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Delhi Land Pooling Might Bring Down Rates In Real Estate Noida

By Author: vinay kumar
Total Articles: 128

As the land pooling as got an approval nod many builders in real estate Noida are concerned about the fall in demand. Many people invest in Noida flats as they are offered at attractive prices. The prices in Delhi and Gurgaon have peaked and Faridabad does not house many offices as a result many people who were looking for good affordable options look to invest in flats in Noida like flats in Noida Sector 50. The city has offered people of NCR a place to invest in without burning a hole in the pocket. Real estate Noida has always offered relief to buyers who wanted to buy a property at lower entry levels.

Noida flats like property in Noida Sector 50 have managed to attract buyers who are looking for a safe real estate investment bet at decent prices. But now as the land pooling in Delhi has been approved there many be a case where flats in Delhi many be available at reasonable prices too and therefore people might look to invest in real estate in Delhi over real estate Noida. Land pooling will develop approximately 20,000 acres of land bringing in a lot of supply which will reduce the prices of flats in Delhi. Also since most of land pooling will take place on the outskirts of the building the rates of property are bound to be reasonable. This might distract the buyer from investing in flats in Noida like flats in Noida Sector 50.

The bright side is that the development of property after land polling will take some time and till then real estate Noida will flourish. Also developing infrastructure on the outskirts of Delhi will also take time where as if one buys Noida flats like property in Noida Sector 50 they get access to solid infrastructure like good roads, street lights etc. Still realty experts feel that land pooling will have some impact on flats in Noida in the long run. The demand may also fall due to excess of supply. Already there is a huge pile of unsold inventory of Noida flats and if buyers get access to flats in Delhi at cheaper prices the demand of real estate Noida will fall dramatically. So unless the absorption levels of flats in Noida like property in Noida Sector 50 increases dramatically the city might see a fall in demand in the coming few months due to the Delhi land pooling approval.

On Makaan.com, one can buy, sell or rent flats in Noida and Online Property. The seekers of online property with different budgetary constraints can search residential and commercial spaces over the site.

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