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Hurdle Race To Flat Registry In Noida

Flat buyers in Noida and Greater Noida are facing many concerns regarding property registry procedures ahead of the impending stamp duty hike.

Flat buyers in Noida and Greater Noida are facing multiple issues regarding property registry procedures ahead of the impending stamp duty hike. In the last-minute rush to complete their registry to skirt the duty hike, they are up against unfinished paperwork because builders haven’t been diligent enough, exorbitant lawyers’ fees and backlog of files in government offices. In most societies buyers are required to run after builders to tell them details about the stamp duty and other charges whereas it should have been the other way round. Read More

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Sector 62 Metro Station Moved Closer To NH-24

The DMRC has decided to shift the proposed metro station at Electronic City near the Ghaziabad border.

The Delhi Metro Rail Corporation (DMRC) has decided to shift the proposed Metro station at Electronic City near the Ghaziabad border, the last station on the Noida Sector 32-62 Blue line corridor, across the road and closer to NH-24 to help commuters entering Noida from the highway. According to DMRC officials, the last station of the 6.8km Metro link will now be built a little more towards NH-24 and will be located near a proposed subway and bus stand in the vicinity. Earlier, the Metro station was proposed to be located on the NH-24 to Sector 32 carriageway near a proposed underpass. It will now be located on the opposite carriageway that goes from Sector 32 to NH-24 and will be 170m more towards the highway. The Metro line will be routed over the central verge of the Master Plan III Road from Sector 32 in Noida. Read More >>

 

The newly constructed underpass at Noida city center (1)

New Underpass Near Sector 15A To Ease Traffic

The Noida Authority has planned to construct an underpass-cum-U-turn near Sector 15A to facilitate uninterrupted entry and exit of vehicles

There is good news for commuters who frequent the link road between Delhi, Noida and Greater Noida as well as residents of Sector 15A. To facilitate uninterrupted entry and exit of vehicles to and from Sector 15A besides ensuring smooth traffic movement along the busy road, Noida Authority has planned to construct an underpass-cum-U-turn at one of the sector’s two gates. Tenders for the project have been initiated on Thursday and the contractor will be finalised on April 19. According to officials, the underpass-cum-U-turn will be located at gate number 2. It will be two-lane and will be used for exit and entry. Once the underpass is in place, all traffic signals will be removed and turns will be closed on the central carriageway of the stretch including the two cuts in front of the sector 15A gate. The authority has already constructed a foot over bridge in the area for the benefit of the residents and visitors to Sector 15A. More>>

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Realty Gets More Space Near Gr Noida Metro Line

The Uttar Pradesh cabinet has approved an increase in the floor area ratio (FAR) by 0.5 paving way for extra realty space along the Metro corridors in Greater Noida.

Paving the way for extra realty space along the Metro corridors in Greater Noida, the Uttar Pradesh cabinet has approved an increase in the floor area ratio (FAR) by 0.5. The new FAR will be applicable within a 1,000-metre radius of Metro corridors in Greater Noida. The approval for the amendment in Greater Noida‘s building regulation came through a cabinet meeting held by the state government recently. The Greater Noida Industrial Development Authority (GNIDA) had proposed to revise its building bylaws and enhance the FAR in February 2015. The Authority also sought objections to and suggestions on the modified plan from the local residents. Following this, the proposal was forwarded to the state government for approval. With the cabinet’s nod, the GNIDA now expects the notification to come through in the next 15 days. A gazette notification was issued in March 2015, which has already cleared a 0.5 increase in the permissible FAR within a 500-metre radius of existing and proposed Metro corridors in Noida. More >>

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Foreign-Themed Homes Lure Home Buyers In Noida

Foreign-themed homes are in vogue in Noida- Greater Noida, with inspiration drawn from Spain to Rome to Egypt. This is also helping developers differentiate their launches.

The real estate market may be facing tough times but there are many positive vibes in the Noida-Greater Noida property market. Among other factors, there are new offerings by the property developers which are finding favour with home buyers. The most prominent among these is the foreign-themed homes.

There are almost a dozen property projects in the Noida-Greater Noida region based on popular themes from abroad. Take for example Ajnara Ambrosia which is based on Spanish living style in Sector 118, Noida. The balconies and courtyards are poised to be arched hallways, giving this gated community the Spanish look.

ABA Corp’s Cleo County located in Sector 121 is based on Egyptian architectural theme. It boasts of having five level of cascading swimming pool with a sky bridge.

Supertech’s The Romano project is based on a Roman theme. Based in Sector 118, the prominent structure has curved arches, which are the significant architectural points on the Roman style of buildings. These are just some of the renowned projects that are being developed completely on a given project. Other than these there are many real estate projects in Noida that have Zen gardens. Or landscapes inspired by the global themes.

Home aspirants can pick and choose from a wide variety of available options form penthouses, villas and flats that have drawn inspiration from foreign home concepts like Greek houses, Spanish Villas and Mediterranean themes.

