Articles
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Noida: One-Stop Destination for Property
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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 the best residential and commercial platform to such people.
NOIDA stands for New Okhla Industrial Development Authority is one of the famous and biggest cities in Delhi/NCR. It is the modern and most developed district of Uttar Pradesh. Noida became famous in last few years. The city is continuously changing its structure and emerging as a developed city in National Capital Region
Noida properties serve as an excellent alternative for people who are working in Delhi and are looking for an affordable house or apartment. As Delhi property rate is touching sky and is beyond of many individuals income, Noida real estate market can fix well into their budget.
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Commercial
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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.
India emerging as the IT capital of the world with Noida as its main operational centre has led to the rise in demand for commercial property for office space in Noida.
With the coming of newer IT complexes, malls and multiplexes, Noida is witnessing unprecedented growth in the commercial arena. There are many companies which at first used to operate in the metropolitan regions but are now spreading more in the periphery region. Due to its proximity to the National Capital, Noida attracts many corporate to invest in its commercial space.
According to a report, the resale rate of property in Noida (both offices and retail outlets) ranges from Rs 2,500 to 18,000 Sq. ft and the rental values range from Rs 75 to Rest 300 per Sq ft (rates may vary from sector to sector and according to the market situation).
As per a research, the capital rates for Grade A building or premium commercial property in Noida varies from Rs. 8,000 to 17,000 per sq ft. and rental value varies from Rs. 80 to 150 per sq ft (rates may vary as per different sector). Property values for Grade B buildings, like JOP place (Sec-18), Ansal Fortune Arcade, commercial plazas and all local offices, etc vary from 8,000 to 15,000 per sq ft for purchase and 80 to 120 per sq ft for rent. However, there is considerable variation in prices in Noida real estate depending upon the floor, location profile and availability.
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Residential
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Taking decision to purchase Noida property could be a good decision for any individual. Its infrastructure always attracts the people to stay here. With 4-way connectivity to Delhi via DND flyway, Ghazipur, Nizamuddin and Sarita Vihar through ITO, Noida tops the popularity polls, ahead of other NCR areas i.e. Faridabad, Ghaziabad and Gurgaon. Noida is specially preferred by the working IT professionals who are working in MNCs situated at Noida. This city also contains lots of good Bungalows available for sale and residential flats on rent. One can also establish his office by selecting a nice area which will be best suited for his business.
After a bad year for the property market sales for affordable houses finally seem to be picking up in Delhi-NCR and right pricing and location seems to be doing the trick. Two housing projects in Delhi-NCR have been fully booked within days of launch. According to data available, 3300 flats in Jaypee Greens new project ‘Aman’ on Noida-Greater Noida expressway were booked on day 1.
A brief idea of the property rates and rental trend can be taken from the following:
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Sectors
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Apartment 2 BHK (Rs/month) June'09
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11 - 15 A
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8000-50000
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17 - 23
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9000-13000
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26 - 33
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9500-15000
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34 - 40
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10000-25000
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Noida boasts a huge demand for residential house, in addition to massive Commercial space on rent or sale.
With the announcement of first e-home concept called Gardenia E-Homes at Greater Noida by Real Estate developer Design Arch, attempts are made to develop the city keeping minimum pollution level in mind. The project will focus on energy saving, water saving, better indoor air quality and hygienic conditions.
With the constant rise in population, the demand for better homes has risen considerably in North India. With most of the major cities becoming extremely populated, people have started moving to new and emerging townships which are organized and planned in a much better manner by making use of the latest architectural designs and techniques. One such emerging township is Noida which is situated in NCR and is a preferred destination among people who are looking forward to buy a house in Noida.
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.
www.allsaledeals.com is a property portal site where you can find Noida residential property for sale, buy sell residential bungalow noida, commercial properties for sale.
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