Earth Group, one of the leading realty entities points out
the NCR areas which are a lucrative option for residential and commercial
purposes. Earth developers highlight the pros and cons of residential options
which should be considered by the potential buyers before making an investment
.
The potential buyers have a number of options in attractive
locations such as Faridabad, Ghaziabad, New Gurgaon, Greater Noida (West) and
sectors along the Noida-Greater Noida Expressway. According to the Residential
Investment Advisory report 2016, Ghaziabad has a limited scope for
expansion. Earth Group states that due
to the increasing demand of residential apartments along the National Highway
(NH)-24, there arises a dire need of ensuring good road connectivity. Therefore
the widening of NH-24 assumes such importance.
The ready-to-move-in units in Vaishali, Indirapuram and Kaushambi are
emerging as ideal residential locations. The development process of Faridabad
is slow despite its good connectivity with Delhi and the Gurgaon residential
market.
The growth in the industrial and manufacturing sectors has limited the
sustainability of residential developments in Faridabad. It is not considered
to be an attractive option for realty investment and the price growth in
Faridabad is likely to be muted.
Noida Extension (now Greater Noida West) has emerged as an
ideal and affordable residential location in NCR. The litigation-free 18-km Dwarka Expressway
will have a major impact on the real estate scenario in Gurgaon. It will make
Gurgaon an ideal residential location having the much-needed alternative
connectivity between Delhi and Gurgaon.
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