Infrastructure development will decide which micro-markets in the National Capital Region are on the growth trajectory. Only Dwarka Expressway, Sohna Road, Raj Nagar Extension, and Yamuna Expressway will emerge as the next hubs instead of only focusing on Gurugram, Noida, Faridabad, and Ghaziabad.
Growing Micro-Markets and Urbanizing
With increased connectivity and the roll out of major infrastructure projects, Sohna, New Gurugram, and Meerut have witnessed immense new housing projects, retail developments, and business districts. According to real estate brokers and experts, the growth, apart from these places, in most areas along Dwarka Expressway, Sown Road, and Delhi-Mumbai Expressway has been quite huge-the price of properties along Dwarka Expressway has gone up by as much as 30% in the last one year, and it has shown growth up to 60% in the Gurugram-Sohna corridor over three years.
Housing Boom and Surging Demand
A Cushman & Wakefield report states that Delhi-NCR saw 121% more residential units in the first nine months of 2024 compared to 2023. The new launch of the sector in Gurugram accounted for 88%. Sectors 82 to 85, Dwarka Expressway have become premium destinations with easy access to Cyber Hub, Golf Course Road, and New Gurugram. Sohna has also gained significantly, having emerged as the third-largest residential market in Gurugram.
Raj Nagar Extension in Ghaziabad has transformed into an independent community with lower costs for living and excellent connectivity from Delhi. Infrastructural upgradations like the Regional Rapid Transit System (RRTS) have made this area more appealing for middle-class buyers seeking a home.
Increasing Land Values and Emerging Projects
For example, real estate prices in micro-markets have appreciated considerably due to infrastructure development. Thus, Raj Nagar Extension has seen average price appreciation at Rs 6,000 to Rs 7,000 per square foot, and the last five years recorded an appreciation of 80%. The Ghaziabad Development Authority has also developed a new township, Harnandipuram, near Raj Nagar Extension to cater to the new requirement for houses in the area.
Yet another reason boosting demand for properties in the NCR region is the soon-to-be operational Noida International Airport. Developers say that this, once complete, will further infuse energy into the real estate market.
Investment Opportunities and Growth Potential
Through connectivity, areas like Sohna Road and Dwarka Expressway have been scaled up and hence homebuyers and investors are now interested in these newly developed regions. More developed infrastructures pave the way in helping shape these regions in a strategic manner, providing opportunities for growth.
Conclusion:
Given changing connectivity in the National Capital Region as a result of infrastructure up-grades, new micro-markets like Dwarka Expressway, Sohna Road, Raj Nagar Extension, and Yamuna Expressway are opening up immense potential for homebuyers as well as investors. The rapidly urbanizing areas provide a dynamic mix of housing projects, retail spaces, and business districts which are well-positioned along major transit corridors and amenities. With real estate prices appreciating and fresh projects constantly emerging, these regions represent the next phase of NCR’s real estate expansion promising a foreseen growth potential and connectivity that is well aligned with modern lifestyles.
