| The residential real estate in Delhi NCR is | | | | rise in the past few years, driven primarily by |
| expected to foresee an unprecedented growth in | | | | strong commercial growth and the need to |
| the near future. Rapid commercial developments | | | | accommodate pressures of urbanization. |
| leading to spillover in housing demand from Noida | | | | Other contributing factors providing a boost to |
| to Greater Noida, Gurgaon to Manesar, Ghaziabad | | | | the Gurgaon residential demand: |
| to Meerut and Faridabad. Here's a broad outlook: | | | | 1. Due to IT / IT ES revolution, corporate base is |
| Faridabad: Faridabad is currently witnessing an | | | | expanding in the region. |
| upward curve in its real estate sector that is likely | | | | 2. High-end projects are underway and more such |
| to continue unabated, as per the experts. With | | | | projects will be available for investment in future. |
| state-of-the-art infrastructure and facilities and | | | | 3. Proximity to domestic and international airports, |
| adequate supply of residential units at affordable | | | | coming up of highways and expressway and |
| prices offers a substantial room for growth in the | | | | proposed metro link, will enhance the connectivity |
| flow of investment. The construction activities are | | | | of the region. |
| going in full swing in the peripheral area like | | | | Noida: The twin cities of Noida and Greater Noida |
| Vaishali, Indirapuram, Ghaziabad and Faridabad. In | | | | emerged as the most important real estate |
| newly developed areas like Indirapuram, Vaishali | | | | destination of NCR. The demand for residential |
| and Vasundhara, the vacancy rates are quite high. | | | | accommodation will remain moderate and pricing |
| But, as more and more office space is built up in | | | | trend continues to remain stable. If developers |
| Noida, Greater Noida and Gurgaon, vacancy level | | | | launch new real estate projects with appropriate |
| will decline in these areas. | | | | prices, no decline in demand is expected in near |
| Gurgaon: Real estate values in the Gurgaon | | | | future. Noida continues to attract IT/ITES |
| residential real estate market are expected to | | | | companies due to its infrastructure in terms of |
| remain stable in 2008 as many new projects are | | | | transport and telecom facilities, lower rentals and |
| coming in the region, according to real estate | | | | capital values. |
| consultancies. The market has seen a continuous | | | | |