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Delhi-NCR Shines Bright: Ambience Group Bullish on Region’s Rise as Luxury Real Estate Hotspot amid Metro Expansion and Infrastructure Surge
New Delhi [India], May 7: The burgeoning demand for luxury housing in Delhi-NCR has not only sparked optimism in the market but has also prompted developers to innovate strategically. With a growing emphasis on catering to the high-end market, developers are crafting bespoke projects tailored to the refined tastes of discerning buyers. This shift has resonated well with affluent homebuyers [...]
New Delhi [India], May 7: The burgeoning demand for luxury housing in Delhi-NCR has not only sparked optimism in the market but has also prompted developers to innovate strategically. With a growing emphasis on catering to the high-end market, developers are crafting bespoke projects tailored to the refined tastes of discerning buyers. This shift has resonated well with affluent homebuyers who demand nothing short of perfection.
A recent report by Cushman and Wakefield reveals that Delhi-NCR leads in offering luxury homes, with prices starting no less than ₹15,000 per square foot. These upscale residences constitute a significant portion, representing 61% of all new residential projects. This surge in demand from affluent buyers has prompted more developers to focus on the luxury segment.
The report also highlights a significant increase in capital values during the March quarter in the NCR region, with a quarter-on-quarter increase of 1 to 2 percent and a yearly increase of 12 to 15 percent. With more project launches expected in the future, these figures are projected to raise further, solidifying Delhi-NCR’s position as a thriving hub for luxury real estate.
