Noida is the largest planned industrial
city in Asia. Hence, the city boasts of massive demands for residential,
commercial and retail units. The boom in the Noida realty market attracts large
number of potential investors who are all set to receive huge returns. So, if
you are planning to invest in realty market, follow the Noida property news.
Update yourself with the Noida
property news on daily basis. This would help you to get an idea of the expanse
of the market and potential of earning profits. You would be aware of the hot
projects and the prevalent price trends. The following are some Noida property
news updates.
Noida Property News (May 2010)
IHDP Global Pvt. Ltd. has
invested $25 million for setting up of an International Home Deco Park in Noida
in order to facilitate trade in home decor products. The buyers and sellers
would get a common platform to interact and improve trade. The park would be
providing textiles, natural fibers, handicrafts and rugs from all across the
country.
The world renowned Unitech has
invested Rs 5,500 crore on a luxurious residential project in Noida. The
project would feature all plush amenities that include a golf course, a sports
complex a 200 bed hospital, clubs and convention centre. Over the next seven to
eight years, the builder is expecting to earn revenue of Rs 15,000 crore.
After the hike of the circle
rates in Greater Noida by 42 %, the circle rates of land sold for residential
purposes in Noida have also been increased by 60 % to 80 %. The residential
lands in Noida are divided into three categories. The price of category a
including sectors 14A, 15A, 17 and 44 has gone up to Rs 38,000 per square
metre, while prices have risen up to Rs 27,800 for category B and Rs 16,750 for
sector C. The rate of the institutional areas belonging to subcategory 1
including sector 1, 16 and 24 has increased to Rs 18,000 per square metre while
for the sub category 2 and 3, the price has been raised to Rs 6,000 square
metre.
The Noida property market is
indeed recording high growth rate. Hence, as an investor you are advised to
keep an eye on the current happenings taking place in the Noida real
estate scenario. Keep yourself abreast with the latest progress in all
sectors encircling estate development, housing construction, property
transaction and development in infrastructure.
