalow, a middle-class man searching for a 2-3 BHK flat apartment, young entrepreneurs in search of a studio apartment, students looking for a PGs or rental properties. From a 2-BHK apartment category of people to a luxury villa category people Delhi has got it all. This highly initiates housing projects in Delhi NCR, making it a nucleus of the real estate sector.
ASSURED RETURNS ON PROPERTY
Delhi has become a high-profit site for investors and developers , assuring high returns on investment. Growing housing demands make investors sure for great returns at a quick time frame, and they have got a quick chance for securing regular rental income in Delhi through these increasing housing projects. Even NRI investors are also interested in investing in Delhi owing to assured returns here. Investing in real estate in Delhi NCR is a smart idea with its guaranteed ROI (Return on Investment).
CHEAPER LAND RATES
The land is available at cheaper rates in satellite cities of Delhi like Dwarka, Noida, Gurugram, Faridabad for building townships and societies at lower prices. This is the reason why numerous townships have developed in these regions in such a short time frame. More relaxed housing and infrastructure laws and growth of SEZ (Special Economic Zones) and good connectivity with the main city have added an extra star to the Delhi NCR, making it the most preferred choice for developers to start their housing projects in the NCR .
Owing to its excellent infrastructure, great job opportunities, excellent transportation, Delhi NCR has a good extra point of being the capital of the nation. Delhi NCR will always lead the race of the best choice for investment by investors and developers in the field of real estate.
