A Quick Analysis on shifting Reality trends across Noida and Greater Noida
Published: 06th February 2017
Over the last decade Real Estate in India has touched new heights. The use of high end technologies, Eco friendly surrounding and buyer centric development have been many of the key factors that has boosted the sector. In my today's article we will basically see the price alteration in the time along with latest policies that has crawled in real estate.
Housing is one of the basic needs of humans and thus accounts to high percentage national transaction per year. Even concrete steps have been taken by governments which are emerging as a driver force in real estate.
Real Estate trends in Noida
Noida has witnessed a marvelous economic growth in requisites of IT parks and SEZs. This has led to huge influx of buyers in the areas. Many luring and affordable projects have also attracted a lot of buyers in the area. Noida is well connected to both Delhi and Greater Noida through DND and Greater Noida Expressway. If we look at newest construction update in the real estate in Noida, it is sprawled in 2 major areas:
The first sack includes Sectors 74, 75, 76, 78, 79, 119 and 120. The biggest benefit of the area is an upcoming metro project. Prices are ranging between Rs 4,500 and Rs 5,000 per sq ft.
The second and major area is around Greater Noida West and Greater Noida West itself. The freshly approved Real Estate Regulatory Bill is a significant initiative by the government to address the concerns of real estate sector. This has led to smooth flow in construction of many projects that were stopped in Greater Noida West. Land Acquisition and Rehabilitation and Resettlement Bill are also in pipeline and once these are settled real estate will flourish in the area. You can get an option of affordable homes with range of 2800 to 3500 sq ft and luxurious high end apartments in range of 5000 to 7000 sq ft.
Real Estate trends in Greater Noida
Greater Noida has witnessed a real estate bubble in recent times. The place is well connected with 35 minutes drive from Delhi via 6 lanes Expressway. Many tech giants have opened ther offices that have lured the attention of many people who want to make great career. As per green norms 25% of area is under green cover so that you can enjoy the stay. Greater Noida Industrial Development Authority has also planned to open an IT and Biotech Hub in the area. The property rates have also been much diversified ranging from 2800 to 9200 sq ft.
As per a leading report Noida and Greater Noida real estate will continue to remain strong in Noida and Greater Noida as the submarket offers houses at reasonably priced and has good connectivity. Most of the projects are anticipated to get launched along the Noida-Greater Noida Expressway and beyond on the Yamuna Expressway as there are ample land options available in the area.
Our company Realtorprop has helped many people to buy Apartments in Delhi Ncr. For insights on projects you can check our online portal Realtorprop.com. I hope this article will let you get an insight on property in Noida and Greater Noida. In my next article we will come up with options in other suburban area. You can also reach out our facebook and twitter page for new launches and real estate updates.
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