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Demand From Working Professionals in Delhi NCR

Posted by admin on May 27, 2014
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Gautam Kanodia, founder, KREEVA and Kanodia Group, said that with the increasing migration of working professionals and businesses to Delhi-NCR, there is a sustained demand for both residential and commercial spaces. “Amidst this growth, we expect that the demand for luxury residences and commercial spaces will rise further in 2025, backed by limited supply and increasing buyer interest.”
 
“With India’s GDP projected to grow at a steady pace, rising disposable incomes and increased affordability are fueling real estate demand. In addition, key projects such as the Dwarka Expressway, Noida International Airport, metro expansions and elevated corridors are significantly enhancing connectivity and boosting real estate values. To name a few, Golf Course Road in Gurugram and key neighborhoods in South Delhi are amongst the micro markets in NCR that continue to attract high-net-worth investors and NRIs due to their luxury real estate offerings and proximity to corporate hubs. These areas have consistently delivered strong capital appreciation and rental yields, making them one of the most lucrative micro-markets in NCR,” Gautam said

Mixed-Use Developments

The rise of mixed-use developments is also playing a role in reshaping the real estate market. With integrated townships combining residential, retail and office spaces gaining popularity in Noida Extension, Dwarka Expressway and New Gurgaon, Delhi-NCR is positioned as a balanced and high-potential real estate market.
 
Prateek Tiwari, MD, Prateek Group, said that major projects like Noida International Airport, the Noida-Greater Noida Expressway and metro extensions have contributed to an increase in property prices.

 

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