Delhi-National Capital Region has performed exceptionally in the real estate market of the country and has secured the prominent place in the top most submarkets in the country. The scarcity of land parcels in Delhi and increasing growth of the city worked in favor of the suburban areas of Delhi and Delhi National Capital Region came into the picture. The National Capital Region real estate markets have been the most active real estate market in the last year. The commercial, residential and retail real estate markets of the NCR region are witnessing the huge growth because of the suburban towns surrounding the prime city. The region has a great opportunity for the residential and commercial real estate market in terms of financial viability and affordability for both end-users and developers. Past records from the NCR region clearly suggest that the suburban areas are the growth drivers in the region. NCR has the vast availability of land parcels at affordable rates makes it a most sought after real estate market. NCR Commercial real estateDuring the year 2012, the commercial real estate of NCR was going through a period of stagnation. Global economic conditions were sluggish back then which created massive effect on the commercial real estate market of the NCR. The NCR commercial real estate market is hugely influenced by the IT/ITeS sector. The office demand across the country was reduced during the economic crisis of 2012 and the lowest absorption of 3.8 million sq. ft. The commercial occupiers were looking for cost control measures hence many companies halted their expansion plans. The new supply which entered the NCR commercial real estate market was also reduced in the period of 2009 to 2012. The first half of the 2013 observed improvement in the demand levels of commercial properties. The gross transaction volume during the second half of 2013 was observed at about 1.8 million sq ft. which was improve with substantial 84 per cent q-o-q improvement.The office market of Delhi, Gurgaon and Noida observed the highest demand in the commercial sector. The sub markets of Gurgaon and Noida remained the prime office markets in the NCR due to the affordable property prices. DLFCyberCity, Sohna Road and Noida-Greater Noida Expressway are the most sought after office destination in the NCR sub market.NCR Retail real estateThe commercial real estate of the NCR has helped the retail sector as it has a very healthy consumer base. The location includes several prime retail assets which are under construction and are set to come online in the next few years. Two major trends were observed in the retail market of the NCR. Retailers were observed to be downsizing the number of stores and large size retailers were also observed to be cutting their spaces. The retailer from both global and local segments observed steady demand. The NCR region houses highest number of operational malls compared to any other urban region of the country. The retail sector has the bright future prospects and many developments can be seen in the NCR in coming years. The Gurgaon and Noida regions are getting the highest demand for the retail development in the NCR submarket.NCR Residential Real EstateAlthough the country was suffering from the economic crisis, the residential real estate market of the NCR remained untouched by the influence of the sluggish real estate market of the country. The prices of properties keep on increasing over the period of time, but the demand of the residential properties remained in the momentum. The NCR region offers a wide range of projects ranging from apartments, villas to row houses, high-end bungalows. The end user and investor both are very keen to invest in the NCR region owing to the affordability factor and better future returns. Delhi city has been a marginal contributor in residential projects providing selected residential projects.Noida residential market is the largest contributor of the virgin supply in the overall residential real estate of the NCR. The Noida-Greater Noida Expressway Corridor has been the most vibrant locality of NCR which significantly contributed to apartment unit supply in the NCR. Noida corridor recorded the highest sales volume in the past 18 months. Gurgaon residential market of the NCR is the costliest sub market amongst all the precincts of NCR. The Gurgaon observed the controlled and steady real estate traction from both the investor and end user perspective. In 2008, Gurgaon real estate market recorded the peak absorption level which attracted numerous developers and builders in the sub market. Dwarka-Gurgaon Expressway and NH8 corridors accounted for the highest residential demand in the Gurgaon submarket. Gurgaon residential market is also seeing good traction in terms of luxury apartment supply by prominent national developers. Gurgaon corridors have seen a healthy increase in primary market price levels because of the healthy sales volumes in these sub-markets.Apart from the Noida and Gurgaon residential market, The Ghaziabad and Faridabad residential market has also showed great future prospects, especially in the affordable and mid-segment residential Real estate. The lower prices of the lands in Ghaziabad and Faridabad markets have attracted several developers and builders to develop affordable projects. Developers are eying the NH24 stretch of Ghaziabad which has the better living population as it has been undergoing the development from the past few years.Overall, the Delhi NCR residential market has seen sustained price increases that have contributed to a steady cooling-off of the demand momentum over the past 12-18 months. A lack of vacant space in preferred malls has led to retailers focusing on the prominent high streets of the main city, such as Connaught Place, South Extension, Khan Market and Rajouri Garden.The overall real estate market of the NCR has been impacted by various policies from the government which helped a lot to create better developments and facilities in the NCR market. The FDI policy has helped the retail sector of the Gurgaon and Noida regions. Government also made changes to the SEZ policy which benefited the commercial real estate of the NCR. Real Estate Regulatory bill and Land Acquisition, Rehabilitation and Resettlement Bill have also contributed in the growth of the over all real estate market of the National Capital Region.займ на карту без отказов круглосуточновзять кредит онлайн