Delhi – the national capital of India has always been one of the most significant and influential real estate markets.The city is privileged to have global quality infrastructure, world-class connectivity, giant national and international corporations, and an ever-growing spectrum of job opportunities. All this goes to a newer level if we talk about Delhi-NCR as a collective real estate entity. Despite the bad times of the COVID-19 pandemic, the residential real estate market in the city has registered remarkable growth with immense resilience. This blog discusses some of the ongoing real estate market dynamics prevailing in the national capital Delhi.
The market is all set to reach stratospheric heights in 2022
Any investment made in the real estate in the city always offers not only high ROI but also a unique sense of security. This is the reason the city has bolstered its strong position as one of the most alluring as well as rewarding destinations for investment. What’s more, the ever-growing awareness of the buyers of the
4 BHK Flats in Delhi as a stable and more secured option even in the shaky and discouraging time has further contributed a lot to push the demand graph up. The real estate growth momentum across the city is poised to continue with readiness to reach stratospheric heights in the years to come.
The mismatch between the demand and supply is being addressed
With the ever-increasing demand for residential properties including the luxurious
2 BHK flat in South Delhi, certain shifts have been observed in the scenario as far as the dynamics of the demand and supply are concerned. Over the last few years, particularly in the past 2 decades, the supply of housing in different segments in the national capital has been low when compared to the neighboring cities such as Gurgaon, Noida, and Greater Noida.
However, some reputed real estate developers like M2K Group have risen to the occasion to meet the ever-growing demands for housing across segments. As a result, the areas that are offering luxurious housing including the mid-segment projects are performing excellently well.
Millennials are expected to fast emerge as the catalysts behind the growth
Exhibiting a remarkable performance, the real estate market in the national capital recorded handsome sales even during the times of the pandemic. As per the data revealed by Knight Frank India, the residential real estate market in the national capital is going to see a new high in the demand for housing across segments because of the following reasons:
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Well-developed micro-markets
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Large-scale infrastructure development
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Modern amenities and demand from buyers from across the segments
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The arrival of new business leaders
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Already present corporate professionals
And, millennials are expected to fast emerge as the catalysts behind this would-be growth. In another revelation, Knight Frank India says that the homebuyers in the national capital are interested in buying three types of given below properties:
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Plots
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Near-completion properties, and
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Ready-to-move in properties including 4 BHK Flats in Delhi
Currently, the lowered prices on properties across segments and dipped home loan rates have also taken the affordability index to the next level. The past 6 months have also witnessed various new projects by the top developers in the city as the pressure is mounting to compete with the real state players existing in other parts of the national capital region including Noida & Greater Noida.
Expression of opulent lifestyle VS secured investment
The national capital Delhi also known as a truly global city provides its residents with a unique opportunity to live life to the full across the residential spaces nestled both in the gated societies as well as high-rise condos. Here the residents have access to facilities and amenities such as state-of-the-art social infrastructure, large clubhouses, and community centers with the capability of meeting all the ultramodern benchmarks.
Delhi accommodates the largest number of working professionals who are currently investing in 2 BHK flat in South Delhi and other parts of the city as well, not only as their expression of an ultra-luxurious lifestyle but also as a unique opportunity to make a secured investment. Some of the topmost attractions in the new developments that grab their attention include the following:
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Large open spaces
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Verdant greenery all across
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Bigger customizations
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Ultramodern amenities and facilities in well-developed areas, and
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The willingness to stay in close vicinity of the well-known corporate hubs
The changes adopted by the Government in the national capital
There were times when even those who had been living in Delhi for the past many years were migrating due to mixed reasons. The list of possible reasons might include the raised level of pollution, scarcity of spaces, lack of new-age planning in the construction, and the issues associated with the connectivity. But when the metro facility came into existence along with the strict provision of CNG-fuelled buses, the entire picture of Delhi changed for a big surprise. The town and country planning department came up with several appreciable initiatives to make Delhi a truly world-class city.
Today, Delhi is attracting homebuyers and investors not only from each and every part of India but also from across the globe. There is no dearth of foreign diplomats who want to settle in Delhi permanently after they retire from the service. As for working professionals from across the sectors, they prefer Delhi to any other city across the national capital region because of the world-class facilities and amenities that Delhi offers to them. All this is shaping Delhi as one of the most lucrative residential destinations.
Concluding Remarks
The M2K Group is a leading Indian business organization with diversified interests in high-growth business verticals. Currently, it is operating in various sunrise sectors including Biologicals, Infrastructure, Real Estate, Multiplexes, and Defense & Aviation with remarkable success. Be it a 2 BHK flat in South Delhi or any other part of the city, M2K products are well known to live up to the expectations of the homebuyers by providing superior quality and enhanced lifestyle.