Despite a slowdown in the overall real estate sector, Delhi NCR is witnessing an upbeat trend in affordable housing. All thanks to the demand from the growing migrant population who seek accommodation, there has been an emergence of new real estate hot spots in Delhi-NCR for both end-users as well as investors.
Delhi-NCR has witnessed a massive shift over the past five years. Better connectivity, expansion of Delhi Metro and Gurugram Rapid Metro, other infrastructure developments like flyovers, underpasses, etc are some of the driving factors that have NCR a more preferred spot to stay.
Better road connectivity is another prime factor that has played a significant role in making NCR a better option to live. With the opening up of the Yamuna Expressway, 11-km elevated road that connects Raj Nagar extension with NH-24 and the Meerut Expressway, investments from areas like Meerut, Moradabad, Hapur, and Bulandshahar are likely to increase.
Not to forget the opening of Eastern peripheral road and upcoming KMP (Kundli-Manesar-Palwal) Expressway that is most likely to boost areas like Neharpar in Faridabad and Palwal. Since better connectivity is a major buying factor, these NCR areas have gained an edge in the last couple of years and are expected to give a better return on investment.
And of course, due to the implementation of the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST), the real estate market is now finally settling, bringing in a positive calmness.
Since prices in Delhi have skyrocketed, it is NCR areas like Noida, Greater Noida and Gurugram that are gaining more poplarity amongst home buyers of affordable as well as luxury living. Here are the prime real estate hot spots in Delhi-NCR that every home buyer should consider before making the final decision:
- Yamuna Expressway
- Greater Noida West
- Raj Nagar Extension
- Dwarka Expressway
- Golf Course Road Extension