Property in Greater Noida is one
of the best next choices given to its location because of excellent
connectivity, pollution free environments and the great potential for
developments. To begin with, The attention of Property Builders has directed to
Noida and greater Noida location looking for the other beneficial choices in
order to get long term benefits and help furnish to the excellent arrival of
population in the region because of the Real Estate Property Prices in the city
have skyrocketed.
Having been a commercial and
educational center, Greater Noida is also going to become a place for tourism
entertainment like night zoological park which will be fourth biggest park in
the world after Singapore, China and Thailand. A silent Train will be available
to run across the park to enjoy seeing nocturnal animals in the zoological park
for visitors. So, Greater Noida will become the biggest infrastructural growth
in the upcoming years. Universities like Noida International University, Gautam
Buddha University, etc. have already set up their camps in Greater Noida.
As the tourist attractions going
live, The Investment in Real Estate Property in Greater Noida assures best
returns in the upcoming years. Greater Noida is being planned to be a big place
to work and live because the demand of the property should be good in the long
run. The modern infrastructural development like an international airport
assures an increase in Prices of Real Estate Property in Greater Noida.
Actually, Investors and the real
estate players are set to reap advantages with the Yamuna Expressway. Over
100,000 Flats is being brought by various Real Estate Players in the region.
The Growth of Real Estate in Greater Noida and Yamuna Expressway went bust.
Rs.4, 000 Crore to Rs.5, 000 Crore is being invested by Property Developers in
the region. The Real Estate Property in Greater Noida, Noida and Yamuna
Expressway have gotten expensive. The revised rates will come into effect soon.
With the operation of the new
residence policy, when the lands will be available for freehold then those
people who have purchased or are willing to purchase apartments, flats or plots
from the developers or the authorities could be the owners.
In accordance with the urban
policy, there will be available two types of land ownership that is Freehold
and Lease Hold. Freehold property, ownership is for the continuity where as in
leasehold it is for specified duration which can range between thirty years and
a hundred years in General.
In Delhi, up to 2008 collected
land of the 82, 948.84 acres in which 75, 609.84 acres of land has been
assigned to residential, commercial, institutional, industrial, green areas and
infrastructure properties.
First, the entire of the land was
given to end users on lease, with the authorities been paying ground rent but
all these are being transformed into free hold. As the authorities are
encountering an uphill job in understanding the deals with thousands of cases
unsettled in the government departments. So the DDA determined that except
institutional and commercial land, maximum of the land should be freehold.
It is highly likely that the
residence policy from lease to free hold will also be transformed into the
other NCR cities such as Faridabad, Gurgaon and Ghaziabad. The Uttar Pradesh
government has followed this experience and determined to follow.
Influence of the proposed land ownership policy:
A single buyers, also developers
are not the confirmed owner of the real
estate property on which they have invested a lot of money in establishing
buildings and growing physical infrastructure such as roads and sewerage.
According to the actual lease policy, apartments and plots are sublet by the
authorities to users. From the documents provided by development authorities in
Noida, almost Ten thousand hectares already developed of an absolute of 20,316
hectares.
In accordance with the master
plan of Yamuna Expressway Authority, The rest area will be constructed in the
next phase. 50, 000 hectares are being constructed in phase 1 of all over of 2,
30, 000 hectares for the residential and commercial intentions.
In Property in Greater Noida,
forty nine and seven percent out of thirty six thousand hectares have been
constructed for Residential, Commercial and Industrial development. In the next
three years, nearly 2.5 lakh new houses will be constructed along the
expressway and adjacent to Noida Extension according to the master plan 2031 of
the Noida Authority. Whereas almost 1.5 lakh houses are being developed
alongside the expressway under group housing properties. The rest 1.5 lakh houses
have been proposed near Noida extension.
After once land ownership
proceeding, many property buyers, builders and also the development authority
will be in benefits.
See also some similar
projects in Noida Lotus
Sports City | Ace Golfshire
As an investor, however, you need
to have all the facts straight before investing in Noida. And GlobalNCR.com may
be the knowledge powerhouse you may be looking for. Look for more articles or
contact GlobalNCR.com to know the best Sell, Buy, Rent, Commercial &
Residential Properties in India for property investment.
Property Investments in Noida
attract investors from every corner of the globe. But when it comes to
investing, knowledge is power. And, only GlobalNCR.com gives you the knowledge
and confidence to make the right investment decisions in India. GlobalNCR.com
is an independent real estate advisor with a pan-India presence. We aspire to
be your first port of call if you want to buy a residential Property in Greater
Noida.
