With expressway, metro extensions, wider highways and the availability of land parcels, Noida promises to be the emerging real estate destination in the NCR region. In 2013-2014, about 6.5 millions sq. ft. of housing solutions are projected to come up in the Noida, Greater Noida and Gurgaon.
Yamuna Expressway, now open to ease traffic congestion, has brought the rapid demand for housing solutions. After consistently rise in properties development for past four years from 2008-2012, now the property sector of Noida is stable.
Gone are those days when prices got doubled every year. Prices are quite high where most of the property investors are substantially enjoying huge profit. With the significant rise in the property values, property investors are opting for other cheaper destinations, such as Noida, Greater Noida and Gurgaon.
Noida authority is revamping the state-of-art amenities and other social and physical infrastructure facilities. Most of the awaited project such as Mahagun Mantra Noida and Mahagun Mywoods Noida will surely help in the fast-track growth of Noida region.
Level of occupancy in high-end housing projects in the Noida Township is recorded at approximately 30-40%, as for HNI's (High net worth individuals) who purchase property in Noida for the purpose of long-term investment. Noida, being close to provincial capital, the city has now become the hotspot for NRI with multitude of residential projects. The foreign direct investment in the coming year is expected to be Rs. 40,000 Crores.
Moreover, due to the presence of civic amenities, the prospective user is now ready to shift in these projects. One of the most crucial factors responsible for the low occupancy in most of the Noida sectors is the presence of improved public means of transport.
Many of the reputed builders are developing high-rise tower in the form of residential, commercial and retail projects in anticipation of Noida, Greater Noida, and Gurgaon, as these zones are merging as a fastest IT/ITES hub. Consequently, with the rapid development for commercial real estate market as well, NCR residential property has also raised swiftly. These premium residential projects, especially in Noida are targeted at higher-level executives from the IT and ITES industry. However, as long term prospect of Noida zone are concerned, the township is well planned and it offers clean air and a lot of greenery all around. With realty business getting more organized day by day, consumers are getting acquainted with advancement of new age technologies. Understanding benefits of living in green community, they are looking forward for environment sustainable and eco friendly projects.
Yamuna Expressway, now open to ease traffic congestion, has brought the rapid demand for housing solutions. After consistently rise in properties development for past four years from 2008-2012, now the property sector of Noida is stable.
Gone are those days when prices got doubled every year. Prices are quite high where most of the property investors are substantially enjoying huge profit. With the significant rise in the property values, property investors are opting for other cheaper destinations, such as Noida, Greater Noida and Gurgaon.
Noida authority is revamping the state-of-art amenities and other social and physical infrastructure facilities. Most of the awaited project such as Mahagun Mantra Noida and Mahagun Mywoods Noida will surely help in the fast-track growth of Noida region.
Level of occupancy in high-end housing projects in the Noida Township is recorded at approximately 30-40%, as for HNI's (High net worth individuals) who purchase property in Noida for the purpose of long-term investment. Noida, being close to provincial capital, the city has now become the hotspot for NRI with multitude of residential projects. The foreign direct investment in the coming year is expected to be Rs. 40,000 Crores.
Moreover, due to the presence of civic amenities, the prospective user is now ready to shift in these projects. One of the most crucial factors responsible for the low occupancy in most of the Noida sectors is the presence of improved public means of transport.
Many of the reputed builders are developing high-rise tower in the form of residential, commercial and retail projects in anticipation of Noida, Greater Noida, and Gurgaon, as these zones are merging as a fastest IT/ITES hub. Consequently, with the rapid development for commercial real estate market as well, NCR residential property has also raised swiftly. These premium residential projects, especially in Noida are targeted at higher-level executives from the IT and ITES industry. However, as long term prospect of Noida zone are concerned, the township is well planned and it offers clean air and a lot of greenery all around. With realty business getting more organized day by day, consumers are getting acquainted with advancement of new age technologies. Understanding benefits of living in green community, they are looking forward for environment sustainable and eco friendly projects.
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