Cost Of Acquisition Of Properties In Noida To Go Up

Several people are keen to buy flats in Noida sector 76 and other flats in Noida but the proposed hike in circle rates in stamp duty hike is forcing people to postpone their decision. Online property sites show that the sale of properties in Noida has gone down drastically after the announcement. Although district administration authority is emphasizing that 95% of registration of properties in Noida would not be affected by the hike but the builders are still worried. Noida is known to offer attractive property prices and room for rent at affordable price and this move could hurt the sales prospects of flats in Noida sector 76 and other flats in Noida.

Hike in circle rate of 15% to 25% will hurt all the real estate players. Builders say that soon people will stop enquiring about buying properties in Noida and they will only enquire about room for rent. As the overall cost of buying Noida sector 76 and other flats in Noida is going up people are more interested to take room for rent. Noida is known to offer affordable dwellings and this news will discourage buyers from making an investment in the city. Experts available on online property sites also predict that this will hugely hamper the sales prospects of the city.

If you too are looking to buy Noida sector 76 and other flats in Noida we will suggest you that you do so quickly after checking the trends on online property sites. The stamp duty hike has still not been implemented and the circle rate hike is also not going to majorly impact the property prices immediately. So if you want to buy properties in Noida then you should do it now without wasting any time so that your cost of acquisition of property is not affected majorly.

Spurt In Demand Of Properties In Noida

Gurgaon may well be known as the Millennium city but the recent flooding has proved it to be otherwise. This has dampened the spirit of several prospective buyers of Gurgaon real estate and one city’s loss is another’s gain. Many people have started looking at properties in Noida including flats in Noida sector 76 favorably for making an investment and purchasing a house. Furthermore flats in Noida are also more affordable even when circle rates in Gurgaon have been reduced. People on online property sites are enquiring about properties in Noida including flats in Noida sector 76 even when there is a proposed circle hike and stamp duty hike. Enquiries for room for rent have also gone up.

Infact the proposed stamp duty hike is prompting people to quickly complete transaction in order to save on 2% hike.  People are thinking to buy flats in Noida so that they are able to buy affordable homes. Earlier people always used to prefer to buy room for rent in Gurgaon over flats in Noida and room for rent in Noida. Moreover online property sites show that flats in Gurgaon have also given a much higher price and rental appreciation when compared with flats in Noida due to demand and supply dynamics.  However the latest flooding scenario has turned the tables in favor of Noida real estate. Builders are happy with the situation as they are expecting a spurt in the sales figures and volumes of properties in Noida including flats in Noida sector 76. Builders in an attempt to make the most out of this situation are trying to give out offers to catch the customer’s attention. 

Online property experts are also hoping that the situation for Noida real estate will improve due to this situation and they too feel that builders should leave no stone unturned to capitalize the situation.