Residential Supply Near Employment Hubs in NCR Soars
Real Estate

Residential Supply Near Employment Hubs in NCR Soars

Magicbricks, India’s leading real estate platform, has revealed significant growth in residential demand and supply across key areas in the National Capital Region (NCR), particularly in locations near IT parks, industrial zones, and commercial hubs. These strategically located regions, benefiting from superior connectivity and infrastructure development, are attracting homebuyers and investors alike.

According to the latest insights, Techzone 4, Greater Noida has recorded a remarkable 449 per cent Year-on-year (YoY) increase in supply, while Sector 89, New Gurugram has reported a 300% YoY growth in residential supply during Q4 2024 (October–December 2024). Other promising investment destinations include Yamuna Expressway (Noida), Sector 68 (Gurugram), and Sector 1 (Greater Noida West), all of which are gaining traction due to their proximity to employment hubs.

Modern homebuyers are increasingly prioritizing projects that reduce commute times and enhance work-life balance. This preference has driven demand in areas such as Sector 93 (Gurugram), Sector 79 (New Gurugram), and Sector 150 (Noida-Greater Noida Expressway), which have witnessed a 10 per cent rise in residential demand over the past year. Similarly, Techzone 4 (Greater Noida) and Yamuna Expressway (Noida) have experienced a 9% increase in demand during the same period.

These areas are also a promising destination for investments as they are experiencing capital appreciation. In the past one year, residential prices in Yamuna Expressway (Noida) have increased by 50%, while Sector 79 (New Gurugram) has observed capital appreciation of 43 per cent. Sector 37C and Sector 68 (Gurugram) have also experienced 39% and 36% capital appreciation respectively in the past one year.

In terms of specific projects, Ashiana Amarah has emerged as the most searched project in Sector 93, Gurugram on Magicbricks platform due to its proximity to Cyber City, Udyog Vihar, and Golf Course Extension Road. Around Yamuna Expressway, Oasis Grandstand is most searched, largely due to its strategic location near upcoming IT and industrial zones. Similarly, CRC Joyous (Techzone 4, Greater Noida) and ACE Parkway (Sector 150, Noida) are most searched in their respective areas due to their connectivity with Noida’s IT hubs.

These trends underscore NCR’s evolving real estate landscape, with developers focusing on strategic locations that combine lifestyle convenience with robust infrastructure, ensuring strong returns for both end-users and investors.

Magicbricks, India’s leading real estate platform, has revealed significant growth in residential demand and supply across key areas in the National Capital Region (NCR), particularly in locations near IT parks, industrial zones, and commercial hubs. These strategically located regions, benefiting from superior connectivity and infrastructure development, are attracting homebuyers and investors alike. According to the latest insights, Techzone 4, Greater Noida has recorded a remarkable 449 per cent Year-on-year (YoY) increase in supply, while Sector 89, New Gurugram has reported a 300% YoY growth in residential supply during Q4 2024 (October–December 2024). Other promising investment destinations include Yamuna Expressway (Noida), Sector 68 (Gurugram), and Sector 1 (Greater Noida West), all of which are gaining traction due to their proximity to employment hubs. Modern homebuyers are increasingly prioritizing projects that reduce commute times and enhance work-life balance. This preference has driven demand in areas such as Sector 93 (Gurugram), Sector 79 (New Gurugram), and Sector 150 (Noida-Greater Noida Expressway), which have witnessed a 10 per cent rise in residential demand over the past year. Similarly, Techzone 4 (Greater Noida) and Yamuna Expressway (Noida) have experienced a 9% increase in demand during the same period. These areas are also a promising destination for investments as they are experiencing capital appreciation. In the past one year, residential prices in Yamuna Expressway (Noida) have increased by 50%, while Sector 79 (New Gurugram) has observed capital appreciation of 43 per cent. Sector 37C and Sector 68 (Gurugram) have also experienced 39% and 36% capital appreciation respectively in the past one year. In terms of specific projects, Ashiana Amarah has emerged as the most searched project in Sector 93, Gurugram on Magicbricks platform due to its proximity to Cyber City, Udyog Vihar, and Golf Course Extension Road. Around Yamuna Expressway, Oasis Grandstand is most searched, largely due to its strategic location near upcoming IT and industrial zones. Similarly, CRC Joyous (Techzone 4, Greater Noida) and ACE Parkway (Sector 150, Noida) are most searched in their respective areas due to their connectivity with Noida’s IT hubs. These trends underscore NCR’s evolving real estate landscape, with developers focusing on strategic locations that combine lifestyle convenience with robust infrastructure, ensuring strong returns for both end-users and investors.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement