ALL >> Real-Estate-and-Foreclosure >> View Article
Property In Noida: The Dismal State Of Affairs
Total Articles: 54
In the light of current extortionate price rates, the buyers are shying away form making any purchase. A city like Noida, that offers affordable properties, too has failed to pull in enough buyers to market. High interest rates, economic inflation, and rising cost of living have, cumulatively, have exerted a negative impact over their sentimentality. As with the other NCR regions, the demand-supply ratio is a highly mismatch value. Exodus of supply with only selective takers has resulted in a high inventory of unused inventories. With interest of buyers gone cynical, Noida properties market stands only a little chance.
The sellers of property in Noida, exasperated with negligible sales, are coining new strategies to give furtherance to their projects. While around festive season last year, it was all about discount offers and freebies, now, it is 40-60% offers. Under these, a buyer needs to pay an upfront amount of only 40% of the total worth of property. The rest, they can pay once flats come in their possession. While most of the buyers are unwilling to take long-term liabilities, there are a few who are finding such preposition by sellers attractive. It is either the section of buyers with immediate property requirements or the investors looking for long-term returns that seem to interested in rolling out a substantial part of their incomes.
Though the scenario seems quiet bleak, a silver lining is still peeping out from behind clouds. Developers and builders have pinned their hopes on the period post elections. The results are already out and it will take at least six months to see on which side the camel sits. The futuristic scenario of properties in Noida will depend on the stability of new government and the policies that it comes up with.
The recent verdict by Allahabad Cort has put restrictions on Floor Area Ratio to be used by developers. According to the verdict, sellers are barred from using 30 msft FAR in their ongoing projects. This, in turn, would result in a further hike in land prices. According to Jones Lang Lasalle, the land price rates are expected to get appreciated by about 20% in light of the court's decision. And it would, ultimately, put extra burden on buyers' shoulders and they would continue with their willy-nilly approach.
Amidst all this, some renowned builders have continued launching new projects in Noida and Greater Noida. Ansal Properties is keen to invest 130 crore on an IT SEZ in the city. Godrej Properties too is prepared to foray with its new project in Noida.
Makaan.com is an eminent Indian real estate website that connects buyers and sellers of property in Noida. The site features cheap, budget, and luxury residential properties across Delhi NCR.
Real Estate and Foreclosure Articles1. The Perfect Way To Invest In Property Mangement Buderim
Author: Peter Simons
2. Foreign Investors - Know How To Get The Cyprus Citizenship And Enjoy The Associated Benefits
Author: Chris Michael
3. Flats In Jagatpura
4. Assetz Here And Now | Pre Launch Project | Located In Rachenahalli, Bangalore
Author: Guru Raj
5. Lodha Codename Superdeal Upper Thane
Author: chetan singh
6. 6 Reasons To Forget Valleyview Apartments In Shimla And Consider Barog For Your Investment
Author: The Woods Barog
7. Finding Apartments For Sale - Tips For Buyers
8. How About Finding New Apartments For Sale
9. Beneficial Tips In Buying New Residence
10. What Are Various Residential Home Buying Tips
11. Main Points To Think About When Buying An Apartment Or Condo
12. Questions To Ask When Buying Houses
13. Aspects That Need To Impact The Buying Of Homes
14. Things You Must Know Prior To Buying A Home
15. What You Must Think About When Buying An Apartment Or Condo