The demand for affordable housing in West Delhi continues to grow, especially in up-and-coming areas like Uttam Nagar and Dwarka Mor, as homebuyers are seeking value-based alternatives to central and premium locations that have continued to gain in price.
Demand for affordable housing in Delhi NCR has primarily come from young families or first-time buyers, as well as working professionals who want to own rather than rent.
Key Highlights
The growth of the metro, the development of new roads, and the accessibility to essential services including schools, hospitals, retail stores, etc., have made the micro-markets of West Delhi a good long-term residential choice.
According to M-SANVI, today’s definition of affordable housing goes beyond just price. Homebuyers are also placing more value on safety, quality of construction, livability, and potential for long-term appreciation.
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As West Delhi continues to attract growing numbers of renters because larger homes with larger square footage and at prices that is more affordable than elsewhere, these factors continue to be increasingly important.
“Affordable housing is now one of the key pillars of residential demand for new homes in West Delhi,” commented Mukesh Kumar, founder of M-SANVI Real Estate Pvt. Ltd. “Homebuyers are looking for the right price, right accessibility to transportation, and right level of comfort in their daily lives, and areas such as Uttam Nagar and Dwarka Mor are very well located to provide for this.”
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