The real estate sector has experienced a series of ups and downs in the form of corrective measures taken by the government which gave us a reason to cheer and boosted the confidence of investors in 2016. The government initiatives were aimed to bring down the property prices, home loan interest rates and make the Indian realty sector more quick and transparent cutting down on all kinds of delivery delays. There shall be healthier market conditions in the coming times with an improvement in demand and interest. Various measures like smart city initiative, focus on infra-structure development, GST, RERA ACT 2016, Benami Transactions Act, Acquisition Rehabilitation and Resettlement (Amendment) Bill and most importantly the demonetization drive shall make the sector professional and transparent clearing all sorts of ambiguities.
Post demonetization, it will be a favorable situation for the buyers and developers to grab the best deals as there shall be no black money in the system and ample availability of properties at corrected price rates. Those who had adopted the wait-and-watch approach for buying the property shall come ahead to make investments in the right period and at right prices. The subsequent rate cut in the home loan interest rates will also make the finance cheaper. Ample availability of funds with the bank will help channelize the money into development and infrastructure purposes.
For those who wish to by a dream home somewhere in the NCR, property in Noida seems to be the best option as this ever-developing place is riding high on the realty wave of NCR. With Delhi falling short of land parcels and its sky-rocketing prices, people are eyeing for properties in Noida as they offer an enhanced lifestyle, excellent facilities and wholesome bag of amenities which are truly unmatched in every sense. These new projects in Noida are a kind of boon for mid-segment buyers as they offer them a world of their dreams with ultimate luxuries and comforts and at pocket-friendly prices.
Residential property in Noida has always been in demand since the city has a flourishing job market and with the increasing income levels, there is a horde of ultra-modern projects coming up to meet and facilitate the requirements of all kinds of residents. Since the demand is always high, the property buyers or investors need not worry about the returns on investment made. The competitive surroundings of the city in the real estate sector have resulted in fairly amazing price ranges which are less as compared to any other part of the NCR. Metro connectivity to different parts of NCR and Delhi, better infra facilities like that of a smart city in the form of better water and power supply, world-class infrastructure like the 6-lane Yamuna Expressway to bridge the gap between Noida and Greater Noida, nearness to workplaces, unsurpassed community facilities and best amenities for the children like top-notch schools and hospitals are some of the reasons why Noida is a preferred residential destination. A slew of developers are coming up with their pristine residential projects in Noida and that too on the fast-track mechanism.
It is not just a good residential destination but offers favorable environment for commercial property in Noida. It is witnessing a remarkable increase in the construction of commercial projects which will serve as the nucleus of several big corporates and multi-national companies. Its unsurpassed communication facilities connecting all the corners of the city add like an icing on the cake. Its tactful location of being close to Delhi and Gurgaon ensures a smooth connectivity from this fabulous place via Noida Expressway and boosts the realty demand of the city. There are ample job opportunities available here as several big business houses, PSU’s, MNC’s and starts ups are adding wealth to the city’s property market. It has an easy and ample availability of quality spaces with good infrastructure and of labor force for manufacturing companies which is making the city a good commercial property destination. Thus, several developers are having interest for launching their commercial projects in Noida as the city’s well-built, spacious and decongested infrastructure, well-metalled roads make it a great deal for commercial investments. It is easy to find property matching your tastes and budget.
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