How real estate brands are building infrastructure in Delhi-NCR

Pranndeep Singh,

Director, White Flower Developers

The expansion of corporate environment, rising demand for office spaces and urban and semi-urban housing, as well as for prime sites and first-rate amenities, have all contributed to a substantial shift in the Indian real estate sector. According to a report by IBEF, India's real estate market is predicted to grow from $200 billion in 2021 to $1 trillion by 2030, accounting for 13% of GDP by 2025. This data highlights the fact that India's real estate market is expected to develop tremendously in the coming years, owing to the country's increased need for migration to larger cities for better work opportunities, as well as expansion in commercial spaces.

In comparison to other sought-after locations in India, Delhi-NCR has gained popularity in the eyes of real estate brands due to the presence of numerous multinational corporations in the area, particularly in Gurugram and Noida, and its transformation into a popular destination for career-driven individuals. This, as a result, has presented real estate players with the opportunity to plan state-of-the-art infrastructure in the area and target expansive growth and development.

Why real estate brands choose Delhi-NCR

Employment hub: Due to its popularity among professionals looking for potential career opportunities and growth of MNCs in the region, Delhi-NCR has experienced a spectacular boost in real estate brands' perception of it as a hotspot for infrastructure investment. Particularly, Gurugram has grown into the top location for real estate players to invest due to its wide variety of job opportunities and abundance of employment prospects. The city's image is further bolstered by the fact that it is home to several Fortune 500 firms, the number of which is steadily rising, giving realtors more of a reason to plan modern infrastructure in the city.

Superior infrastructure: The metro system, motorways, and well-built roadways have all contributed to Delhi-NCR's great infrastructural growth, creating a high-end network and connection. This in turn is driving the region's growth and development and making it a desirable location for both job seekers and prudent investors. With a striking increase in high streets, independent retail establishments, and integrated malls with office spaces encouraging the vertical development of commercial areas, Noida has developed into a desirable location for both individuals and realtors looking for upscale properties. In its recent study, 'India Market Monitor Q1 2023', CBRE India underlines the excellent retail revolution and rising leasing activity in the Noida and Greater Noida area. With millennials and generation Z progressively migrating to the city in search of opportunities, the demand for exquisite amenities and luxurious facilities that offer an amazing living experience is expanding, posing a great opportunity for real estate brands to plan infrastructure investments in Noida.

Dynamic social environment:Beyond upscale retail and office spaces, Delhi-NCR provides a thriving social scene that is complemented with a wide range of leisure and entertainment options. The city offers a variety of recreation alternatives, including upscale shopping centers, fine dining establishments, energetic nightclubs, and other exquisite places for individuals to unwind. Particularly in light of the new generation's need for inquisitive entertainment experiences, Delhi-NCR is no less than an incredible and profitable location for real estate investments, guaranteeing a stable and successful financial outlook for real estate players.

Delhi-NCR: An appealing destination for realtors

With the increased demand for both office and residential spaces, the Indian real estate market has experienced rapid growth, making Delhi-NCR a promising destination for real estate entrepreneurs seeking attractive investment returns in the future. Thanks to its first-rate infrastructure, expanding employment prospects and office spaces, range of housing alternatives, cutting-edge connectivity, and vibrant social scene, Delhi-NCR has evolved into an attractive place for real estate enterprises to plan infrastructure investments.

Given its rising popularity and appeal, it is safe to say the Delhi-NCR will become a top choice for individuals seeking advancement opportunities and luxurious living, making it an ideal location for real estate players to invest for long-term growth and expansion.

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