| |
Finance > Real Estate > Investment in Noida-a Worthwhile Option
0
Reviews [ add review ],
Article rating : 0.00, 0 votes. Author : George Gonigal
With more and more investments pouring in for the IT & ITeS sector, the demand for residential properties in Noida is rising. The investments are largely coming from Delhi and other parts of NCR region.
Noida has an exceptional demand for residential units, besides, considerable demand for commercial and retail properties. The prime residential areas in NOIDA are Sector 14, 15, 27, 28, 29 and 37. Most of the buyers are buying residential properties as a second home or for investment purpose.
Prices for residential properties in Noida have stabilized but some sectors show a visible fall in prices. According to researches, there has been a decline in plot capital values in the last few months to around 20-40% across most sectors like, 11, 12, 19, 20 and 22. The loan conditions are tough so the properties are not much appreciating. However prime sectors such as Sector 14A and 15A continues to command high plot values at Rs 74,000-1, 60,000/sq yard.
The demand for single floors has gone down, because apartments are more preferred as they are relatively safe and secure as well as offers better infrastructure and other facilities like power back ups, maintenance, etc, reveals Mohit Jain, Noida Real Estate Agent.
Moreover, as the market is going slow nowadays, this can be the best time to invest in. Expressway and surrounding areas are the most sought after locations for investment purpose in Noida. Industry expert believes that, within 1-2 years there is going to be tremendous improvement in the infrastructure there. Expected Foreign Direct Investment of 30,000 crores in the coming years is going to be the icing on cake.
Article reviews
Post your review
[ Note : no HTML/URLs - will removed automatically ]
More articles from Finance > Real Estate
|
