Noida real estate market is gearing up for the New Year and things seems to be looking up for the realty market in Noida and other cities part of the National Capital Region. Ease in the FDI reforms, implementation of the REITs and a number of infra developments in the country has really created a lot of opportunities of builders and home buyers alike. The realty market in the National Capital Region has gained necessary momentum in the recent past. Noida and Gurgaon are two regions that will see the most amount of stability this 2015. They are mature real estate markets and the things will definitely see an interesting turn of changes.
Santhosh Kumar of JLL India says to Money Control that, “Various recent announcements and the infrastructure uplifts of the city have made Noida's real estate market increasingly attractive. What favours investors entering Noida is the lower pricing factor, which now promises better appreciation and returns on investments. The realty market in Gurgaon has now crystallized into one most favourable for buyers in the premium segment. But the other side of the coin is that the high price points in Gurgaon suggest that properties there will no longer fetch high rates of appreciation. With the fast-paced development in infrastructure in Noida and its vicinity, real estate growth has really picked up over the past few years.”
Many new projects have been charted out in the National Capital Region which will help in the appreciation in the price of properties in Noida. The extension of the metro line from Dwarka-Noida to Pari Chowk if completed will have a huge impact in the realty market and improve the prospects of residential apartments in Noida. However this project will only have long term implications as the assignment will only wrap up by the year 2021. The Noida Metro Rail Corporation has secured approvals for a 29 km long metro link between Greater Noida and Noida. This project will be a game changer for properties in Noida. Although one must not expect overnight returns and be prepared to stall selling of property to the right time.
On the other hand apartments in Greater Noida, an extension to Noida has posed an opportunity to establish their own power plant which will add to the number of infrastructure projects in the region, thus improving the overall appeal of the city. In fact Greater Noida has attracted a lot of investment in the in the luxury housing sector. Top builders like Supertech Ltd, 3C Company, Prateek Group, Lotus
Greens and Wave Infratech have projects in the locality starting from INR 3000 to 4000 per sq. ft. With improving infra and improving connectivity in the region Noida and Greater Noida are emerging as joint players in the race for realty demand in Noida. Projects of economic importance like Export Promotion Zone and Taj Economic Zone is predicted to give these areas a complete realty makeover. Time will tell how the consumers respond to this.
Santhosh Kumar of JLL India says to Money Control that, “Various recent announcements and the infrastructure uplifts of the city have made Noida's real estate market increasingly attractive. What favours investors entering Noida is the lower pricing factor, which now promises better appreciation and returns on investments. The realty market in Gurgaon has now crystallized into one most favourable for buyers in the premium segment. But the other side of the coin is that the high price points in Gurgaon suggest that properties there will no longer fetch high rates of appreciation. With the fast-paced development in infrastructure in Noida and its vicinity, real estate growth has really picked up over the past few years.”
Many new projects have been charted out in the National Capital Region which will help in the appreciation in the price of properties in Noida. The extension of the metro line from Dwarka-Noida to Pari Chowk if completed will have a huge impact in the realty market and improve the prospects of residential apartments in Noida. However this project will only have long term implications as the assignment will only wrap up by the year 2021. The Noida Metro Rail Corporation has secured approvals for a 29 km long metro link between Greater Noida and Noida. This project will be a game changer for properties in Noida. Although one must not expect overnight returns and be prepared to stall selling of property to the right time.
On the other hand apartments in Greater Noida, an extension to Noida has posed an opportunity to establish their own power plant which will add to the number of infrastructure projects in the region, thus improving the overall appeal of the city. In fact Greater Noida has attracted a lot of investment in the in the luxury housing sector. Top builders like Supertech Ltd, 3C Company, Prateek Group, Lotus
Greens and Wave Infratech have projects in the locality starting from INR 3000 to 4000 per sq. ft. With improving infra and improving connectivity in the region Noida and Greater Noida are emerging as joint players in the race for realty demand in Noida. Projects of economic importance like Export Promotion Zone and Taj Economic Zone is predicted to give these areas a complete realty makeover. Time will tell how the consumers respond to this.
