123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Real-Estate-and-Foreclosure >> View Article

Properties In Noida: Major Developments Are On Cards

By Author: Vinay Kumar
Total Articles: 55

It was only recently that a big real estate scam was unearthed; the land scam involved huge capital value and the non-production of legal documents by the developer. This is one of the other cheating cases that have plagued Noida City's real estate. A number of other Noida property scams have already been brought into light. The scenario indicates that there is a dire need to take stringent steps to bring the situation under control.


In order to keep a check on the activity of fraudulent property realty agents, a new law has been enacted. According to this new law, every dealer of properties in Noida shall require to get a license before starting his business in the city. Only after the valid registration online and getting license, he shall be able to initiate any real estate practice in the city. The law keeps importance as this will help the buyers from several unscrupulous practices adopted by these brokers. The bill is still to get the nod from Cabinet and legislative assembly. The licenses shall be issued by a local officer once he approves of the dealer's work. A number of grievances of the buyers shall get addressed by such an action.


Another important step taken by the authorities of Noida properties is the plan to reduce the circle rates for commercial and group housing projects. Such a step shall be taken in order to improve the the number of registrations, which dropped significantly when the circle rates were raised last year and the target revenue values could not be achieved. Out of the intended 1536 crore aimed revenue, only 1083 crore could be achieved. For grouping housing scheme, the buyers have to pay an extra 5% for the facilities they get.


The rates of Noida property are expected to see a further drop-down in light of the new developmental land created in Delhi. An aggregate of 70,000 acre land has been created for residential and commercial constructions. The land has been acquired by the Delhi Development Authority(DDA) from owners/farmers, who shall get 40-60% of the developed land in return. With almost 200 villages been identified by DDA for future construction, the predilection of buyers' in Delhi NCR is expected to get diverted from Noida and Gurgaon, at least for sometime.


In the nutshell, one can say that Noida realty market is all set to see a good scale down in prices, in the coming future.


Makaan.com is a property site that features 2, 3, 4 BHK properties in Noida. Make a search for Noida property across cheap, budget, and luxury price brackets.

Total Views: 63Word Count: 434See All articles From Author

Real Estate and Foreclosure Articles

1. Personalised Luxury Apartments With Well-endowed Amenities For A Beautiful Life In Pune
Author: Siya Sharma

2. Citrus Belmont | G+1, 2 And 3 Bhk Villas |nandi Hills|bangalore.
Author: DEEPTHI

3. Top Benefits Of Settling In Fiji For Foreigners
Author: anil kumar

4. Great Living Homes Offers A Range Of House Designs At Budget Price
Author: Patrick Fox

5. How To Choose Best Homes Builders In Mandurah
Author: Patrick Fox

6. Ravinanda Trinity At Wagholi Offers Trendy Flats In Pune At Special Price Via Red Coupon
Author: RedCoupon

7. Finding The Right Houses In Sunshine Coast Real Estate Possible With 4 Features
Author: Todd Baker

8. Why Has Noosa Real Estate Become A Popular Destination For Settlement
Author: Todd Baker

9. How Has Nambour Real Estate Changed With Times To Make It Paradise Of Resident
Author: Todd Baker

10. Making The Right Property Investment Sydney – Are You Prepared
Author: Rudy Baer

11. Buyers Agent Sydney – Why Should You Think Of Hiring One
Author: Rudy Baer#

12. 6 Reasons Why Barog Is Ultimate Destination For Non-himachalis To Own An Apartment
Author: The Woods Barog

13. New Project Godrej Properties Apartments Sector 150 Noida
Author: kavish insa

14. Stress Free Life-style In Supertech Belfair And Safari
Author: Rohit Sharma

15. Sports Figures Residing In Luxury Apartment Rentals In New York
Author: Lawrence Roy


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: