New Gurugram and Dwarka Expressway have emerged as the top performing micro real estate markets in the country with an annual growth of 53 per cent and 34% respectively, in average capital values of under construction properties in the last one year, as per an analysis by Savills India, a global consulting firm.
The second home location, North Goa also witnessed a steep rise of 28 per cent in villa prices over the year owing to rise in ‘work from anywhere’ or remote working and relatively high rental yields, added the consulting firm.
In Gurugram, the average capital values of completed and under-construction properties hit a fresh peak with 37 per cent and 30 per cent, year-on-year growth registered at city level, respectively. The city overall witnessed an increase of 26 per cent on year in the average capital value of residential plots. The Dwarka Expressway registered the highest price growth, with a 43 per cent yearly increase.
Average Capital values of completed and under-construction properties in Noida witnessed a significant yearly increase of 30 per cent and 29 per cent, respectively. With an annual 43 per cent growth, Sector 150 of Noida witnessed the highest growth in capital value for under-construction properties.
With 43% YOY growth, sector 150 micromarket witnessed the highest growth in capital value for under-construction properties.
Delhi saw an overall 16 per cent annual increase in the average capital value of luxury floors. South-East Delhi witnessed the highest price appreciation of 27 per cent on an annual basis for luxury floors. This is followed by the South-West, which registered a YOY growth of 21 per cent.