Noida: Realty Market All Set to Boom

Noida is all set the balls rolling for real estate sector in 2015. with the allocation of more funds for affordable housing, easing of FDI norms, implementation of REIT and special focus on the infrastructure development has increased the buoyancy of the real estate market of the city. As the government has made it clear that in order to push the economic growth, a special focus on infrastructure and real estate is pivotal. The real estate market in NCR is going to witness considerable forward momentum. Noida has more options than any other cities in NCR in terms of inventory. As the city is continuously expending and growing this has opened opportunities for further growth in real estate.

As Noida has a mature real estate market with different set of buyers and investors, the city has an higher return potential. With the changing trend of property market Noida has witnessed a significant growth and with the growing demand of properties, various recent announcement and infrastructure uplifts of the city have made Noida's Real estate increasingly attractive. According to the new master plan many new developments have been proposed in Noida and its suburbs regions like Noida Extension, Greater Noida and Yamuna Expressway. The new master plan of 2031 has a lot of scope for residential infrastructure and commercial development in the city. Under which developers are coming up with many new launch residential projects in Noida Expressway.

Noida has emerged as one of the most opulent destination for buyers and investors over past few years. Due to its proximity to Delhi, superb connectivity to all the major parts of the city, huge settlement of companies and affordability of projects has made it a hot spot destination for world wide people. Be it commercial or residential sector the city is developed in a well planned way and efficiently fulfills the needs and desire of the people.

Due to price lowering factor investors find Noida a lucrative option of investment and the property market of Noida promises better appreciation and return on investment. With the 'tax pass through' status for Real Estate Investment Trust(REIT) commercial real estate is to be the next big thing in 2015. REITs will act as the investment vehicle between investors and developers. As the demand for the commercial property has accelerated significantly many new launch commercial projects in Noida Expressway have been launched by developers that offers good ROI's on long run.

Under the master plan of 2031 a number of projects for widening roads with elevated structure, underpasses, flyovers, greenery environment, high rise buildings, luxury hotels, metro link and road linkages are proposed. Around 70 developers has come up with a slew of new projects in the city to cater the growing demand of property. Many under construction projects in Noida Expressway are in the verge of completion and ready for possession. Keeping in mind the availability of land compared to the rising demand of housing, Noida is planning to increase the floor area ratio. With the development of proposed metro station from Noida to Greater Noida and Noida Extension the realty market of the area is likely to boost in the coming years.

With good infrastructure, metro connectivity and good road network, real estate development in Noida extension is picking up rapidly. The upcoming major project development is likely to push the economy of the region, consequently giving a further boost to the real estate development. Experts believe that with the large scale development under new master plan will attract number of residential as well as commercial real estate investors.