Navyroof.com - Property in India and Indian real estate blog » Property in Noida

Noida extension flat buyers hold protest

Navyroof.com — Mon, 19 Dec 2011 13:01:49 +0000

Hundreds of Noida Extension flat buyers today held a protest rally demanding early approval of the construction projects from the National Capital Region Planning Board.

Though Allahabad High court has given relief by ordering hiked compensation and other benefits for farmers the clause of mandatory approval from NCRPB before start of construction activity in the area has been holding up the projects.

The rally started from Sector 15 Metro station and ended at Sector 16 Metro Station near Rajni Gandha underpass.

“The Flat Owners’ Association decided if their demands are not met before January 5, they will protest at NCRPB’s Lodhi Colony Office”, said Shweta Bharti, general secretary Noida Extension Flat Owners and Members Association (NEFOMA)

“Now, we will meet Rama Raman (CEO Greater Noida) again and find out what the authority has done since our last meeting about a month back”, said Bharti.

She said the Association is also planning ‘Jail Bharo’ agitation in January 2012.

Expressway to drive Noida real estate growth

Navyroof.com — Thu, 25 Aug 2011 14:31:36 +0000

Delhi real estate experts say that Noida-Greater Noida Expressway is going to see an unprecedented development spanning residential, commercial, as well as institutional sectors. This developing area is providing all the facilities to residents, well within their reach too, in social and commercial infrastructure.

Noida Developers Planning New Projects
Developers have already sniffed an opportunity here and are planning for residential and commercial projects. The recent Supreme Court verdict, which settled a dispute of allotment in 14 5-star hotel plots, has given a leg up to major developments on the expressway.

According to the apex court verdict, the Noida authority will now charge Rs 70,000 per sq metre (earlier it was Rs 700 per sq metre) for allotment.

Plans for international standard sports complex
The Noida authority has plans to develop an international standard sports complex along with other major projects in the area. A proposed multipurpose sports complex here will have an indoor stadium, an exclusive stadium for athletics, a football ground and cricket field, bowling alleys, among others. A world-class 18-hole golf course, spread over 180 acres, is being developed in Zone 3 of the expressway, in Sector 101.

Why should NRI’s invest in Noida property?

Navyroof.com — Wed, 23 Mar 2011 13:43:46 +0000

Navyroof.com asks Noida property consultants Alpha One property, what exactly the state of play is in the Noida property market and if this talk of a bubble is true? Why should NRI’s invest in property in Noida and what are the key points they should keep in mind.

Alpha One is a real estate consultancy based in Noida, headed by Prerna Agarwal with 17 years experience in Indian real estate.

Why do you think Noida is a good place to invest in real estate?
Noida is part of the national capital region of Delhi, where major construction activity is happening. An active participation of the local state government authorities and presence of major private developers has resulted in this region emerging as major centres of realty activity in Delhi NCR. A number of colleges, schools, hospitals, sports centres are under various stages of development in this area so this is all positive for propetry in Noida.

What are your thoughts on the prospect on an “Indian property bubble”?There is a lot of talk on an Indian property bubble. This has to be viewed in context of the overall economic situation in India and the local real estate pricing trends prevalent in a region. The Indian economy is booming with an annual GDP growth rate of 8.5- 9% creating a class of potential investors with significant disposable income. As housing remains a concern in major metro cities, sufficient demand generators for residential units are there for the next decade.

In metros like Mumbai, prices have escalated by 50-60-% and demand has slowed down. However, property in Noida / greater Noida, developmental activity has gained pace in the last 2-3 years and the weighted average prices are still in affordable range of Rs. 3400/- psf.

As Noida and Greater Noida real estate activity is highly planned by local authorities, this region is poised for tremendous growth because of the superior infrastructure being put in place. Klassic heights, being part of a planned township with all necessary amenities required by a potential resident , becomes a good option as it is attractively priced and well designed.

Why is Klassic Heights worth investing in ?
Klassic heights is part of a 1162 acres of Wish Town being developed by Jaypee on the Express way leading to Greater Noida. The township offers a premium lifestyle within a gated residential, self sustained community accompanied with a grand view of landscaped gardens. Two golf courses, five star hotel, shopping malls, hospitals , school, IT colleges etc form a part of the integrated development. The project offers 2/3/4 BHK options in sizes of 1200/ 1500 / 2250 sft configuration. The site is flanked on two sides by shopping / commercial centres and has 70% green area. 24 x 7 power and water supply, exclusive social club, underground car parking are some of the features of the project.

