NCR REAL ESTATE AT A GLANCE - 2014
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- National Capital Region (NCR) comprises the entire National Capital Territory (NCT) including New Delhi. Besides, it also includes surrounding urban areas in neighbouring states like Uttar Pradesh, Haryana and Rajasthan. NCR is India’s largest as well as the world’s second largest urban agglomeration with a population of over 54 Lakh people as per the 2011 census. The total area of NCR is about 46,208 sq. km, spread across 18 districts, while NCT covers an area of about 1,484 sq. km. Delhi, also called NCT, is just about 2.9 per cent of this with over 25 million people to be residing here as of 2014.
- The NCT along with the urban areas in neighbouring states have been given special status of NCR under the Constitution of India’s 69th Amendment Act of 1991. The urban cities coming under NCR are Gurgaon, Noida, Ghaziabad, Faridabad, Neharpar, Greater Noida, Sonepat, Panipat, Karnal, Rohtak, Bhiwadi, Rewari, Baghpat, Meerut, Alwar, Bharatpur as well as towns nearby. Despite being a Union Territory, the political administration of NCT resembles that of a state. This is evident from the fact that it has its own legislature, High Court and executive Council of ministers headed by a Chief Minister. New Delhi is the capital of NCT and is jointly administered by the federal government of India and the State government of Delhi.
- Delhi is the largest commercial hub in North India with an estimated State Domestic Product of Rs 1,578 billion. The per capita income of Delhi as of 2013 was Rs 2,10,000, the highest in India. Some of the key industries in Delhi include IT, telecommunications, banking, hotels, tourism and media. Other important contributors to the city’s economy include real estate, construction, manufacturing, retail, power, health and community services.
- NCR witnessed the launch of about 300 projects in 2014, out of which 32 per cent were launched in Greater Noida, followed by 30 per cent in Gurgaon, 16 per cent in Ghaziabad, 14 per cent in Noida and 5 per cent in Faridabad.
- Interestingly, about 60 per cent of the new supply in NCR comprised of small-size projects that had less than 500 units each. All the five tracked cities had maximum supply of the small-size projects. With Modi’s ambitious vision of ‘Housing for All by 2022’, several developers have set their foot forward for launching affordable projects in major cities.
- About 28 per cent of the new supply comprised of mid-size projects that had units in the range of 500-1000. And only 12 per cent of the new supply comprised of large-size projects having more than 1000 units each.
- In Ghaziabad, 63 per cent supply comprised of the small-size projects (Less than 500), followed by mid- size (500-1000) with 22 per cent and large-size (1000 and above) with 15 per cent. Absence of large tracts of land has encouraged developers to launch small-size projects.
- From price perspective, NCR offered properties across different segments - affordable, mid, luxury and ultra-luxury. Interestingly, maximum new supply was recorded in the price range of Rs 2,500-4,000 per sq. ft. This can be validated by the fact that maximum projects that were launched in the last one year were small-size.
- Data indicates that Gurgaon, as expected, saw maximum supply of ultra-luxury projects, followed by Greater Noida and Faridabad with few projects.
- Data indicates that out of the total supply in 2014 in NCR, mid-segment topped the list with 48 per cent, followed closely by affordable segment with 21 per cent supply. Interestingly, ultra-luxury segment witnessed more new supply as against the luxury market.
- Gurgaon, surprisingly, witnessed almost equal launch of project in all segments. While the city limits boast of luxury properties, areas such as Bhiwadi and Dharuhera balances the graph with the availability of affordable properties.
- In Greater Noida, nearly 75 per cent projects are in the mid-segment, followed by affordable and luxury projects with 16 and 9 per cent respectively. This can be attributed to its distance from the already established growth centers like Delhi and Noida wherein prices are very high.
- Noida Extension and Yamuna Expressway have emerged as the front-runners that house the top localities in NCR based on both projects and units launched over the year. Strategic location coupled with affordable property values have made these emerging markets score positive on the realty graph of NCR.
- In Gurgaon, top 10 markets by projects are mainly skewed towards New Gurgaon, Yamuna Expressway and Sohna Road. Based on number of units launched over the year, all the zones in Gurgaon recorded considerable supply.
- In Bhiwadi, Alwar Bypass Road, Sector 106, Tapukara and Chopanki were the top scorers for the top 10 markets based on both new projects and units launch.
- In Noida, Sector-79, Sector- 150 and Noida Expressway tops the list for both new launch supply by projects and units.
- In Ghaziabad, NH-24, Raj Nagar Extension and Vasundhara tops the list based on number of new launch projects. However, based on number of units, Krishna Vihar secured the third position with NH-24 and Raj Nagar Extension retaining their spots at first and second.
- In 2014, NCR recorded a 20 per cent overall supply for plots and a mere of 3 per cent for villas and row houses.
- As per data, the key trend witnessed for plots is that most of the activity is happening in Ghaziabad. About 25 per cent of the total new supply in this property-type in 2014 was launched here, followed by Faridabad and Greater Noida with 23 and 21 per cent respectively.
- In Ghaziabad, plots sized 450-900 sq. ft. were available in the price range of Rs 800-2,000 per sq. ft.
- In Greater Noida, plots sized 450-1,080 sq. ft. were available in the price range of Rs 1,000-2,800 per sq. ft. However, almost similar size plots in Faridabad were available in the affordable price range of Rs 400-1,200 per sq. ft.
- For villas and row houses, Greater Noida and Gurgaon tops the list based on the total new projects and units supply. While the former has vast stretches of land available, the latter received demand for the well-heeled buyers for the said property type. Sized 2,000-4,500 sq. ft., these villas are priced between Rs 5,000-7,000 per sq. ft. in Greater Noida, while in Gurgaon villas sized 2,500-5,000 sq.ft. were priced anywhere between Rs 7,000-8,500 per sq. ft.
- As per data, NCR witnessed the launch of about 250 new projects in 2014. Interestingly, about 310 projects that were launched in the last few years were expected to be completed during the same period.
- One interesting trend seen is that number of large projects (1000 plus units) that were slated for completion in 2014 outnumbered the new launch projects in the same category with 10 per cent. Thus, it is clearly evident that small-size project is the new flavour of the season.
- With 30 per cent, Gurgaon tops the ladder for maximum ready-to-move-in supply, while Greater Noida tops the list for maximum new launch supply in 2014.
- While 14 per cent new launch supply entered Ghaziabad market in 2014, about 19 per cent projects were available for ready-to-move-in during the same period.
- As per CommonFloor data, NCR market saw decent absorption of units that were launched during 2014. Faridabad tops the list with 54 per cent absorption, followed by Noida with 46 per cent, Ghaziabad with 44 per cent and Greater Noida with 41 per cent.
- In Ghaziabad, Crossings Republik tops the list with 83 per cent absorption, followed by Vasundhara and Lal Kuan with 70 and 63 per cent respectively.
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All the data represented on the map is for the year 2014 only.
- National Capital Region (NCR) comprises the entire National Capital Territory (NCT) including New Delhi. Besides, it also includes surrounding urban areas in neighbouring states like Uttar Pradesh, Haryana and Rajasthan. NCR is India’s largest as well as the world’s second largest urban agglomeration with a population of over 54 Lakh people as per the 2011 census. The total area of NCR is about 46,208 sq. km, spread across 18 districts, while NCT covers an area of about 1,484 sq. km. Delhi, also called NCT, is just about 2.9 per cent of this with over 25 million people to be residing here as of 2014.
- The NCT along with the urban areas in neighbouring states have been given special status of NCR under the Constitution of India’s 69th Amendment Act of 1991. The urban cities coming under NCR are Gurgaon, Noida, Ghaziabad, Faridabad, Neharpar, Greater Noida, Sonepat, Panipat, Karnal, Rohtak, Bhiwadi, Rewari, Baghpat, Meerut, Alwar, Bharatpur as well as towns nearby. Despite being a Union Territory, the political administration of NCT resembles that of a state. This is evident from the fact that it has its own legislature, High Court and executive Council of ministers headed by a Chief Minister. New Delhi is the capital of NCT and is jointly administered by the federal government of India and the State government of Delhi.
- Delhi is the largest commercial hub in North India with an estimated State Domestic Product of Rs 1,578 billion. The per capita income of Delhi as of 2013 was Rs 2,10,000, the highest in India. Some of the key industries in Delhi include IT, telecommunications, banking, hotels, tourism and media. Other important contributors to the city’s economy include real estate, construction, manufacturing, retail, power, health and community services.
