Emerging Corridors of Delhi NCR
Aug27

Emerging Corridors of Delhi NCR

The vital factors behind the growth of satellite towns and various other NCR suburbs are mainly the close proximity to the national capital, availability of spacious residential units, inexpensive property prices and rapidly growing infrastructure. However, the improving property prices in Delhi, NOIDA and Gurgaon along with a scarcity of housing units to accommodate budding migrant populace has vitally impelled the real estate market in satellite towns and suburbs. What Industry Experts Say? According to the industry experts, the real estate sector in the NCR has undergone tremendous changes in the last decade. Discrepancy in the demand and supply equation previously emerged as the chief reason for the existence of new corridors in this region. This in turn has greatly resulted in further addition of novice urban accumulations to leap the increasing demand and response for real estate asset programs. Industry experts also predict that the new master plans are also a reflection to the aforesaid phenomenon. Moreover, as these localities develops completely, saturate and gets established with advancement of physical as well as social infrastructure, the affordability factor would certainly diminish forcing the populaces to move away from the region in search of the property to invest in. Rapidly Emerging Regions Below mentioned are a few of the hotspots, which are rapidly emerging as top locations for successful real estate development in the NCR. 1. NOIDA-Greater NOIDA Expressway The NOIDA-Greater NOIDA Expressway location has emerged as a great residential destination. This locality has a terrific potential for the development of other asset classes such as hospitals, retail outlets, shopping or entertainment outlets, and hospitals. These asset classes are yet in an emerging phase of development. Industry experts believe that the rents and prices of commercial properties in this region will tend to continue to be low in comparison to other commercial regions of NCR. They also predict that this reason makes it as a promising hotspot for corporate. Also, with the increasing rate of migration, the region will also provide the essential incentives for the high demand and growth of other vital asset classes.  Recent reports also reveal that the location has already witnessed intensified activity in office and establishment space development merely with large number under construction in several prominent sectors. Furthermore, it is believed that major IT industries and businesses have planned to develop their campuses and there is also possibility that they might use the region to set up the new business ventures and or expand their existing operations in this region. Enhanced connectivity via extension of NOIDA metro line is expected to offer the essential impetus for this corridor. The already existing expressway in...

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