2023 Homebuyer Trend Changing the Shape of Real Estate In Delhi NCR

Feb 15, 2023

We all witness trends from time to time. Whether it is about fashion, travel, or lifestyle, trends we see around us or on social media leave a tremendous impact on our life. But did you know there is also a trend becoming popular wherein home buyers prefer buying their home near their workplace? According to a study by  OLX, 50% of all interested homebuyers in the National Capital Region dream of buying a home close to their workplace.

The study also revealed that another 48% of the participants would buy a property for investment purposes, and 45% of buyers would consider amenities such as a swimming pool, gym, etc. when investing in a property.

Other Factors Fashionable Among Investors and Homebuyers

The study also shed light on some factors that interested home buyers and investors would prefer when investing in a property in Delhi NCR. Factors such as gated community, more security, more space, proximity to schools and shopping places, and peaceful surroundings are at the forefront of the homebuyers' trend in 2023. These trends point to the paradigm shift the real estate sector of Delhi or perhaps India is witnessing.

The OLX study also recognizes that one-third of the investors and home buyers seek ready-to-move houses, specifically in the NCR closer to commercial hubs such as Noida, Greater Noida, and Gurugram. Plus, they prefer 2 and 3-BHK units rather than single-bedroom apartments. The reason for this can be the cut in recent home loan interest rates, allowing homebuyers to get funds without putting a hole in their pocket.

Another important finding of the study is that most people use online tools and platforms to search for a property in the desired location, which reveals that real estate developers with an online presence will benefit the most in the future.

Where to buy a Property in Delhi NCR?

If you are considering investing in a property, whether for investment and security or to reside, Purvanchal Royal City Phase II is your best bet. Located strategically in Greater Noida amidst the vast expanses of greenery, it boasts a plethora of amenities that very few communities in the country offer. From a swimming pool and a fully equipped gym to a kid’s zone and senior dedicated space to fully furnished apartments and more, it has everything you need to lead a luxurious, comfortable, and satisfying life. 

Since Purvanchal Royal City Phase II is a relatively new project, the property price is also low, making it easier for homebuyers to fund their purchase. Besides, the project is located close to the Noida-Greater Noida Expressway, having excellent connectivity to Easter UP, Delhi, and Noida. And after the completion of the proposed Jewar Airport and Delhi-Mumbai Expressway( called The Greenwich Connectivity), the connectivity will extend further. This will have a tremendous impact on the property value and land rate nearby, benefiting investors and homebuyers who choose Purvanchal Royal City Phase II. 

If you are interested in investing in Purvanchal Royal City Phase II, feel free to explore more here.