- NCR witnessed the launch of about 300 projects in 2014, out of which 32 per cent were launched in Greater Noida, followed by 30 per cent in Gurgaon, 16 per cent in Ghaziabad, 14 per cent in Noida and 5 per cent in Faridabad.
- Interestingly, about 60 per cent of the new supply in NCR comprised of small-size projects that had less than 500 units each. All the five tracked cities had maximum supply of the small-size projects. With Modi’s ambitious vision of ‘Housing for All by 2022’, several developers have set their foot forward for launching affordable projects in major cities.
- About 28 per cent of the new supply comprised of mid-size projects that had units in the range of 500-1000. And only 12 per cent of the new supply comprised of large-size projects having more than 1000 units each.
- In Greater Noida, 47 per cent supply comprised of the mid-size projects (500-1000), followed by small- size (Less than 500) with 38 per cent and large-size (1000 and above) with 15 per cent.
- As opposed to the general market trend in all the tracked cities of NCR, Greater Noida had maximum supply of mid-size projects (500-1000 units). This can mainly be attributed to the lack of developed social infrastructure in the region. Thus, in projects with 500 plus units, developers tend to provide all the requisite amenities for day-to-day living.
- From price perspective, NCR offered properties across different segments - affordable, mid, luxury and ultra-luxury. Interestingly, maximum new supply was recorded in the price range of Rs 2,500-4,000 per sq. ft. This can be validated by the fact that maximum projects that were launched in the last one year were small-size.
- Data indicates that Gurgaon, as expected, saw maximum supply of ultra-luxury projects, followed by Greater Noida and Faridabad with few projects.
- Data indicates that out of the total supply in 2014 in NCR, mid-segment topped the list with 48 per cent, followed closely by affordable segment with 21 per cent supply. Interestingly, ultra-luxury segment witnessed more new supply as against the luxury market.
- Gurgaon, surprisingly, witnessed almost equal launch of project in all segments. While the city limits boast of luxury properties, areas such as Bhiwadi and Dharuhera balances the graph with the availability of affordable properties.
- In Greater Noida, nearly 75 per cent projects are in the mid-segment, followed by affordable and luxury projects with 16 and 9 per cent respectively. This can be attributed to its distance from the already established growth centers like Delhi and Noida wherein prices are very high.
- Noida Extension and Yamuna Expressway have emerged as the front-runners that house the top localities in NCR based on both projects and units launched over the year. Strategic location coupled with affordable property values have made these emerging markets score positive on the realty graph of NCR.
- In Gurgaon, top 10 markets by projects are mainly skewed towards New Gurgaon, Yamuna Expressway and Sohna Road. Based on number of units launched over the year, all the zones in Gurgaon recorded considerable supply.
- In Bhiwadi, Alwar Bypass Road, Sector 106, Tapukara and Chopanki were the top scorers for the top 10 markets based on both new projects and units launch.
- In Noida, Sector-79, Sector- 150 and Noida Expressway tops the list for both new launch supply by projects and units.
- In Ghaziabad, NH-24, Raj Nagar Extension and Vasundhara tops the list based on number of new launch projects. However, based on number of units, Krishna Vihar secured the third position with NH-24 and Raj Nagar Extension retaining their spots at first and second.
- In 2014, NCR recorded a 20 per cent overall supply for plots and a mere of 3 per cent for villas and row houses.
- As per data, the key trend witnessed for plots is that most of the activity is happening in Ghaziabad. About 25 per cent of the total new supply in this property-type in 2014 was launched here, followed by Faridabad and Greater Noida with 23 and 21 per cent respectively.
- In Ghaziabad, plots sized 450-900 sq. ft. were available in the price range of Rs 800-2,000 per sq. ft.
- In Greater Noida, plots sized 450-1,080 sq. ft. were available in the price range of Rs 1,000-2,800 per sq. ft. However, almost similar size plots in Faridabad were available in the affordable price range of Rs 400-1,200 per sq. ft.
- For villas and row houses, Greater Noida and Gurgaon tops the list based on the total new projects and units supply. While the former has vast stretches of land available, the latter received demand for the well-heeled buyers for the said property type. Sized 2,000-4,500 sq. ft., these villas are priced between Rs 5,000-7,000 per sq. ft. in Greater Noida, while in Gurgaon villas sized 2,500-5,000 sq.ft. were priced anywhere between Rs 7,000-8,500 per sq. ft.
- As per data, NCR witnessed the launch of about 250 new projects in 2014. Interestingly, about 310 projects that were launched in the last few years were expected to be completed during the same period.
- One interesting trend seen is that number of large projects (1000 plus units) that were slated for completion in 2014 outnumbered the new launch projects in the same category with 10 per cent. Thus, it is clearly evident that small-size project is the new flavour of the season.
- With 30 per cent, Gurgaon tops the ladder for maximum ready-to-move-in supply, while Greater Noida tops the list for maximum new launch supply in 2014.
- While 31 per cent new launch supply entered Greater Noida market in 2014, only 6 per cent projects were available for ready-to-move-in during the same period. This is mainly because Greater Noida has recently entered the realty growth bandwagon.
- As per CommonFloor data, NCR market saw decent absorption of units that were launched during 2014. Faridabad tops the list with 54 per cent absorption, followed by Noida with 46 per cent, Ghaziabad with 44 per cent and Greater Noida with 41 per cent.
- In Greater Noida, Surajpur tops the list with 90 per cent absorption, followed by OMICRON I and Tech Zone IV with 80 and 75 per cent.
< 500 units
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1000-1500 units
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< Rs5000 /sq.ft.
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Rs10000-15000/sq.ft.
> Rs15000/sq.ft.
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Projects
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units
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Plots and Layouts
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Villas and Row houses
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Completed in 2014
Launched in 2014
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All the data represented on the map is for the year 2014 only.
- National Capital Region (NCR) comprises the entire National Capital Territory (NCT) including New Delhi. Besides, it also includes surrounding urban areas in neighbouring states like Uttar Pradesh, Haryana and Rajasthan. NCR is India’s largest as well as the world’s second largest urban agglomeration with a population of over 54 Lakh people as per the 2011 census. The total area of NCR is about 46,208 sq. km, spread across 18 districts, while NCT covers an area of about 1,484 sq. km. Delhi, also called NCT, is just about 2.9 per cent of this with over 25 million people to be residing here as of 2014.
- The NCT along with the urban areas in neighbouring states have been given special status of NCR under the Constitution of India’s 69th Amendment Act of 1991. The urban cities coming under NCR are Gurgaon, Noida, Ghaziabad, Faridabad, Neharpar, Greater Noida, Sonepat, Panipat, Karnal, Rohtak, Bhiwadi, Rewari, Baghpat, Meerut, Alwar, Bharatpur as well as towns nearby. Despite being a Union Territory, the political administration of NCT resembles that of a state. This is evident from the fact that it has its own legislature, High Court and executive Council of ministers headed by a Chief Minister. New Delhi is the capital of NCT and is jointly administered by the federal government of India and the State government of Delhi.
- Delhi is the largest commercial hub in North India with an estimated State Domestic Product of Rs 1,578 billion. The per capita income of Delhi as of 2013 was Rs 2,10,000, the highest in India. Some of the key industries in Delhi include IT, telecommunications, banking, hotels, tourism and media. Other important contributors to the city’s economy include real estate, construction, manufacturing, retail, power, health and community services.
- NCR witnessed the launch of about 300 projects in 2014, out of which 32 per cent were launched in Greater Noida, followed by 30 per cent in Gurgaon, 16 per cent in Ghaziabad, 14 per cent in Noida and 5 per cent in Faridabad.
- Interestingly, about 60 per cent of the new supply in NCR comprised of small-size projects that had less than 500 units each. All the five tracked cities had maximum supply of the small-size projects. With Modi’s ambitious vision of ‘Housing for All by 2022’, several developers have set their foot forward for launching affordable projects in major cities.
- About 28 per cent of the new supply comprised of mid-size projects that had units in the range of 500-1000. And only 12 per cent of the new supply comprised of large-size projects having more than 1000 units each.
- In Gurgaon, 52 per cent supply comprised of the small-size projects (Less than 500), followed by mid- size (500-1000) with 36 per cent and large-size (1000 and above) with 12 per cent.
- Due to absence of large tracts of land, Gurgaon, that was once popular for luxury projects, witnessed launch of maximum small-size and mid-size projects over the year. This can also be attributed to the overall euphoria of affordable housing as several realty giants have launched affordable project in Gurgaon.
