The Booming Real Estate Industry of the City Of Noida

Termed by many as the emerald of the national capital region, Noida enjoys a reputation that is in stark contrast with its peers such as Indirapuram & Ghaziabad. A city that was once recognized by vast stretches of agricultural land and a lack of basic infrastructure has now transformed intone of the best real estate destinations in the country. 
There has been a formidable rise in the demand of housing products in and around the region and the best developers in Noida is busy innovating to make the most of the opportunities coming their way.

There has been a notable surge in the prices of residential properties in the city, which has played a remarkable role in stimulating healthy return on investments for existing home owners. A flat in Greater Noida today, comes at a price that isn’t affordable to many, especially when compared to the prices that prevailed around a decade ago. This has encouraged further investments from prospective investors who consider quality over quantity. 
Noida has a come a long way in the past few decades and has made a noteworthy impact on the nation’s growth. It would be apt to conclude by saying that the future holds well for the city.

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Reasons Why Noida Has Become Hot Spot For Real Estate Builders

When it comes to hi-tech real estate development, Noida has come up with many new residential as well as commercial projects. If we start counting the positives, then Noida have couple of them as compared to neighbouring cities. The city is continuously expanding with excellent career opportunities. This is one of the main reasons that compel developers and buyers to invest in Noida.
There are many fascinating reasons that force builders in Noida to construct luxurious projects in the city. The reasons include lower prices and excellent connectivity to Delhi NCR. Reasons like this are responsible for hike in property prices in the coming years. There are many luxurious 4 bedroom apartments, flats and other residential solutions recently launched by reputed builders in Noida.

The projects in Noida are equipped with advanced and hi-tech amenities and scenic landscape. Excellent connectivity with nearby areas through metro and other transportation vehicles is also one of the major reasons. The Builders in Noida are providing some of the premium facilities to its customers like gym, swimming pool, hospitals, cafeteria, etc. Location advantage also drives people to book their apartments in this area.
The recently launched metro rail facilities also have simplified the life of travellers from neighbouring cities for jobs. The builders have launched many 2-4 bedroom apartments at prime locations. These apartments are affordable and suits pocket of everyone. Such favourable factors are the main reasons which is a compelling force for builders and buyers to invest in Noida real estate.

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Top Developers in India Enter the Noida Real Estate Market

New Okhla Industrial Development Authority or NOIDA is a city in the National Capital Region of Delhi. Essentially part of the Uttar Pradesh state of India, Noida has become one of top industrial cities in the country. It was set up in the 70s to promote urban planning in the localities closer to New Delhi as land availability was limited in Delhi for any further expansion. A little known fact remains that Noida has the highest per capita income in the whole of NCR. Noida real estate is surely flourishing with a lot of activity creating a steady demand for flats for sale in Noida.

Noida is situated in the Gautam Buddh Nagar district in the state of Uttar Pradesh. It is only 20 km away from New Delhi and Greater Noida, an extension of Noida and a developing locality by itself. Noida enjoys a strategic location it is bound by Delhi, Ghaziabad, the Yamuna River and Hindon River on its sides. Parts of Noida also constitute the catchment area of the Yamuna River. Noida Extension is a part of Greater Noida governed by the Greater Noida Industrial Development Authority. Greater Noida was planned in such a manner that it holds about a million middle and upper middle income group of persons.

The entry of big developers tends to improve market sentiments and helps the realty sector revive from its prolonged period of lull. How the market responds to this mega budget projects is yet to explored and explained. "Mumbai, Delhi-NCR and Bangalore are our major markets.

Noida real estate is supported by great infrastructure. It is considered to be one of the cleanest cities in India. With good physical infra like roadways and suburban rail and metro boosting connectivity in the region, Noida has become a top investment choice for builders as well as buyers. Recent reports suggest that top develop Godrej Properties has entered the Noida real estate market. This housing project is said to be premium and mid segment flats for sale in Noida.

We are looking at more projects in Delhi-NCR. We do not have presence in Noida which is a key market in Delhi-NCR. We are looking to add projects in this market as well. It is a good time to add new projects as real estate market is facing slowdown. It will be in next fiscal. We are waiting for the approvals to start the project" said CEO Pirojsha Godrej to PTI

In the meantime property rates in Noida, Greater Noida and Yamuna Expressway have shown steady appreciation. Builders are keen to invest around these regions as it acts as a hub for major connecting roads in Delhi NCR. Most localities in Noida have properties in the price range of INR 5000 to 6000 per square feet. However top notch localities like Sector 44 has shown a remarkable pricing of INR 10,000 to 12,000 per square feet. This is because of the premium nature and exclusivity of this sub locality.

Article Source: http://EzineArticles.com/8631580

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