The real estate sector is one of the most worldwide recognized sectors. It includes four sub-sectors: housing, retail, hospitality, and commercial. The Real estate growth rate in Delhi is well complemented by the growth in the corporate environment and the demand for space as well as urban and semi-urban accommodation. The construction industry ranks third among the 14 major sectors. Real estate growth rate in Delhi In recent years with the average housing prices rising in the last five 5 years. The average price of residential properties in Delhi-NCR was increased by 2019 6
The prices of the properties along the Yamuna Expressway have increased in the last five years, according to a report and the real estate sector is the second-highest employment generator, after the agriculture sector. The Real estate growth rate in Delhi is also a key factor for the increase in price.
There are some reasons of Real estate growth rate in Delhi
- Yamuna expressway
The property price with the Yamuna bank has increased by 2019 in the last five years, while the land prices also increased. It is also contributing to the Real estate growth rate in Delhi.
- Dwarka expressway
According to the reports in delhi-NCR region, the housing price hike jumped in Dwarka expressway during the quarter under review. The presence of a Metro city is also a key factor driving the Real estate growth rate in Delhi
- Delhi – Dehradun expressway
The price of land in Sabhapur extension located in northeast Delhi, increased by 2019 due to upcoming projects and a greenery environment.
- Metro cities and Rising prices
The price rise of properties is one of the most important reasons of Real estate growth rate in Delhi. In the past, property prices were more reasonable but now they have reached records in India. This increase in price is a key factor driving the growth of the real estate market. The growth of the real estate sector in Delhi can be attributed to several factors like Rapid urbanization, Growth in population, Rise in the number of nuclear families, Easy availability of finance and Rise in disposable income.
FAQ,s
- What is the growth rate in real estate in Delhi ?
Residential housing prices in the Delhi-NCR increased by 30% year on year during the April June quarter of 2024, the highest among the top eight cities in india according to the report.
- Are property prices rising in Delhi ?
The average rate of residential properties in Delhi-NCR has risen by 49 percent to Rs 6,800 per square foot in January June 2024.
- Is Delhi a good place to invest ?
Yes, Delhi is considered a prime location for real estate investments due to its strong economic fundamentals, high rental demand and potential for capital appreciation.
- Will property prices increase in 2025?
It’s plausible that home prices in 2025 will go up slightly, influenced by the complex interplay of economic growth, interest rates and technological advancements.
- Which is the fastest growing area in NCR?
Faridabad, one of the fastest-growing cities in the National Capital Region, boasts of a booming real estate landscape. Driven by various factors like infrastructure development, the city’s strategic location, and economic growth, investing in the region offers profitable investment returns.
- Which city in India is real estate booming?
The demand for real estate projects in Bangalore is on the rise, however, this is due to its thriving IT sector and a steady influx of professionals. With amazing infrastructure, well-connectivity, and a booming IT sector, Bangalore is the top real estate investment destination.
Neevilas Homes
NEEVILAS HOMES is known for its goodwill of 40 years. It is a one-stop shop for all your needs related to investing, purchasing and developing properties in North-East Delhi Real estate is considered as the safest form of investment, even at the time of recession, when the market was at its lowest the real estate market in our area Sabhapur Extension remained stable and the need gradually increased due to the size of domestic demand in India.
Neevilas Homes specializes in property investments, purchases, and developments in North-East Delhi. The company emphasizes the stability and growth of the real estate market in this region, even during economic downturns. As Delhi’s urbanization expands, the focus has shifted to North and North-East Delhi, areas where Neevilas is actively involved in providing upgraded infrastructure and development opportunities.
Delhi urbanization and development has taken place in various phases where the government has provided new upgraded infrastructure to these areas. First towards the southern NCR region of Delhi Gurgaon and the second phase towards Noida, now the focus is North and North east Delhi.