The Luxury of Location: Homes in Prime Neighborhoods in Delhi-NCR

The
luxury
real
estate
in
Delhi-NCR
continues
to
thrive,
mainly
driven
by
the
demand
for
homes
in
prime
neighborhoods
that
offer
a
blend
of
prestige,
exclusivity,
and
modern-day
conveniences.
For
affluent
homebuyers,
the
location
is
beyond
an
address.
As
the
region
continues
to
evolve,
the
demand
for
luxury
homes
has
been
increasingly
driven
by
the
allure
of
well-connected,
high-demand
locations
that
offer
exceptional
living
standards
and
promise
a
secure
and
prosperous
future.

Strategic
locations
are
now
a
key
factor
in
shaping
buyers’
decision-making

Strategic
locations
are
now
a
key
factor
in
shaping
buyers’
decision-making,
and
micro-markets
across
Delhi-NCR
have
become
the
ultimate
choice
for
those
seeking
to
blend
luxury
with
convenience.
The
buyers’
focus
has
heavily
shifted
to
the
property’s
locational
value,
which
offers
ease
of
access,
connectivity,
and
long-term
growth
potential. 

Uddhav
Poddar,
CMD,
Bhumika
Group,
said,
“The
true
essence
of
luxury
in
real
estate
goes
beyond
opulence-it
lies
in
the
exclusivity
of
location.
Faridabad,
with
its
strategic
connectivity,
established
infrastructure,
and
growing
economic
potential,
is
emerging
as
a
new
frontier
for
upscale
living.
At
Bhumika
Group,
we
are
redefining
luxury
through
our
premium
mixed-use
land
development
on
Delhi-Mathura
Road,
combining
world-class
retail,
hospitality,
and
bespoke
residences.
This
prime
address
offers
not
just
homes
but
an
elevated
lifestyle,
seamlessly
blending
convenience,
prestige,
and
enduring
value.”

Regarding
luxury
sales
in
India,
Delhi
NCR
stands
out
as
the
leader
among
the
country’s
top
seven
cities.
It
holds
a
significant
market
share
of
65%,
with
4,763
units
sold.
As
per
the
data
by
JLL,
Gurugram
emerged
as
a
leader,
accounting
for
88%
of
launches
on
Dwarka
Expressway
and
Southern
Peripheral
Road.
On
the
other
hand,
Sohna
experienced
a
remarkable
rise
in
residential
supply
post-pandemic,
becoming
the
third-largest
market
in
Gurugram
after
Dwarka
Expressway
and
New
Gurugram.

As
per
Square
Yards,
property
price
appreciation
in
the
region
has
been
steady,
with
values
almost
doubling
since
2019.
In
2024,
prices
saw
a
13%
increase
compared
to
the
previous
year,
with
rates
ranging
between
Rs.
7,500
and
Rs.
8,500
per
sq.
ft.
These
data
highlight
the
growing
desire
for
high-end
residential
properties
in
these
areas.

Meanwhile,
in
Noida-Ghaziabad,
emerging
micro-markets
such
as
Noida
Sector
150,
Noida-Greater
Noida
Expressway,
Greater
Noida
West,
Siddharth
Vihar,
Raj
Nagar
Extension,
and
Indirapuram
are
rapidly
gaining
traction
among
luxury
homebuyers.
These
locations
are
becoming
increasingly
attractive
due
to
their
evolving
infrastructure,
seamless
connectivity
to
Delhi
and
NCR,
and
a
growing
array
of
premium
residential
projects
catering
to
the
aspirations
of
modern
discerning
buyers. 

Rajjath
Goel,
Managing
Director,
MRG
Group,
says,
“Location
is
one
of
the
prime
attributes
for
any
city’s
real
estate
growth.
Gurgaon
continues
to
dominate
the
luxury
real
estate
segment
due
to
its
unparalleled
connectivity
and
modern
infrastructure.
The
city’s
seamless
access
to
Delhi,
global
corporates,
and
the
IGI
airport,
coupled
with
its
well-planned
urban
ecosystem,
make
it
a
magnet
for
luxury
homebuyers.
Further,
Gurgaon’s
emerging
micro-markets
perfectly
align
with
its
growth
in
luxury
real
estate,
as
its
strategic
location
demonstrates
how
connectivity
shapes
the
demand
for
premium
homes.
As
buyers
increasingly
prioritize
convenience
and
lifestyle,
we
believe
location
will
continue
to
become
a
symbol
of
premium
living,
driving
sustained
demand
and
appreciation.”

Developers
like
Prateek
Group
are
capitalizing
on
the
potential
of
these
micro-markets
by
strategically
positioning
their
projects
in
and
around
the
region
and
further
enhancing
their
appeal
in
the
luxury
segment.
The
group’s
upcoming
premium
residences
in
Siddharth
Vihar
redefine
grandeur
living
through
a
bespoke,
serene
lifestyle
influenced
by
a
fantasy
world.
Strategically
located
along
the
Delhi-Meerut
Expressway,
the
project
offers
excellent
connectivity
to
Delhi,
Noida,
and
Greater
Noida,
coupled
with
world-class
amenities.

Further,
established
neighborhoods
in
South
Delhi,
like
Defence
Colony,
New
Friends
Colony,
and
more,
have
been
identified
as
the
most
affluent
neighborhoods
in
the
city.
The
areas
are
well-connected
to
major
business
districts
and
close
to
some
of
Delhi’s
top
schools,
colleges,
and
hospitals,
making
them
ideal
choices
for
homebuyers
looking
for
a
convenient
yet
prestigious
location.

Ashwani
Kumar,
Pyramid
Infratech,
says,
“Gurugram
’s
real
estate
market
is
witnessing
a
surge
in
demand
for
luxury
real
estate.
Micro-markets
like
SPR
have
experienced
double-digit
capital
value
jumps
in
the
recent
past,
drawing
significant
buyer
interest.
Amid
this
growth,
we
foresee
creating
spaces
that
elevate
the
region’s
appeal
for
homebuyers
and
investors.
Its
accessibility
to
key
hubs
of
Gurugram
adds
to
its
appeal,
while
its
potential
for
long-term
appreciation
makes
it
an
attractive
choice
for
investors.
Thus,
SPR
is
undoubtedly
becoming
one
of
NCR’s
most
promising
luxury
micro-markets.”

Moreover,
in
Gurugram,
the
Dwarka
Expressway
has
emerged
as
one
of
the
best
strategic
destinations
for
the
real
estate
sector.
Several
reports
have
indicated
that
property
prices
here
have
risen
steadily
as
the
expressway
nears
completion. 

Mihir
Jha,
Senior
General
Manager,
Better
Choice
Realtors
Pvt.
Ltd.,
says,
“With
the
advent
of
Dwarka
Expressway,
Gurugram
has
quickly
emerged
as
a
magnet
for
buyers
and
investors
seeking
a
blend
of
accessibility.
Recognizing
the
area’s
potential,
we
contribute
to
this
transformation
by
developing
luxury
homes
that
ensure
a
high
standard
of
living
for
our
residents
while
aligning
with
future
urban
development
needs.”

The
location
has
become
a
powerful
statement
for
affluent
buyers,
signifying
not
just
an
address
but
a
lifestyle
of
comfort,
convenience,
and
long-term
value.
As
NCR’s
infrastructure
and
its
periphery’s
connectivity
improve,
the
demand
for
luxury
homes
in
strategically
located
micro-markets
is
expected
to
increase
further.