India, Nov. 12 -- Delhi is making a renewed bid to attract luxury homebuyers who have moved to Gurugram and Noida in search of gated communities, enhanced security, club facilities and amenity-heavy apartments. Several developers, including DLF, TARC, Unity Group, and KREEVA, are looking to tap this demand with premium residential projects in the capital. However, unlike Gurugram and Noida, where large-scale greenfield developments have transformed the skyline, Delhi's luxury housing expansion will largely depend on the redevelopment of prime urban land.

The question is whether Delhi can create enough quality housing supply to retain affluent buyers who would otherwise look beyond the capital for modern residential developments.

NBCC's ...