Being the capital city of India, Delhi has always been a location that everybody would vouch for. With impeccable connectivity to the major hotspots of the country from all the four directions, Delhi NCR is also one of the megacities that can boast of having amenities, facilities, and transportation like no other state in India. It is therefore not an exaggeration to state that it will definitely register about 100 % growth in the sales volume when it comes to real estate investments in a really short period of time.
If the reports are to be believed, Delhi NCR has been recorded as one of the most profitable quarters in the last two years with housing sales registering more than 100 % of growth. Needless to say, there are multiple factors that have contributed to the same. Some of the most dominant factors are low home financing and more affordability present in the market. The depleting effect of the pandemic is also a contributing factor. People now feel that it is a safe time to make investments and that is why a favourable environment for home buyers is created and builders are re-entering the market gradually but confidently.
Most importantly, units that have been configured as 2BHK and 3BHK apartments are primarily attracting most of the buyers. The luxury segment interestingly has also been recording great success when compared with previous quarters. Another important factor and practice that has to be underlined here is people's interest in independent plots and villas. If you look at the unsold inventory and compare it with the past few years, you will see that there is a dip of about 9% in Delhi NCR unsold inventory.
Nowadays, people are also hinting towards the escalated levels of sales in the domain of real estate primarily because of developers’ interest in selling their projects quickly. Nobody wants to keep the raw material on hold for a really long period of time as the value and appreciation keeps on decreasing over time. That is why, the projects are being introduced to the market and interested buyers are now registering their interest and locking the deals at the earliest possible.
In addition to Delhi NCR, Noida, Greater Noida, Ghaziabad, and Gurgaon have also seen a lot of growth in the recent past and that indicates a very positive trajectory. If the trend continues for a longer duration, real estate might end up becoming the most robust part of the service sector of the Indian economy. While the demand for the residential homes has increased post-pandemic, people are also very interested in investing in the commercial properties. This is because the market is quite ripe here when it comes to offering visibility to the businesses active in Delhi NCR. Talking about SCO (Shop cum Offices), they too are quite a rage among the investors owing to their ability to offer a liberal canvas to small-sized retailers. People also want to go for luxurious properties as everybody wants a space that blends style and comfort.
If you are also somebody who has been looking forward to investing in Delhi NCR and have been waiting for the right time to take the plunge, we believe that now is the time for you to take the decision as the market is beaming with multiple opportunities and profitable avenues for you to explore. If you want to know more about the ways to enter the real estate investments and if you are somebody who is new to the concept of buying and selling properties, you can get in touch with Geetanjali Homestate Private Limited and explore the best options available for you as per your budget and suitability with no hassles at all!
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