Noida Becoming The Biggest Residential Market in India

A new study by Knight Frank India gave an announcement that, almost eighty six thousand real estate property in Noida entered the market within the 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 property in Noida than premium projects throughout this era.

Nearly 40% of Noida Real Estate properties were launched in the Rs 25-50 Lakh ticket sizes. As of March 2012, nearly Five Lakh residential units were under varied stages of construction in the Noida real estate property market. The opportunity levels have refined and stand at 36% in this quarter four of FY 2011-12, compared to 40% in quarter two of FY 2011-12. Knight Frank India's report declared that the market shows a positive outlook, as Noida properties for sales have picked up in Quarter Four of economic Year 2011-12.

Market appreciation Mr. Samarjit Singh, Managing Director of India Homes, declared that the rates of Real Estate property Noida and additionally the Delhi were on a mild upward rise till 2008, showing an increase of 25 %, but fell sharply throughout the world lag that affected the realty sector. They have shown the upper trend since mid-2009 and there has been a seamless increase in property prices with prices flourishing by 50% since year 2007. Another report says that the NCR will have an entire proposal of Eleven Lakh residential projects, 249 Lakh sq ft for office space and 66.6 Lakh are for retail areas by 2013. With surging demand in real estate property in Noida, retail, office space and hospitality sectors. Gurgaon is on the prime demand chart. Forthcoming world class residential projects, proximity and striking connectivity to Delhi are few factors driving these figures.

Developers like Ajnara Group, Amrapali, IREO, Ansal Group, Unitech, Jaypee Groups, 3C, Orris Infrastructure, Prateek Group are among others, have already a good presence in the Noida real esate property market here.

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