+
Delhi Micro-Markets Drive Up Housing Prices: Grihum Study
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.

According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging locations.

Backed by banks and housing finance companies (HFCs), the region has expanded its housing supply to support the “Housing for All” mission. Emerging zones include Kakrola, Rajapuri, Mahavir Enclave, Chander Vihar, Palam, Amberhai Village, and Bamnoli, among others.

""At a time when India’s affordable housing sector is gaining structural momentum—driven by rurbanisation, income shifts, and PMAY—the ‘Grihum Guide to Affordable Housing: Delhi-NCR Edition’ arrives as a timely and field-rooted resource,"" said Manish Jaiswal, MD & CEO, Grihum. ""It uniquely evaluates the asset itself—not just the borrower—bringing sharper visibility on Net Credit Loss drivers.

The handbook includes affordability benchmarks, suggesting EMI brackets and recommended localities based on income levels. For instance:
  • For income up to Rs 5 lakh p.a., EMI ~Rs 20,800: Areas like Rohini, Sangam Vihar, Deoli, Madangir.
  • For income up to Rs 10 lakh p.a., EMI ~Rs 45,600: Locations include Kakrola, Qutub Enclave, Shyam Vihar.
The report also flags infrastructural challenges in Delhi-NCR—transport, healthcare, and sanitation—and proposes solutions through policy reforms and fast-track mechanisms.
With a footprint spanning Delhi and parts of Haryana, UP, and Rajasthan, the Grihum Guide serves as a critical tool for stakeholders in the affordable housing ecosystem.

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging locations.Backed by banks and housing finance companies (HFCs), the region has expanded its housing supply to support the “Housing for All” mission. Emerging zones include Kakrola, Rajapuri, Mahavir Enclave, Chander Vihar, Palam, Amberhai Village, and Bamnoli, among others.At a time when India’s affordable housing sector is gaining structural momentum—driven by rurbanisation, income shifts, and PMAY—the ‘Grihum Guide to Affordable Housing: Delhi-NCR Edition’ arrives as a timely and field-rooted resource, said Manish Jaiswal, MD & CEO, Grihum. It uniquely evaluates the asset itself—not just the borrower—bringing sharper visibility on Net Credit Loss drivers.The handbook includes affordability benchmarks, suggesting EMI brackets and recommended localities based on income levels. For instance:For income up to Rs 5 lakh p.a., EMI ~Rs 20,800: Areas like Rohini, Sangam Vihar, Deoli, Madangir.For income up to Rs 10 lakh p.a., EMI ~Rs 45,600: Locations include Kakrola, Qutub Enclave, Shyam Vihar.The report also flags infrastructural challenges in Delhi-NCR—transport, healthcare, and sanitation—and proposes solutions through policy reforms and fast-track mechanisms.With a footprint spanning Delhi and parts of Haryana, UP, and Rajasthan, the Grihum Guide serves as a critical tool for stakeholders in the affordable housing ecosystem.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?