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

MIDC Directs Four Hinjewadi Developers To Cut Air And Noise Pollution

MIDC Directs Four Hinjewadi Developers To Cut Air And Noise Pollution

0
The Maharashtra Industrial Development Corporation (MIDC) has issued directives to four major developers in the Megapolis area of Hinjewadi IT park to reduce air...
Asian Paints Launches Emporio Renaissance Club Honouring Top 100 Luxury Wood Partners

Asian Paints Launches Emporio Renaissance Club Honouring Top 100 Luxury Wood Partners

0
Asian Paints has launched the Emporio Renaissance Club, an initiative recognising the top 100 trade partners in India’s luxury wood finishes segment, underlining its...
VIP Industries Appoints Sameer Wanchoo As Chief Marketing Officer To Strengthen Mumbai Operations

VIP Industries Appoints Sameer Wanchoo As Chief Marketing Officer To Strengthen Mumbai Operations

0
VIP Industries Limited has reinforced its executive leadership by appointing Sameer Wanchoo as Chief Marketing Officer, based in Mumbai. Effective from December 2025, Wanchoo’s...
Brookfield Properties Unveils Mumbai Office Project Spanning 13 Lakh Sq Ft For JPMorgan

Brookfield Properties Unveils Mumbai Office Project Spanning 13 Lakh Sq Ft For JPMorgan

0
Mumbai is set to welcome a landmark office development as Brookfield Properties embarks on constructing a 13-lakh-square-foot facility for JPMorganChase in Powai. The project,...
Mumbai Collectors Collaborate With Developers To Simplify Land Approvals And Regulatory Processes

Mumbai Collectors Collaborate With Developers To Simplify Land Approvals And Regulatory Processes

0
The District Collectors of Mumbai City and Mumbai Suburban have taken a collaborative step to improve land governance, engaging leading real estate bodies to...