Friday, 16 November 2012

Greater Noida - The Booming City for Swinging Demand of Residential Properties

Due to the launch of Yamuna Expressway and clearance of Noida Extension Projects, the real estate in Greater Noida are seen to have highly flourishing. The capital values of commercial property have almost been doubled in the past 2-3 years and are still appreciating. The residential property in Greater Noida in terms of both residential and commercial segments has been increased by an average of 12-15%. Enormous number of developers have been seen to be launching number of successful projects in Greater Noida.


Omaxe Limited has successfully launched its upcoming projects ‘Omaxe Connaught Place’ in Greater Noida and is known to be the Asia’s biggest commercial business centre. Other Greater Noida property includes Ecotech Cosmic Corporate Park, Knowledge Park etc. These projects have made the city an upcoming commercial destination. The capital values of office space varies from Rs 4,000 to 8,000 per sq ft.

The Real Estate in Greater Noida project which is located along the Noida-Greater Noida Expressway are integrated townships thereby offering golf courses in their developments along with their world class features. This Residential property in Greater Noida offers a resort like environment being designed with golfing fairways, pedestrian paths, energy efficient educational,  tree-lined streets, site-lighting, medical centres and green-planted swales along the streets, golf-themed townships etc.

The Master Plan-2031 of Noida allocates shows that over 40 sectors along the expressway have been divided into four major zones where 24.5 and 3.5km of the expressway falls under Greater Noida and the rest in Noida. Although all the projects over here involve high investment, targeting  middle-class and limited-budget buyers and hence are developed in a 3-5km stretch along the expressway. It is well known that if you have a good real estate agent with you, you can surely find out a home that fits your budget and offers you excellent returns. hence, it is the pergect time to invest in the Greater Noida property.

On the Yamuna Expressway, Jaypee Group has laid major benchmark for the launch of the Residential Property in Greater Noida.



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24 comments:

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