real estate news: In the urban development of the National Capital Delhi‑NCR now height & nbsp; It is becoming a new identity. For the last few years, where only 20 to 30th floor buildings are & lsquo; highrise & rsquo; It was believed that now residential towers from 50 to 60th floor are becoming common. Especially, these trends are emerging rapidly in areas like Gurugram, where developers are now developing projects by focusing international level height and design.

Many new projects have been approved in recent months, which are more than 200 meters high. These changes reflect not only in terms of architecture, but also the aspirations of urban lifestyle and market demand. The demand for such projects has now increased rapidly among the high -income consumers that are not only convenient but lsquo; iconic & rsquo; Also be.

Definition of Delhi-NCR

According to experts, this change is not limited to aspiration only. In the first half of 2024, a total of 32,200 units were launched in Delhi‑ NCR, of which about 45% were in the luxury category. Gurugram is leading this trend, where more than 10,000 units alone were sold in the same period. Also, in the last one year, the increase in residential property prices in the area has also been seen by about 30%.

Senior officials associated with the real estate industry believe that tall buildings are not only a solution to the cost of the land, but has also become a symbol of modern lifestyle, technology and environmental ornamentation. Vikas Garg, Joint Managing Director of Ganga Realty, believes, & ldquo; Today’s consumers want not only homes, an experience & mdash; where technology, sustainability and design go together.

It is easy to insert these elements in tall buildings, and this is the direction of modern development. & Rdquo; He further said, & ldquo; In places like Gurugram, where the land is limited and demand is increasing continuously, vertical development is a practical and smart option. We have adopted it as not just a trend, but as a responsibility. & Rdquo;

Hyrife buildings new identity & nbsp;

Siransh Trehan, managing director of Trehan Group, who has been active for a long time in real estate, says & ldquo; We are seeing that NCR’s homebire is now looking towards global lifestyle. Living in tall buildings is not just status, but a combined form of location, view, facilities and security. Developers are now taking this change in the market seriously. & Rdquo;

However, along with these skyscraper schemes, there is a need to discuss serious discussions on planning and infrastructure. Traffic, public transport, and open space arrangements should remain in balance with such projects, otherwise this development may be unbalanced. But at the moment, areas like Gurugram and Noida, where earlier only affordable or mid -segment projects were seen, are now becoming a symbol of height and grandeur. This change in the real estate scenario of Delhi"Text-Align: justify;"> Also read: The impact of action on market regulator SEBI’s Jane Street, more than 13 percent broken BSE shares

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Buying a house has a dream of everyone. But when it comes to taking it, people wonder where to take, whether there is some budget and the best location. It is very important to keep all these things in mind. The property market is once again gaining momentum. & Nbsp; Greater Noida has seen an extraordinary bounce in the launch of new Residential Projects.

According to research data released from Property Consultant Institute, Enrak, Greater Noida has demonstrated a significant boom in the residential real estate area during 2024 and has been established as one of the fastest growing markets in NCR. They went. Which shows a sufficient increase of 322% year after year.

This increase in the launch of the new project has made Greater Noida one of the largest stakeholders in the real estate sector, which is 23% of the total launch of the NCR region in 2024. CREDAI Western UP Secretary Dinesh Gupta said that Greater Noida is currently the largest micro market of real estate and it is only the beginning. Uncertainty has been removed from the market and the completion of the project has become more certain than before due to bitter criteria. Greater Noida has now moved from Effordable Housing towards luxury housing. Land allocation is going to be done in Greater Noida, including Yamuna Expressway, which will once again attract home buyers with new options. & Nbsp;

According to Shailendra Sharma, MD of Renox Group, real estate in Greater Noida has been able to reach a new height due to continuous development projects of the government. A giant projects like metro, rapid rail, airport, Expressway have created an opportunity for global investment in the area, which has led to a boost to employment which eventually affects the real estate sector on a positive level. Availability of large plots at relatively affordable prices compared to neighboring Noida and Gurgaon has attracted major developers to start new projects. & Nbsp;

According to Suresh Garg, CMD of Nirala World, the development of the infrastructure being done regularly in the market, especially the Aqua line metro network can be expanded to Noida Extension and the Noida International Airport to be built in Jewar. Due to airport and metro facilities, Greater Noida has become an alternative to markets like Gurgaon and Faridabad in the future where the price of property is still relatively cheap and facilities and law and order has become better than before. & Nbsp;

CEO of Diligent Builders. According to Colonel (Retired) Ashwani Nagpal, Greater Noida has emerged as the largest alternative hub of luxury property in NCR and there is no lack of possibilities for many years to come. The government’s focus has also benefited from the focus of the government on the formation of the data center of the IT company and the establishment of manufacturing units. Due to long -term infrastructure and positive policies like rapidly growing road network, metro, rapid rail, airport, industrial investment in Greater Noida has increased, which has created new employment opportunities and resulting in demand for housing."Text-Align: justify;"> According to RG Group Director Himanshu Garg, the result of better policies of the government is reflected by the development of the sector and this is happening in the real estate sector. Due to the right decisions and policies of the Center and the state, new projects have started and the real estate sector has got proper incentives with industry businesses, which has made Greater Noida the best place of investment for all classes. Necessary changes have also been made according to the time, which results in increasing demand.

