Noida Real Estate Picks Up

Flats in Noida can be bought at an affordable price as there no dearth of availability and the real estate Noida offer plenty of options in terms of residential spaces. Although the capital values in major markets like Noida real estate have more or less remained stagnant in the last one year. But the change on the political front has brought positive changes in all the spheres, the property market being no exception, is also reacting to these positive outlook. The Government's development agenda, focus on affordable housing, increase in exemption of home loan seems to have created a positive resonance among the Indian home buyers but a significant improvement in Noida real estate can only be expected over next 12-18 months period.

Even though the Noida real estate market is picking up it has still not managed to regain its pace. Escalating prices, flouting of land reforms, uncertainty over project completion has dampened the spirit of home buyers. The number of flats in Noida since January 2014 has increased as compared to the last year. Although there has been an increase in the number of enquiries that have been received by the developers, but very few leads have converted into sales. This could be attributed to buyers sitting on sidelines because of high property prices or lack of proper papers. Also it is seen that more and more developers are keen to launch luxury properties as high land cost is forcing developers to stay away from launching affordable projects. This situation has also led to the demand and supply mismatch of both affordable as well as luxury properties in Noida. The satellite cities of Noida and Gurgaon were answers to the burgeoning need for housing and property for sale and investment, but the cities have now become self sustainable and attention should be now be given on offering adequate infrastructure.