- In Bhiwadi and Dharuhera, 48 per cent supply comprised of the small-size projects (Less than 500), followed by mid- size (500-1000) with 39 per cent and large-size (1000 and above) with 13 per cent. Both the areas are known to be affordable hotspots in NCR.
- Buyers who couldn’t afford Gurgaon, Bhiwadi and Dharuhera, located at a distance of about 45 km from here, evolved as potential options. Thus, in addition to the demand by local residents, these areas also received the spillover demand from Gurgaon.
- From price perspective, NCR offered properties across different segments - affordable, mid, luxury and ultra-luxury. Interestingly, maximum new supply was recorded in the price range of Rs 2,500-4,000 per sq. ft. This can be validated by the fact that maximum projects that were launched in the last one year were small-size.
- Data indicates that Gurgaon, as expected, saw maximum supply of ultra-luxury projects, followed by Greater Noida and Faridabad with few projects.
- Data indicates that out of the total supply in 2014 in NCR, mid-segment topped the list with 48 per cent, followed closely by affordable segment with 21 per cent supply. Interestingly, ultra-luxury segment witnessed more new supply as against the luxury market.
- Gurgaon, surprisingly, witnessed almost equal launch of project in all segments. While the city limits boast of luxury properties, areas such as Bhiwadi and Dharuhera balances the graph with the availability of affordable properties.
- In Greater Noida, nearly 75 per cent projects are in the mid-segment, followed by affordable and luxury projects with 16 and 9 per cent respectively. This can be attributed to its distance from the already established growth centers like Delhi and Noida wherein prices are very high.
- Noida Extension and Yamuna Expressway have emerged as the front-runners that house the top localities in NCR based on both projects and units launched over the year. Strategic location coupled with affordable property values have made these emerging markets score positive on the realty graph of NCR.
- In Gurgaon, top 10 markets by projects are mainly skewed towards New Gurgaon, Yamuna Expressway and Sohna Road. Based on number of units launched over the year, all the zones in Gurgaon recorded considerable supply.
- In Bhiwadi, Alwar Bypass Road, Sector 106, Tapukara and Chopanki were the top scorers for the top 10 markets based on both new projects and units launch.
- In Noida, Sector-79, Sector- 150 and Noida Expressway tops the list for both new launch supply by projects and units.
- In Ghaziabad, NH-24, Raj Nagar Extension and Vasundhara tops the list based on number of new launch projects. However, based on number of units, Krishna Vihar secured the third position with NH-24 and Raj Nagar Extension retaining their spots at first and second.
- In 2014, NCR recorded a 20 per cent overall supply for plots and a mere of 3 per cent for villas and row houses.
- As per data, the key trend witnessed for plots is that most of the activity is happening in Ghaziabad. About 25 per cent of the total new supply in this property-type in 2014 was launched here, followed by Faridabad and Greater Noida with 23 and 21 per cent respectively.
- In Ghaziabad, plots sized 450-900 sq. ft. were available in the price range of Rs 800-2,000 per sq. ft.
- In Greater Noida, plots sized 450-1,080 sq. ft. were available in the price range of Rs 1,000-2,800 per sq. ft. However, almost similar size plots in Faridabad were available in the affordable price range of Rs 400-1,200 per sq. ft.
- For villas and row houses, Greater Noida and Gurgaon tops the list based on the total new projects and units supply. While the former has vast stretches of land available, the latter received demand for the well-heeled buyers for the said property type. Sized 2,000-4,500 sq. ft., these villas are priced between Rs 5,000-7,000 per sq. ft. in Greater Noida, while in Gurgaon villas sized 2,500-5,000 sq.ft. were priced anywhere between Rs 7,000-8,500 per sq. ft.
- As per data, NCR witnessed the launch of about 250 new projects in 2014. Interestingly, about 310 projects that were launched in the last few years were expected to be completed during the same period.
- One interesting trend seen is that number of large projects (1000 plus units) that were slated for completion in 2014 outnumbered the new launch projects in the same category with 10 per cent. Thus, it is clearly evident that small-size project is the new flavour of the season.
- With 30 per cent, Gurgaon tops the ladder for maximum ready-to-move-in supply, while Greater Noida tops the list for maximum new launch supply in 2014.
- While 22 per cent new launch supply entered Gurgaon market in 2014, about 30 per cent projects were available for ready-to-move-in during the same period. Thus, the city has good mix of both the ready-to-move-in and new launch inventory.
- As per CommonFloor data, NCR market saw decent absorption of units that were launched during 2014. Faridabad tops the list with 54 per cent absorption, followed by Noida with 46 per cent, Ghaziabad with 44 per cent and Greater Noida with 41 per cent.
- In Gurgaon, Sector 89 A tops the list with 65 per cent absorption, followed by Sector 109 and Sector 80 with 60 per cent each.
< 500 units
500-1000 units
1000-1500 units
> 1500 units
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< Rs5000 /sq.ft.
Rs5000-10000/sq.ft.
Rs10000-15000/sq.ft.
> Rs15000/sq.ft.
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Top Localities
Projects
Projects
Top Localities
units
units
Show All
Top Localities
Villas and Row Houses
Villas and Row Houses
Top Localities
Plots and Layout Projects
Plots and Layout Projects
Show All
Completed in 2014
Launched in 2014
Show All
All the data represented on the map is for the year 2014 only.
- National Capital Region (NCR) comprises the entire National Capital Territory (NCT) including New Delhi. Besides, it also includes surrounding urban areas in neighbouring states like Uttar Pradesh, Haryana and Rajasthan. NCR is India’s largest as well as the world’s second largest urban agglomeration with a population of over 54 Lakh people as per the 2011 census. The total area of NCR is about 46,208 sq. km, spread across 18 districts, while NCT covers an area of about 1,484 sq. km. Delhi, also called NCT, is just about 2.9 per cent of this with over 25 million people to be residing here as of 2014.
- The NCT along with the urban areas in neighbouring states have been given special status of NCR under the Constitution of India’s 69th Amendment Act of 1991. The urban cities coming under NCR are Gurgaon, Noida, Ghaziabad, Faridabad, Neharpar, Greater Noida, Sonepat, Panipat, Karnal, Rohtak, Bhiwadi, Rewari, Baghpat, Meerut, Alwar, Bharatpur as well as towns nearby. Despite being a Union Territory, the political administration of NCT resembles that of a state. This is evident from the fact that it has its own legislature, High Court and executive Council of ministers headed by a Chief Minister. New Delhi is the capital of NCT and is jointly administered by the federal government of India and the State government of Delhi.
- Delhi is the largest commercial hub in North India with an estimated State Domestic Product of Rs 1,578 billion. The per capita income of Delhi as of 2013 was Rs 2,10,000, the highest in India. Some of the key industries in Delhi include IT, telecommunications, banking, hotels, tourism and media. Other important contributors to the city’s economy include real estate, construction, manufacturing, retail, power, health and community services.
- NCR witnessed the launch of about 300 projects in 2014, out of which 32 per cent were launched in Greater Noida, followed by 30 per cent in Gurgaon, 16 per cent in Ghaziabad, 14 per cent in Noida and 5 per cent in Faridabad.
- Interestingly, about 60 per cent of the new supply in NCR comprised of small-size projects that had less than 500 units each. All the five tracked cities had maximum supply of the small-size projects. With Modi’s ambitious vision of ‘Housing for All by 2022’, several developers have set their foot forward for launching affordable projects in major cities.
- About 28 per cent of the new supply comprised of mid-size projects that had units in the range of 500-1000. And only 12 per cent of the new supply comprised of large-size projects having more than 1000 units each.
- In Noida, 70 per cent supply comprised of the small-size projects (Less than 500), followed by mid- size (500-1000) with 18 per cent and large-size (1000 and above) with 12 per cent. Absence of large tracts of land has encouraged developers to launch small-size projects.
- From price perspective, NCR offered properties across different segments - affordable, mid, luxury and ultra-luxury. Interestingly, maximum new supply was recorded in the price range of Rs 2,500-4,000 per sq. ft. This can be validated by the fact that maximum projects that were launched in the last one year were small-size.
- Data indicates that Gurgaon, as expected, saw maximum supply of ultra-luxury projects, followed by Greater Noida and Faridabad with few projects.
- Data indicates that out of the total supply in 2014 in NCR, mid-segment topped the list with 48 per cent, followed closely by affordable segment with 21 per cent supply. Interestingly, ultra-luxury segment witnessed more new supply as against the luxury market.
- Gurgaon, surprisingly, witnessed almost equal launch of project in all segments. While the city limits boast of luxury properties, areas such as Bhiwadi and Dharuhera balances the graph with the availability of affordable properties.
