North India Statesman
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News India Live, Digital Desk: Delhi-NCR… It is not just a geographical area, but a city of dreams of millions. People are drawn here in the desire of career opportunities, better lifestyle and modern facilities. But, do you know that this growing glow is a surprising price? Here the prices of land and property have increased so much that in many areas it has become more expensive than gold!
This comparison may sound a bit strange, but this is the reality. While the price of one gram of gold is currently around ₹ 7,000 to ₹ 7,500, in some prime areas of Delhi-NCR, the price of a square yard (about 0.83 square meters) land has reached lakhs of rupees. This is a clear indication of how valuable the land has become in this area.
After all, why is the price of Delhi-NCR property prices touching the sky?
There are many major reasons behind this sky touching price:
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Increasing population and demand: Delhi-NCR India’s fastest growing metro is one of the cities. People come here for employment, education and health services, due to which the demand for homes and land is constantly increasing. When the demand is high and the supply is limited, the prices are bound to increase.
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Constantly increasing infrastructure: Noida-Greater Noida Expressway, Dwarka Expressway, new metro lines, and many new commercial and residential projects have made the region even more attractive. Better connectivity and facilities lead to a jump in the price of property.
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Career and Business Opportunities: Delhi-NCR is a major economic center in the country. There is a glut of multinational companies, startups and large industries, which attract people and motivate them to settle here.
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Safe Investment Hide: Many people consider property to be a safe and beneficial investment. Especially in the time of uncertainty, investment in property increases like gold, increasing prices.
Expensive land than gold: Where is this trend visible?
This trend can be seen clearly in Gurugram, Noida, Greater Noida and some posh areas of Delhi. Where there is good connectivity, modern facilities and greenery, property prices have increased rapidly. The builders have also launched premium projects, which are cashing on this growing demand.
What does it matter to you?
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If you are dreaming of buying a house: This is a big challenge, because the burden on your pocket has increased further. You have to do some research according to your budget and needs, and perhaps even considering peripheral areas.
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If you own the property: So this has proved to be a great investment for you. The value of your property is steadily increasing.
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If you are investors: So this area still remains attractive, but intensive research is necessary before big investment.
Property prices in Delhi-NCR are not just financial figures, but it is the growing importance of the region and the dream story of the people. Even in the coming time, experts believe that prices may continue to faster due to growing population and development projects.
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