A new study by Knight Frank About Property in Noida

A new study by Knight Frank India gave a statement that, just about 86 thousand residential property in Noida entered the market in the fiscal year of 2011-12 . Developers and promoters were able to gauge the heartbeat of the market and launched more cost-effective and mid-segment residential projects in Noida than premium projects throughout this era.

Nearly fourty percent of the residential Property in Noida were launched in the Rs 25-50 Lakh price ticket sizes. As of March 2012, nearly 5 Lakh residential units were under varied stages of construction in the Noida real estate market. The vacancy levels have improved and stand at thirty six percent in Q4 of FY 2011-12, compared to fourty percent in Q2 of FY 2011-12. Knight Frank India's report stated that the market shows a positive outlook, as sales have picked up in Quarter 4 of Financial Year 2011-12 .

Market appreciation The Managing Director of India Homes, Mr. Samarjit Singh, stated that the rates of Real Estate in Noida and also the Delhi were on a gentle upward rise until 2008, showing a rise of twenty five percent, however fell sharply throughout the global lag that affected the real estate sector. They have shown the higher trend since mid-2009 and there has been a continuing increase in property costs with costs growing by fifty percent since year 2007.

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