Where To Invest In Noida & Gurugram? Know Rising Areas in Delhi NCR

The real estate market in Delhi NCR (National Capital Region) witnessed a healthy surge in supply of new residential units, 5,209 launches by various developers in the first three months of 2023, marking a remarkable 189 percent quarter-on-quarter growth, as per a latest PropTiger Report. Housing 

At the same time, Delhi NCR holds an 11 per cent share in the total unsold inventory among the top 8 cities in India. At the end of Q1 2023, the unsold inventory stood at 99,690 units, making it the city with the highest inventory overhang of 66 months compared to other major cities.

However, as Delhi NCR is one of the most important economic hubs in India, with a wide variety of job opportunities, educational institutions, cultural experiences, entertainment options, and connectivity to other parts of India and the world, it is among the top options for people who are looking to relocate.

Maneesh Upadhyaya, chief business officer, 99acres.com, said the real estate market is on its growth journey and the Delhi-NCR region is witnessing positive traction. Developers are bringing new projects with added features of enhanced security and luxurious amenities.