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 Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?