November 20, 2013

Land Pooling Policy Announced by DDA to Control Property Prices in NCR

Delhi Development Authority (DDA) has announced the land-pooling policy which is aimed at freeing land and ensuring infrastructures is in place before construction starts in the new areas of the city under the residential zones. As per the policy around 1.5 million apartments will be launched over the next few years and will have a drastic impact on the property prices in the National Capital Region (NCR) which include Gurgaon and Noida.

Land-pooling Policy

Under this policy, the landowners can pool their land together for construction of infrastructure by the city’s land-owning agency. The landowners will be given 48-60% of it back once the infrastructure is set up.  The owners are allowed to build on this land themselves or give it to the realty developers. By involving private player in planning and development of residential and commercial components, the DDA is planning to bridge the gap between supply and demand in housing sector and the profits earned from the sale of their share will go to the private placers or landowners.

Property Prices in NCR

A senior DDA official mentions that as more homes and planned development will come up, there would be a definite slash of prices in housing sector. He further added that, this pooling policy is a substitute to the compulsory land acquisition and disposal process, as it will be difficult to acquire land under the new land acquisition bill passed by the parliament.

Property consultant DTZ states that this new policy will reduce the sharp rise in property prices in NCR areas such as Gurgaon, Noida and Gaziabad. These places have witnessed 150% increased in prices in the last five years.

Though it will take some time before the first project is launched under this policy but it will certainly have a calming effect on the property market in NCR region. But right now, clarifications are awaited from DDA.

 Property Prices in NCRAnckur Srivastava, Chairman of GenReal Property advisors states that after the pooling policy is in place the property prices in the satellite cities will not see the same kind of rise as it was happening in the last few years and from the buyer’s point of view it will be an ideal opportunity to acquire property in Delhi.

Few people like Mohit Gujral, Chairman of DLF Universal are not convinced that the move by DDA will lead to price reduction. He says that Gurgaon and Noida have already flourished and now they are more of an economic centre but opening of new areas in Delhi might slow the speed of growth in property prices. Mohit also points out that cities in NCR region have a large scale of economic activity and each of them including Delhi will compete with each other and it’s left upon the people to make the right choice.

November 19, 2013

Maharashtra CM inaugurates 10th international real estate summit in Mumbai

The FICCI organized the 10th international realestate summit in Mumbai which was inaugurated by Maharashtra chief minister, Prithviraj Chavan. Many industrial stakeholders attended the summit which was themed on the empowerment of real estate through new policies, competition and partnerships.

Mumbai-REAL ESTATE
FICCI, an association of Indian business organizations has been raising their concern over real estate trends and changes which are linked to the economy of the country. The chairman of FICCI in his speech mentioned that Mumbai needs infrastructure and taxation reforms in the real estate sector with active support from government. Adding to his point, Arun Kumar Misra, ministry of housing and urban poverty alleviation said that the government should stir up the growth of country’s economy with new investments.

On the occasion, Chief Minister Prithviraj Chavan along with other guest dignitaries released the FICCI-EY Annual Real Estate Report 2013 and FICCI Real Estate Company Directory 2013-14. During his speech, the CM explained his idea of creating rule-based governance to have a transparent and a level playing field in the real estate industry. While talking about the Real Estate Regulatory Bill, he said, “We passed the bill in July 2012 and it is still pending before the parliament for reasons we don't understand but such delays are beyond our control."

real estate in mumbai
He also added about the infrastructure, “… projects like Eastern Freeway and Santacruz-Chembur cross road were launched; Metro and Monorail will also be commissioned soon. The land acquisition issue for the Navi Mumbai airport has been solved. In a land-for-land deal and cashless compensation, the PAPs will be housed in a new township called Pushpak Nagar to be developed by CIDCO. A lot of projects like the coastal road, the third metro from Colaba to Seepz are on cards. We are also training town planners and have proposed to start an institute of town planning in Pune.”
He asked all the stakeholders to extend support in bringing a fair practice thereby creating a positive and vibrant real estate market in Mumbai. He also promised that there are many other real estate related reform ideas in the pipeline. Ad Buisman, Partner, Head of Real Estate, Middle East, India, Europe and Africa, EY contributed by saying that India needs to improve the infrastructure, legal enforcement, property rights and title clearance, legalizing FDI norms etc.

