Important Facts about Residential Property in Noida
Noida or New Okhla Industrial Development Authority is considered as one of the most elegant shopping and residential development in the region of NCR.
With IT investments and pour ITES in Noida development, there has been significant growth in population in the city. Therefore, with the rapid growth of commercial real estate market residential property noida has also grown rapidly. The growing demand has built an enviable price appreciation making the Noida residential city of the favorite motifs for property investment. The curve of growth in housing investment in Noida is perhaps the steepest. In fact, in recent years the demand for housing in Noida has increased to the extent that the developers of Delhi NCR region are rather has to focus its expertise in developing luxury living spaces all over town.
There has been record investment in real estate property in Noida. Therefore, a steady appreciation of home prices up to 30% is observed each year. This also ensures a highly potential for investors, as they have the opportunity to make big profits. So let’s explore some facts related to residential property in Noida.
- Noida residential properties are usually in the form of plots, independent houses, luxury villas, apartments, lofts and apartments and group housing flats.
- The housing communities are mainly concentrated in the sector 14, 15, 27, 28, 29, 37 and 44.
- Noida is the operational base of world-renowned estate agents such as Unitech, Eldeco, OMAX, Assotech and Gaur.
Development of Noida Residential Property
- As already mentioned, the main reason for the development of residential real estate market is the growth of business and industry in the city. Each year thousands of IT professionals are reduced to the city for work purposes. Therefore, demand for residential units has given way to development of structures and societies of modern lifestyle.
- Due to the increase in the price of residential property in Noida, many find it a profitable option to invest and generate benefits in exchange. In fact, the trend of real estate investing has launched the people of Delhi and NCR region to buy homes in Noida.
- Noida being near the capital and a satellite township project, the city has become the hot spot for NRI. The expected foreign direct investment in the coming years is speculation at 30,000 million rupees. Non-resident Indians prefer to buy luxury residential properties as their second home in areas like Noida NCR.
Most of the Noida residential property or housing projects in noida units are located in the 14 sectors, 15, 27, 28, 29 and 37. Majority of the residential properties are dwelling units while the ones located in sector 44 are group housing.
The variety of Noida residential property ranges from flats/apartments, independent houses, luxury bungalows, condominiums, villas to penthouses. In order to excel over others, each of the real estate developers involves their best expertise to come up with innovative projects and villas projects in Noida extension also.
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