While, KW Group director Pankaj Kumar said, Jain said, Meerut Road and Raj Nagar Extension has been connected to the entire NCR as a destination. Ghaziabad is still offering the most Effordable house in the entire NCR. In Raj Nagar Extension, both ready to move and under construction of the house can be found, where the house can be found in the budget of every category, whose budget can be 60 to 90 lakhs.

So Shailendra Sharma, MD of Renox Group, said, with the formation of NH 9, the connectivity of Crossing Republic has become good. It is expected that after joining the flyover with Noida Extension, both demand and return will increase at this location. This location is the best for the highway and the option of Ready to move, where property can be found in 80 to 120 lakhs. & Nbsp;

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People living in Delhi and NCR today when it comes to buying a house, they are specially fond of Noida or Greater Noida and Noida West. There are many factors behind the move of the house buyer in Noida inside NCR. In this regard, Vishal Raheja, founder and MD of Investoxpert.com, says that in the last five years, Noida and Greater Noida have developed from emerging markets and have now become mature real estate hubs. The credit goes to strategic infrastructure projects and increasing demand. In the residential segment, the demand for 2 and 3 BHK apartments has increased by more than 40%.

The reason for this is the expansion of metro connectivity, development of Noida-Greater Noida Expressway and close to corporate hubs. In the last few years, the price of property has been increased by an average of up to 25-30%, with Greater Noida West recorded the fastest growth rate in the NCR sector. The main reason for this is its affordable prices and the upcoming infrastructure projects are better access.

He further explained that there has been tremendous growth in the commercial segment. The setup of technology companies and multinational corporations in Noida has led to a boost in the demand for office space. The presence of companies like Infosys, Microsoft and Samsung has promoted the office occupancy rate, especially in areas like Noida Expressway and Sector 62, which has increased the commercial property market in the last five years by about 40%. Also, from projects like Film City to be produced in Delhi-Mumbai Industrial Corridor (DMIC) and Greater Noida, this area is leading to emerging as entertainment and business hub, which is likely to be more commercial investment.

metro expansion and connectivity

In addition, better connectivity through metro expansion and expressway has played an important role in this real estate boom. Noida-Greater Noida Metro Aqua Line and Metro expansion plans to Jewar Airport will further increase the appeal of these cities. At present, more than 100 new housing and commercial projects are in various development stages, which show heavy growth possibilities in the field. Especially the government’s affordable housing and & lsquo; Make in India & rsquo; The initiative will also strengthen the region.

In the coming few years, Noida and Greater Noida can see new residential and commercial projects with 20% annual growth, which will make it identity as the major real estate powerhouse of North India."Text-Align: justify;"> Stable Property Price

While Gitanjali Homestate founder Sunil Sisodia says that about this "Noida and Greater Noida have traveled a tremendous journey from satellite towns to busy urban centers, which are attracting both end-users and investors today. Their development is an excellent example of how strategic development, improvement in infrastructure and changing buyers’ choice affect the growth of the city.

Prior to epidemic, Noida and Greater Noida were mainly known for affordable housing, wide roads and planned infrastructure. These areas were quite popular among mid-segment buyers, and property prices were stable here compared to Delhi and Gurugram. Especially Noida-Greater Noida Expressway, Central Noida, Noida Extension and parts of Greater Noida were preferred locations for residential projects of reputed developers. Its demand was due to the closeness of connectivity, industrial hubs and IT parks.

Epidemics brought major changes in this area. People are now demanding big space, better facilities and greenery places. Due to the work from home, the demand for property increased rapidly in the suburbs of Noida and Greater Noida. & nbsp; Noida Extension and Greater Noida West are watching a steady increase in property prices. At the same time, Central Noida and Noida-Greater Noida Expressway are attracting upper middle class buyers due to premium infrastructure projects such as the upcoming Jewar Airport and Film City Project."

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The post Why is Noida and Noida Wests becoming a special choice for home buyer? These are 3 big reasons for this appeared first on .