- In Greater Noida, nearly 75 per cent projects are in the mid-segment, followed by affordable and luxury projects with 16 and 9 per cent respectively. This can be attributed to its distance from the already established growth centers like Delhi and Noida wherein prices are very high.
- Noida Extension and Yamuna Expressway have emerged as the front-runners that house the top localities in NCR based on both projects and units launched over the year. Strategic location coupled with affordable property values have made these emerging markets score positive on the realty graph of NCR.
- In Gurgaon, top 10 markets by projects are mainly skewed towards New Gurgaon, Dwarka Expressway and Sohna Road. Based on number of units launched over the year, all the zones in Gurgaon recorded considerable supply.
- In Bhiwadi, Alwar Bypass Road, Sector 106, Tapukara and Chopanki were the top scorers for the top 10 markets based on both new projects and units launch.
- In Noida, Sector-79, Sector- 150 and Noida Expressway tops the list for both new launch supply by projects and units.
- In Ghaziabad, NH-24, Raj Nagar Extension and Vasundhara tops the list based on number of new launch projects. However, based on number of units, Krishna Vihar secured the third position with NH-24 and Raj Nagar Extension retaining their spots at first and second.
- In 2014, NCR recorded a 20 per cent overall supply for plots and a mere of 3 per cent for villas and row houses.
- As per data, the key trend witnessed for plots is that most of the activity is happening in Ghaziabad. About 25 per cent of the total new supply in this property-type in 2014 was launched here, followed by Faridabad and Greater Noida with 23 and 21 per cent respectively.
- In Ghaziabad, plots sized 450-900 sq. ft. were available in the price range of Rs 800-2,000 per sq. ft.
- In Greater Noida, plots sized 450-1,080 sq. ft. were available in the price range of Rs 1,000-2,800 per sq. ft. However, almost similar size plots in Faridabad were available in the affordable price range of Rs 400-1,200 per sq. ft.
- For villas and row houses, Greater Noida and Gurgaon tops the list based on the total new projects and units supply. While the former has vast stretches of land available, the latter received demand for the well-heeled buyers for the said property type. Sized 2,000-4,500 sq. ft., these villas are priced between Rs 5,000-7,000 per sq. ft. in Greater Noida, while in Gurgaon villas sized 2,500-5,000 sq.ft. were priced anywhere between Rs 7,000-8,500 per sq. ft.
- As per data, NCR witnessed the launch of about 250 new projects in 2014. Interestingly, about 310 projects that were launched in the last few years were expected to be completed during the same period.
- One interesting trend seen is that number of large projects (1000 plus units) that were slated for completion in 2014 outnumbered the new launch projects in the same category with 10 per cent. Thus, it is clearly evident that small-size project is the new flavour of the season.
- With 30 per cent, Gurgaon tops the ladder for maximum ready-to-move-in supply, while Greater Noida tops the list for maximum new launch supply in 2014.
- While 14 per cent new launch supply entered Noida market in 2014, about 16 per cent projects were available for ready-to-move-in during the same period.
- As per CommonFloor data, NCR market saw decent absorption of units that were launched during 2014. Faridabad tops the list with 54 per cent absorption, followed by Noida with 46 per cent, Ghaziabad with 44 per cent and Greater Noida with 41 per cent.
- In Noida, Sector 121 tops the list with 80 per cent absorption, followed by Noida Expressway and Sector 118 with 64 and 60 per cent respectively.
Delhi boasts of well-developed infrastructure which is expanding rapidly and covering many parts of NCR as well. Delhi has the highest road density in India of about 2013 km/100 sq. km. It also boasts of having one of the largest bus transport systems in India, with the state-owned Delhi Transport Corporation (DTC) operating a fleet of bus services across the city. Important highways passing through Delhi are NH-1 (Delhi-Attari), NH-2 (Delhi-Kolkata Road), NH-8 (Delhi-Mumbai), NH-10 (Delhi-Fazilka) and NH-24 (Delhi-Lucknow). Some of the prominent roads and expressways passing through Delhi are Inner Ring Road, Outer Ring Road, Delhi-Gurgaon Expressway and Delhi-Faridabad Skyway. Besides buses, other forms of public transport in Delhi include autos, taxis and cycle-rickshaws.
Delhi is the headquarters of the Northern Railway with the New Delhi railway station being one of the busiest in India’s vast railway network. Besides, other important railway stations in Delhi include Old Delhi railway station, Hasrat Nizamuddin railway station, Anand Vihar railway terminal and Sarai Rohilla railway station. The Delhi Metro, developed by the Delhi Metro Rail Corporation (DMRC) started operations in 2002. It is the 13th largest metro system in the world in terms of length and is the first modern transportation system in India. Besides Delhi, it also services Gurgaon, Noida, Ghaziabad and Faridabad in the NCR. Moreover, the Delhi Suburban Railway and the Ring Railway, running parallel to the Ring Road are alternate rail-based intra-city transport systems in Delhi. The Indira Gandhi International Airport (IGI) operates both domestic and international fights, and is one of the busiest airports in South Asia.
In order to cater to the growing demand for realty and reduce corrupt practices in the city, the government of Delhi and the civic bodies laid down certain policies this year.
| Month | Policy |
|---|---|
| June | Delhi Development Authority (DDA) decided to take up revival, conservation and development of 63 major water bodies on its land on Public-Private Participation (PPP) basis |
| July | DDA disposed 23 sites in its first e-auctioning scheme. This includes 35 parking sites, 18 kiosks and four restaurants |
| August | The National Green Tribunal’s expert committee constituted to explore measures for the conservation and beautification of River Yamuna recommended legal protection of the river zone by notifying it as an eco-sensitive area under the Environment Protection Act |
| August | The Delhi government decided to prepare a draft policy in consultation with the Urban development ministry to resolve the issue pertaining to the regularisation of unauthorised colonies in the national capital |
| August | DDA agreed to take up projects aimed at improving the quality of life in the national capital. This includes building public amenities and making roads less congested and safer for the public |
| October | DDA decided to draft a policy to have financial and non-financial incentives for promotion of ‘Green buildings’ in the national capital |
| November | DDA approved the move to bring about regulations in the operationalization of land pooling policy. The policy envisages speedy urban development by facilitating PPP in land assembly and its development |
| November | The Delhi government lifted restrictions on the purchase and sale of leasehold properties which will benefit lakhs of property owners |
| November | The Urban Development Ministry approved the enhancement of Ground Coverage and Floor Area Ratio (FAR) in Delhi. This is with respect to plots of size measuring 750-1000 sq. m., enhanced from 150 per cent to 200 per cent, and for those measuring more than 1000 sq. m., from 120 to 200 per cent |
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Data indicates that the new launched supply in NCR in 2014 was largely dominated by small and mid-sized projects, which comprised almost 80 per cent of the total project supply. Therefore, one can say that the region is expected to witness ample supply of ready-to-move-in supply of small and mid-size projects.
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Year 2017 is likely to see ample ready-to-move-in supply in NCR. As per data, about 56 per cent projects will be slated for possession in the said year. City-wise, maximum supply will be in Greater Noida (40 per cent), followed by Gurgaon (32 per cent) and Ghaziabad (14 per cent).
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Next in line is 2016 and 2018 that will witness about 17 per cent of ready-to-move-in supply. City-wise, maximum supply will be in Gurgaon (46 per cent), followed by Greater Noida and Noida with 20 per cent each.
