The micro markets of New Delhi/NCR
October 11, 2018
As the capital is becoming more and more polluted and populated, the people migrating from all over the country have started to move to the suburban areas in the outskirts of Delhi. Majorly in the NCR regions like Gurgaon, Ghaziabad, Noida, Faridabad, and so on. Over the years the connectivity has become smoother due to the expanding metro routes to the NCR regions, this is one of the significant reason behind the sudden shift in the buyer’s attraction to these micro markets. Also, many famous builders have established luxurious and affordable projects in these areas looking at future possibilities.
Following are the top Micro-markets in the NCR region
Dharuhera (60 km)
Dharuhera is directly linked with Gurgaon and Delhi through National Highway 8 and take 1hr 45 mins to cover the distance. It has become the industrial hub on the Delhi-Mumbai Industrial Corridor (DMIC). Firms such as Honda, Gillette, and Lafarge have set up plants here and many others are considering expansion. In terms of infrastructure such as schools, malls and hospitals are coming up in a big way and will make life easier. Also, properties in Dharuhera starts from INR 2700 per sq.ft onwards, which means it offers a variety of housing options.
Palwal (60 km)
Palwal is a district in Haryana that is situated at a distance of 60 km from Delhi on the Delhi-Mathura highway (NH-2) and in close proximity to Faridabad. It is a place of great antiquity, at the same time consists of basic amenities like schools, colleges, hospitals, and major real estate projects. The housing options in the region start from INR 2500 per sq.ft. onwards.
Modinagar (52 km)
Located on the bounds of Delhi, Modinagar has emerged as one of the most preferred property locations in Delhi NCR. Its seamless connectivity with Delhi and affordable pricing make Modinagar a lucrative property option for buyers and investors. On comparing to other regions of Delhi NCR– Noida Extension, Indirapuram, and Ballabhgarh offer value-based property options, the prices here range between Rs 1,800-2,200 per sq. ft. Also, Modinagar has arisen as the commercial hub along with the world-class infrastructure and amenities. Also, out of all the micro-markets of Delhi/ NCR, Modinagar offers the highest growth in terms of investment as the price bracket is quite low when compared with other micro markets.
Murthal (58 km)
Murthal is a big town in Sonipat district of Haryana in northern India. It is located 13 km (8.1 miles) north of Sonipat, 50 kilometers (31 miles) from the national capital New Delhi. It consists of well-known educational institutes like BPCE, BM School of Archi, BIT Sonipat, etc. It is famous for its highway dhabas. The plus point is, its connectivity, as it is on the highway and takes just one hour to reach Delhi. The housing price starts from INR 2600 per sq.ft.
It is always good to invest in the micro markets when it comes to real estate, as buyer holds the power to negotiate, there is a high chance of land appreciation in future and at last, there is an advantage of infrastructural development in the area, making the connectivity smooth.