Realty Check: Land Prices in Mumbai Appreciate the Most - Page 5

Realty Check: Land Prices in Mumbai Appreciate the Most

By siliconindia   |   Monday, June 16, 2014

National Capital Region (NCR): The National Capital Regions of India, Gurgaon and Noida are best examples of high growth in the real estate market with well-planned satellite towns being the hot favorite among the property buyers and thus encouraging heavy investments in the area.

The limited land space in Delhi has led to the large-scale development in the NCR region, and both Gurgaon and Noida are now self-sustaining markets with availability of all residential, commercial and retail class. The significant rise in the Prime Residential Index is driven by increase in Prime property prices accompanied by a rising demand. The NCR region has witnessed several project launches in the last two years in the residential and commercial sector.

Bangalore: From being known as Pensioner’s Paradise to be renowned as hub of IT sector, Bangalore has totally transformed the Indian city. It is today witnessing the rise of high-tech IT parks, campuses and high rising office spaces. The housing in Bangalore ranges from smart apartments at durable prices to high-class penthouses and luxury villas with various attractions. It caters well to the real estate demand of the residents here and people moving in from various parts of India and other countries as well. The steady job growth and rising job opportunities are giving rise to the growth of the real estate market in the city, and is witnessing launch of high-end projects under commercial and residential usages.

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