Noida Real Estate Sector Optimistic and All Set to Grow by Flagging Approvals on Metro Expansion Link Projects & Construction Industry's Relaxed FDI Norms by the New Indian Government
NOIDA or NEW OKHLA INDUSTRIAL DEVELOPMENT AUTHORITY
was constituted in 1976 under the U.P
Industrial Area Development Act. It comes under the GAUTAM BUDDH NAGAR DISTRICT and
UTTAR PRADESH STATE. Today it’s a major industrial entity in the NCR (National Capital Region) and
considered as one of the most integrated Modern & Developing city in India.
In fact it’s one of the largest Planned Industrial Township in the whole of Asia. It’s regarded as an Vital & Landmark Destination for Multinationals,
Institutions, Export & Software Entities. It’s also considered as the
production and outsourcing hub and its close proximity to the Capital (10 kms) and 14 Kms from Cannaught Place
adds to its relevance as a strategic focal point of connectivity. Noida is well
connected to Delhi, Faridabad, Ghaziabad, Gurgaon, Baghpat, Meerut, Mathura and
Agra through its Ultra Modern Network of Roads, National Highways, DND
& Greater Noida Expressway, Flyovers and the Metro Train. The city is spread across 20,316 Hectares and is situated on the banks of Yamuna River.
The places of Interest & Attraction in Noida include the MAHAMAYA (AMBEDKAR) PARK & FLYOVER, OKHLA BIRD SANCTUARY, NOIDA & GREATER NOIDA
EXPRESSWAY, FORMULA 1 TRACK, NSEZ, ISKON & KALIBARI TEMPLE, WORLDS OF
WONDER, SHOPPING MALLS LIKE TGIP, CENTER STAGE, SAB, SHOPPRIX, SPICE, SOFTWARE
TECHNOLOGY PARK, GOLF COURSE, NOIDA STADIUM AND FILM CITY ETC.
The leading MNC's
and Institutions who have set base here are HCL, WIPRO, ERICSSON, ADOBE, KEANE,
NOKIA, TCS, TECH MAHINDRA, XANSA, STERIA, DELL, ALSTOM, BAYER, HONDA, YAMAHA, MOSER
BAER,ASIAN PAINTS, DENSO, PHILIPS, VIDEOCON, SAMTEL, INDIA TODAY, T-SERIES, INDIA T.V, ZEE T.V, SAHARA, NDTV, NETWORK18, CANON, CSC, FUJITSU, IBM, BIRLASOFT, AMITY, JAYPEE, TATA, BHEL, NTPC and
GAIL ETC.
Since the
transportation system in Noida is well developed and connected, visiting these
places is not difficult. Noida offers a highly supportive Industrial & Pollution free environment with
elevated standard of living with its unique infrastructure providing numerous,
matchless facilities. Today it stands as an enviable monument concept of Integrated Industrial Township in the world with smooth and wide roads, well
developed land, safe and clean drinking water, regular power supply, consistent
telephony, splendid residential complexes in the serene and peaceful environment
with greenery all around. Its Arterial
Roads, Highways, Expressways, Bridges, Flyovers, Underpasses, Multi Level
parking and Elevated Corridors enhance the connectivity to a Modern Day Marvel. Noida is the industrial
fairy land of the nation and perfectly symbolizes perfect gelling harmony
between industrial enterprises, natural entities and human community habitat.
Today there is a Ardent need for a perfect place
to live and work in harmony, be it a House, Office or Industry and Noida caters
to all with amazing matching solutions in real estate while Buying, Selling, Renting land, Building and Housing. The leading Builder Groups in the
region with Attractive Real Estate Investment & Green Housing Projects are JAYPEE,
GAUR, WAVE, DLF, UNITECH , SUPERTECH, AMRAPALI, ATS, ELDECO, ASSOCTECH, EMMAR, PRATEEK,
LOTUS, SIKKA, AJMERA, PREMIA, SAVIOUR, BRYS, GALAXY, MORPHEUS, AJNARA, CYRUS, ADITYA,
PRATEEK, GARDENIA AND GALAXY ETC.