November 15, 2013

Luxury Homes on a Low Budget - Classy Kitchen Updates

Luxury Homes on a Low Budget
The kitchen trends frequently change with the invention of new appliances every day. The interior of luxury homes focus mainly on the kitchen place which includes modular kitchen and complementing cabinet work.  A renovated kitchen design can give a new definition to your old home. Here are a number of ideas that will help you reinvent the kitchen as you desire, under budget and will give an appeal of a luxury home.

Update the Cabinet Hardware

The cabinet made of wood is always preferred as it gives a classy look. Although cabinets are made of steel, plastic material etc., the use of wood will add an alluring effect to your kitchen. The utility cabinets need to be thick and durable to carry more storage material. Look for termite resistant and thermal tolerant hardware units for long lasting cabinets. Try iron or brass finished handles for the wooden cabinet doors. The stainless steel cabinets are widely used for its sleek design and are mostly fitted during the construction work.

You can find a variety of cabinets in different shapes, color and finishes that will pair up with your kitchen walls and floor. Most of the luxury apartment builders opt for modular kitchen with the perfectly finished wooden cabinets.

Try Open Shelves

Instead of having closed door cabinets that give an ordinary look, try open shelf cabinets. The open shelves will exquisitely showcase the contents of the cabinet, forming a great appeal to your kitchen. You can also use the glass doors to cover the cabinet to avoid dirt and dust particles occupying the cabinet space. Frosted glass is a good candidate to obscure the cabinet content yet giving a contemporary look.

Arrange the utensils

Arranging the utensils is the most important part of renovating your kitchen. You can hang the pans, ladles, utensils and other cooking must haves to the wall using a rod but also make sure that they are easy to use when required. Leave the less used utensils inside the cabinet on top shelves and arrange the more frequently used plates and pots within a reachable distance.

Luxury Homes on a Low Budget

Use refreshing Colors

Some cabinets look weathered and worn but still remains intact and durable. You can paint these cabinets with refreshing colors and save a lot on your budget.  You can try colors that suit your floor and look contrasting to your walls. This way, the cabinets will look distinctive and highlighted which gives a modern appeal to your kitchen. You can try either subtle colors that are classy and pleasant, or bold colors that will make a fashion statement.

Make way for storage

Apart from the regular cabinets, you can add new storage spaces in the kitchen. Try to leave your grocery and dishes inside the storage space which will add more space to a small kitchen. Try installing shallow floating shelves attached to the unused corners of the wall to display the glassware and festive dishware.

Change the lighting


Even a dull kitchen can restore its freshness with change in the light settings.  If you have the dining area attached to the kitchen, use chandeliers on top of the dining table. Use task lights for the kitchen work area, near the stove and counter-top. Try installing small accent lights fixed inside the glass cabinet to give an emphasized view.

Your normal kitchen can look luxurious under budget if you can be little creative and concentrate on the renovating products. You can also get the help of professionals to remodel the kitchen with contemporary design.

Luxury Homes in India

Luxury Homes on a Low Budget
In India, most people choose the luxury homes which include sophisticated building with modular kitchen, superior wooden finish, swimming pool, gym, park etc.  Listed below are a few of the leading builders from various cities who offer luxury homes within budget.

1.    Isle Royale villas and apartments
By Gera Developers in Pune

2.    Trump Tower project
By Donald Trump and Rohan Lifescapes in South Mumbai

3.    Shobha international City
By Shobha Developers in Gurgaon

4.    Aurum Villas
By Pacifica Companies in OMR, Chennai

5.    Silvana Villas and Row houses
By Pruksa India Housing Private Limited in Bangalore

November 13, 2013

Pace Anusa Tambaram West, Chennai

Tambaram growing at a good paceLocation: Tambaram, Chennai Price: Starting from 32 lakhs PaceAnusa - The exterior of Pace Anusa apartments has been shown along with the adjoining highway on which the project is located. It is developed by Pace Builders and is located at Tambaram West, Chennai.
  

Special Economic Zones in India

Special Economic Zones or SEZs are areas singled out for large scale economic growth through the implementation of liberal laws which encourage development. The financial policies in these areas are far more business-friendly when compared to the central policies. This is a concept which has become very famous in developing countries like India.

Special Economic Zones in IndiaThe main objective behind this is to attract mass international funding in the real estate segment. Residential real estate, commercial properties, housing and township planning have all seen major investments due to these policies. Due to this success, the model of SEZs has become a huge hit in India. Many top companies are trying to establish SEZs in the country as they are benefitted hugely through this. In turn it helps develop the real estate and provides employment in areas where infrastructural development would not be possible otherwise.