Enthusiastic Buyers Driving the Market

With changing mindset of young home buyers, they are no longer impressed by the general facilities like larger living spaces, latest amenities, swimming pools, health clubs or club houses. Their willingness of leading new lifestyle has gone far beyond. They look for the best of the best amenities and hence prefer internationally-inspired living style. The aesthetically designed surrounding, gardens overlooking the living room atriums, layered fountains are catching attention of many.

Developers Banking on Buyer Interest

In a growing and highly-competitive realty market of Noida-Greater Noida region, developers are adopting innovative designing approach to attract potential buyers. The developers of these foreign based residential projects are coming up with more evolved projects to cater to the new tastes of the buyers. Hence these theme-based homes are gaining prominence amidst the new Indian buyers those want a residential unit that matches with their lifestyle.

Dhiraj Jain, director, Mahagun Group, says: “The country’s changing demographics and rising aspirations have shot up the demand for theme-based residences in NCR. Numerous projects and townships are being planned on popular foreign themes to stand out amidst the crowd of almost identical projects. Developers are coming up with innovative methods to bring in exclusivity and launching projects ranging from cultural themes like Spanish and Roman to interest related themes likes sports, Disneyland and much more.”

He points towards the changing client demands and aspiration. “Larger-than-life and glamorous projects are on the rise with clients expanding their thoughts and living out of their dreams. Theme-based homes help in creating differentiation and is tagged with a luxurious element to it with ultra-swanky amenities on par with international standards. Moreover, the association of developers with celebrated designers and brands bring home to the Indian buyers unique design philosophies, brilliant architectural resplendence with updated technology, bespoke materials and impeccable finishes to break new ground in architecture, design and styling.

This concept meets the requirement of clients who want their homes to be a reflection of an alluring lifestyle that they glance while travelling the globe.”

Raheja Developers, who have internationally-inspired projects in the other parts of NCR are also entisiatisc about this trend. “The real estate trend in India is finally changing. People today are desirous to buy a home which is a style statement just like them. They desire for a comfortable and luxurious life with complete global amenities enjoyed by citizens worldwide. It is difficult to define luxury home, but a home which is in itself a landmark status and with world-class innovative features,” said a company spokesperson.

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Investing In Large Housing Projects In Noida-Greater Noida

When property developers and investors are expecting high returns on their investment, large housing projects seem the safest bet. Find out what’s on offer here.

A real estate investment is a tough decision. Traditionally, real estate has been seen as a safe bet for parking investments in immovable forms. However, given the tumultuous markets and changing business scenario, many investors are cautious about investing in this sector.

There are still a few options in real estate which give good returns on investments. Even in a slow real estate market, large housing projects in Noida-Greater Noida have proven to be a good opportunity of investment for home buyers, investors and sellers alike.

These projects are often spread over massive piece of land and constitutes of large volume of residential Projects and commercial units together, usually in gated communities. Such developments have many options in residential units, offering a choice for the residents. Alongside, there are plethora of entertainment facilities and associated infrastructures which includes roads, schools, and hospitals, clubs, banks, shopping complexes, civic amenities like drainage and sewage, power and water supply facilities. Prime objective behind the development of such projects is to ensure the high degree of self-sustainability within one living premise.

Investors usually compare standalone, pure residential units and those housed in large housing projects. The individual projects may be small and feasible from financial point of view but lack facilities or the fact that facilities are not properly defined within the complex.

In Noida-Greater Noida, the state government is promoting integrated township projects by giving relaxation in land acquisition and ease of development norms for such projects. This has encouraged the many developers to come forward in this segment of development and many such projects have been launched by the prominent builders of the area.

Developers such as Jaypee Greens, Ansal API, Supertech and Lotus Greens have already launched large housing projects that are in various stages of developments in Noida-Greater Noida area.

Jaypee Group is developing Jaypee Sports City. It is spread over 5,000 acres of prime land and is located along the Yamuna Expressway. This eco-friendly township project offers more open and lush green space to the residents.

The other large township is Gaur City in Greater Noida West. Alok Srivastava, area sales manager at Gaur City, says, “This integrated township will offer residents a lavish lifestyle in ultramodern apartments. The Gaur City is a sprawling township and will have all the facilities like shopping centres, office space, retail outlets, banks, schools and hospitals inside the single premises. The master plan of the Gaur City is planned by the renowned architecture of RSP Singapore.

Golf City is the new township in Sector 150 on the Noida-Greater Noida Expressway which is being developed by four real estate developers – Antriksh, Logix, Brys and Shubhkamna.

Spread over 200 acres, the project claims to be the NCR’s first integrated township with 9-hole golf course on 100 acres. Logix Neo World will be developed on 50 acres, while Antriksh Golf City will be over 25 acres and suppose to deliver 1,700 housing units.

Check out some new developments of self-sustaining townships in Noida-Greater Noida area:

Integrated Township Projects

Developer

Location

Area (in acre)

Supertech Golf Country

Supertech

Yamuna Expressway, Noida

100

Sushant Megapolis

Ansal API

Near Grater Noida

2,500

Jaypee Greens

Jaiprakash Associates

Greater Noida

450

Lotus Greens Sports City

Lotus Greens

Sector 150, Noida

330