Klassic Heights presents a unique opportunity for lucrative returns as prevailing prices in immediate vicinity are much higher. Excavation has already started at site so early project delivery is ensured.

Where do you see Noida prices going in future?
A conservative estimate of an annualized 15-20% growth is a distinct possibility for real estate projects in Noida with a five year time horizon.

255 metre Residential Tower for Noida

Navyroof.com — Sat, 05 Mar 2011 20:08:05 +0000

Indian real estate firm Supertech today will invest Rs 600 crore to develop a 255 metre tall residential tower in Noida.

Tallest Indian real estate tower in North India
The company will offer a total of 1,326 housing units with prices of up to Rs 2.25 crore, that it claims will be the tallest Indian real estate tower in North India.

Rs 600 crore to develop
“The project, North Eye, will be the tallest in entire region with 60 floors and 255 metre height. We will invest Rs 600 crore to develop the project,” said theSupertech chairman.

Look ahead to 2011 Indian real estate market and Noida focus

Navyroof.com — Sat, 08 Jan 2011 02:20:55 +0000

Find out why the Noida Real estate market is hot and the key benefits oo investing in Noida homes and real estate. Also what will happen in 2011 with Indian real estate?

Why Invest in Noida Real Estate?

Navyroof.com — Thu, 22 Apr 2010 10:45:37 +0000

Navyroof.com looks at the reasons why investors are looking at investing in Noida real estate.

In short Noida, is a modern suburb district of Uttar Pradesh in India. The city came into existence in 1976 and was coined as a modern industrial city under the up Industrial Area Development Act, 1976. Being one of the largest industrial towns in Asia, the city has gained a lot of popularity in the last few years. Besides that, it is also emerging as a preferred IT, ITES destination in India.

Noida is an imminent residential township that already serves to a little more than five lakh people. This NCR town is one-stop destination for all those who are looking for a property in the form of big villas, flats, individual plots and stylish apartments. This is one township where almost forty percent of the total land available has been reserved for residential set ups complete with all the basic amenities, state-of-the-art infrastructure and other public facilities. Some other residential projects offered in the area include group housing projects of selected categories and groups, such as Army Welfare Housing Organization, Air Force and Naval Housing Board.

Other than that, Noida has become a hub for multinational firms, call centers and corporate offices who offer their services here. Considering the city is in the periphery of the national capital, many multinational and Indian companies have their Indian branch offices in Noida, because of the special economic zone and its nearness to Delhi.

Despite the slump witnessed in the realty market,a raft of problems with Indian developers, real estate in Noida is still a good option for purchasing or investing in residential and commercial property. Obviously depending on the property and Navyroof.com would stress that you do your homework on all aspects of the purchase. Noida is a relatively new township and is immensely preferred by working professionals who are employed in multinational companies in the NCR. Most of the townships, plots and apartments in Noida are built over a large plot thus, giving the entire city a luxurious and quality appeal, which is perfect for the youth.

One can find a number of well-developed residential flats, plots and bungalows available in the areas, which are up for sale in Noida. Apart from the residential demand, which predominant in the city, it is also one of the preferred areas for all those who are looking forward to establish their offices in the vicinity. There are also a number of commercial plots, offices which have been recently constructed and are now up for sale.

Since Noida has been coined as the new hub for the service industry, there are a number of property options for people who are searching property in Noida. They can check out the recently constructed plots and building spaces which make use of latest architecture, are comparatively fair-priced and are ideal for any kind of business purpose.

Noida property market has a lot to offer to all those who are looking to live on rent. One can easily find properties for rental purposes in both the residential and commercial sector. Most of the constructors and developers who have worked on new townships prefer to give up the properties on rent as a huge leap in the demand for well-furnished properties available for rent has been witnessed.

Infrastructure in Noida is improving with wide roads, stylish residential townships and shopping plazas that have attracted a very cosmopolitan culture. Construction of residential and commercial properties in Noida, Greater Noida and Indirapuram is moving at a fast pace. Various MNCs like Accenture and GE have purchased over a million sq.ft of area, and real estate consultant, Jones Lang LaSalle is expecting a further rise in rates when the international airport in Noida comes up.

Noida is one of those cities in India, which have been developed in a well-planned manner. The government of UP has initiated planned development of this township with improved infrastructure and superb connectivity via the DND expressway to Delhi, creating an up-market self-contained city. With the constant rise in population, the demand for better homes has risen considerably in North India. People have started moving to new and emerging townships which have been developed in a organized and planned manner. Noida offers residential and commercial platform to such people.