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Delhi & NCR Commercial Real Estate Booming

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Delhi & NCR Commercial Real Estate Booming

Last updated: March 30 2008
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  • #11

    #11

    Re : Delhi & NCR Commercial Real Estate Booming

    Reelhi & NCR commercial real estate booming

    Developments in the Indian real estate sector symbolize the changing face of nation and it is a reflection of the growth in the Indian economy brought about by high rates of GDP and also by India's integration with the global economy. Globally, the IT industry is expected to be the engine for economic growth and social development for a long time to come. The advent of internet and e-commerce has transformed and revolutionised traditional businesses and is significantly having a impact on the industry, government and the society at large. India is rapidly emerging as one of the top global powerhouses in the IT sector.
    Delhi is the national capital of India and also one of the hottest destinations for investors. One of the most proactive reasons for investor’s priority as such is due to its good connectivity with most of the cities in India other than the best connecting city to all international airports. The property prices in Delhi in the recent times have been quite exorbitant.
    Over a long period of time Noida has amazed everyone around the neighborhood to look at this place with flabbergasted expressions. Truly, since 1976 the Noida authority has left no stone unturned and let the entire nation look at it with spectacled eyes. But things have moved on and today it is Greater Noida which has changed.
    Gurgaon is the happening place at Delhi’s shoulder. When New Delhi filled up, Gurgaon exploded. The Haryana government is doing all it can to make the best and brightest of all tier two and three cities. Soon you will find the tallest buildings, the widest roads, the swiftest traffic, the glitziest malls and the swankiest hotels, to believe the swaggering developers.

    Last edited by julie; February 27 2008, 05:09 PM.

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    • #12

      #12

      Re : Delhi & NCR Commercial Real Estate Booming

      Real Estate Trend assessments in Noida

      Can anyone give an update on the trends of real estate in Noida sectors? Is it good to buy one of those 200 or 250 Sq.M. housing plots? If so what are good sectors and what are the going rates?
      People say the prices are going to skyrocket soon, with Commonwealth Games fast approaching, etc? What is the true and realistic scenario?

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      • #13

        #13

        Re : Delhi & NCR Commercial Real Estate Booming

        After a long boom in IT and ITES sector, impact of US recession is clear on Financial, IT and ITES sector. IT and Financial companies can't remain untouched by Subprime heat in US. Real estate companies which were thriving on the back of these industries are going to have a tough time ahead. Small time builders and brokers who invested heavily will face the tough time ahead in 2008 and ahead..

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