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
- Advertisment -spot_img

Most Popular

Recent Comments

Alibag Land Market Booms As Peninsula Launches Premium Plot Project

Alibag Land Market Booms As Peninsula Launches Premium Plot Project

0
Alibag’s growing appeal as a premium second-home and investment destination has received a new boost with Peninsula Land’s entry into the market. The real...
Mohali GMADA Proposes Rs800 Cut In Enhancement Charges For Sectors 76 To 80 Pending Comparative Study With Noida And Haryana Models

Mohali GMADA Proposes Rs800 Cut In Enhancement Charges For Sectors 76 To 80 Pending...

0
Mohali’s Greater Mohali Area Development Authority (GMADA) has proposed a significant reduction in enhancement charges for plot owners in Sectors 76 to 80, a...
Maharashtra Chief Minister To Deliver First Batch Of BDD Homes In South Mumbai On July 21

Maharashtra Chief Minister To Deliver First Batch Of BDD Homes In South Mumbai On...

0
Maharashtra Chief Minister is set to hand over the first completed flats under the BDD chawl redevelopment project in Worli on July 21, marking...
Piramal Realty Sells Sea Facing Mumbai Penthouse and Duplexes for Rs 100 Crore

Piramal Realty Sells Sea Facing Mumbai Penthouse and Duplexes for Rs 100 Crore

0
Piramal Realty has successfully closed one of the most high-value luxury real estate transactions in Mumbai, selling a sea-facing penthouse along with two duplex...
Mittal Builders Partner With HoABL To Build Rs 2000 Crore 11 Acre MMR Township

Mittal Builders Partner With HoABL To Build Rs 2000 Crore 11 Acre MMR Township

0
Mittal Builders has entered a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq ft integrated township...