India's Top 10 Property Destinations - Page 2

India's Top 10 Property Destinations

By siliconindia   |   Wednesday, March 14, 2012   |    18 Comments

2) Delhi-NCR:

National capital region (NCR) is another top property destination in India, when it comes to real estate.  The NCR is renowned for business, politics and fast growing infrastructure, which are driving the real estate growth in residential and commercial segment.  

Today high-tech townships are the new buzz word among real estate developers and NCR  boasts of having such townships like Wave city and Sushant Megapolis, which is in close proximity to Ghaziabad and Greater Noida.

Moreover, developers are coming up with more luxury housing projects in NCR region. Today, buyers are also making their shift from normal apartment to luxury apartments where they can experience premium facilities to boost their lifestyle. For instance, leading developers like DLF and Wave Infratech are investing huge amounts in luxury housing projects in the NCR region of Noida and Gurgaon. DLF has already sold 350 flats in luxury housing projects in a price bracket of about rs500 crore, at Gurgaon and Wave Infratech is likely to invest rs4000 crore to develop integrated township project in Noida.

Apart from luxury housing projects and integrated township projects, Noida in NCR region is also witnessing soaring demand for studio apartments. Therefore developers and realtors are investing in studio apartment segment to obtain good return on interest. These are the factors driving the growth of real estate development in Delhi-NCR region.

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