Realtors Unsure About UP CM’s Target of Completing 50,000 Homes in April

By : 360 Realtors

04 July, 2018

Uttar Pradesh Chief Minister Yogi Adityanath stated that 50,000 flats would be ready to be acquired by homebuyers in Greater Noida, Noida and the Yamuna Expressway by April. However, the real estate developers are not sure about this target. The process had commenced last year, and the UP government had set the target before the local administrators. The demand for NRI properties in India has been increasing over the years and the residents are also looking for affordable homes. The completion of 50,000 homes by the scheduled time will bolster the real estate growth in the state to a great extent.

The CM stated that the target would be achieved by April, while speaking in Ghaziabad after inaugurating the Hindon Elevated Road. However, the CM blamed the SP regime under Akhilesh Yadav, which has delayed the process to a certain extent. As the new Chief Minister, he had first visited Noida on December 23. He had promised that the twin cities would get around 80,000 homes by March 31.

He also stated that around 50,000 units of housing will be handed over to the homeowners by the end of next month. Besides, in the next 6 months, around 50,000 housing units would be coming up in the city. He blamed the past governments for the delays in the process, but assured the development of the homes in the months to come. In recent years, the demand for homes in the country has increased. You can buy the best properties in india in the key cities. Have a look at the leading property sites to get an idea of the prices of property in these regions. Besides, the smart cities are also likely to be developed in the selected areas.

Although the Chief Minister assured the development of the housing units, the leading realtor associations are not sure whether the target can be achieved. With the pace of development at the present stage, they are doubtful about the launch of these homes within the stipulated time. A number of reputed builders in india are working on these projects and they are likely to develop the homes. With the new properties scheduled to be launched in the coming months, the real estate industry in UP is likely to get a boost. Homeowners are keen to buy affordable homes in the key cities as well as the suburban areas. As the supply of homes increases, they may be able to get them at a more affordable rates. The high-end homebuyers are also on the hunt for luxury property in the country. In case you are willing to buy these properties, you can have a consultation with the luxury property agents. The prices of these properties are likely to be different, according to specific locations. You may have a look at the under-construction projects in the top real estate sites to get a better idea about the prices of these homes. Contact the top rated real estate agents, who can guide you about buying these properties. Keep an eye on the real estate portals for new property in the city.