The SEZ Act of 2005 was instrumental in instilling confidence in foreign investors. A comprehensive draft, it imparted stability to the system and convinced stakeholders about the Government’s commitment to encouraging businesses. Over the course of the last few years phenomenal growth has been seen in this sector. 2003-12 saw a growth of 50.5%. Major SEZ supporting regions are the South Indian states of Andhra Pradesh, Tamil Nadu, Karnataka and Kerala. Gujarat also has a good number of SEZs. SEZs have contributed greatly to economic development in these areas. Many outlying regions that would not have seen much development otherwise have become hubs of business and commercial activities. Real estate developers have shown much interest in SEZs. SEZs have been created to facilitate the building of two and three BHK luxurious townships, and low rise luxury apartments. The many benefits offered to developers allow them to cut down costs in the construction of such projects. The end result is that customers and clients get homes at cheaper rates too. Some of the major benefits for developers are:

1.    Custom and Excise duties are exempted.
2.    There is also an exemption of the Income Tax for a specified time period.
3.    Central State Taxes are also waived.
4.    No restriction of maturity on borrowings of up to 500 million US dollars per year.
5.    Plots leased to the SEZ developer are exempt from registration fees and stamp duties.

The government has also made changes in the SEZ act which have been be a boon for the real estate industry. In a move earlier this year, the government had done away with a law that required a minimum of 10 hectares of land to set up an SEZ. The new rules stipulated that area requirements would be 1, 00,000 square metres in major cities and 50,000 square metres in Category B cities. So developers who have already met the criteria can use the remaining land for residential projects. It will lead to the emergence of many walk-to-work localities. The push for equity companies to make foreign deals will also increase and this will lead to greater Foreign Direct Investment (FDI). It is a move that has given even more incentives for construction of SEZs – definitely a right move for the future.  

November 12, 2013

Shraddha Pioneer, Hathijan, Ahmedabad

Shraddha Pioneer, Hathijan, AhmedabadLocated near the Radhe Upavan Club in Hathijan, Ahmedabad, Shraddha Pioneer is the latest offering by the JBL Buildcon Co. A modern apartment complex with latest facilities, these new residential apartments have a lot to offer for prospective buyers. With a number of public amenities like schools and healthcare institutions on offer in Hathijan, it is a great place to bring up your children. There are one and two BHK flats available in this project. The one BHK flats come in four different types depending on area – 65 sq yards, 82 sq yards, 89 sq yards and 102 sq yards. The prices are also set according to the area. These flats are priced at Rs 11.05 lakhs, Rs 13.94 lakhs, Rs 15.13 lakhs and Rs 17.34 lakhs respectively. The two BHK flat covers an area of 113 sq yards and can be bought for a reasonable 19.21 lakh rupees. The entire project has been approved by the Punjab National Bank. Possession is set to begin by November 2014.

There are a number of features available for the residents here. 24 hrs water supply and security are provided. Sufficient park space will be provided for each flat. Lush green gardens are present to beautify the colony and make for natural surroundings. There will also be a children’s play area, skating rink and sports courts for health and recreation purposes. It is located at a favourable place, being just five minutes away from the SP Ring Road. The Express Highway is also situated right next the apartments.

November 11, 2013

Retirement Homes in India

The trend of constructing retirement homes is catching up in India as many senior citizens in India are opting to live in retirement homes. Currently, there are around 30 completed retirement homes in India, out of which 7 are in Bangalore, the highest in India. Apart from this, around 30 projects are in the pipeline across India.

Many elderly people now want to spend their life comfortably with not many physical activities and mental stress; that is, with the daily chores such as housekeeping and cooking taken care of. There are many factors that drive retirement homes in India:
  •     The finances of senior citizens are better compared with earlier days
  •     The stigma that was associated with retirement homes is gradually reducing
  •     The joint family system is giving way to nuclear families
  •     The expectancy of life is getting better
  •     The need of companionship of the same age
Types of retirement homes

retirement homes

    Independent living: As the name suggests, independent living is for senior citizens who can take care of themselves. Most of the retirement homes in India provide independent living. Independent living is again divided into three models:
  •     Outright buys
  •     Long lease
  •     Rentals
    Assisted living: This is for those seniors who require physical and medical assistance 24/7. This assistance is provided by non-profit organizations, such as Dignity Foundation in Mumbai and Nightingale in Bangalore.

