Haryana Govt. Approved Delhi Behror & Delhi Panipat RRTS
Over the past year, luxury condominiums have maintained their position as the most sought-after housing segment, experiencing the fastest growth rate nationwide. The pandemic-induced disruptions have contributed to a surge in demand for condominiums, gated communities, and self-sustaining ecosystems during this unprecedented phase. Furthermore, purchasing a luxurious property in a prime location has become increasingly important following the pandemic, as homebuyers aim to reduce their travel time for work and leisure activities. Limited options in Delhi have led to a significant demand for integrated condominiums, according to data from CRE Matrix Research. Sales figures in Delhi have exceeded pre-covid levels, with 1.23 lakh and 1.34 lakh homes sold in 2021 and 2022, respectively, compared to 1.15 lakh in 2019 and 73,777 in 2020.
The surge in demand has prompted leading developers to launch projects in the capital, where there has been a renewed interest in the luxury real estate market. One such project is One Midtown, which is part of a broader development plan for DLF Midtown in Delhi. During the initial phase, this high-rise luxury residential project generated sales of towers worth Rs 1500 crores. DLF is preparing to unveil the final tower of One Midtown in the near future.
First-time homebuyers prefer condominiums as their top choice when purchasing a property. The outbreak has significantly influenced the homebuyers’ perspective on the residential sector, as per the report.
The national capital has consistently been the most desirable residential destination for homebuyers. Currently, there is an increasing demand for high-end condominiums in the city, a product category that has experienced tremendous growth in all other areas of the National Capital Region (NCR) over the last two decades.