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As for 2015, Ghaziabad will see maximum supply with 40 per cent, followed by Greater Noida and Faridabad with 23 per cent each.
| S No | Locality name | Current Prices | Price Change |
|---|---|---|---|
| 1 | Neharpar | Rs 4,217 per sq.ft | |
| 2 | Sector-88 | Rs 3,628 per sq.ft | |
| 3 | Sector-82 | Rs 5,539 per sq.ft | |
| 4 | Sector-86 | Rs 4,233 per sq.ft | |
| 5 | Sector 37 | Rs 7,954 per sq.ft |
| S No | Locality name | Current Prices | Price Change |
|---|---|---|---|
| 1 | Raj Nagar Extension | Rs 3007 per sq.ft | |
| 2 | NH-24 | Rs 3196 per sq.ft | |
| 3 | Govind Puram | 3118 per sq.ft | |
| 4 | Indirapuram | Rs 5712 | |
| 5 | Vasundhara | Rs 2997 per sq.ft |
| S No | Locality name | Current Prices | Price Change |
|---|---|---|---|
| 1 | Yamuna Expressway | Rs 3691 per sq.ft | |
| 2 | Noida Extension | Rs 3971 per sq.ft | |
| 3 | Pari Chowk | Rs 4567 per sq.ft | |
| 4 | Sector ZETA I | Rs 3564 per sq.ft | |
| 5 | OMICRON I | Rs 3391 per sq.ft |
| S No | Locality name | Current Prices | Price Change |
|---|---|---|---|
| 1 | Sector-79 | 4950 per sq.ft | |
| 2 | Sector-150 | Rs 4521 per sq.ft | |
| 3 | Noida Expressway | Rs 5550 per sq.ft | |
| 4 | Sector-110 | Rs 5522 per sq.ft | |
| 5 | Sector-104 | Rs 7967 per sq.ft |
| S No | Locality name | Current Prices | Price Change |
|---|---|---|---|
| 1 | Sohna Road | Rs 8352 per sq.ft | |
| 2 | Sector-108 | Rs 6372 per sq.ft | |
| 3 | Sector-104 | Rs 5962 per sq.ft | |
| 4 | Sector-91 | Rs 4141 per sq.ft | |
| 5 | Dwarka Expressway | Rs 6052 per sq.ft |
Property prices in prominent micro markets in NCR remained, more or less, stable during the year 2014 with only a few localities showing marginal increase and few showing downward trend. This was largely due to the overall slowdown witnessed across the country since 2013. However, post general elections in the second quarter, sentiments started getting positive and marginal changes were also recorded in property prices.
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Out of the total projects launched in NCR in 2014, about 50 per cent project had affordable units (<60 lakh) and 22 per cent had units in mid-segment category (60 lakh-1 crore). New supply in luxury ( 1-1.7crore) and ultra-luxury segment (1.7crore onwards) comprised of 14 per cent each.
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In whole of NCR, Gurgaon, as expected, comprised 60 per cent of project in ultra-luxury segment. This was followed by Noida with 23 per cent.
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Maximum projects in the affordable segment was seen in Greater Noida with 37 per cent, followed by Ghaziabad with 18 per cent and Bhiwadi with 17 per cent. Interestingly, Gurgaon also recorded about 11 per cent supply in the affordable segment, which is mainly the result of ‘Housing for All’ vision.
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For mid-segment properties as well Greater Noida topped the chart with about 28 per cent. Gurgaon and Noida also witnessed about 26 and 22 per cent supply in the said segment, which was followed by Ghaziabad with 12 per cent.
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For luxury segment, Gurgaon topped the chart with a whopping 47 per cent. Noida and Greater Noida also witnessed about 27 and 18 per cent supply in the said segment, which was followed by Ghaziabad with 4 per cent.
For better understanding of market trends, CommonFloor has divided amenities into 3 categories - 1, 2 and 3 starting from basic to convenience to luxury as shown in Table below.
- As per data, out of the total new launched supply in 2014, about 63 per cent are within Category 1, about 27 per cent in Category 2 and almost 10 per cent in Category 3.
- Interestingly, as per data, swimming pool is considered as a basic amenity in NCR as against MMR where it is seen to a convenience and in Chennai where it is seen to be a luxury amenity desired by the consumers.
- However, as per data, gymnasium is considered as convenience in NCR as against Pune where it considered a luxury.
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- 12%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- 18%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- maintenance staff
- Basket ball court
- health facilities
- Wifi
- Cafeteria
- library
- Bank Atm
- Broadband Internet
- Recretion Facilities
- 8%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- 24%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- 30%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- maintenance staff
- Basket ball court
- health facilities
- Wifi
- Cafeteria
- library
- Bank Atm
- Broadband Internet
- Recretion Facilities
- 8%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- 64%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- 5%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- maintenance staff
- Basket ball court
- health facilities
- Wifi
- Cafeteria
- library
- Bank Atm
- Broadband Internet
- Recretion Facilities
- 3%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- 56%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- 2%
- Electricity backup
- security
- swimming pool
- garden
- play area
- club house
- gymnasium
- intercom
- rain water harvesting
- badminton court
- tennis court
- indoor games
- maintenance staff
- Basket ball court
- health facilities
- Wifi
- Cafeteria
- library
- Bank Atm
- Broadband Internet
- Recretion Facilities
- 2%
- In Ghaziabad, maximum projects (18 per cent) were launched with amenities in Category 2, followed by Category 1 and 3 with 12 and 8 per cent respectively.
- In Greater Noida, maximum projects (30 per cent) were launched with amenities in Category 2, followed by Category 1 with 24 per cent. Only 8 per cent projects were launched with Category 3. This can mainly be attributed to the lack of developed social infrastructure in the region. Thus, developers tend to provide all the requisite amenities for day-to-day living.
- In Noida, maximum projects (64 per cent) were launched with amenities in Category 1, followed by Category 2 and 3 with 5 and 3 per cent respectively. Due to good availability of all the requisite basic convenience facilities in the neighbourhood, developers tend to provide just basic amenities.
- In Gurgaon, maximum projects (56 per cent) were launched with amenities in Category 1, followed by Category 2 and 3 with 2 per cent each. This is mainly because of high capital values in the region and robust social infrastructure.
Apart from these, there are various other infrastructure projects that are proposed to be developed in future. These include ongoing projects as well as those that are being planned to be developed in the near future.
| Infrastructure Project | Key Areas | Implementation Stage | Remarks |
|---|---|---|---|
| Delhi- Mumbai Industrial Corridor | P, Haryana, Rajasthan, Gujarat and Maharashtra | Expected to be completed by 2017 | Expected to be the biggest infrastructure project in India; to be funded (about Rs 10 billion) by India and Japan; it would be spread across 2700 km with six mega investment regions |
| Regional Rapid Transit System (RRTS) | Delhi, Panipat, Alwar, Meerut | To be implemented in phases after approval | To provide integrated multi-modal transportation system between Delhi and its satellite towns; to be developed by NCRTC at a cost of about 71,120 crore |
| Delhi-Jaipur Expressway | Delhi, Jaipur | Yet to be cleared | The 272-km long expressway is estimated to cost about Rs 11,750 crore |
| Expansion of Delhi Metro (Phase III) | Badli, Bawana, Najafgarh, Bahadurgarh, Ghaziabad, Faridabad and Noida | Expected to be completed by Dec, 2016 | Biggest of all DMRC projects; to add 140 km to existing Metro network in Delhi |
Rental Synopsis
Resale Synopsis
- Top MARKETS- RENTAL AVAILABILITY
- Top MARKETS- RENTAL YIELD
- Top MARKETS- RENTAL DEMAND
- FASTEST MOVING RENTAL MARKETS
- Top MARKETS- RENTAL AVAILABILITY
- Top MARKETS- RENTAL YIELD
- Top MARKETS- RENTAL DEMAND
- FASTEST MOVING RENTAL MARKETS
- Top MARKETS- RENTAL AVAILABILITY
- Top MARKETS- RENTAL YIELD
- Top MARKETS- RENTAL DEMAND
- FASTEST MOVING RENTAL MARKETS
All the data represented on the map is for the year 2014 only.
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- 1. Sector-86
- 2. Sector-87
- 3. Sector-82
- 4. Green Fields
- 5. Sector 46
- Faridabad has emerged as one of the most sought-after cities in the NCR over the years. Currently, it is witnessing a flurry of real estate activities. It won’t be wrong to say that the city is witnessing a growth pattern similar to the one witnessed in Gurgaon and Noida in the recent past. In addition to sale market, rental market is also showing great movement.
- Out of the Top 5 rental localities in Faridabad, based on availability, three micro markets are in Greater Faridabad. These include Sector 82, 86 and 87. With sound infrastructure, robust connectivity and presence of several industries, rental housing demand is witnessing surge in these areas.
- Located about 8km away from Delhi, Green Fields offer rental accommodation in slightly lower values as compared to the neighbouring Charmwood Village. Thus, the area receives spillover demand from Charmwood. However, one may not find a plethora of options in gated communities.
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- 1. Green Fields
- 2. Sector-85
- 3. Sector-76
- 4. Sector-89
- 5. Sector-49
- Out of the Top 5 localities for rental yield in Faridabad, Green Fields tops the list. Located about 8km away from Delhi, rental values in Green Fields are slightly lower as compared to the neighbouring Charmwood Village. Thus, the area receives spillover demand from Charmwood. Second, due to availability of limited options, rental properties are absorbed at a faster rate.
- Sector 85, 76 and 89 clocked second, third and fourth position respectively for rental yield. Being upcoming localities, affordability is the biggest USP of these areas, thus evolving as better options for garnering healthy rental returns.
