Investing in Up-and-Coming Neighbourhoods: Potential for remarkable returns in residential real estate

financialexpress.com:

With a growing focus on up-and-coming neighbourhoods, the real estate market in the National Capital Region (NCR) has witnessed a shift in investment trends. Several once-overlooked areas are now witnessing a remarkable transformation, presenting investors with lucrative opportunities and yielding remarkable returns in residential real estate investments. These factors have contributed to the growth and desirability of these neighbourhoods and have significantly impacted their overall development.

Sanjay Sharma, Director, SKA Group, emphasises the potential for investing in these sections, saying, “By identifying up-and-coming neighbourhoods and investing in their development, real estate buyers can tap into untapped potential and reap the benefits in the long run. These areas offer affordable property prices with a high potential for growth, making them an attractive investment proposition. As these areas undergo positive changes, the demand for residential properties increases, resulting in higher returns on investment.”

“Investing in upcoming realty hotspots provides an excellent opportunity to enter the market at an affordable price point. Establishing businesses and commercial hubs not only creates employment opportunities but also boosts the area’s overall economy. This, in turn, attracts more residents, leading to an increase in property values. The quality of life has improved significantly with better infrastructure, schools, and recreational facilities,” says Salil Kumar, Director-Marketing and Business Management, CRC Group.

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The influx of businesses and the establishment of commercial hubs have further contributed to the transformation