DELHI NCR - Future of Real estate

 Future of real estate in Delhi NCR !!

If we look at the trend ,we can easily say that the NCR Real estate has been growing for the last 10 years.

This growth has various macro level reasons. People migrating from various parts of the country and settling in NCR has led to the need of more and more houses. The real
estate industry has adjusted to the massive demand generated. The demand of being close to Delhi has boosted the realty market.

An average of 18% hike in prices has been recorded every year . For example , If we consider Sohna Road, Gurgaon,the average rates 5 years back were Rs. 2400 psft and today the prices have doubled twice.

If we consider these facts,one can easily comment that the future is bright...!!! But is it so...?

Let us look at some parameters for real estate growth which is about to come in future.

If we analyse, at the present moment,the real estate market in NCR is experiencing a setback. The major reason is the the inflation rate, Home loans rate , Cost of the property and the Rupee - Dollar battle.

This is the current scenario , but as an optimist,I would say that the growth in Real estate market is very close.

Government is supporting the public private partnership (PPP) model and is providing every support in creating a hi class infrastructure. The requirement of a good infrastructure ,Connectivity,Better standard of living etc. will act as a catalyst in real estate growth.

The upcoming roads like the Yamuna Expressway,Dwarka Expressway,Southern periphery road ,KMP Expressway are all experiencing good response in terms of residential and commercial projects being launched and they are going to be very popular in terms of infrastructure,Connectivity and a better standard of living. The popularity of these expressway and the projects on them will surely have a positive effect on the capital value.These days a lot of residential development at an affordable price is going on the Yamuna Expressway. Jaypee ,Gaursons,Supertech ,ATS etc are leaving no stones unturned in developing a masterpiece on Yamuna Expressway.

This is the time to invest on projects on Yamuna Expressway because this is the area which is gonna see great upward movements in the price in the coming 4-5 years. Government has allotted a 650 acre land for developing a Tech Zone beside the Yamuna Expressway. Huge residential and commercial developments are planned on Yamuna Expressway. But the only key to gain out of these developments is patience.

If you planning a short term investment,Yamuna expressway is not the place.

My suggestion - Invest on Yamuna Expressway and wait, to see the scenario changing. 

Happy Investing !!!!

Nirad Singh