The uneven growth in NCR
In terms of planned urban growth, the evidence for
real estate development being backed by the creation of associated
physical infrastructure is higher in Noida and Greater Noida. Gurgaon
and Faridabad are at the opposite spectrum, where infrastructure is
developed after the real estate potential of an area has been nearly
fully exploited. In other words, infrastructure projects in these areas
is largely taken up only after an area is already primed for real estate
growth. Even so, Gurgaon has seen the maximum capital appreciation for
investors and end users.