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Head line Real estate Market Trend 2013 – Property in Noida Introduction The year 2012 saw many ups and downs in the market. Due to the substantial increase in circle rates of Noida properties, there was a slowdown in the market. The year 2012 saw many ups and downs in the market. Due to the substantial increase in circle rates of Noida properties, there was a slowdown in the market. But now, 2013 is expected to bring a fast trailing effect once again due to lucrative budget from the Fin Min., offering tax deduction of additional Rs. 1 lacs for loan value > Rs.25 Lacs. But the conditionally offered here is that the value of property should be <40 Lacs. Moreover for those who are actually waiting for the budget to start a big term investment, here is a bad news for them. Properties Valued > 1 Cr., need be paid extra service charge than before. Current Demand Noida and Noida extension have been supplying to the varied demands of buyers. The configurations available here includes •

Residential Flats

Studio apartments

Villas/Kothis/ Bungalows


Plots

Commercial office space

Retail Space

Industrial Space (preferably in SEZs)

Institutional Land (Greater Noida)

Agricultural land

Farmland According to the stats from Leading property dealers, the number of queries received was for residential flats in Noida extension where nearly 10,000 flats are available in the budget range starting from just Rs. 25lacs. Other than this it is expected by the fall of second quarter of 2013, the property prices are going to surge higher. Since the circle rates again are going to be revised in April, all the buyers and Investors investing in independent houses and Builders floors will have to fledge extra money out of their pocket. This increase in Circle rates is all dedicated to appreciation of compensation to the farmers according to land acquisition bill. Since 50% of the total real estate offering are in the range of Rs. 25 Lacs to Rs. 50 lacs, nearly 70% property buyers will be benefiting from the tax deduction scheme. Effects of demography on real estate buying Since Noida is a growing hub of leading IT/ITES companies, the average age of mass population is 27years. Younger investors are looking for luxury based affordable housing options which includes studio apartments in Noida, which are easily available in budget of Rs. 40 – 50 lacs. Other than this, for those who are looking for family configuration, 1/2/3BHK flats are the favorite commodity for them. In case of commercial properties, office suites for growing business groups are available at cheap rentals in Noida. Since Gurgaon is quite expensive, companies with little operational cost prefers Noida for their headquaters. Conclusion Not just the Noida, but other regions of NCR, including Gurgaon, Ghaziabad are becoming more preferable for home buyers. According to one of the most prominent property dealers in Gurgaon, the NCR has been bifurcated into two regions, on one hand where you have Noida and Greater Noida, offering affordable housing and business options, on the other its Gurgaon, where the luxury and lavishness is being demanded at more par than ever before. This is a good sign in the real estate industry where different sectors are evolving in a different fashion of Investment and buying.


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Real estate Market Trend 2013 – Property in Noida  

The year 2012 saw many ups and downs in the market. Due to the substantial increase in circle rates of Noida properties, there was a slowdo...

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