Noida

Noida real estate is witnessing phenomenon growth in terms of construction and infrastructure. It is hard to find such well developed connected roads and surrounding green parks anywhere else in North India.

In Noida, properties are coming up in a big way, and prices are rising every month. The real estate market in this city is becoming a hot venue to invest and make big returns in shot span of time. It also offers an excellent housing facilities. Within 6 months to 2yrs, one can make a handsome return on investment, but it all depends on which type of real estate agent is involved.

Indian real estate is heading towards a major bull run and one can also observe that the recent stock market crash has not effected the prices of properties in Noida. The prices have little weaken but still one can be sure of the stability as their is no panic regarding sale of the properties.

Due to a record 300 acre land deal on the Noida and Greater Noida Express Way at Rs 1583 cr, property prices are on an upswing. The Noida authority has proposed to increase its circle rate the minimum rate at which the authority will charge stamp duty on transaction of a property.

Due to direct foreign investment in India, not only in stocks, software, companies, but a huge investment is being done in real estate and development. Noida is amongst the first cities to witness the effect of this plan. Rise in property prices is a clear indication of an increase in demand.

In Noida for the residential plots the revised circle rate is hiked from Rs 6,000 to Rs 10,000 per sq m in Alpha, Beta, Gamma and Swarn Nagari sectors. The new circle rate has been revised on the basis of total number of registration of documentation in last two years. This will help our clients to gain an insight to the real estate rate structure.

For the past few years the real estate industry is riding on the wave of favourable factors like easy availability of cheap loans, flexible repayment options and meteoric rise in incomes. This confluence has resulted in making property buying as a more affordable proposition.

If you are deciding to purchase a home or plot in Noida, you will be joining the ranks of hundreds of families and investors who realize that home or plot ownership offers a number of benefits including building equity, saving for the future, and creating an environment for the family. To own home or plot, hard-earned money goes into purchase. There well be an earn of equity and over a period of time, the total monetary value of the plot will increase.

The circle rate for residential plots has been hiked to Rs 15,000 to Rs 30,000 per sq m depending on the area. Before that, the circle rate was in the range of Rs 7,000 to Rs 22,000 per sq m.

In the case of flats, the circle rate has also been revised. Now it will vary from Rs 1,100 per sq ft to Rs 3,500 per sq ft. The new up coming areas like Sector 93 where premium flats have been constructed, the proposed rates would be Rs 3,500 sq ft. Some of the major areas where residential property is available are-