The mighty and immensely crucial national capital region is on the fast track to growth. The cities of Delhi, Gurgaon and Noida, especially, have grown by leaps and bounds to establish themselves as the numero uno places to live and invest in. A plethora of upcoming state of the art projects are all set to establish their dominance even further. But what people are not realizing is the fact that now is an opportunity like no other to buy a property in NCR.
A torrent of world class, prime and the most in demand localities have witnessed a staggering drop of as much as 20 percent since the year 2013. On the other hand, several rising localities of NCR have seen a significant spike in their circle rates. The range of appreciation has varied between 10 to 35%.
Some of the most posh and highly unaffordable locations of Delhi like Golf links, Kailash colony, Jor Bagh, Vasant Vihar, Aurangzeb road, Shanti Niketan, Defense colony amongst others have experienced a correction between the range of 10 to 20 percent. As far as Noida and the millennium city of Gurgaon are concerned, the prices have become static between 5500-8000 per sq.ft and 6500-17000 per sq.ft respectively.
As far as the booming regions of NCR like Neemrana, Delhi-J, Bhiwadi and Sohna are concerned, prices have risen anywhere between 10 to 35%. These emerging cities have certainly proved to be showstoppers. This price hike can be attributed to the residential and industrial resolution of sorts in these cities. But the growth story of these underdogs has just commenced, they are nowhere near peaking or at their best right now, thus extending unmatched high return on investment prospects to investors. They still have a long, long way to go.
While the realty market of Delhi/Noida/Gurgaon has been under a lot of stress owing to no developer friendly reforms, over supply, liquidity crunch and high home loan interest rates. Real estate developers in this region are therefore left with a humungous load of unsold inventory. Thus the prevalent valuations in these cities are highly attractive for end users and investors alike because the market can bounce back pretty soon. Plus the home loan lending rates have been reduced by almost all major commercial banks and NBFCs. 9.9% has become the new benchmark of lending home loans. So investors and end users should realize this opportunity almost instantly and benefit from the same.
And just in case you need any kind of assistance in exploring these wide variety of lucrative options then you can get in touch with a real estate consultant’s par excellence, Madhyam Buildtech. Madhyam came into existence almost nine years ago and hold unmatched expertise in NCRs realty arena. Madhyam believes and aims to enhance the wealth of its customers by extending well informed and researched advice only. So if you are hunting for real estate consultants in Noida or any other city of NCR for that matter, then don’t look any further, contact Madhyam today.