- Due to swift connectivity to Gurgaon via Gurgaon-Faridabad Road and affordable property values, Sector-49 is considered as a potential rental option by people working in Gurgaon.
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- 1. Sector-86
- 2. Sector-88
- 3. Sector-37
- 4. Sainik Colony
- 5. Sector-28
- Out of the Top 5 rental localities in Faridabad, based on demand, top two micro markets are in Greater Faridabad. These include Sector 86 and 88. Sound infrastructure, robust connectivity and presence of several industries is fuelling rental demand in these areas.
- Located along the Mathura Road, Sector 37 and 28 also receives significant demand for rental accommodation. In addition, Sector 37 also enjoy metro connectivity as Badarpur Metro Station is just 2km away.
- Moreover, Mohan Cooperative Industrial Estate and DLF Industrial Area are also in the vicinity of Sector 37 and 28.
- Due to swift connectivity to Gurgaon via Gurgaon-Faridabad Road and affordable property values, Sainik Colony is considered as a potential rental option by people working in Gurgaon.
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For user reference, we have included almost 80 per cent of the overall effective listings. Which are indicative of market trends.
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- 1. Indirapuram
- 2. Crossing Republik
- 3. Raj Nagar Extension
- 4. Vaishali
- 5. Vasundhara
- Out of the Top 5 rental localities in Ghaziabad, Indirapuram tops the list with maximum rental availability. Strategically located along NH-24, the area enjoys excellent connectivity to other parts of the city. The infrastructure provisions in Indirapuram are better than that of many localities in NCR. It boasts of wide roads and good commercial development along NH-24. It not only enjoys good metro connectivity but also has good road connectivity.
- Next in line is Crossings Republik. Situated on NH-24 in Ghaziabad, this sub-city offers world-class facilities at affordable rates, which has made it a major hit among the families and young professionals.
- Strategically situated at NH 58 in Ghaziabad, Raj Nagar Extension is also witnessing robust rental supply. While there are a host of factors that make the area a potential destination for investment, ‘home in your budget’ is the biggest USP of the area. Also, it is well connected with other neighbouring cities such as Delhi and Noida, which is just 15 minutes drive from here. Further, the work on the construction of a six-lane expressway and the Metro Line is already on track. The proposed 3-lane bridge over the Hindon River on GT Road will further enhance accessibility to the area. Also, the proposed Delhi-Haridwar Highway will pass through Raj Nagar Extension, further enhancing connectivity of the area.
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- 1. Vasundhara Sector-10
- 2. Nyay Khand I
- 3. Lal Kuan
- 4. NH-24 Bypass
- 5. Vaishali Sector-2
- Vasundhara Sector 10 is a well-established residential layout with all the basic amenities available in the vicinity. The area also boast of several schools such as Amity International School, Delhi Public school, Arwachin Public School, Seth Anandram Jaipuria School, among others, making it a potential area for families.
- Nyay Khand I has become a major hit among students of Indian Academy of Highway Engineers, National Institute of Biological, The Institute of Chartered Accountants of India, MGM College of Engineering and Technology, to name a few. Also, the area is dotted by several commercial establishments.
- Lal Kuan, being close to both Delhi and Noida via the National Highway 24 (NH-24), has drawn the attention of both end-users and investors. Robust social infrastructure is another major reason fuelling demand for rental accommodation.
- Vaishali Sector 2 has clocked fifth position in top 5 localities for rental yield. This can be attributed to its proximity to Noida-Greater Noida, ITO and Dabur Mohan Nagar Road is attracting people to the area. Further, Proximity to Vaishali metro station and Sahibabad Industrial area are two biggest USPs of these areas.
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- 1. Crossing Republik
- 2. Vaishali Sector-4
- 3. Vaishali Sector-2
- 4. NH-24
- 5. Niti Khand I
- Out of the Top 5 rental localities in Ghaziabad, Crossings Republik tops the list. Situated along NH-24 in Ghaziabad, this sub-city offers world-class facilities at affordable rates, which has made it a major hit among the families and young professionals.
- Next in line is Vaishali Sector 4 and 2. Proximity to Vaishali metro station and Sahibabad Industrial area are two biggest USPs of these areas.
- NH-24 enjoys location advantage of the highway and the direct link with Lucknow, Delhi, Noida and other areas of Ghaziabad. The corridor is also flourishing owing to its proximity to Noida, a hub of multinational firms and IT/ITeS. Moreover, affordability is another major point driving demand here. And soon, the only sore point of heavy traffic will come to an end as the Delhi border - Dasna stretch will go from four lanes to eight lane.
- Niti Khand I also receives significant rental demand owing to its well-developed social infrastructure, proximity to NH 24 and Vaishali Metro Station.
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For user reference, we have included almost 80 per cent of the overall effective listings. Which are indicative of market trends.
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- 1. Sector PI I & II
- 2. Pari Chowk
- 3. Sector CHI IV
- 4. OMICRON III
- 5. Sector ZETA I
- In Greater Noida, all the 5 top markets for rental availability are mainly gaining prominence due to well-built connectivity. Thus, buyers who look for affordable properties and yet wants to be connected to Delhi and Noida prefer these micro-markets.
- Interestingly, all the top 5 micro-markets are situated within 5km radius from each-other.
- Rental demand in all the 5 top localities is mainly driven by students population from the nearby educational hubs such as Knowledge Park that houses several management and engineering colleges and Gautam Buddha University.
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- 1. Tech Zone IV
- 2. Sector-4
- 3. Sector-1
- 4. Sector ZETA I
- 5. Yamuna Expressway
- Out of the Top 5 localities for rental yield in Greater Noida, Tech Zone IV tops the list. Rapidly emerging as an IT hub, the area enjoys proximity to FNG Corridor and Noida-Greater Noida Expressway, which renders it good accessibility to other prominent areas.
- Due to good accessibility to Noida-Greater Link Road, Sector 4, 1 and ZETA I have garnered second, third and fourth position on the list. In addition to connectivity aspect, proximity to industrial areas such Bulandshahr Industrial Area, Knowledge Park, UPSIDC (UP State Industrial Development Corporation) to name a few is also acting as a catalyst in attracting people to these areas.
- Due to affordable property values and good accessibility to Noida, Yamuna Expressway has also retained its position on top 5 localities for rental yield in Greater Noida.
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- 1. Sector PI I & II
- 2. Pari Chowk
- 3. Sector BETA II
- 4. Sector DELTA I
- 5. Sector OMEGA I
- Interestingly, all the top 5 micro-markets are situated within 5km radius from each-other.
- Rental demand in all the 5 top localities is mainly driven by students population from the nearby educational hubs such as Knowledge Park that houses several management and engineering colleges and Gautam Buddha University.
- In addition, people working in the nearby industries in Eco Tech Zones and UPSIDC Sectors are also catalysing the rental housing demand in these micro-markets.
- These sector also enjoys good connectivity via Yamuna Expressway.
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For user reference, we have included almost 80 per cent of the overall effective listings. Which are indicative of market trends.
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- 1. Sector-54
- 2. Sector-47
- 3. Sector-43
- 4. Sector-50
- 5. Sector-42
- Out of the Top 5 rental localities in Gurgaon, based on availability, two (Sector 42 and 43) were skewed in Golf Course Road and two (Sector-50 and 54) in Golf Course Extension and one (Sector 47) in Sohna Road.
- In Gurgaon, these three regions are already established rental markets. While all the three markets falls under luxury segment, due to presence of Golf Course, Golf Course Road is the most expensive market when compared to the other two.
- In addition, these market are saturated in terms of availability of land, which has led to the higher rental prices. Moreover, Golf Course Road also enjoys Rapid Metro connectivity to the DLF Cyber City, which one of the prominent IT hubs of NCR.
- Further, Southern Peripheral Road (SPR) has given a boost to the realty markets of both Sohna Road and Golf Course Extension. This 16 km-long road connects Golf Course Extension to National Highway 8 and intersecting Sohna Road at Badshahpur.
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- 1. Sector-85
- 2. Manesar
- 3. Sector-27
- 4. Sector-25
- 5. Sector-68
- Out of the Top 5 localities for rental yield in Gurgaon, Sector-85 tops the list. Due to upcoming connectivity via Dwarka Expressway, this upcoming area in New Gurgaon is gaining prominence among both end-users and investors.
- With NH-8 stationed around, Manesar clocked second position on the top five list. The area has transformed in the last few years owing to the presence of several manufacturing and IT companies, which is still fuelling the rental demand in the area.
- Sector 25 and 27 are high-end localities with proximity to MG Road, one of the major commercial hotspots of Gurgaon.
