HomeLatestDelhi NCR leads India’s luxury real estate surge in H1 2024

Delhi NCR leads India’s luxury real estate surge in H1 2024

The National Capital Region (NCR) is rapidly establishing itself as India’s prime destination for luxury real estate, as the region benefits from a wave of infrastructure developments. Key areas such as Dwarka, Dwarka Expressway, and the Yamuna Expressway are witnessing a surge in residential and commercial projects, spurred by enhanced connectivity and strategic investments. According to JLL’s Delhi-NCR Residential Market Update for H1 2024, the NCR has outpaced other regions in the luxury residential segment, marking a shift in urban living preferences towards dynamic, accessible lifestyles.

Infrastructure has been the primary driver behind NCR’s real estate boom, with new expressways, extended metro links, and the development of new economic zones dramatically increasing property demand and value. The Dwarka Expressway, in particular, has emerged as a key area for both homebuyers and investors, offering reduced commute times to central business hubs in Delhi. This improvement in accessibility has made the region an attractive proposition for those seeking modern, connected living spaces.

The Yamuna Expressway has also risen to prominence as a hotbed for investment, further fuelled by the construction of the Noida International Airport, which is set to revolutionise connectivity to key urban centres. As this infrastructure project progresses, the real estate landscape in and around the Yamuna Expressway is expected to evolve significantly. Furthermore, the Delhi-Mumbai Expressway is poised to enhance real estate values along its corridor, connecting NCR with major national economic hubs and expanding its market reach.

Sustainability is becoming increasingly central to these developments. As infrastructure projects expand, so does the focus on eco-friendly building practices and sustainable urban planning. Developers are prioritising energy-efficient designs, green spaces, and sustainable materials in their projects, ensuring that the rapid growth of NCR’s real estate market aligns with broader environmental goals. This focus on sustainability not only caters to the growing demand for eco-conscious living but also contributes to the long-term resilience of the region’s urban fabric, balancing rapid development with environmental stewardship.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

CREDAI Sees Housing Gaps After Union Budget

CREDAI Sees Housing Gaps After Union Budget

0
India’s real estate sector is raising concerns over the future of low-cost homes after the latest Union Budget offered no targeted measures to expand...
LML Realty advances MSME industrial park

LML Realty advances MSME industrial park

0
LML Realty has moved forward with the development of a 35-acre industrial park in Haryana, marking a significant step in infrastructure-led manufacturing expansion aimed...
India Government Plans CPSE Real Estate Monetisation Push

India Government Plans CPSE Real Estate Monetisation Push

0
The Union government has outlined a fresh strategy to unlock the economic value of land and buildings owned by central public sector enterprises, signalling...
Maharashtra Real Estate Outlines Next Urban Phase

Maharashtra Real Estate Outlines Next Urban Phase

0
Maharashtra’s real estate and urban development ecosystem is preparing to outline its next phase of expansion as the state steps into a national policy...
Union Budget Unlocks CPSE Real Estate Assets

Union Budget Unlocks CPSE Real Estate Assets

0
The Union Budget for FY27 has delivered a decisive signal to capital markets by outlining a framework to accelerate the monetisation of government-owned real...