The Residential and Economic Booms in the Evolving NCR and Delhi

In the last few decades the leading metros of India have witnessed real estate boom. These urban centres evolved as the foci of economic dynamism in our country and thus presented enormous opportunities for growth and employment to the people. The cities such as Delhi, Mumbai and Bangalore among others saw continuous waves of in bound migrations. The demand for basic amenities to support the growing population base also intensified. While Mumbai evolved as Greater Mumbai, Delhi developed its own geographical extension in the form of NCR or ‘National Capital Region’. With the shooting up of demand, Delhi NCR real estate sector reflected exponential growth patterns and the property began to change hands at a much frequent pace!

The ‘urban sprawl’ of Delhi was omni directional and the expanses were driven towards the existing satellite towns in the neighbouring states of Haryana, Rajasthan and Uttar Pradesh. The rural hinterlands of Delhi were transformed into an urban landscape and thus generating ‘urban continuums’. The agrarian economic patterns gave way to more lucrative real estate deals from which the farmers benefited a lot reflecting one of the most prominent features of any urbanization story around the globe! Real estate companies in Delhi and elsewhere geared to garner the profiteering potentials of this region by launching new residential projects Noida.

Rise in Investment in Commercial Space in Noida

Many companies are coming up with new ventures and plans to be implemented in Noida. A number of Non-Resident Indians and other good investors are readily investing their money into the new real estate projects in Noida. The reason for such a keen interest shown by high profile investors can be attributed to the long term potential gains that this city promises to give in the future and the better comforts that will cater to the needs of the more discrete clients. There are already many good and highly facilitated malls in Noida and many more are in the process of construction.

Many business tycoons are also coming up with large investments to make in the real estate properties in the city. It is because of the large commercial space in Noida which is alluring these wealthy investors and other people to invest their hard earned money here. Since it is also a home of many national and international ITES, IT and BPO companies, the interest of large number of investors is going to increase even more. Furthermore, the issue of connectivity is also solved for properties located here due to the strong linkage through metro stations to many connected cities like Delhi, Ghaziabad, Gurgaon, etc.

Thus, it can be concluded that the city is transforming into a center of hot realty destination. It is a highly developed and advanced city. If you are planning to start a business or want to buy a flat in Noida then you do not need to think of any other place except this to get the best dealings and that too at affordable prices. It is a prospering business here and is trending towards enhancement and progress and is greatly reliable that it will not suffer any setbacks.

Residential Property Trends in the Cyber City of Noida

Noida has seen a lot of development in the recent years and it has ideally turned to be an IT hub. Many schools, colleges and multi-national companies have developed their centers there.

The Culminating Economics and the Real Estate Boom in Noida

Noida has emerged as one of the most prominent urban centers of the National Capital Region. Noida – an acronym for ‘New Okhla Industrial Development Authority’ was established as a planned urban region and came into existence on 17 April 1976. This city is a part of district of Gautam Buddha Nagar in the state of UP. Noida led the urban expansion phenomenon along with similar cities like Gurgaon and Faridabad in Haryana and Alwar in Rajasthan.

 

In fact with the emergence of such economic hotspots, emerged the concept of ‘national capital region’. With lot of economic activities taking hold here, development of new real estate projects in Noida gained sharp momentum.

In the yester decades Delhi like most of the global capitals began experiencing the demographic over load as a consequence of convergence and differentiation of economic activities here. Economic activities have always been one of the prime factors which determine the manifestations of human settlements.

Noida reflects that same equation! It evolved as a promising ‘counter magnet’ for the booming and over flowing economy of NCT of Delhi. It provided the much needed space to relieve the congestion of Delhi at a very opportune time. With the shooting of property prices in Delhi its human resource particularly those who had economic interests closely interwoven with Delhi began moving out for relatively cheaper options.

Noida received a potent pull as regards its land resources since the same was now targeted for real estate developments and expansions. Real estate companies in Noida were active enough in the last few decades to act as vital ‘earth machines’ to transform the landscape here. The hither to rural appearance of Noida was fast emerging into an urban center.

AMR Brings New Residential Flats and Residential Property in Greater Noida

Flats in greater Noida are the most favoured dwelling option among buyers. The main reasons being that all the migrants who have travelled to the city have small families hence; flats solve the purpose of residing. Secondly, the cheap rates of the flats either one bedroom or two bedrooms go well according to their budget. The easy access of the metro, linking roads and offices in the locality has added advantage. Moreover, flats are considered to be more safe then living in a large bungalow due to the even increasing crime rate.

Further it can be seen that office space in greater Noida has been high in demand by organisations. The proximity to the metropolitan city, good network of roads and flyovers has been some attractive features which have attracted buyers. The developers have been seen to have created both large and small office spaces as per the latest architectural designs which have been appealing factor. Further, using the environmental safe technology in developing office spaces yet at cheaper rates has made the building firms quite popular choice among buyers.

It has been observed that increasing demands of residential property in greater Noida as all together seen been profitable for investors. Begin a planned city it has seen large NRI population which is looking for opportunity to invest the capital. Fast delivery time in terms of possession has added advantage at the major highlight factor of the demand. At the end, it can be just said the altogether the city is experiencing a positive developmental growth and is favourable place for all.

Investing in a Peaceful Abode Surrounded by best facilities near a Metropolitan City

The pouring of numerous information technology industries in the city of Delhi and nearby areas has created more job opportunities for masses. The market of residential property in Noida has seen a large boom and demand by the buyers. The main reason for large businessmen to create new spaces in the nearby areas is because of the cheap rate of land rates as well as the seekers for properties. The increase population has created an added opportunity for commercial development opportunities for builders.

Further the abundance of jobs and those too at large pay scales have made individuals look for luxuries dwellings hence, the development of luxury apartments in the city. The stable and ever increasing demands for residential place have provided investors with large profits. Unitech, Eldeco, Assotech and Gaur are some top-notch builders have created a niche in the category of both residential and commercial building. The prime concentration of population in terms of housing communities can be seen in sectors of 14,15,27,28 and 37.

Commercial market in terms of malls in Noida have seen interest if both developers and customers. The large population prefers visiting malls and retail markets for basic utilities as well as enjoying a day out on weekends. Centre stage mall, spice mall, Sopprix mall, Shipra mall are some of the many names which are in the city seeing large population of masses both from nearby areas. The renting opportunities in the malls have been observed to have been beneficial for traders as well as the mall owners.