Thursday, 9 May 2013

House Hunting Trend: Living in Noida

Noida-Greater Noida Expressway continues attract investors to invest in the new residential property in Noida due to the infrastructure and good connectivity of the area.

Demand for new residential property in Noida, which further connects to the 165km-long Yamuna Expressway, is increasing at a tremendous pace.

The main advantage of living along this passage is the quick access to Noida and Delhi through one side and to Greater Noida through the other.

Most of the developers are launching or have launched large housing and township projects on this stretch, which is a very good opportunity.

Professionals are seeking out Noida Expressway as a good destination for investment purpose, as the area is giving back good returns, according to experts of the industry.

The Noida authority has various plans for infrastructural development on this stretch, which will further enhance the appeal of the place for end users and investors.

According to the new master plan, the recently approved Metro alignment will be developed to link Noida with Greater Noida, and later on with Yamuna Expressway. The line begins from Sector 32 and caters to residential sectors lying along the expressway.

The Noida authority has a plan to build a 3.9km Metro line between KalindiKunj and the Botanical Garden crossing through Noida Expressway. An additional 6.6km line is planned from Sector 32 to Sector 62. The authorities are also making arrangements to provide Ganga water to the residents of this area. Plans for infrastructure development here include a road network of over 20km, a 126MW captive power generator, and sewage treatment plants with a total capacity of 30,000 kilolitres per day.

According to the new master plan, 70% of the total area along the Noida and Yamuna Expressways will be kept for green spaces.

Go Commercial Go Noida

 Investment in commercial property in Noida is definitely a good deal.

Before you look for investment in commercial property in Noida, you  should know the background of Noida. It is very important to understand the history of Noida before invest in the commercial property there.

Noida stands for ‘New Okhla Industrial Development Authority’, is a city in India under the management of the New Okhla Industrial Development Authority (also called NOIDA). Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It is also the location of the Noida Film City. The film city can be added to the points of commercial attraction in Noida.

Noida stands at 17th place when it comes to cleanliness of a city in India, this has attracted many to invest in the commercial property there. Noida is a major hub for the multinational firms outsourcing IT services. Many other companies have their Indian branch offices in Noida, because of many factors, including its Special Economic Zone status, its suburban atmosphere and its proximity to Delhi. Noida also hosts the head office of the Software Technology Park, which was established by the Government of India to promote the software industry. There are a number of options if you are looking for investment in commercial property in Noida.

Noida is a major hub of industry. Noida has quickly emerged as a hub for automobile ancillary units. Development in industry, commerce and trade have led Noida to be a model city in UP. It is a major revenue earner for the government through taxes. The Noida model is now being replicated across various cities in UP, with a proactive development agency working to achieve high growth rates for business, industry and commercial ventures.

Noida is a hub for shopping malls, arcades, hotels and entertainment resources. The demand for commercial shops and office spaces has shown a tremendous rise in Noida.  Even the office rents have started increasing at a greater rate. Noida is a good option when it comes to investment in commercial property in Noida.

As the growing demand in Noida has increasing rental values, the locality has experienced of an average increase of more than 20% rental values of office units during the second half of 2012.
If you seek for investment in commercial property in Noida, for instance to buy a shop space in Noida, the best idea would be to look for the most known places in Noida that attracts more foot fall.

The Merits of Investment in Real Estate in Noida

Owning property isn’t always easy, but there are plenty of perks.

 Buying real estate in Noida is about more than just finding a place to call home. Investing in real estate has become tremendously popular over the last fifty years and has become a common investment vehicle. The real estate market has plenty of opportunities for making big gains and we shall explore the benefits in details.

Investment in Noida real estate actually means to purchase property to achieve profits. The profits are comparatively more than other kinds of investment. It can be investing in condominiums, luxury apartments, commercial property, pre construction real estate and pre launched projects. The profits depend on the locations you choose.

 The advantages can be listed as:

 Appreciation: - The majority invests to gain profit on short term, long term basis. The long you invest for, the more the profit. In short, in real estate investment you always should be looking forward for good opportunities to invest.

 Rental income:-This is the cream for the ones who do investment in Real Estate. People who are looking for long term investment generally do not want to sell of their properties. They take the advantage of the situation to get an additional benefit out of it. The rent money acts to make the investors financially sound for further investments. In this scenario, the cost of the property also increases, plus you enjoy the periodical benefits of the rental.

 Location: - There is a section that likes or rather they look forward for investment in real estate at one of the most known locations with enormously expensive rates only of taking the advantage of the importance of the location. As in they would invest in Khan Market or Peddar Road than to invest in Shalimar Bagh or Sion.

Most Excellent Source of Investment: - Investment in Noida real estate is the best source of investment, if you are looking forward to invest in various sectors such as trading, manufacturing, education and obviously real estate. People with a vision usually prefer to go for investment in real estate as it is considered to be the safest of all the mentioned options. The benefits of investment in real estate will definitely get you more returns without much labour as compared to other sources.

Value Addition: - One of the important benefits of investment in real estate in Noida. If a person takes over an old property which can be a single or double storey and reconstruct it into a skyscraper, multi-storey building, he can earn limitless benefits of investment in real estate by selling the floors at extravagant prices.