- Sector 68 is mainly cashing on its prominent location. Situated on Sohna Road, an established destination for commercial and retail activities, the area receives healthy rental demand.
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- 1. Sector-56
- 2. Sushant Lok
- 3. Sector-43
- 4. Sector-17
- 5. Sector-15
- Sector 56 has scored first position for rental demand in Gurgaon. Families prefer this area because of its proximity to a number of schools. Open spaces for the elderly to walk or for children to play are also present. Connected through Golf Course Road and the Golf Course Extension Road, the area is merely 15 minutes from the HUDA Metro Station.
- Sushant Lok- a township built by Ansal API almost 20 years ago and Sector 43 has clocked second and third position. Location on Golf Course Road and rapid metro connectivity are the two biggest growth drivers of the areas.
- Located along MG Road, Sector 17 and 15 have also evolved as prominent rental localities based on demand. Metro connectivity coupled with extensive retail and commercial activities on MG Road have boosted the realty prospects of these areas.
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For user reference, we have included almost 80 per cent of the overall effective listings. Which are indicative of market trends.
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- 1. Sector-50
- 2. Sector-137
- 3. Sector-93
- 4. Sector-62 IA
- 5. Sector-82
- Out of the Top 5 rental localities in Noida, Sector 50 tops the list with maximum rental availability. The area is mainly preferred by students of Amity University and professionals working in Sector 126 and 127 that mainly houses several IT companies and other major MNCs.
- Next in line is Sector-137, which comprises of large residential townships by renowned developers that has made the area score second on our list.
- Sector-82 and Sector- 93 are located just adjacent to each-other. While the former boasts of well-planned residential layouts with an array of options in LIG, MIG and HIG, the latter is mainly an urban village which offers affordable rental options as compared to other sectors in Noida.
- Sector-62 is a major hit amongst students from nearby institutions such as Symbiosis Law School, MGM College of Engineering, Bank of India Staff Training College, Jaipuria Institute of Management, IIPM, to name a few.
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- 1. Sector-73
- 2. Sector-75
- 3. Sector-93
- 4. Sector-110
- 5. Sector-129
- Out of the Top 5 localities for rental yield in Noida, Sector-73 and 75 tops the list. This is mainly because these areas are preferred by student population studying in nearby institutions such as Symbiosis Law School, MGM College of Engineering, IIPM, to name a few.
- Sector 93, 110 and 129 have also retained their position on our list. Located in proximity to each-other, these areas offer affordable rental options as compared to other sectors in Noida. In addition, Sector 93 boasts of high-rise apartments.
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- 1. Sector-62
- 2. Sector-50
- 3. Sector-19
- 4. Sector-12
- 5. Sector-41
- Out of the Top 5 rental localities in Noida, Sector-62 tops the list. The sector is a major hit amongst students from nearby institutions such as Symbiosis Law School, MGM College of Engineering, Bank of India Staff Training College, Jaipuria Institute of Management, IIPM, to name a few.
- Sector 50 is mainly preferred by students of Amity University and professionals working in Sector 126 and 127 that mainly houses several IT companies and other major MNCs.
- Next in line is Sector-19, which is booming due to the presence of retail market in Sector-18. Also, the area receives rental demand from people working in nearby Film City (16A) and in Rajnigandha Chowk.
- Sector-41 also receives healthy rental demand from families as there are several reputed schools in the vicinity. This prominent residential area is also in proximity to Noida City Centre Metro Station, rendering it good connectivity to Delhi. Also, presence of several commercial and entertainment centres is boosting realty prospects of Sector 41.
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For user reference, we have included almost 80 per cent of the overall effective listings. Which are indicative of market trends.
All the data represented on the map is for the year 2014 only.
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- 1. Sector-86
- 2. Green Fields
- 3. Sector-87
- 4. Sector-88
- 5. Sector-82
- Out of the Top 5 resale localities in Faridabad, Sector-82, 86, 87 and 88 are newly developing residential and commercial areas in Neharpar (Greater Faridabad).
- The localities are close to noteworthy social and commercial establishments like Delhi Public School, Sudha Rustagi College of Dental Sciences & Research, Noble Hospital and Sunflag Hospital. These areas have good connectivity via Main Bypass Road and the Delhi Suburban Railway.
- Green Fields is another fast growing area in Faridabad situated close to Mathura Road. The area is close to several industrial establishments such as Imperial Auto Industries and TechnoFab Engineering Ltd. It is a well-planned area with several social and commercial amenities within the proximity including parks, a lake, hospitals, restaurants, banks and retail shops.
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- 1. Sector-86
- 2. Green Fields
- 3. Neharpar
- 4. Sector-88
- 5. Sector-87
- Out of the Top 5 resale localities in Faridabad, based on demand, three micro markets are in Greater Faridabad. These include Sector 86, 87 and 88. With sound infrastructure, robust connectivity and presence of several industries is fuelling rental housing demand in these areas.
- Located about 8km away from Delhi, Green Fields offers slightly lower rental values as compared to the neighbouring Charmwood Village. Thus, the area receives spillover demand from Charmwood. However, one may not find a plethora of options in gated communities.
- Neharpar is on its way to become a realty hotspot with the new initiatives by development authorities such as HUDA to further integrate the city with Delhi and the neighbouring NCR cities. Also, Delhi Metro is planning to extend its corridor to Faridabad in the near future, thus catalysing housing demand.
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- 1. Indirapuram
- 2. Raj Nagar Extension
- 3. Crossing Republik
- 4. NH-24
- 5. Vaishali
- Ghaziabad has several fast growing areas among which some of the prominent areas are Indirapuram, Raj Nagar Extension, NH-24 and Vaishali. NH-24 connects Delhi to Lucknow via Ghaziabad, Moradabad, Bareilly and Sitapur. As such, areas around the national highway have seen immense growth in the last few years. Vaishali and Indirapuram are located on this highway and enjoy a good growth both in terms of commercial as well as residential activity. The areas have a good social and commercial infrastructure.
- Raj Nagar Extension is situated along NH-58 that connects Ghaziabad to cities such as Muzaffarnagar, Badrinath, Srinagar, Haridwar, Roorkee and Meerut. As such, the area is witnessing a fast growth. There is a Rapid Rail Transit System expected to pass through Ghaziabad in the future.
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- 1. Crossing Republik
- 2. Raj Nagar Extension
- 3. NH-24
- 4. Vaishali Sector-4
- 5. Vaishali Sector-5
- Situated on NH-24, Crossings Republik offers world-class facilities at affordable rates, which has made it a major hit among the families and young professionals
- Strategically situated at NH 58 in Ghaziabad, Raj Nagar Extension is also witnessing robust supply. While there are a host of factors that make the area a potential destination for investment, ‘home in your budget’ is the biggest USP of the area. Also, it is well connected with other neighbouring cities such as Delhi and Noida, which is just 15 minutes drive from here. Further, the work on the construction of a six-lane expressway and the Metro Line is already on track. The proposed 3-lane bridge over the Hindon River on GT Road will further enhance accessibility to the area. Also, the proposed Delhi-Haridwar Highway will pass through Raj Nagar Extension, further enhancing connectivity of the area.
- NH-24 enjoys location advantage of the highway and the direct link with Lucknow, Delhi, Noida and other areas of Ghaziabad. The corridor is also flourishing owing to its proximity to Noida, a hub of multinational firms and IT/ITeS. Moreover, affordability is another major point driving demand here. And soon, the only sore point of heavy traffic will come to an end as the Delhi border - Dasna stretch will go from four lanes to eight lane.
- Next in line are Vaishali Sector 4 and 5. Proximity to Vaishali metro station and Sahibabad Industrial area are two biggest USPs of these areas.
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- 1. Noida Extension
- 2. Tech Zone IV
- 3. Sector-1
- 4. Yamuna Expressway
- 5. Sector-16
- Out of the Top 5 resale localities in Greater Noida, Noida Extension tops the list. A 10-15 minutes drive from well established sectors of Noida such as 50 and 52, the area is attracting buyers primarily due to its affordable prices in comparison to Noida. Also, connectivity to NH-24 and proximity to the commercial sectors of Noida such as 61, 62 and 63 are other reasons for a spurt in supply in the region.
- Rapidly emerging as an IT hub-Tech Zone IV and Sector-1 have garnered second and third position. Proximity to the FNG Corridor as well as to prominent residential areas like Cherry County and BrysBigg are major reasons for the realty development in the area. Further, it is just 40 km from the proposed airport at Taj Expressway, Tech Zone IV finds The Formula One Racing Track as its not-so-distant neighbour. The housing demand is mainly catalyse by people working in the nearby companies such as TCS, Yamaha and LG, among others.
