Noida real estate trends in 2013
Noida has been in the spotlight due to its drastic and sudden improvement in the residential and commercial real estate area. Billboards and newspaper advertisements has driven the interest of many buyers from Delhi-NCR region.
A real estate broker said that Yamuna expressway and the surrounding areas are the best to invest currently. He said he would go for Lotus Boulevard in the area, which is offering a 2BHK in a price range of Rs. 72 lakh, with an area between 1000 to 1007 sq ft.Even few other realtors voted for Yamuna Expressway as the best choice for investment. The buyers should survey the residential areas in Sector 74-79. It has lot of options for the mid-income buyers.
In Sector 74-79area, 2BHK apartments are available in the range of Rs. 4500 to Rs. 5550 per sq ft. The broker says his vote goes to Jaypee, as the best real estate developer. Although the builder delay delivering the product but undoubtedly, delivers the quality product to end users.
Silver Brick Realty thinks specifically Sector 110, 100, 168, 137 areas of Yamuna Expressway are counted to be the most probable place for growth. It is expected that the price graph will march upward in the near future.
Urbtech India Developers (P) Ltd broker has said that Taj Economic Zone and the proposed Export Promotion zones will boost the economic growth in the area. Lesser travel time and easy accessibility in the region will speed up the development of the surrounding areas of Expressway, for commercial, industrial, institutional entertainment and residential purposes.
New Okhla Industrial Development Authority area can become a potential residential and industrial investment hub in the near future, said Rajesh Singh of Sumangalam Propmart Pvt. Ltd.
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