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Real estate among top 3 micro-markets in Delhi-NCR; witnesses ‘upswing’ in demand, value

Priya Singh | 2023-09-20

Real estate continues to be the best investment option in Delhi-NCR micro-markets
The real estate market in the top three micro-markets - Delhi, Noida and Gurgaon - is witnessing an upswing in demand and value. Real estate continues to be the best investment option in Delhi-NCR micro-markets, with people choosing to prefer these cities over others to live
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Key Highlights
- Real estate in Delhi-NCR micro-markets to be the hotspots as far as the demand is concerned.

- In Gurgaon, Golf Course Road and Dwarka Expressway saw the highest peak in rentals with 14 per cent and 12 per cent YoY growth, respectively, making them the hotspots
In Noida, the highest growth in the capital values for ready-to-move properties was witnessed along Noida-Gr Noida E-way, along sectors 50, 75, 78, 79 & 107, with over 13 per cent YoY increase.
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- In Delhi, the sales took to a new high, establishing new price benchmarks across South and Central Delhi, with Central Delhi leading from the front.
In a report by Research & Reports (R&R), it was highlighted that each micro-market in Delhi-NCR is showing consistent momentum, with growth beyond everyone's expectations. Talking separately about all three micro-markets and their growth areas, the trends clearly show some prime pockets acing over others.
In Gurgaon, the three major markets include Golf Course Road, Golf Course Extension & SPR, and New Gurugram and Expressway, which are all registering YoY appreciation, and showing growth both, in terms of value and rentals. The ready-to-move properties here witnessed over 16 per cent YoY increase in capital values. With over 22 per cent YoY increase, under-construction properties saw higher appreciation in capital values as compared to ready-to-move properties. Demand for rentals witnessed an increase of 12 per cent YoY in average rentals. Golf Course Road and Dwarka Expressway saw the highest peak in rentals with 14 % and 12% YoY growth, respectively.