Looking At Noida As A Real Estate Investment Hub

The real estate sector is one of the top sectors and industry segments in the country. This is mainly because of the fact that housing and real estate symbolize one of the pillars of the economy. The Indian economy has always been propped up by growth in the real estate market down the ages. Alongside, with the economy presently in shambles, the resurgence of the real estate business can revitalize it and nurture it back to its previous health. Why resurgence, you may wonder. Indeed, the real estate market does not always reflect its true colors. The year 2013 has been a dismal one for the real estate sector in general. The year has played havoc with the fortunes of developers, real estate companies and conglomerates.

All of a sudden, this business sector has been placed in a very delicate position. The government has also not done its bit for the sector. Now, with the Indian elections in place, pending approvals and other legislative measures are set to take a backseat. Developers are keenly awaiting the results of the elections. The formation of a stable government at the center is something that most real estate companies are hoping for as it will boost the current health of the sector. Alongside, realtors have no choice but to comply with current market regulations. What exactly is ailing the real estate sector in India? This mainly pertains to a sudden drop in demand owing to unaffordable prices that have skyrocketed in recent times.

This is a trend that has been observed across most metro cities. Developers have little to do in this regard owing to the high prices of land acquisition. This automatically keeps prices at unaffordable levels and this has brought down overall demand from the masses. Unsold inventory is something that is common to most developers nowadays and this is piling up at a frightening rate. Alongside, the impending land acquisition act should raise prices further and bring about major complexities for real estate companies and developers in the bargain. However, real estate still remains one of the most aspirational sectors in terms of investments for buyers and mainstream investors. Price appreciation is something that has remained steady in spite of a drop in demand.

Many areas situated on the outskirts of main metro cities have seen sudden appreciation of prices. This has happened majorly in the NCR and Delhi region and average individuals have been left with little choice with regard to owning a home in this area. However, Noida has emerged as a viable investment destination owing to competitive pricing by developers. Noida still heralds a promise of providing affordable housing options for both investors and end users. All localities in Noida are developing at a staggering pace and there are a slew of projects designed to woo all kinds of buyers to the area. There are now multiple avenues for prospective buyers. There are multiple housing projects that are being announced courtesy major real estate companies and reputed developers and builders. There are already multiple projects under construction and the plethora of available residential spaces has quickly catapulted Noida into an attractive destination for real estate investments.

Why Noida? This is because investing in the area can still be affordable provided you play your cards right. Alongside, the area and ongoing projects offer the best infrastructural facilities and other amenities which enhance the value of any investment and thereby yield top notch returns on investments. Land in this area still holds immense potential and multiple projects have been announced one after the other. Residential accommodation can still be had within a price range of INR 6.5 to INR 8 lakhs in the area along with up market residential enclaves that are priced much higher. The sheer variety on offer is hard to resist for investors. Alongside, prices are soaring on the back of heightened demand. The latter has been brought about by the infrastructural development of the region.

This trend has now spilled onto Expressway and Greater Noida areas which are close by and multiple housing projects are being started right off the Expressway itself. The market should be swamped with a wide range of housing options. There is literally something for everyone in this case. Middle class buyers are delighted to say the least and seasoned real estate investors are finding a solid market for fabulous returns too. The authorities have demonstrated fabulous town planning and infrastructural support in the case of Noida which gives it a locational advantage of sorts.

Development has been top class and Noida Real Estate now possesses everything desired by an individual including healthcare facilities, educational institutions, road and metro connectivity, fabulous public infrastructure, good ambience, transportation networks, recreation and entertainment hubs and so on. These are major factors propelling even greater real estate development in the area. However, there are some concerns held by investors with regard to the Greater Noida, Greater Noida West, proper Noida and Expressway areas. These pertain to the long winded commute that is still a bit of a problem.

However, metro connectivity is possible and this has considerably shortened distances from the main city. Alongside, there are now multiple road connectivity options. Remote areas in these places are now accessible through public and private transportation options and are no longer far away from the city center. Alongside, planning was another area of concern which is no longer valid. The entire area is one of the best planned locations in the entire country courtesy the hard work of the authorities. This is witnessed through the fabulous segregation and division of residential and commercial complexes and other centers. Saturation should not be impacting Noida and this is witnessed through the soaring prices in recent times. The prices may seem a little too high at times.

However, they are still lower than compared to Gurgaon and other areas which make them affordable options for a wide range of buyers. Noida can be a fabulous investment destination at this time before prices reach unaffordable heights!