Residential property in India is like a mazed puzzle; one needs to be deliberate; take logical analytic decisions; be able to join all the pieces; and probably the most important of all – have faith on God.
5 Décembre 2016
If many experts are to be believed then property in Noida may be showing signs of recovery as nearly as nearly four thousand new units have been placed on sale in Noida compared with less than half as many in Noida’s sister city Gurgaon. In the last quarter, sixteen percent of the new launches in India were from Noida signaling a revival in Noida Property. Furthermore, if the testimony of real estate insiders is to be believed then with seven percent of the total percent of new launches in India, Gurgaon’s share of the property market in India may be shrinking. A study which took place over the past three months in Bangalore, Chennai, Pune, Mumbai, Noida, and Gurgaon shows that nearly 25,000 new units launched over this period of time. Of the total share of launches, Mumbai had the largest share at 28 percent between the six cities, Pune’s share was 23 percent, Bangalore stood at 17 percent, Noida came a close fourth with a 16 percent share in the number of new launches over the three months, while Chennai’s share stood at a distant 9 percent, and Gurgaon with 8 percent of the share of new launches among the cities gauged stood last.
How Noida Compares With Gurgaon
According to a reputed real estate firm, the total number of new launches in Gurgaon and Sohna in the first and second quarter of this year stood at only three thousand units. In the same study for the same period in Noida, it was found that the number of new launches stood at two thousand units. Hence one may argue that as nearly 4,000 units have been launched in Noida in the most recent quarter, the real estate in Noida is indicative of a new and optimistic trend in the region's real estate market.
A New Business Cycle Powering Noida
An insider has revealed that the real estate market today seems to be successfully emerging from a low confidence and low investment cycle and things in the country real estate market will gradually gain traction. According to an industry expert, real estate in India may be approaching a more favorable period as both the public and private sector are working together to solve problems common across the real estate sector. Thus, many real estate experts working in the countries real estate sector believe that residential real estate in most cities will gradually begin to show signs of revival with affordable and mid-segment projects leading the charge. It is expected that ready to move in residential projects in Noida and similar projects across the six cities mentioned above will the preferred asset class.
Is Noida Just Cheaper?
The real estate market may be signaling that good times are ahead for budget homes buyers whether they are on the lookout for new projects in Noida or Gurgaon. A recently released report indicates that Noida Expressway projects constitute a large number of new projects in Noida. Even though most of the demand over the past three months was for apartments priced for the mid segment homebuyer, the demand for luxury apartments in Noida too may be witnessing a revival as a recent projects priced at 13,000 rupees per square foot was recently launched. Thus there is ample reason to mention however that many builders in Noida may simply prefer Noida as the price of land is lower in the suburb than in other regions of the NCR. 
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