Real estate Market Trend 2013 – Property in Noida

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Real estate Market Trend 2013 Property in Noida

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Introduction

• The year 2012 saw many ups and downs in the
  market. Due to the substantial increase in
  circle rates of Noida properties, there was a
  slowdown in the market. But now, 2013 is expected
  to bring a fast trailing effect once again due to
  lucrative budget from the Fin Min., offering tax
  deduction of additional Rs. 1 lacs for loan value
  gt Rs.25 Lacs. But the conditionally offered here
  is that the value of property should be lt40 Lacs.
  Moreover for those who are actually waiting for
  the budget to start a big term investment, here
  is a bad news for them. Properties Valued gt 1
  Cr., need be paid extra service charge than
  before.

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Current Demand

• Noida and Noida extension have been supplying to
  the varied demands of buyers. The configurations
  available here includes
• Residential Flats
• Studio apartments
• Villas/Kothis/ Bungalows
• Plots
• Commercial office space
• Retail Space
• Industrial Space (preferably in SEZs)
• Institutional Land (Greater Noida)
• Agricultural land
• Farmland

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Current Demand (Cont.)

•  According to the stats from Leading property
  dealers, the number of queries received was for
  residential flats in Noida extension where nearly
  10,000 flats are available in the budget range
  starting from just Rs. 25lacs. Other than this it
  is expected by the fall of second quarter of
  2013, the property prices are going to surge
  higher. Since the circle rates again are going to
  be revised in April, all the buyers and Investors
  investing in independent houses and Builders
  floors will have to fledge extra money out of
  their pocket. This increase in Circle rates is
  all dedicated to appreciation of compensation to
  the farmers according to land acquisition bill.
  Since 50 of the total real estate offering are
  in the range of Rs. 25 Lacs to Rs. 50 lacs,
  nearly 70 property buyers will be benefiting
  from the tax deduction scheme.

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Effects of demography on real estate buying

• Since Noida is a growing hub of leading IT/ITES
  companies, the average age of mass population is
  27years. Younger investors are looking for luxury
  based affordable housing options which includes
  studio apartments in Noida, which are easily
  available in budget of Rs. 40 50 lacs. Other
  than this, for those who are looking for family
  configuration, 1/2/3BHK flats are the favorite
  commodity for them. In case of commercial
  properties, office suites for growing business
  groups are available at cheap rentals in Noida.
  Since Gurgaon is quite expensive, companies with
  little operational cost prefers Noida for their
  headquaters.

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Conclusion

• Not just the Noida, but other regions of NCR,
  including Gurgaon, Ghaziabad are becoming more
  preferable for home buyers. According to one of
  the most prominent property dealers in Gurgaon,
  the NCR has been bifurcated into two regions, on
  one hand where you have Noida and Greater Noida,
  offering affordable housing and business options,
  on the other its Gurgaon, where the luxury and
  lavishness is being demanded at more par than
  ever before. This is a good sign in the real
  estate industry where different sectors are
  evolving in a different fashion of Investment and
  buying.

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