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Noida To Be Cultural, Heritage Hotspot

Noida To Be Cultural, Heritage Hotspot

Noida is ramping up its social infrastructure to accommodate more home buyers. Alongside, cultural hub and heritage options are being developed

Noida’s realty segment has passed through different phase of development. The city has become a preferred destination for new home settlers. And now, Noida authority is ramping up its civic infrastructure to become a cultural and heritage hotspot.

The area is retaining the attention of middle class and lower middle class as it offers good options with a number of Real Estates projects launched in affordable range.
According to latest report by ASSOCHAM, with over 2500,000 housing units are available for sale in entire NCR circuit. This inventory is luring new home buyers and affordable housing segment is expected to groom better this year.
Noida to get a museum and culinary cuisine institute

To promote socio-cultural activities in city, Noida is likely to get culinary cuisine institute and a museum on the lines of Delhi’s National Museum in Sector 62.

According to an MLA, work is in progress for these two projects. The culinary institute will be like a culinary museum and be one-point stop for cuisines from across India. Also, it will train a batch 200 chefs every year.

Secondly, the heritage museum will be bigger and larger than national museum and will showcase culture, tradition and history of India.

Apart from these, Noida will soon have an international airport in Jewar and a cultural hub in Pari Chowk. The hub will have a centre for fine arts, music, dance, cafes and galleries.

Social infrastructure will attract buyers

“Home buyers prefer to purchase properties in the locality with robust social infrastructure and easy connectivity. The sectors of Noida has become prime residential locality and well-connected with other parts of Delhi-NCR. In this area, hospitals, banks, community hall, super markets and shops are easily available,” says Sunil Pandey of Real Homez, a property advisor and consultancy firm in Noida.

He said that all new developments promise better appreciation in property prices.

India Expo Centre Greater Noida

Auto Expo Adds To Greater Noida Property Market Profile

India Expo Centre Greater NoidaAuto Expo is one of the many global events that have taken place in the city, increasing its recognition as a property and infrastructure hub 

Greater Noida is currently hosting Auto Expo 2016 at India Expo Mart. Top automakers from all over the world are participating in this fair where celebrities and commoners are lining to catch a glimpse of latest cars. The venue for Auto Expo was Pragati Maidan in Delhi but it was shifted to Greater Noida in 2014 due to lack of space and infrastructure.

India Expo Mart has been a popular venue for other global convocations too, recent ones being Innovation & Entrepreneurship Summit and 8th IRF Conference for Green Highway.

In 2014, many asked why Greater Noida was being picked as a venue for such events? However, the city’s wide roads, world-class expressway, metro connectivity and upcoming infrastructure answered such questions.

Bishan Lal, who runs a property brokerage service, says that the city has changed its profile over the last five years and this is why such events are coming to the city.

“About 10 years ago, when developers started buying in Greater Noida area, many were surprised asking who will live here. Ask people today and they will tell you how Greater Noida is the future city,” he says.

He said property buying and rental services in the city have improved in the last five years.

Great expectations from Greater Noida
Rajesh Garg from Realty 360 Degrees Services says Greater Noida has good prospects. “First came the housing projects and then came the infrastructure and this development cycle has changed the face of Greater Noida. Many of these projects are theme-based and among them, including one on music,” he said.

Greater Noida has some of India’s promisin infrastructural developments –

–          Home to India’s only F1 track. It regularly hosts exclusive test rides for debutant cars and bikes
–          Has separate cycle track on roads like in foreign countries, some of these tracks  are already operational
–          E-governance has been initiated and the plan is to make 152 public services online
–          A proposed nigh safari will be India’s first
–          Proposed heliport with an investment of Rs 50 crore budget is on fast track

Greater Noida also has many upscale societies. The property rates here range between Rs 3,500 and Rs 2,500 per sq ft. The city has property projects from all big scale and middle-level builders. Prominent among them are Mahagun Group, Jaypee, Gaursons, Supertech, Ajnara, Paramount Group, RG Residency and Morpheous.

The city has property offering in all budget categories and units ranging from studio apartments, 2BHK, 3BHK, 4BHK, 5 BHK, penthouses, independent floor, fully-serviced apartments and the likes.

Ask brokers if glitzy events like Auto Expo add any value to the property market in Greater Noida and they nod in unison.

“Jaypee has marketed most of its property mentioning proximity to F1 track,” says Rajesh. Bishan agrees, adding “when we tell customers about Greater Noida, we also tell them about Auto Expo, Expressway and new things that are coming. It brings more credibility to the area profile”.

 

 

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Promising Start For Noida Realty In 2016

Noida and Greater Noida have witnessed a slew of positive developments right at the onset of New Year.  We take a stock of these developments and how 2016 will fare for the region’s real estate Property segment

Year 2016 has started on a high note for Noida. The city saw two new malls — DLF Mall of India and Unitech Gardens Galleria — kick off their operations at the onset of holiday season. These two malls are located next to Sector 18 and The Great India Place spoiling shoppers for choice. Next to these malls is an already operational ‘Worlds of Wonder’ which is a retreat for entertainment junkies.

Also, right on the verge of this New Year, Prime Minister Narendra Modi laid the foundation of Delhi-Meerut Expressway which will be built at cost of Rs 7,566 crore. The work for expansion of Noida  Metro has already gathered steam.

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Before 2016 end, more than 5,000 flats in new sectors — 77, 78, 79, 137 – will be up for possession. For home seekers and realtors alike, this news brings cheer for they mean a positive impact in infrastructure and investment.

Noida: Preferred destination for new home buyers

Noida has been on the radar of home buyers for long. However, the city’s social and physical infrastructure has witnessed unprecedented growth in the last five years only.

The advent of Metro in Noida has made commuting much easier. A resident of Sector 21, Amrit Lal Arora admits that travelling was a big problem earlier and Metro has boosted real estate prospects here.

“Many people living in Noida work in or around Delhi. Metro has become a lifeline for such daily commuters. Also, the number of local autos and three-wheeler rickshaws plying n the city has gone up considerably making it tad easy to travel within the city,” he added. This has pushed the property prices also, he said admitting that young couples and those living alone make up the largest chunk of home seekers group here.

This sentiment was echoed in Colleirs International’s report as well. The ‘Residential Preference Survey 2015’ by real estate services and consultancy giant Colliers International hinted that Noida was perceived to be most livable by most respondents.

Malls and entertainment add magic to Noida realty

Besides the new malls in Sector 18, five more malls are gearing up to start operation in the next two years in Noida-Greater Noida area. These malls are not just limited to shopping only. Themed developments are also making a foray into Noida real estate via these retail centres. Greater Noida already has a newly opened Mall of Adventure and a proposed wedding mall as well. This is in addition to the Entertainment City which is already present adjacent to Sector 18.

Noida no more a suburb
Noida was earlier pegged only as an IT-ITeS office destination but quickly became the preferred residential zone in the NCR. Vikas Jain from Jain Realtors said he receives 10-15 home seekers’ queries daily for Noida region. “Noida has so much choice — from serviced flats to gated communities and even flats, plots and society living. There is an option available in every budget, unit size and area/locality,” he said, adding that this number has only grown.

Another property broker Kumar from VK Property shared that earlier, single women and girls avoided Noida. “Earlier the mindset was Noida is far off; transportation is not proper and it is in UP. With time, things have changed here. Malls, clubs, pubs, premium hotels, recreational places, entertainment zones and even basic amenities have gone up by many notches. Now every day there is new positive news about Noida. That creates a better sense for Noida,” he said.

Kumar said he receives a good number of property inquiries from women as well.

With so much in swing, looks like year 2016 will be a positive one for the Noida realty market.