In recent times due to many policy formulations like RERA, GST and housing initiatives like PMAY and housing for all, the Indian real estate sector has seen an upward trend across all the major segments over the country.
Whether residential or commercial, all four parts of India i.e. East, West, North and South has shown a steep growth in property investments. So read this blog to find out the top Property Investment Hotspots of 2018 in North India:
In North India, the major realty hotspots in 2018 are Gurgaon, Noida and Greater Noida. While Gurgaon today is considered as one of the best real estate markets for anyone who wants to get good returns on investment, Noida and Greater Noida are also not far behind in terms of both investment and returns.
As per a recent data, Gurgaon has seen a maximum number of housing launches with nearly 1,150 units in Q2 2018; on the other hand, Noida and Greater Noida together saw a launch of nearly 4,500 units in the same period.
Talking about residential sales, while Gurgaon saw a 20% q-o-q rise, Noida and Greater Noida collectively saw a 25% increase in Q2 2018.
Top residential hotspots in Gurgaon
Sohna: A popular tourist weekend destination, Sohna is also known as Greater Gurgaon and is becoming quite popular among home buyers due to the availability of large numbers of affordable homes. Situated in the foothills of Aravali, the area enjoys good connectivity to Gurgaon via Sohna Road. Proposed metro linkage and KMP expressway will further boost the connectivity of this area in future. Many renowned developers like Godrej and Supertech have already invested in this region.
New Gurgaon: One of the recent additions in the real estate market of Gurgaon, New Gurgaon enjoys seamless connectivity to other areas with three highways i.e. NH8, Kundli–Manesar–Palwal Expressway and Dwarka-Gurgaon Expressway, Railway Station, Airport, and the proposed ISBT. A majority of developers have already launched projects across various sectors of New Gurgaon, such as sectors 82, 83, 85, 91, 92 & 95A. Top realtors with presence in the area include Bestech, Vatika, Orris, DLF, KPDK Buildtech, 3C, Ansals, Ramprastha Builders etc. The area also boasts planned and well-developed infrastructure too with many schools, institutions, hospitals and entertainment centers.
Sohna Road: Located within the vicinity of two major highways – Gurgaon Expressway (NH-8) and the upcoming Kundli-Manesar-Palwal (KMP) Expressway, Sohna Road is one of the most luxurious residential destinations of Gurgaon. Many prime realtors such as Omaxe, Raheja, Vatika, and BTTP, among others, have already developed high-end apartments, villas here. The average price of houses in Sohna Road is in the range of Rs 7,350 to Rs 7,439 per square feet. It means a 1 BHK flat will cost Rs 20-47 lakh, on the other hand, a 3 BHK flat will cost around Rs 81 lakh-Rs 2 crores.
Golf Course Extension: Another luxurious residential investment destination in Gurgaon is Golf Course Extension Road. The locality is well connected to NH8 and just a half hour drive from IGI airport. Golf Course Extension Road starts from Sector 55 and links up to Sector 66. Presence of Rapid metro has further enhanced the connectivity of this locality. Presence of top builders like IREO and M3M along with their premium ready to move in villas and flats has attracted many people to invest here. Price range in the area is between Rs 7,000-20,000 per sq ft.
Top residential hotspots in Noida and Greater Noida
Greater Noida (West): Earlier known as Noida Extension, the locality is host to many affordable projects. Greater Noida West is well-connected to Delhi and other parts of Noida through NH-24, Noida City Centre metro station, Noida-Greater Noida Expressway, DND Flyway and Yamuna Expressway. Currently, the average price for residential apartments in the region ranges from Rs 3,000-3,500 per sq ft. Many prominent realtors like Gaursons, Supertech, Ajnara, Amrapali, and many more have already made their presence on the area.
Yamuna Expressway: The real estate market of Yamuna Expressway has become most sought-after by both end users and investors in recent times especially after the announcement of Jewar International Airport. The area is well connected to Delhi as well as other areas of UP like Agra, Mathura through Greater Noida Expressway, Yamuna Expressway, and eastern peripheral expressway. The region offers a plethora of residential units for home buyers which include residential flats, villas, plots, independent houses etc. Major developers like Supertech, ATS, Gaursons have already started developing their projects here. Average property price along Yamuna Expressway starts from 3170 per sq ft.
Sector-150: One of the costliest sectors along the Noida-Greater Noida Expressway, Sector- 150 is emerging as a preferred choice for luxury home buyers. The sector enjoys seamless connectivity to Noida, Faridabad and even Gurgaon, through Kalindi Kunj which lead many working professionals to invest in this area. Sector- 150 is also known as the greenest zone of Noida and Greater Noida and has good infrastructure too. Big ticket players like ATS, Mahagun, Godrej, TATA etc. have already started developing their projects with many ready to move properties also. One can easily find luxury apartments and up class villas here. Average Property price starts here from 5500 per sq ft.