Homes under Rs 50 lakh in Delhi NCR

With its towering housing stock and upcoming infrastructure projects, the National Capital Region (NCR) presents an intriguing lure for prospective homeowners. This area has numerous housing options, from affordable homes to opulent, high-end residences. Nonetheless, offers you a list of some of the best locations to invest in Delhi NCR for less than Rs 50 lakh, all while keeping your budget in mind.

Many new locations have gained prominence lately as the Delhi Metro expands into far-flung parts of the National Capital Region (NCR). Other factors that have contributed significantly to growth include the launch of affordable housing projects, better road connectivity, and a greater emphasis on infrastructure. “National Highway (NH)-24, Greater Noida, Greater Noida West, and Yamuna Expressway are some of the best locations for homebuyers in Delhi NCR,” says Suresh Garg, CMD of Nirala World and Secretary of CREDAI Western UP. End users are now driving the market, so developers are concentrating on keeping it going by providing affordable homes in these areas. Infrastructure development has also had an impact on real estate expansion. “For those looking to purchase a home in Delhi NCR for less than Rs 50 lakh, these are the top five neighborhoods.  

NH-24 (National Highway -24) 

NH-24, sometimes known as “the lifeline of Ghaziabad,” has been an essential catalyst for growth in several communities along its path. “Siddharth Vihar, close to NH-24, is a developing area that meets the demands for homebuyers at reasonable costs,” continues Garg. Housing societies long NH-24 have average property values of approximately Rs 3,700 per square foot, following a nearly 15% YoY price rise. The region has grown by almost 18% over the previous five years, and its potential will continue to increase even more with the impending metro extension in Indirapuram.

Noida Extension (Greater-Noida West) 

Greater Noida West, formerly known as Noida Extension, is now a popular option for reasonably priced real estate. The extension of the metro link from Noida to Greater Noida has been one of the primary factors driving the region’s growth. Additionally, some of the earlier worries of home buyers have been put to bed by the resolution of land acquisition issues. Prominent developers, including Gaurs Group, Mahagun Group, and Ace Group, have created several affordable housing projects in the region, and the pace at which the infrastructure is developing there is astounding. The development of Jewar Airport and the connectivity provided by the Noida-Greater Expressway have improved the area’s positive aspects. “The proposed commercial development, the metro terminal at Bodaki, and the Delhi-Mumbai Industrial Corridor (DMIC) project promise to create a lot of job opportunities in the region, which would further boost its real potential,” states Ashudeep Batra, vice president of operations at Exotica Housing. 

 The most popular configuration is the 2 BHK, with average prices rising by nearly 50%, from Rs 4,500 per sq ft square to 5,800 per sq ft. 

New Gurgaon

Sectors of New Gurgaon are suitable for end-use and investment due to their strategic location and connectivity via NH-8. In addition, building the Delhi-Mumbai Industrial Corridor (DMIC) could contribute to the region’s expansion. Between Sectors 81 and 95, the entire area is currently seeing the construction of numerous residential and commercial projects. As the city’s civic infrastructure improves, New Gurgaon will likely become one of the most sought-after neighborhoods. The home values in the micro-market have grown annually by more than 45% and are currently between Rs 5,000 and Rs 6,300 per square foot. The State government’s decision to relocate Kherki Daula Toll Plaza to Pachgaon would help alleviate the area’s heavy vehicular traffic. 

The Raj Nagar Extension

The extension of Raj Nagar, like many other parts of Ghaziabad, has been developing quickly. “Over the past few years, Raj Nagar Extension in Ghaziabad has attracted many home buyers looking at quality housing but unable to afford a property in NCR, “says Anuj Goel, Executive Director of KDP Infrastructure. Raj Nagar Extension is a haven for homebuyers thanks to its many upcoming infrastructure projects, better connectivity, and affordable housing developments. It is the hub of industry, commerce, and education in the western United Provinces and has excellent road connectivity. The Raj Nagar Extension links NH 91 and NH-58 via the six-lane Meerut Bypass. In addition, an elevated road connects the township to Delhi. The green belt beside the Hindon River is another major draw.”


Many of the previously remote areas of Faridabad no longer have connectivity issues thanks to the Delhi Mtero’s extension of service from Badarpur to Escorts Mujesar. Investors are showing a renewed interest in exploring different sectors in Faridabad. Nehar Par is one of the neighborhoods experiencing rapid growth, with an average property price of Rs 4,100 per square foot. 

Your first-time home-buying checklist in Delhi NCR 

If you have this home-buying checklist handy when closing a deal, investing in real estate in Delhi NCR can be profitable! What you should know is as follows: 

  • Delays in possession 

Possession delays in metropolitan real estate are a well-known problem. In Delhi NCR, whether you are opening a store in a business district or purchasing your first house, be ready for delays in possession. When there are delays, the builder or developer usually requests an extension of six months. But this problem primarily affects impending and new housing developments; it rarely affects properties for sale. 

