Real Estate Market is Growing at a Fast Speed in Indian Market
Developers in India are buying parcels of property in large amounts for construction of residential subdivisions. A study of trends in the commercial property market in India reveals a similar pattern of growth rates and a closer look at the rates necessary to get the best of the property. Commercial in India are also rising, with its booming construction. Department stores, shops, large corporate offices, movie theaters, amusement and recreational parks and others are in the investment of real estate developers in India.
A large number of properties are for sale in India, luxury apartments, premium apartments, independent houses, villas, penthouses, row houses - are some of the projects that are selling like hotcakes in the sector residential real estate in India. Property developer in India especially in metropolitan cities are escalating their vision and venture in Tier II cities like Pune, Surat, Coimbatore, Cochin, Noida in UP and Vadodara.
With its metro extensions, expressways, roads and wider availability of the parcels, Greater Noida promises to be the emerging residential destination National Capital Region (NCR). About 26.5 million square feet of housing supply is expected to arise in Greater Noida in 2009-10 and bring you new property in Noida.
The Taj Expressway, now open to traffic, has brought greater end-user demand for housing. After rising steadily for three years from 2003 to mid-2006, the largest property market is stable now Noida. The days when prices doubled every year have been. The prices are quite high and investors, many of them have made substantial progress, the output target. Another reason is that rates have gone up property too high; investors are directed to other cheaper destinations, such as Nahar Paar area of Faridabad.
The Greater Noida Authority is the modernization of civic facilities and other infrastructure facilities. Both projects expected Jewar International Airport and 160 km long Noida-Agra Taj Expressway will help in the rapid growth of Greater Noida.
Level of employment in high-housing projects in Greater Noida range recorded around 20-30%, for HNIs (High Networth Individuals) who procure property in Greater Noida is only for investment reasons. In addition, due to lack of basic civic services, the end-user segment is not ready to change in these projects. One of the most important factors responsible for the low occupancy in many sectors of Greater Noida is the lack of public transport. Presently, only those who can meet the expense of private vehicles live in Greater Noida.
Most builders are developing quality projects residential and commercial area in anticipation of the Noida-Greater Noida emerging as a center for IT-ITES. These real estate projects in Noida and Greater Noida are aimed at senior executives of the IT-ITES industry. However, in terms of long-term prospects of Greater Noida is concerned, the city is well planned and provides clean air and a lot of green areas.
Ritikadeshmukh - About Author:
Ritika Deshmukh helps people here to find out residential property Noida as per their need. Ritika Deshmukh deals with civitech.in ;who has many apartment for sale in Noida at low price.
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