Housing rebate benefits few
Noida housing has got costlier than before. Even the additional rebate on interest of loans up till Rs 25 lakh for first-time homebuyers will not boost up the real estate market in Noida . Although the value of the land still remains high and demand also increasing day by day. So investing will add a great value for those investing in regions where properties are cheaper.
The price range of the houses available in pockets of Greater Noida and Yamuna Expressway lies between Rs Rs 30-35 lakh. According to the CREDAI few parts of Greater Noida or along the Yamuna Expressway can be a favourable destination for homebuyers to avail benefits under this rebate. This will be a beneficial investment for any investors in the Tier II cities also.
One of the developer have commented that real estate sector right now may be floating as the tax proposal against property transaction in a low demand market. Also with the increasing excise duty in the materials have also affected the input cost of the real estate market industry and also makes properties costlier.
Although the buyers want to wave off the threshold of investment and also accepts that they are more keen to invest in NCR region due to good future returns.
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