  • Potential for resale 

Opportunities for real estate are plentiful in a bustling city like Delhi NCR. New developments with better features, amenities, and handy locations. Before completing the purchase of your first property, research the property’s potential for resale and determine whether selling it at a good time will help you financially. 

  • Building Caliber 

Shocking footage of a 20-year-old, four-story building collapsing in the Bhajanpura neighborhood of Delhi-NCR flooded media channels in March 2023. Even though no one was hurt, this incident raised questions regarding the quality and standards. Nonetheless, trustworthy developers and builders with proven designs are accessible in Delhi NCR. The three most important factors to consider when buying a property in Delhi NCR are construction quality, development review, and brand value. 

The NCR region has seen tremendous change in recent years due to new highways like the Dwarka Expressway and Greater Noida Expressway, along with metro extensions like the Aqua Line and Rapid Metro. Before making a choice, prospective homeowners should perform extensive research and due diligence because the listed area’s popularity is due to numerous factors. 

Elevator Industry Booms with Vertical Development

Vertical development has become necessary due to the land scarcity and increasing housing demand. This has boosted elevator industry.

Vertical development remains one of the best options to meet the surging housing demand. In fact, due to land scarcity, it has become necessary than optional. Meanwhile it has boosted the growth of elevator industry as well. Continue reading

Shopping Malls Face Dull Demand Now, Report

Vacancy rate in shopping malls is increasing. Some recent reports say that vacancy in shopping is around 30%.

NEW DELHI: Growing vacancy rates has affected the shopping malls. As per some recent reports the vacancy rate of office space in shopping malls is 30% in Delhi-NCR and 25% in Mumbai. Continue reading

CREDAI NCR ponders over regulating property dealers

To boost the home sales, CREDAI NCR now plans to regulate the property dealers in the region. CREDAI NCR has asked the developers to provide salable and carpet area in the project- brochures.

CREDAI NCR to regulate property dealers in the region.

CREDAI NCR to regulate property dealers in the region.

NEW DELHI: Confederation of Real Estate Developers Association of India, the apex body of real estate developers, has decided to regulate the property dealers in the Delhi-NCR region. For this purpose, CREDAI NCR Chapter has already asked its member developers to include both salable and carpet area in their brochures.

The apex body of developers has been thinking over how to boost the home sales. The body found out that there are many scrupulous property dealers who sell the properties by providing misleading and wrong features.

To control the property dealers, it has asked its members to include both salable and carpet areas.

CREDAI NCR also plans to introduce lock-in-period for resale. It also plans to impose higher transfer charges as well. These measures are expected to impact on the property dealers. Moreover it will boost the sentiments of end users.

Amrapali Group’s CMD Anil Sharma has been elected as its new president of CREDAI NCR. His term is for three years – from 2013 to 2015. Continue reading

Rajasthan Royals Renews Supertech’s Contract for IPL 2013

Rajasthan Royals has renewed its contract with Supertech. With this renewal of contract, 2013 will be the third consecutive year of presence for Supertech in the IPL.

Rajasthan Royals to retain its contract with Supertech.

Rajasthan Royals to retain its contract with Supertech.

JAIPUR: Supertech will be present in the Pepsi Indian Premier League 2013 with their partnership with Rajasthan Royals. The team has been in association with the real estate developer since 2011.

IPL 2013 will be the third year for the real estate players. Commenting on the contract-extension Supertech Limited’s Director Mohit Arora said that Rajasthan Royals is consistent in its performance in the previous years. “The team,” he added, “has earned a huge fan now.”

While the real estate developer aims to attain further popularity and glamour to the team, the team is seeking a good and reliable financial support.

Rajasthan Royals’ CEO Raghu Iyer said that the team is really happy to extend its relationship with Supertech. He added that the team has benefitted highly from their partnership with the real estate major. Continue reading

Bangalore saw doubled PERE investments in 2012

Global real estate consultants Cushman & Wakefield reported that Bangalore received nearly Rs.32.3 billion of Private Equity in Real Estate- PERE investments.

PERE investments have risen in Bangalore.

PERE investments have risen in Bangalore.

BANGALORE: According to the latest report by Cushman & Wakefield PERE investments have increased in Bangalore. Last year the city received Rs.32.3 billion in the form of private equity investments. The global property consultants reported that the amount is double the size than that of last year.

Most of the private equity investments were done in the commercial sector. The PE investors like Blackstone and others shifted their investment plans to the commercial sector.

While Rs.32.3 billion was invested in the commercial sector, only Rs.28.5 billion was invested in the residential sector. However the pre-launch residential properties witnessed highest number of PE deals. Though about 25 PE deals took place in the residential sector, the amount was comparatively far lower.

With Rs.13 billion of PE investments, Mumbai stood on the second spot. Delhi-NCR stood third with INR Rs.7 billion of investments. While Mumbai witnessed a minimal decline of 2%, NCR saw a sharp decline of 44%. Continue reading

Home sales pick up in NCR by 46%: reports PropEquity

PropEquity reported that the home sales in NCR have jumped by 46%. The property research firm has tracked home sales over 40 cities.

