The National Capital Region (NCR) is witnessing the emergence of new realty micro-markets, fueled by robust infrastructure development and improved connectivity, say experts.
Traditionally Gurugram, Noida, Faridabad and Ghaziabad have been considered the main realty hotspots in NCR, but due to infrastructure upgrades many areas such as Sohna, Raj Nagar Extension, New Gurugram, Dwarka Expressway region, Yamuna Expressway region and Meerut are grabbing spotlight as booming realty hubs.
Experts say improved connectivity and new infra projects have encouraged rapid urbanisation in these areas resulting in a surge in new housing projects, retail centres, and business districts.
“This growth in these new micro-markets in Gurugram is driven by improved infrastructure and increased developer activity. Rates of properties, be it residential, commercial or industrial, have increased significantly in Dwarka Expressway, Sohna Road and New Gurugram micro-markets,” Dharmendra Rao, a real estate broker active in Gurugram and Sohna, told Moneycontrol.
Dwarka Expressway has seen a rise of 30 percent in the average price of new launches between July 2023 and July 2024 while the prices of properties located along the Gururam-Sohna elevated road and Sohna-Dausa part of the Delhi-Mumbai Expressway spiked by around 60 percent in the last three years, he added.