A good number of housing projects and townships are proposed to come up at Bhiwadi, Dharuhera, Rewari and Alwar which lie towards the south-west of NCR. But these places lack adequate physical and social infrastructure and so end-user purchase has little scope. The majority of the projects are in launch stage with flats in the price ranges of Rs. 1,350-Rs. 1,950 psf. Residential plots are available at Rs. 1,550 psf in Prasvnath City, Dharuhera, Rewari, however, has minimal supply coming up due to physical amenities as well as competition from stronger markets like Gurgaon and Manesar in the vicinity.

Finally, Sonepat, Kundli and Panipat in the NCR’s north-west stretch have a good presence of business groups and possess a sound potential for real estate growth. The region will account for 6% (11.12 million sq.ft ) of the total supply by 2009-10. Projects such as Ansal API’s sunshine country in Kundli fall in the Grade A segment. Delhi Master Plan 2010, has recommended provision of extra FAR for existing plots and building of 75,000 new housing units every year, laid stress on the housing needs of the urban poor and prescribed constructing residential estates on farmlands in north and south Delhi.

On the other hand, because of high inflation, interest rate hike and SEBI’s stand on land bank valuation, there has been, says Knight Frank Research, a correction of nearly 15% on an average in the capital values of land across the NCR. This is due to a decline in the number of buyers.

The RBI measures have squeezed the realty market from the demand and supply side, but happily curbed the speculative demand in the market as well. And with the end-user driven demand not been affected much,

NCR remains a formidable real estate destination.