A guided tour

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} Noida has a slew of residential real estateoptions in a variety of budgets, finds Brix Research      Buying a home in Noida just goteasier. The authority has released a large stretch of land along the expresswayfor development, and in the last one year, the number of developers offeringhomes in various price ranges in the city has multiplied. The advent of Metroline also triggered a rise in rental off take as well as demand for propertiesin sectors along the Metro corridor. The top localities for residential housing according to magicbricks . com  sitedata include Sector 71, Sector 15, Sector 46, Sector 93A, ATS Paradise, Sector 30, Golf Course, Sector 15 Aand Sector 62. Residential properties in these localities cost between Rs 10lakh and Rs 90 lakh. Multistoreyapartments are in demand in these sectors. According to the estimate ofmagicbricks.com, end users are looking for multistorey apartments in the rangeof Rs 10 lakh to Rs 40 lakh with a covered area of about 700 sq ft. Demand forapartments are also significant in Sectors 15, 46, 93A, 62, 30 and along theGolf Course. The average demand is for 2BHK and 3BHK apartments of 700-1,800 sqft in the price ranges of Rs 60 lakh to Rs 90 lakh. A small demand also existsfor 1BHK apartments. However, distance from the Metro line is a primeconsideration among buyers. The magicbricks.com analysis of supply data showsthat localities with maximum supply over the last quarter were Sectors 46, 93,50, 61, 71, 93, 97, 122 and along the Taj Expressway. Residential houses are also a popularcategory with Sectors 11, 15A, 46, 50, 93, 37 and 39 topping the charts inconsumer demand. Supply of residential houses exists in Sectors 31, 37, 41, 44,46, 50 and 93. Practically all categories are now on offer in Noida. Being awell-established residential area, it has plotted development spread across thecity. These are now being purchased for rebuilding by new buyers. Infrastructurein older sectors is well developed and connectivity to Delhi is good. However, apartments are innewer sectors, which are farther away and lack good transport facilities. Whatthey lack in transport, they make up in lifestyle features within complexeswith gyms and swimming pools often available.     To cater to this burgeoning demand, Magicbricks.com,the country's Number 1 portal on realestate promoted by the Times Group, has launched the Noida Property Guide,a handy booklet for consumers to refer to when making their property decisions.     Some of the leading developers in the city includeUnitech with Unihomes in Sector 117, Amrapali and Prateek in Sector 120, Jaypeein Sector 134 along the Greater Noida Expressway. Omaxe and 3C have alsolaunched residential projects in the city.     Brijesh Bhanote, senior vice-president (sales andmarketing) of 3C Company, says: "Backed by superb infrastructure andconnectivity to NCR , and with theadded incentive of a Metro line, Noida is emerging as a lucrative market forrealty sector. The area will maintain its steady growth in near future. Theproject takeoff in the last six months is commendable as developers havelaunched a number of projects in this area, giving a boost to property market.In addition, market forces have softened prices and made them extremelycompetitive. This has underscored the fact that Noida has gained interest ofbuyers, where a majority of buyers are end users. Our project, Lotus Boulevard ,which is India 'slargest green residential estate that we launched a few months ago, has seenalmost 90% sales. We believe these factors will provide stability to realestate market in Noida. While residential sector is picking up fast, commercialsector in is yet to make a similar mark."     Omaxe group maintains that Noida, due to its proximityto Delhi , hasdeveloped into a land of real estate opportunities. The 23-km express highwaybetween Noida and Greater Noida has led to high end user demand in Noida's real estatemarket . The main attractions here are integrated developments, smooth andwide roads, well-developed land, clean and safe drinking water, good telephony.While business environment is expanding in Noida, housing segment in the cityalso maintains a similar trend.     Omaxe's projects in Noida:     Omaxe GrandWoods is spread over nearly 23 acres, with325 acres of lush green forested area around it. Situated along Noidaexpressway, Omaxe GrandWoods has over 1,243 elegant apartments. There areoptions ranging from 2bedrooms, 3bedrooms to 3 bedroom + servant quarters andthe size ranges from 1,110 sq ft to 1,900 sq ft, with huge sit-out balconiesand quality fittings. Construction is in full swing and possession will beoffered soon.     Recently, Omaxe also launched Omaxe Grand Towers within the samecomplex. On offer are 3BHK in a super-area of 1,640 sq ft, complete with allbasic facilities and amenities.     With more options, better facilities and easyaccessibility, Noida has potential to become a residential real estate destination.However, unlike its competitor in NCR — Gurgaon — it has fewer commercial options. But with new integrateddevelopments taking place, Noida can be planned for holistic growth.     To aid consumers in the buying process, magicbricks.comhas come up with the first statistics based property guide targeting thespecialized need of consumers.   Courtesy:- Times Property dtd:- 06-02-2009   More information: about Real Estate,Real Estate india,property,   http://www.zameen-zaidad.com/ http://www.propertycafeteria.com/  

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