Request a Proposal
Why Delhi-NCR emerges as a luxury real estate hotspot? Realty Assistant decodes
by Admin December 18, 2021

Why Delhi-NCR emerges as a luxury real estate hotspot? Realty Assistant decodes

If we look at the journey of New Delhi, the city has grown enormously, keeping pace with the changing times and the vibes. The capital city is known for its remarkable blend of heritage, culture, and multicultural lifestyle. Being one of the fastest-growing urban cities, Delhi continues to boast a robust urban infrastructure, including one of the busiest international airports, a high footprint of luxury hotels, apart from enjoying a strategic location that offers easy access to manufacturing and IT hubs like Noida and Gurgaon, respectively.

Being a business ecosystem for both local and global players, the capital city is also one of the key employment generators. Not to forget, the city is also the heart of tourism for Northern India. All these factors have enabled its citizens to live in a global metropolis. The city has an appreciation of 0.2 percent in average weighted capital values, and despite the pandemic, the luxury real estate market of Delhi flourished and performed better than Bangalore and Mumbai. Delhi-NCR has emerged as a luxury real estate hotspot. The city is home to some of the most well-organized and zoned residential areas, while central and south Delhi are the most popular. Some of the location's inherent beauty lies within the city’s structures. The buildings, residential homes, and old monuments are unparalleled symbols of luxury.

Ranking at number 27 in Q3 2021, a report on Prime Global Cities proves Delhi’s growth towards the luxury housing segment. New Delhi led the global index that measures the annual price appreciation of luxury residential properties. From high streets, shopping malls to a range of traditional retail destinations, all of it gives the city a magnetic appeal, while the prestigious Delhi University, academics, and top educational institutions and schools are the most prominent features that make the capital city the best pick. Lifestyle advantages that the city continues to offer give it an edge over other cities, attracting both investors as well as end-users. Right from the booming IT Industry, the rise of the micro-market, and increasing Metro connectivity, everything has fuelled the demand for housing projects across the region.

Not only residential real estate but there has also been an immense growth of commercial real estate as the high infrastructural capacity & availability of quality workforce have lured the interest of the corporates. There has been the rise of luxury real estate owing rise in the number of ultra-net-worth individuals. Hence, the collection of luxury and ultra-luxury residential properties can cater to the demands of even the most discerning customers, like HNIs, UHNIs, and NRIs who are looking for sustainable living options. Homes designed in tandem with wellness and health amenities are also gaining more attention among high-profile clients.

Overall, it won’t be wrong to say that Delhi NCR has evolved as a precious asset for the real estate market & shall continue not only to be a secured investment option but also as an expression of a niche lifestyle.

Comments

No comments ..

LEAVE A COMMENT