Home sales pick up in NCR.

Home sales pick up in NCR.

Tracking over 45,000 housing projects of 8200 builders, Property research firm PropEquity has reported that home sales in the National Capital Region (NCR) has picked up.

Now NCR sees a revival of home sales. In January, it added, nearly 9000 housing units were sold in the region.

As against the 6032 home sales in January 2012, 8,812 housing units were sold in January this year. With this improved home sales, NCR sees a revival in the region.

Housing demand picked up along with the clarity in land acquisition issues in Greater Noida. Home sales have picked up highly in Faridabad, Greater Noida and Noida Extension. Besides these areas Yamuna Expressway was another area which saw an increased demand for housing units. Continue reading

Noida flat buyers stumble at Registration hurdles

Noida and Greater Noida development authorities have warned the default developers. The authorities have asked them to pay the due amount or to be ready for facing severe actions from the part of authority.

Home buyers are affected by the new decision of  Noida Authorities not to sanction the layout plans of default developers.

Home buyers are affected by the new decision of Noida Authorities not to sanction the layout plans of default developers.

It seems there is no end for flat buyers in Noida and Greater Noida. The latest registration hurdles has become a pouring of oil to their already- burning issues.

Those builders who have due-payments will not be allowed to register flats in the name of flat buyers. As a result those who have booked flats in Noida and Greater Noida will be troubled.

According to the latest reports, available with the authority, the government has lost Rs.4000 Cr in the form of default payment. Around sixty developers have not paid back the due amount.

Speaking on the issue Mr. H K Verma, additional CEO at Greater Noida Authority, said that the authority will not issue completion certificate to the default developers. He added that layout plans also will not be approved.

Around sixty builders are to pay the two authorities Rs.6000 Cr. The list contains some of the top and well renowned developers.

Noida flat buyers see no rays of hope ahead.

Noida flat buyers see no ready to-move-in home ahead, but barren land.

Mr. Verma informed that the authority is forced to take such harsh stand. It has to find sufficient fund for compensating the farmers. On the other side the Authorities are facing a severe financial crunch now.

Considering the problems of the flat buyers, the Authorities were thinking of not passing any such orders. However now they have no option to tackle the situation in which the Authorities are to pay huge amounts to the farmers as compensation.

Several notices were issued to the default developers. However the builders did not take any action or take the notices seriously. This prompted the Authorities to take tougher stand against these builders. Whatsoever, always the burden is upon the poor home buyers. Their wait to own their dream homes seems to get longer with this new issue.

Trump plans widening its presence in India

US real estate major Trump now plans to expand their presence in India. The group plans to develop two luxury housing projects in Mumbai and NCR.

Trump plans to expand its presence in India.

Trump plans to expand its presence in India.

Trump, the real estate major of USA, is set to enter India. Its India-representative revealed that the group is looking to expand to India now. The US based real estate developer has already entered into talks with some top developers of the country.

The group plans to develop projects in Mumbai and in NCR. Two Trump-branded housing projects will be developed in these areas, said the representative.

The group’s first project is being developed in Pune. Trunk is developing this ultra-luxury project in collaboration with Panchshil Realty. Their Pune project marked their entry into the Indian realty market. Now, they move ahead with the plan to expand their presence in India, especially to Mumbai and NCR.

Their first project ‘Trump Towers Pune’ was launched in 2012. The project is considered as a project which marked the new arrival of elegant luxury in to the subcontinent.

Mumbai-based Tribeca Developers is appointed as India-representative. The group will find out more projects which could be developed under their brand.

Trump to develop two ultra-luxury housing projects

Trump to develop two more ultra-luxury housing projects in India.

They show keen interest on Indian realty market.  It was the first of its kind tie-ups of Trump which plans to make India one of their top markets, outside North America.

Tribeca will help the American firm to find out suitable project sites. Besides, it will also help them find reputable developers of the area who can join with the American real estate major.

Trump’s development arena is not limited to ultra-luxury residential projects. Their development is extended to hotels, mixed-use projects and Golf Course projects. All these will be developed in India too or they plan to do so.

Kalpesh Mehta, Tribeca Developers Managing Partner, said that the group is in advanced talks with some domestic developers. He added that the firm hopes to develop two ultra-luxury projects in NCR and Mumbai within a period of six months to a year.

Faridabad Set To Compete With Gurgaon and Noida

With high paced infrastructure development and growing transportation facilities, Faridabad is slowly emerging as one of the best realty locations in the NCR.

Faridabad real estate booms along with widening of Highways.

Faridabad real estate booms along with widening of Highways.

Faridabad has already become a hot spot for the realty players. Many of the most noted real estate developers of the NCR region have their projects in the city now.

Though the city is facing hard-hearted competition from other neighboring cities like Gurgaon, Noida and Greater Noida, it still has achieved a place among the hot real estate locations in the NCR region.

Compared to other neighboring cities the city is more suitable and demanded by middle income class group. Viewing the increasing population level; in the city Haryana Urban Development Authority has launched a 20 year development plan for the city. Continue reading