With the government propagating “Housing for All by 2022” and matching
it with suitable related relaxed norms & regulations in the FDI CONSTRUCTION SECTOR like reductions
in the minimum built up area from 50,000
sq. meters to 20,000 sq. meters for
100% FDI in the construction of
projects under automatic route and reduction of minimum investment capital for
a project to qualify as 100 % FDI to
the tune of 50 % from 10 Million $ to 5 Million $. The other notable relaxations include waiving off all
requirement norms for 100% FDI, if affordable
homes constructed by the builder or developer cover 30% of the projected area. These regulations will not only boost the
realty sector but will double the inflow of FDI, resulting in mushrooming of Hotels, Real Estate commercials, Housing
and Townships. The attractions here being size of the huge population, increased
urbanization and increased earnings. Noida being closest to Delhi and at the
threshold of development and expansion will be most benefitted with these
developments.
The Fast
Tracking Initiatives by Central
and State Governments of the Two Proposed
Metro Link Projects on Delhi, Noida &
Greater Noida Routes have evoked tremendous response and encouragement among
the local investors & buyers. A loop
extension of 16.5 km is being
proposed & planned merging the Delhi
Line (Blue) to Noida & Greater Noida hot spots including extension from Noida City Centre to Gaur City Square-Greater Noida West (15 km) and further to Bokadi Village & Pari Chowk (Greater Noida) and Sectors
covering 147, 143, 85, 101, 50 and
the Kalindi Bird Sanctuary near
banks of Yamuna. With the Government already Approving and Signing MOU’s for
the Three New Metro Routes namely Kalindi Kunj to Botanical Garden, Noida City
Centre to Sector 62, and Noida City Centre to Greater Noida, the
Adrenaline Rush towards Infrastructure Boom & Realty Investment
Race has already begun.
INDEX OF AVERAGE LIVING REALTY PRICES
IN & AROUND NOIDA
LOCALITY
IN
& AROUND NOIDA
|
CAPITAL
VALUE (Rs /Sq.
feet)
|
SECTOR-1
|
2950-3750
|
SECTOR-21
|
7000-8200
|
SECTOR-25
|
7050-8550
|
SECTOR-28
|
9200-11000
|
SECTOR-29
|
7450-8800
|
SECTOR-32
|
7650-8750
|
SECTOR-34
|
7150-8400
|
SECTOR-37
|
6750-8650
|
SECTOR-44
|
9700-13450
|
SECTOR-45
|
5800-6700
|
SECTOR-46
|
5050-5400
|
SECTOR-49
|
3450-4350
|
SECTOR-50
|
7050-8700
|
SECTOR-51
|
6800-8250
|
SECTOR-52
|
6950-7900
|
SECTOR-61
|
7050-8250
|
SECTOR-62
|
5800-7250
|
SECTOR-70
|
5100-6000
|
SECTOR-71
|
5850-7250
|
SECTOR-72
|
2900-3500
|
SECTOR-73
|
2400-3250
|
SECTOR-82
|
5000-5500
|
SECTOR-92
|
5500-6000
|
SECTOR-93A
|
7000-7500
|
SECTOR-93B
|
7300-7700
|
SECTOR-100
|
5700-6200
|
NOIDA
EXTENSION
|
2900-4000
|
NOIDA-GR
NOIDA EXPRESSWAY
|
4400-5500
|
JAPEE GREENS
|
6000-7000
|
PARI
CHOWK
|
3500-4000
|
ALPHA-1 GR
NOIDA
|
4000-4500
|
ALPHA-2
GR NOIDA
|
3900-4200
|
BETA-2 GR
NOIDA
|
3300-3700
|
GAMA-2
GR NOIDA
|
4000-4400
|
KASNA
|
2300-2700
|
DADRI
|
3000-3500
|
YAMUNA
EXPRESSWAY
|
2500-3000
|
TAJ
EXPRESSWAY
|
3000-3500
|
Among the Hottest Real Estate Investment & Housing Destinations in India today is Delhi – NCR’s Noida Extension or Greater Noida West (10 km from Noida
City Center) and the New Township is expected to positively Grow and Give around 100-120 % appreciation
in another 3-4 yrs, also the Yamuna Expressway projects are good
viable investing options. The Best
Options for Investments in Noida Extension (G.Noida West) are Projects
by Gaur (Gaur City 1& 2), Mahagun, Galaxy, Radicon-Vedantam, Saviour, Super Tech, BRYS, Amrapali etc.
We at Visions
Ahead have Welcomed the Proposed Initiatives by the Government and have Reposed Faith in the New Developments in Noida by Investing in a Commercial
Space this Diwali at Noida Extension (GR. Noida -West).
May you all feel be Free & Timely Wise at your Own
Investment Decisions.
Please
Feel Free to Contact us for any Further Queries, We will be there to Humbly Oblige.
www.visionsahead.com
The
Blogger is a Realty Consultant (Visions Ahead) at Noida Projects.
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