Project Sales Increase in the Upcoming Projects of India Said Reputed Builders.

by Vicky Kaushal Digital Marketer

Real estate builder is planning to start additional properties in Noida and other cities, launching in 2022. The new and old projects are gaining huge growth in the real estate sector.

Similarly, a few amazing properties around Noida International Airport in Jewar after the foundation stone laying ceremony by PM Narendra Modi have provided a fresh impetus to the local realty market.

Covid has impacted the whole nation worldwide. One such excellent project in Noida is ATS Kingston Heath Noida.

Be it any business or job. This pandemic has taken all. But it doesn't affect the Real Estate industry as due to this pandemic, people have realized the importance of houses. It was the four walls of the house that protected the people from the pandemic.

Moreover, with this people realise the priority and importance of investing in the Real Estate industry.

Furthermore, a Few properties that are listed to be the best selling by astonishing builders projects in India are DLF One Midtown Moti Nagar, Smart World Orchard Gurgaon, ATS Pious Orchards and Smart World Gems Gurgaon.

Nevertheless, the consequences faced by the new variation of Covid-19, brokerage firms affirm that residential demand in the micro-markets surrounding the planned airport has accelerated. It is also approaching 2020 levels. Due to covid, many builders offer huge discounts on their projects. Likewise, Godrej Sky Greens offers a great discount to its residents.

What CEO of India Sotheby’s International Realty, Mr Amit Goyal wants to talk about the rapid growth of Real Estate.

He said, "An overwhelming 67% of respondents said they would look to buy luxury residnetia; real estate in 2022. On the key motivation to buy another property, 46% of the respondents said, the biggest reason for them to buy property in the pandemic years was a lifestyle upgrade. Similarly, About 31% of HNI’s also said the biggest motivation to buy real estate in the last 18 months was “a good investment opportunity”, reflecting the emergence of bullish outlook that HNIs have on luxury real estate and their expectation of home prices to rise”.

The Yamuna expressway has recently been a popular location for mid-segment home buyers as a result of the state government's enormous infrastructural programme.

The projects like Birla Niyaara and Smart World Orchard have also gained popularity within the real estate market along with Yamuna Expressway.

These projects give the best residential living experience with luxury and comforts. The mesmerizing amenities come along with the brand name.

So, Buying or investing in a brand increases your home value in the coming future. In the same way, the impending Jewar airport, as well as the rate at which it is being constructed, has had a considerable impact on regional demand.

Comment by Mr Manoj Gaur, CMD, Gaurs Group and Vice-President, North, CREDAI National.

"In the last three years, demand has more than doubled. Furthermore, following the pandemic, the need for better air quality and less populated regions has increased dramatically, as evidenced by the enormous green spaces available along the Yamuna expressway”.

Property consultants or builders say that prices of upcoming projects, units in the projects, apartments in the project and land on the Yamuna Expressway will depend on the overall market sentiment. This shows how things shape up in the near future.

With the intended Delhi-Mumbai Industrial Corridor, Eastern & Western Freight Corridors, Integrated Industrial Townships, Logistic & Transport Hubs, and the proposed Film City, the region has a lot of room to grow.

Thus, India was flourishing even in the pandemic as there is a rapid increase in Properties in India.

Furthermore, Microsoft, for example, has already begun work on establishing a technological hub in Greater Noida.

In addition, Mr RK Arora, the chairman of Supertech said- "There have been increased inquiries and bookings in the real estate sector after the announcement of the start of work at the international airport. People have started to realise the benefits of investing in real estate properties before the demand and prices go up. Investors need to buy properties with a long-term prospective of 8–10 years”.

This increased price of the properties provides a benefit to both investors and buyers. Buying a property has given numerous benefits to the dwellers as with the covid, everything has come to the internet. It is a great opportunity for the residents to look at the project from the comfort of their homes.

Overall, end-users or home buyers seeking capital appreciation are the region's primary customers, and their numbers are growing by the day.

Further, The Godrej group is currently working on two commercial projects both of which are attracting a lot of interest from property purchasers. The projects are Godrej Park Retreat Sarjapur Road in Bangalore and Godrej Riviera Kalyan, in Mumbai. There are also many more projects in Noida by well-known developers that homebuyers should add to their list.

Moreover, the Executive Director, eXp India, ShashankVashishtha remarks:

"An affordable investment in this area is sure to attract the attention of the service class and professionals. The micro-market of Yamuna Expressway is fast emerging as a go-to real estate destination suited for long-term investors and end-users alike".

So, there are numerous land parcels available in the neighbourhood, as well as existing infrastructure, providing real estate developers and investors with numerous chances to create projects in the area.

Also, The Yamuna Expressway Industrial Development Authority (YEIDA) has recently announced a housing development that includes 416 plots. With that, there is another amazing project by ATS home kraft is ATS Pious Orchard. A project that offers luxury in the area.

To conclude,

Despite the setback caused by the new Covid-19 variant. As a result, there are numerous land parcels as well as the existing infrastructure available in the area, offering real estate developers and investors numerous opportunities to develop projects in the area.

In the same way, the demand for top residential projects has been increasing in the micro-markets, especially if they have a surrounding of the airport or connectivity to the prime areas. Thus, the residents should give priority to the best residential projects only.

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