Delhi is Real Estate Market Looks Promising

Being one of India's largest real estate markets, Delhi NCR has been thriving with its intrinsically competitive nature. Despite the high pollution levels, the IT hub in the city has never failed to attract people from across the country, constantly thriving the real estate market forward. Surprisingly, the pandemic didn't wreak havoc on the city's real estate landscape.

On the contrary, the city clocked robust sales amidst the pandemic. According to Knight Frank, Delhi NCR’s residential real estate market witnessed growth by 65 percent YoY in the CY2021, with 35,073 housing units

sold during the year. In the process, Gurugram emerged as the leading residential market in the region, holding a 33 percent share of the total residential sales during H2 2021.

It’s safe to say that the city’s well developed micro markets, large scale infrastructure development, modern amenities, and demand from HNIs, UHNIs, business leaders, corporate professionals, and millennials have all contributed to this fantastic achievement. In addition, everything from low interest rates, government support, and affordability have also helped the market take real estate decisions, not to mention the seamless connectivity the city offers. The well connected metro links, the high functioning international airport, the widespread network of railroads, expressways, and developed intercity connectivity have all been a part of this.

Propelled by the most anticipated economic revival and emerging trends, the city expects to continue this trend and gain acceleration throughout the year, resulting in a more impactful year for the realty sector in Delhi. We believe it’s the perfect time to come up with our issue shedding light on the real estate leaders in the city.
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