Government Initiatives For Pushing Towards Real Estate Developments In Ncr

By Author: Devender Gupta
Total Articles: 30
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In the next few years, serviced office spaces, modular offices, commercial complexes, shopping malls are set to crop up due to the government’s efforts. The current developments in this regard are mentioned below:

•With the approval of Greater Noida Master Plan 2021 by NCRPB (National Capital Region Planning Board) members, who are also CM’s of the participating states, one more obstacle for development in Noida Extension has been removed. This action will mostly benefit towns like Bhiwani where construction of residential projects and shopping malls is in full swing now.
•The Greater Noida Development Authority is also geared to set up the Delhi-Mumbai Industrial Corridor that will be passing through the Greater Noida-Meerut-Muzzaffarnagar region. The following will be developed in the first phase of this project, which is set to boost the industrial and commercial growth in the region:

1.Bodaki railway station
2.Greater Noida - Noida metro rail link
3.Dadri- Vallabhgarh railway station
4.Noida, Greater Noida-Faridabad expressway
5.Logistic park/township
6.Auto-mart

•Large ...
... scale planned developments are also set to take place as per the action plan developed by the Ghaziabad and Gautam Budh Nagar authorities.
•Availability of premium Retail and Office Space in Indirapuram is attracting buyers. The fact that much of this space is government approved is an icing on the cake. There has been an appreciation of 10% to 12% in retail and commercial values in Apr to June 2012 alone.

Not only this, the decision making regarding consolidation of offices with centralization or decentralization is set to become better with the evaluation of entire real estate portfolio as opposed to individual properties. Many experts say that this will be a direct result of smart strategies being made for corporate real estate. Looking at these trends it can be said that the coming years will see a flurry of activity in NCR commercial property market.

Aside from the 5 star hotels, hospitals and educational institutes being developed here, the spurt in the development of retail space and office space is also great. If the existing infrastructural hurdles related to power & water supply and governance can be overcome then NCR can become ‘an apple of the eye’ for medium and big companies, whether Indian or international when it comes to buying commercial property In NCR. The development of Indian Expo Mart, near the Greater Noida Expressway, that will host trade fairs like Pragati Maidan is further set to boost up the interest of buyers of NCR Commercial Property.

DGS realtors are the most reputed real estate consultants in the NCR providing consulting services for residential properties in Gurgaon, commercial properties Gurgaon and commercial properties Noida.