    Palliative care: For those with incapacitating illnesses

Facilities provided by retirement homes

Medical care: As these projects are specifically customized for seniors, focus is on the medical needs of senior citizens. These medical facilities differ from project to project. Medical facilities include 24/7 ambulance service, 24/7 nurse assistance, out-patient department and physiotherapy services among others. Generally, the developers have a tie-up with hospitals and medical care providers. For example, Tata housing development in Bangalore has a tie up with Apollo Health Care for medical facilities. Athashri, a retirement home by Paranjape Constructions, has a tie-up with three hospitals for medical care of the residents.  

Food: All these retirement homes have a mess facility for an affordable price. The menu is specifically designed for senior citizen’s nutritional needs. Customised food is also provided for residents who have special needs due to their illness. The rates are different in each facility. Athashri Mess charges Rs. 45 per plate, whereas in Ashinan Retirement Home, each plate is Rs. 60 to Rs. 80, depending on the quantity.

Comforts of home: The best advantage is that these homes provide the comfort of a home since they are different from the traditional old age homes. One can enjoy modern amenities and have fun-filled, healthy and adventurous lifestyle in retirement homes.
 
Homes in India

Safety and security: Many of the retirement homes provide round the clock security service. Apart from it, they have the CCTV facility. Also, the people are residing there are provided with intercoms in their rooms to contact while medical emergency or in case of any accident.

Restrictions of Retirement homes
Age: People above the age of 55 years can reside in retirement homes.

Cost: Retirement homes are more costly than a normal residential house. For example, a normal residential project costs Rs. 6000 per square foot, whereas, a retirement home will cost approximately Rs. 7000 to Rs. 8000 per square foot as there is a shortage of retirement homes in India.

What happens mostly is that developers get the annual contract signed by the residents for maintenance, security, medical facilities and food. The annual maintenance cost is approximately between Rs. 15000 to Rs. 50000. Even if a resident does not want specific facilities, he still needs to pay the annual maintenance charges. Electricity, water, food are charged based on annual consumption.

Inheritance and resale: The retirement house can be inherited by other people; however they cannot live there until they reach the eligible age, that is 55 years. In such case, either the home will be shut or can be rented out to another senior citizen. In cases, where the heir wants to sell the property, the new residents should be a senior citizen.
Some of the retirement homes in India
  •     Athashri, Bangalore
  •     Aamoksh One Eighty, Kasauli
  •     Aarogya Kudumbam, Coimbatore
  •     360 Realty, Bangalore
  •     Moksh Homes, Bangalore
  •     Serenade Homes, Bangalore
  •     Quality Homes, Bangalore
  •     Concept Homes Pvt. Ltd., Chennai
  •     Nandhavanam, Chennai
Retirement homes are costly and are for the people who are wealthy or have non-resident Indian children who can afford to buy such properties for their parents in India. Another disadvantage is that if one wants to sell this property, the new residents should only be a senior citizen only; this creates illiquidity problems for real estate agents.

November 8, 2013

An Affordable Haven for Property Seekers

Avadi is a fast growing suburb in Chennai and it comes under the Thiruvallur district. Located about 23 km North West of Chennai, it is a hub for major defence establishments like the Indian Air Force, Indian Army, Heavy Vehicles Factory (HVF), EFA-Engine Factory, Avadi, Combat Vehicles Research and Development Establishment (CVRDE), Central Reserve Police Force(CRPF), Indian Navy, Central Vehicle Depot (CVD), The Ordnance Depot [OD], Unfit Vehicles park (UVP) and the Ordnance Clothing Factory (OCF). The driving force of growing real estate in Avadi is its affordable cost and proximity to the Ambattur industrial estate hub.

