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Are We Returning Back on Track? The Real Estate Growth is Awaiting

21 Nov 2019 5 min read
Home Loan: Are We Returning Back on Track? The Real Estate Growth is Awaiting

Property market witnessed the highest inflow of funds in 2018 since the last 10 years

In light of the constructive initiatives of the Government, there will be more inflow of funds in the realty sector. As per a recent Economic Times report, in the next 3-4 years, there will be incurred interest of global investors, and there will be more inflow of global funds here. Asian funds like Ascendas Signbridge, GIC, and Temasek are increasing their direct investments. Other funds that are active in the real estate include Canada’s Brookefield Asset Management, Japan’s Mitsubishi, American Fund Managers Blackstone, and KKR, QIA of west Asia to name a few. Affordable housing is the next engine of growth in India. There will be a significant investment in the affordable housing and consumers are getting benefit under Pradhan Mantri Awas Yojana.

The positive sentiment is likely to impact the consumers demand positively. The end user will explore options in terms of residential and commercial properties. To help consumers, here we present the capital values per sq. ft. price of top mid segment localities in NCR

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Delhi

Lajpat Nagar 2

₹ 8900-15030

Moti Nagar

₹ 10270-13470

Model Town

₹ 8990-14470

Kalkaji

₹ 8465-14875

Pitampura

₹ 8565-14510

Vivek Vihar

₹ 9090-13780

Jhilmil Colony

₹ 8890-13930

Lajpat Nagar I

₹ 8110-13780

Shalimar Bagh

₹ 7930-13520

Patparganj

₹ 8380-13015

 

Gurgaon

Sector 48

₹ 6185-9750

Sector 47

₹ 6175-9745

Sector 61

₹ 7150-9220

Sector 62

₹ 7330-9400

Sector 50

₹ 6030-9230

Malibu Town

₹ 5780-9410

Sector 72

₹ 6210-8970

Sector 49

₹ 6090-8950

Sector 65

₹ 7220-10380

                                                                              

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Faridabad

Sector 77

₹ 2539-3753

Sector 47

₹ 2869-3970

Sector 61

₹ 2732-4297

Sector 62

₹ 2803-4069

Sector 50

₹ 6181-9563

 

Noida/Greater Noida

Sector 119

₹ 2539-3753

NH 24

₹ 2869-3970

Sector 62

₹ 2732-4297

Sector 120

₹ 2803-4069

Sector 78

₹ 6181-9563

Kendriya Vihar 2

₹ 4780-5660

Sector 77

₹ 4630-6130

Sector 62 Block B

₹ 4450-5960

Pi 2

₹ 2640-3760

Chi 5

₹ 3150-4100

Pari Chowk

₹ 3320-5370

Alpha 1

₹ 3890-4710

 

Ghaziabad

Vaishali

₹ 4205-6065

Vaishali Sector 3

4275-5810

Ahinsa Khand

₹ 4000-6500

Vaibhav Khand

₹ 4140-5990

Abhay Khand

₹ 4190-5960

Shipra Suncity

₹ 4380-5890

 

Gurgaon has ruled the NCR real estate market for over a decade, now Noida is expected to become its strong competitor in coming years. The extensive metro line to Noida Electronic City via Noida sector 62 and coming airport in Jewar will be a key point is the region’s development. The Airport at Jewar is likely to cater to 5 crore passengers. Should you have any queries or comments, feel free to reply here.

Image Source- The Financial Express