Aesthetically Designed Gaur City in Noida Extension

Current real estate scenario in Noida Extension has been fully changed because of massive migration of people towards this city and infrastructural development. People living in the capital city of India and coming in this part of country mostly prefer Noida Extension for their residential need. This city has more benefits than other parts of NCR in terms of peace, pollution and natural amenities. Real Estate Noida Extension has gained tremendous boom in last few years. This city has very good geographical location also which helps this location to get more attraction. Noida Extension is surrounded by two of the expressway, FNG Expressway and Noida Greater Noida Link Road. Both of these provide good class of connectivity to this location. Having so many advantages, this city has got good class of attraction of realty developers and many of world class reputed developers are working on their projects in this city. A survey shows that more than 4 lacs of projects are running in Noida (New Okhla Industrial Development Area) and 40% of it is developed in only Noida Extension. This survey is showing that how fast real estate market of Noida Extension is growing and how much this important is this location for realty development.

Not only the number of realty developers is increasing in this city but also demand of Residential Property in Noida Extension is increasing. This location was in the eyes of realty developers from before and after the proposal of Metro Connectivity in this city, Noida Extension became high demanding place on NCR. Among this massive development of the city, one most reputed name in Indian real estate market, Gaursons India is also available with its residential project. Gaur City 7th Avenue is the name of newly launched newly innovated residential project in Noida Extension. This project has been strategically planned on the most beautiful and convenient location which has cricket ground and swimming pool at front.

This marvelous residential project is a part of Gaur City 1. Gaur City 7th Avenue is offering highly designed 2 BHK, 3 BHK and 4 BHK apartments. These have been designed by world’s most reputed architecture and they have given it world class view and design. Each part of the project as well as apartments has been purely designed according to the rules of vaastu and these apartments have been facilitated with world class daily life amenities and facilities.

Read more »

The real estate market at Kundli in Haryana's Sonipat district holds great potential

The real estate market at Kundli in Haryana's Sonipat district holds great potential, thanks to several ongoing and proposed development projects in the region. These include the Kundli-Manesar-Palwal (KMP) Expressway, the Rs 5,000-crore Rajiv Gandhi Education City at Sonipat, the 100-metre-wide road from the IGI Airport to Narela, improved rail connectivity (Kundli is to have a metro stop as part of a rapid rail transport system), a proposed logistic park, and a textile park.

The premier developer in the Kundli region is the TDI Group. with the 1,250-acre land bank. Others include Parsvnath Developers, Maxheights Dreams Homes, Ansal Properties, Omaxe, Parker Group, Raheja Malls, Eldeco County, Anant Raj, Tulip Infrastructure, Collage Group, Eros Group, AJS Builders, Divine Group, Big Jos, Shree Vardhman and Jindal Greens.

Investment potential

The Kundli-Sonipat belt offers moderate-to-good returns on investment in absolute terms. However, the return on investment (RoI) on real estate is lower than elsewhere in the national capital region (NCR) such as Noida and Gurgaon. The average plot price is a little more than Rs 25,000 a sq yard - a huge jump from Rs 5,000 a sq yard, which the region commanded a few years ago when the projects were first launched.

There has been 30-40 per cent appreciation in apartment rates since 2007-08, implying the annual property appreciation rate has been in the range of 6-10 per cent on an average. During the same period, property rates in Noida and Gurgaon have more than doubled. The current rates for commercial property are upwards of Rs 8,000 a sq ft and are likely to maintain growth, albeit at a slow pace.

The flip side

Despite the initial euphoria, many of the infrastructure projects of the Kundli-Sonipat region have witnessed extremely slow progress. Due to the delay in the KMP Expressway, the property market in the region has not taken off with the initially anticipated speed. The region lacks critical mass in terms of population, and is yet to emerge as a preferred office destination for IT/ITeS organisations. The occupancy level in the existing projects is just around 25 per cent.

Signs of basic infrastructure such as schools and hospitals are yet to make a mark in the region. The affordability tag is gradually losing relevance, though the price points at Kundli are still lower, compared to other areas in the NCR.

Outlook

This region has great potential thanks to its proximity to North Delhi and the Delhi borders. Investors with constrained budgets can still explore Kundli. If the proposed infrastructure and development initiatives go on stream, Kundli can get into higher gear. Investors should maintain an investment of property horizon of three-five years to realise a decent RoI.

Read more »