Avadi is well connected to Chennai via rail and bus transport services. The nearest railway station is the Avadi railway station which connects the area to the Chennai Suburban Railway Network. There are regular suburban trains from Avadi to Tiruthani, Chennai Beach, Arakonam, Chennai Central and Thiruvallur.
Property Seekers
In addition, a few express trains travelling down south make a halt at Avadi. The Avadi bus terminus is just a few minutes’ walk from the Railway Station where buses travel to various destinations like Tambaram, Broadway, Thiruvanmiyur, Anna Square, Vivekananda illam, Mandaveli, Poonamallee, CMBT, Thiruvallur, Periyapalayam, and Arani. The surrounding area includes Ambattur, Korattur, Puzhal and Surapet. The main road that connects the city to Avadi is the Kovilpathagai Main Road.
Residents of this locality have access to reputed schools, colleges, hospitals and banks which is the main reason for increased demand for flats in Avadi. Popular schools in this area are Nazareth Matriculation Higher Secondary School, R.C.M Higher Secondary School, Vijayanta Higher Secondary School (V.H.SS), Vijayanta Model Higher Secondary school, Kendriya Vidyalayas, St.Antony's Middle School, Jaigopal Garodia Vivekananda Vidyalaya, VGN Chinmaya Vidyalaya, G.K Shetty Vivekananda Vidyalaya (K.Nagar). Leading colleges like Vel Tech Dr.RR snd Dr. SR Technical University, St. Peters Engineering College, Vel Tech Engineering College, Vel Hightech Engineering College, Vel Multitech Engineering College, Aalim Muhammed Salegh Group of Educational Institutions, Nazareth College of Arts & Science, St. Peters Arts and Science College, S.A Engineering College, Mahalakshmi Women's Arts and Science College, Nazareth College of Education for Women etc. One can find hospitals like the Police Hospital, Heavy Vehicles Factory Hospital and CRPF Hospital which cater to the requirements of employees working in defence establishments.
Since this locality is populated by defence establishments, the population comprises mainly  military officials and middle class people who look for residential apartments in Avadi. The population residing in this suburb is mainly end users, as the Avadi real estate sector is more affordable when compared to its neighbor Ambattur.
 plots for sale in Avadi
Realizing the potential of the suburb, builders in Avadi are coming up with a variety of projects to cater to the needs of various segments. One can find residential plots, lands, independent houses and flats coming up in this locality. Some ongoing projects in Avadi are Elite Ester, Elite Nest and Elite Pearl by Elite Homes, Twin Paradise by AJS Promoters, Asvini NRD Towers by Asvini Foundation, Retreat by Sumanth and Co. Builders like Asvini and Sumanth provide luxurious apartments with innovative amenities like a senior citizen’s nook, basketball ground, lawn party areas, 24/7 power backup and outdoor fitness zones among others.
The average price of residential plots for sale in Avadi is Rs 10,000 per square yard and flats for sale in Avadi can cost around Rs 2948 per square feet.
A good time to invest in flats or plots in Avadi is now, as the prices are affordable and all amenities required can be found in Avadi.

November 6, 2013

Industrial Estate Giving Rise to Suburb Called Thirumullaivoyal

Real Estate in ThirumullaivoyalChennai is increasingly getting popular with major real estate development; in the last few years joining this brigade is the temple town Thirumullaivoyal. Located on the west part of Chennai, this locality is surrounded by Avadi to its west, Red Hills Lake and Puzhal Lake to its north and Ambattur to its south and Oragadam to the east. Proximity to Ambattur and Avadi has made it a most sought out residential neighborhood, which provides the residents, both the amenities of a busy suburb and also as a calm and quiet place with beautiful temples to wind off on a stressful day. This beautiful suburb invites investors to purchase plots in Thirumullaivoyal.

Thirumullaivoyal is well connected by both railways and roadways to other parts of Chennai and the Chennai Metropolitan Area. The nearest railway station is Thirumullaivoyal railway station that connects residents to various parts of Chennai as well as with Bengaluru, Arakonam, southern parts of Tamilnadu, and to Kerala and Karnataka. Most of the MTC buses operate from Avadi to Tambaram via Thirumullaivoyal.

This locality is populated with well known temples. The most famous temples of this locality include the Pachai Amman Koil, Masalimaneeswarar Sivan Koil and Sholingakeswarar Sivan Koil.
Though, being a temple town, this place has no shortage of schools and colleges. There are Ebenezer Modern Matriculation School, Rangawamy Matriculation Higher Secondary School, Sri Venkateshwara Matriculation Higher Secondary School, Kalaimagal Matriculation Higher Secondary School, Salvation Matriculation Higher Secondary School, St. Michael's Polytechnic College, Vel Tech Polytechnic College and Bhajarang Engineering College. Hospitals like Sri Sai Specialty Hospital, Government Hospital and Cherish Hospital are housed in this locality. Good Connectivity to industrial hub, schools and colleges are the boon to this area and is encouraging people to migrate to this peaceful land by purchasing apartments in Thirumullaivoyal.

