Where
on one side most parts of the country are facing problems like Poor GDP
projections, reduced liquidity for end users, a rising consumer inflation index
and a plethora of other reasons for a downfall in real estate projects, NCR
(National Capital Region) is experiencing and enjoying a steady growth and
development particularly in terms of residential property.
 |
| Residential Development |
The
conurbation or metropolitan area which encompasses the entire Delhi as well as
urban areas surrounding it, i.e. NCR is on a verge of continuous development
with several projects coming up and ongoing at a rapid speed. Areas like Noida,
Greater Noida, Gurgaon, Faridabad, Rohtak, Bhiwadi, Sonipat and Panipat are on
the peak of its popularity for the growth and development of real estate
project running all over.
NCR's
residential market is expected to see renewed momentum in terms of fresh supply
with several large projects including townships expected to be launched in 2013
concentrated on emerging locations of Gurgaon and Noida such as Dwarka
Expressway, Southern Peripheral Road, Noida Extension, Greater Noida and along
the Noida-Greater Noida Expressway. There would also be a very wide variety in
product offering ranging from affordable to luxury, with the majority expected
to cater to the affordable and mid-priced segment.
In
terms of new project launches, micro markets such as Noida Extension, Greater
Noida, Noida-Greater Noida Expressway and Yamuna Expressway are expected to
come up with very large residential projects mainly in the affordable and
mid-priced segments to attract end-users. In Gurgaon, nearly 28,800 residential
units are likely to get added to the completed stock in 2013. Being
strategically located in close proximity to Delhi and Gurgaon, the upcoming
Aerocity and the Delhi International Airport, Dwarka Expressway is expected to
witness a healthy price appreciation in 2013. The commencement of the Rapid
Metro connecting Sikanderpur with DLF Cyber City will add to the attractiveness
of the surrounding areas resulting in capital values increasing further.
This
stretch provides good, affordable residential options, and a large portion of
demand for mid-sized housing in Gurgaon has been diverted to this region. With
prices being similar to those for developments in Noida, New Gurgaon has the
potential to compete with Noida.
These
areas undoubtedly are the residential hub of the country and investing here at
the right time would definitely make the right decision.
Being an integral part of the Real Estate Industry particularly in Delhi-NCR, Cosmic Structures Pvt. Ltd. Have three major projects running in these major areas i.e. Gurgaon, Noida and Greater Noida. With its ongoing projects- Cosmic Business Centre, Cosmic Corporate park and Cosmic Corporate Park-2, we take this opportunity to contribute towards the luxurious experience in real estate.
Visit http://www.cosmicindia.in/ to know about our ongoing projects.
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Tags : Residential projects, residential property in NCR, real estate development in NCR,Cosmic Projects, Cosmic Group .
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Like Noida and Gurgaon, which are in NCR region.These are in great progress in these days in the field of residential property. Its an high experience about it.
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