The section of market handling the real estate arena encapsulating Noida and Noida
Extension has seen its share of highs and lows. If on one side there was huge number of
buyers depositing the initial amount and booking homes then on the other side, there were
controversies and court cases surrounding the projects. Ever since the construction of
residential spaces started in some particular parts of Noida and extension, there were
moments of joys, hiccups and some serious issues that you must have encountered.
Some of you must have invested money and some of you must be thinking about making an
investment. Here are some of the details that you must take note of; Let us share with you
some of the latest buzz from the real estate town:
Extension has seen its share of highs and lows. If on one side there was huge number of
buyers depositing the initial amount and booking homes then on the other side, there were
controversies and court cases surrounding the projects. Ever since the construction of
residential spaces started in some particular parts of Noida and extension, there were
moments of joys, hiccups and some serious issues that you must have encountered.
Some of you must have invested money and some of you must be thinking about making an
investment. Here are some of the details that you must take note of; Let us share with you
some of the latest buzz from the real estate town:
1. Projects in Noida Extension
Now Free
The builders who have their
projects in the Noida Extension zone can have a sigh of relief
now. The construction of some of
the most ambitious residential projects by bigshots like
Gaursons and Supertech was on
hold since 2011. The legal actions being taken by farmers
then led to a very saddening
stoppage of the realty activity and the buyers were put on a
long wait. Times are changing and
investor confidence is now being on the path of being
restored. The good news is that
over 500 flats have been handed over to the respective
buyers. The only thing that will
pinch you here is the extra tab that you will have to pay at
the time of possession.
2. New Realtors on the Block
The property market in Noida will
be pumped up by projects initiated by new developers.
For instance, Godrej Properties
is targeting to launch about 14 projects and even more this
fiscal year and is also planning
to launch more projects. Therefore, if you are planning to
make an investment into Properties in Noida then the coming years can be fruitful for you
and your savings account. There
are regions in Noida and Noida Extension like Pari Chowk
and sector 82 and 83 that are
undergoing maintenance and revamping and in few days, you
will have the region one of the
choices.
3. Affordable Housing Schemes
& Projects
News is that you can have access
to some of the best affordable housing projects. There are
regions in Noida Extension, where
builders have stationed their residential projects, which
will be open for possession soon.
The residential complex will be offering homes at an
excellent cost; for instance,
Exotica Dreamville, which will offer 2 and 3 BHK apartments
with all amenities intact. There
are other projects in the pipeline as well that will be offering
homes and flats at a good rate.
The residential properties in Noida will see a major jump in
the coming times.
4. Commercial Hubs
Parts of Noida and Noida
Extension is experiencing a rise in the real estate activities;
especially the commercial
regions. Since, Noida and connecting regions are high on
industrialization thus; the
regions have managed to attract a lot of expatriates from
different Indian cities. This has
not just surged activities in residential segment but has also
given rise to realty activities
in the nearby commercial hubs. Both Noida and Noida
Extension has witnessed ripples
in the commercial real estate segments and this has in turn
affected the residential areas in
a positive way. If you consider choosing homes in any of
these regions then be assured
that malls and bazaars wouldn’t be away.
As of now the property market in
Noida is going through a rough patch with an overflowing
stock and properties that are
un-used. Anything in surplus is bad and thus, the scenario is
affecting the regions badly.
However, with recent relaxation in policies, Noida and Noida
Extension will soon see their
good old days and you may get surplus to invest in as well.
“Vineeta Tiwari is a keen writer
on Global Economy and Realty market. She has written articles on
Global realty market and ongoing
trends and tips for investors. An ardent reader, she is happy to pen
down research based write-ups for
global audience. Currently, she is professionally associated with
popular realty portal,
99acres.com.”
