April 29, 2015

Is Noida-Greater Noida, Real Estate Market Up With New Infra-Projects?

The Noida-Greater Noida, real estate sector is still moving in a downward direction for quite some time now. However, with the announcement  by the YEIDA (Yamuna Expressway Industrial Development Authority) board regarding the new infrastructure projects in the pipeline, the sector can hope for some betterment.

Real Estate Market Up With New Infra-Projects

As reported in the media, YEIDA board has recently allocated an approximate budget of Rs 7,580 crore for a multi-modal transportation system, as well as for a master plan catering to important services which includes water, drainage, sewage and electrification.

Needless to say that, these infrastructure project plans will definitely attract immense attention of the buyers and investors. If all these infrastructure projects take place as per the plan by YEIDA, then Noida-Greater Noida can be seen gaining its momentum (as earlier) in terms of property sales. There will be more new projects and new flats for sale in Noida and also there will be an increase in resale properties in Noida and Greater Noida region. 

In addition, to the infrastructure developments, the authority has also allotted separate areas for built-up shops, eight petrol pumps, commercial plots at Sector 22A along with plots for group housing and poultry an dairy.

These slew of upcoming infrastructure plans for Noida-Greater Noida, might be proved as a good sign or the right time for the investors and buyers to buy or invest in properties in Noida. Now the question arises why this can be a good opportunity for the investors? For the simple reason the project backed with proper and developed infrastructure is always a step ahead of the others, due to the advantages it offers.

Moreover, a good investment is that one which is backed with a proper infrastructure development, as in return that investment offers higher appreciation and provides a comfortable and relaxed lifestyle. For instance, the regions around Delhi Metro has experienced lots of development along with the metro line and have also witnessed an increase in property prices in a higher margin.
On the same note once the extending metro line for Greater Noida will be completed, it will further increase the rates of property for sale in Noida and the region around it, while attracting more investors and buyers.