NCR: New Investment Zone for Mumbai Based Builders

NCR-investmentDelhi: The housing prices of Delhi-NCR real estate market have augmented in the prior quarter by approximately 20 per cent. This rise in the housing sector has attracted many builders in Delhi-NCR region. Many Mumbai based builders are trying to foray into the NCR housing real estate as Mumbai land prices are skyrocketing and it resulting into the high development costs of the projects.People are considering affordable housing hence the NCR area is witnessing high price appreciation whereas Delhi market is experiencing the slow growth in the prices. Companies like Oberoi realty, Godrej Properties, Tata housing and Puravankara projects are planning to launch new projects in the NCR and Gurgaon real estate.Mumbai based builders which are venturing into the NCR real estate market have decided to start with the low investment to reduce the risk of investment outside their home city. The companies are holding their investment at about Rs 100 crore and most of the companies are considering the partnership projects with local investors so that local logistics can be handled by the local partner.Godrej properties recently announced its residential project in Gurgaon with slightly low price rates. To get the proper response from public builders needs to launch smaller sized apartments with little less pricing. Oberoi realty has also announced that they would love to do a joint venture project with low investment cost to get settled in the NCR market.Tata Housing also launched their Gateway Capital project which got the great response which provided the quality of homes in the region. The NCR region is well connected to the Delhi city and land prices are also low compared to the Delhi region hence more and more investment can be seen in the NCR region.

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