Tuesday 25 November 2014

NCR: The Heaven of Real estate developers and investors

In yesterday’s press conference PM Manmohan Singh though failed to count the achievements of his government but he did not forget to mention the investment attracted by his government especially in Real estate sector. NCR is among the highly priced Real estate markets of the world.  India’s capital region, though going through a tough phase, has seen unprecedented infrastructural growth.
  Real estate giant developers like DLF, Unitech, Omaxe, Ansal have chosen this region for their real estate projects. In recent time Gurgaon Faridabad and Noida are emerging as the industrial hub. You can find numbers of online and offline queries about office space in Gurgaon or residential properties in NCR.  Seeing the opportunity, Many small builders also are entering in the field and providing affordable housing and office spaces. KST is one of the well Known developers in NCR and their upcoming projects in faridabad and gurgaon have become the first choice of the peoples searching for affordable and convenient housing solution.  
The real estate sector in NCR is again witnessing growth in the residential and commercial.  Today, Delhi-NCR market is growing with rapid pace and new commercial malls and office spaces are opening up. NCR have about 35 per cent of the total mall in India. The reports suggest that Indian retail realty sector is projected to grow at 15 per cent for t coming 3-4 years. Investors who have seen a bad financial year are looking towards the Reality sector to get good return in New Year. Residential spaces are in high demands and upcoming projects in Faridabad are becoming the first choice of the investors.
Presence of information technology (IT) companies in NCR is giving a support to real estate markets. IT companies are generating good revenues and hence new companies are coming in the sectors. This is the reason behind growing demand of Office spaces in gurgaon.  . NCR is new home to many Multinational and national companies; It’s not only the IT sector but BPO, manufacturing and service industries also setting their office units in the region.  Being a capital region NCR is supported by government policies and Companies are opening their units’ ion NCR as it has trained labor and Infrastructure for easy operations. These Industries have boosted the demand for NCR’s residential real estate market.

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