- Strategic location coupled with affordable property values have made Yamuna Expressway and Sector-16 clock fourth and fifth position on the list.
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- 1. OMICRON I
- 2. Pari Chowk
- 3. Sector PI I & II
- 4. Sector-1
- 5. Surajpur
- In Greater Noida, four out of top 5 micro-markets are situated within 5km radius from each-other. These include OMICRON I, Pari Chowk, Sector PI I & II and Surajpur. These are mainly gaining prominence due to well-built connectivity. Also, buyers who look for affordable properties and yet wants to be connected to Delhi and Noida prefer these micro-markets.
- Demand in these areas are driven by people working in the nearby industries in Eco Tech Zones and UPSIDC Sectors.
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- 1. Sector-78
- 2. Sector-68
- 3. Sector-54
- 4. Sector-67
- 5. Sector-47
- Out of these top areas for resale in Gurgaon, Sector-67 and 68 are adjacent localities situated on the Sohna-Gurgaon Road. The areas are witnessing a good growth in residential properties due to the presence of social and commercial amenities. Sector 67 has the Landmark Cyber Park, attracting several people who prefer to settle down near the IT park.
- Sector 54 is a locality situated on Golf Course Road and Gurgaon-Faridabad Road. The locality is growing fast due to its good connectivity to cities such as Delhi and Faridabad, as well as other developed areas.
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- 1. Sector-56
- 2. Sector-47
- 3. Sector-49
- 4. Sushant Lok I
- 5. Sector-54
- Sector 56 has clocked first position in top 5 localities for resale based on demand. This is mainly because families prefer this area due to its proximity to a number of schools. Open spaces for the elderly to walk or for children to play are also present. Connected through Golf Course Road and the Golf Course Extension Road, the area is merely 15 minutes from the HUDA Metro Station.
- Sector 47 and 49 areas mainly cashing on its prominent location. Situated on Sohna Road, an established destination for commercial and retail activities, these areas receive healthy housing demand.
- Sushant Lok- a township built by Ansal API almost 20 years ago has clocked fourth position. Located on Golf Course Road and rapid metro connectivity are the two biggest growth drivers of the areas.
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- 1. Sector-110
- 2. Noida Expressway
- 3. Sector-137
- 4. Sector-78
- 5. Sector-76
- Some of the prominent areas for resale in Noida include Noida Expressway, Sector-76, 78 and 137. Noida Expressway is witnessing increased growth both in terms of residential and commercial activities. The stretch connects Noida, Greater Noida and Delhi, which is further accelerating the growth in the area.
- Sectors 76 and 78 enjoy good accessibility and presence of other developed areas, providing access to social and commercial amenities. Sector 137 is a fast growing locality on the Noida Expressway due to the excellent connectivity to Greater Noida and Delhi.
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- 1. Sector-50
- 2. Sector-62
- 3. Sector-76
- 4. Sector-137
- 5. Sector-73
- Out of the Top 5 resale localities in Noida, Sector 50 tops the list. The area is mainly preferred by professionals working in Sector 126 and 127 that mainly houses several IT companies and other major MNCs.
- Sector 62 is primarily a mix residential and commercial property. With the rapid expansion of Noida, this locality is considered central to important points – shopping malls in Sectors 18 and 25 and commercial areas in Sector 63 (in the vicinity) and Sectors 16, 16 A. Moreover, the area has several schools, health care centres and a host of local markets.
- The announcement of the Metro from City Centre to Sector 78 has initiated the realty development in Sector 76, which is just half a kilometre away.
- Next in line is Sector-137, which comprises of large residential townships by renowned developers that has made the area score fourth on our list.
Forums- User Queries & Discussions
Top 5 localities- User Interest
- 1. Kabulpur
- 2. Palwal
- 3. Green Fields
- 4. Neharpar
- 5. Sainik Colony
As per data based on Forum discussions, in Faridabad, Kabulpur, Palwal, Green Fields, Neharpar and Sainik Colony generated maximum queries. Most of the discussion revolved around locality overview, the future growth prospects of the areas, social infrastructure related info as well as details of the new projects launched in these localities.
Top 5 Trending Topics
- 1. Project Review
- 2. Investment Advice
- 3. Legal
- 4. Real estate News
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As per data, the hot topic for discussion in Faridabad includes Project Review and investment advice. Buyers were largely seeking advice on the major projects and investment hotspots in the city in the medium to long term period.
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Buyers in Faridabad was also seen asking for Legal Advice that was the second most trending topic in the city.
Forums- User Queries & Discussions
Top 5 localities- User Interest
- 1. Indirapuram
- 2. Raj Nagar Extension
- 3. Lal Kuan
- 4. Bhopura
- 5. Crossing Republik
As per data based on Forum discussions, in Ghaziabad, Indirapuram, Raj Nagar Extension, Lal Kuan, Bhopura and Crossing Republic generated maximum queries. Most of the discussion revolved around locality overview, the future growth prospects of the areas, social infrastructure related info as well as details of the new projects launched in these localities.
Top 5 Trending Topics
- 1. Residential Project Review
- 2. Real estate News
- 3. Buying property
- 4. Home Loan
- 5. Sale
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As per data, the hot topic for discussion in Ghaziabad includes Project Review. Buyers were largely seeking advice on the major projects for investment in the city in the medium to long term period.
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Interestingly, Real Estate News was the second most trending topic in the city as property seekers wanted to keep themselves updated on the latest happenings and their impact on the property market.
Forums- User Queries & Discussions
Top 5 localities- User Interest
- 1. Tech Zone IV
- 2. Noida Extension
- 3. Yamuna Expressway
- 4. OMICRON I
- 5. Sector-1
As per data based on Forum discussions, in Greater Noida, Tech Zone IV, Noida Extension, Yamuna Expressway, OMICRON I and Sector I generated maximum queries. Most of the discussion revolved around locality overview, the future growth prospects of the areas, social infrastructure related info as well as details of the new projects launched in these localities.
Top 5 Trending Topics
- 1. Project Review
- 2. Investment Advice
- 3. Real estate News
- 4. Builder Review
- 5. Locality Review
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As per data, the hot topic for discussion in Greater Noida includes Project Review and Investment Advice. Buyers were largely seeking advice on the major hotspots for investment in the city in the medium to long term period.
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Interestingly, Real Estate News was also sought by property seekers to keep themselves updates on the latest happenings and their impact on the property market.
Forums- User Queries & Discussions
Top 5 localities- User Interest
- 1. Sector-107
- 2. Sector-65
- 3. Sector-68
- 4. Sector-102
- 5. Sector-37 C
As per data based on Forum discussions, in Gurgaon, Sector 107, 65, 68, 102 and 37 C generated maximum queries. Most of the discussion revolved around locality overview, the future growth prospects of the areas, social infrastructure related info as well as details of the new projects launched in these localities.
Top 5 Trending Topics
- 1. Project Review
- 2. Locality Review
- 3. Real estate News
- 4. Buying property
- 5. Property Selling
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As per data, the hot topic for discussion in Gurgaon includes Project and Locality Review. Buyers were largely seeking advice on the major localities and projects for investment in the city in the medium to long term period.
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Interestingly, Real Estate News was also sought by property seekers to keep themselves updated on the latest happenings and their impact on the property market.
Forums- User Queries & Discussions
Top 5 localities- User Interest
- 1. Sector-143
- 2. Sector-119
- 3. Sector-3
- 4. Sector-78
- 5. Noida Expressway
As per data based on Forum discussions, in Noida, Sector 143, 119, 3, 78 and Noida Expressway generated maximum queries. Most of the discussion revolved around locality overview, the future growth prospects of the areas, social infrastructure related info as well as details of the new projects launched in these localities.
Top 5 Trending Topics
- 1. Investment Advice
- 2. Builder Review
- 3. Real estate News
- 4. Residential Project Review
- 5. Legal
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As per data, the hot topic for discussion in Noida includes Investment Advice and Builder Review. Buyers were largely seeking advice on the major hotspots for investment in the city in the medium to long term period.
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Interestingly, Project Review was also sought by property seekers to equip themselves with all the required information related to a particular project.
*Disclaimer: *In the above report, all the data has been considered from January 2014 to November 2014. The information provided in this report is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps including CommonFloor's proprietary data resources and models. It should be considered as a guideline and not in absolute certainty. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is confidential and the sole property of CommonFloor.com. It should not be reproduced in any form, in part or whole, without prior permission.