Real Estate in Thirumullaivoyal

Real Estate in Thirumullaivoyal
The real estate revolution here started in 2006 which changed the complete picture of this locality. Basically, an agricultural locality, after the inception of industrial estate in Ambattur, this area was more in demand for residential purpose. Workforce working in Ambattur started to migrate here to be in the proximity to workplace, thus the demand for residential flats in Thirumullaivoyal. Witnessing the demand, a host of independent houses, flats / Apartment are been constructed here. Also, there is demand for residential houses for sale in Thirumullaivoyal. Few of the renowned builders in Thirumullaivoyal are Abhi Arthi Builders and Uma Builders among others. Some of the ongoing projects in this locality are: Zam the Address by Zam Zam Builders, Sunrise Apartments by MR Foundation and Acrospire by ICIPL, Vtech Venus Garden by Vtech Builders, RC Woodside by Rajarathnam Constructions, Crest Castle by Oyester Homes and SBA Taraka by SBA Associates.
The price has been steady for past three months. The average price for flats in Thirumullaivoyal is approximately Rs. 3400 per square feet. The land for sale in Thirumullaivoyal may cost Rs.300 per square feet.

The area enjoys a clean and calm environment, and also the proximity to important centers of the city and beyond adds advantage to this locality. Due to this, the price appreciation of this locality in the near future might be very good.

Noida-Greater Noida Expressway – One of the Most Happening Place in the Country

Noida-Greater Noida ExpresswayThe Noida-Greater Noida Expressway which is a 6-lane highway linking Noida with Greater Noida, is a fast developing region with both social and commercial infrastructure facilities being built rapidly. This wonderful expressway further links to Yamuna Expressway, which is why several builders and developers feel that this zone holds tremendous potential for residential and commercial realty growth and are queuing up to develop quality projects along this stretch. There are great expectations that end users and investors will find this region appealing, as it boasts of first-rate social infrastructure facilities and is expected to yield good appreciation in the coming five years.

A number of developing and developed Sectors like 94, 95, 96, 97, 100, 107, 110, 124, 128, 137, 142, 143, 149, 150 and 168 are all part of Noida-Greater Noida Expressway. These sectors offer a range of choices in budget, mid-segment and luxury housing projects accompanying top class facilities and latest technological features. Some of the first-rate affordable as well as high end residential projects developed in this expressway and sprinkled across various sectors are Jaypee Greens Orchard, Jaypee Greens Kingswood Oriental, Jaypee Casablanca, Supertech Supernova, Victory Ace, Paras Tierea, ATS Pristine, Paras, Lotus Boulevard, Paramount Floraville, Kensington Boulevard, Gulshan Ikebana and Antriksh Golf City. Prominent realty developer Jaypee Group in fact has large parcels of land in the Yamuna Expressway belt that links to Noida-Greater Noida Expressway, on which it expects to develop gated communities with self-contained townships, holiday homes with world-class amenities for investment purpose.

Greater Noida Expressway

In addition to some of the high-end and premium apartments, a number of social infrastructure developments including educational institutions, hospitals, supermarkets, shopping malls, 5-star hotels, ATMs and other commercial centres are expected to develop along the stretch while improving the overall quality of living of people moving in. Planned underpasses, flyovers, city roads and metro line are physical infrastructure developments that are further going to encourage people to come and invest here while improving transportation and travelling.

Though most of the residential realty projects are high-end ventures involving high investment, there are also a number of projects targeted at middle income group on around 3 to 5 km belt along this expressway. Some of the prominent premium and high-end projects that are being developed along this belt include ‘Unitech Grande’ and ‘Unitech Cascades’ by Unitech, ‘Supernova’ by Supertech and ‘The NRI City’ and ‘The Forest’ by Omaxe Group. Besides these, some other premium residential projects include Heartbeat City and Sapphire by Amrapali, ATS Green, Vivante by Gulshan Homz, Eco City and Emerald Court by Supertech, Prateek Laurel and Prateek Wisteria by Prateek Group and Daffodils by Ajnara. A number of already developed realty projects in this belt have not only been lapped up by investors but have also witnessed good appreciation in the last two years.

Nearly all developers having their projects along the Noida-Greater Noida Expressway are quite optimistic about the future of this expressway. They feel that seamless connectivity, close proximity with Delhi and top-rate infrastructure will play an important role in making this expressway a prime and costly real estate destination in the coming two to three years. The basic property price along this expressway is Rs. 4700 per sq. ft. and above, depending on the exact location, type of realty project, size and amenities offered by the developer, etc. With exclusive plans being proposed to improve basic amenities by installing power generation unit, sewage treatment plants and more road network and land being allotted for green projects, the area is most likely to be the top property destinations in the country.