Noida-Greater Noida On one hand, there is an atmosphere of happiness among home buyers due to the opening of the registration of flats. On the other hand, new buyers have also got a shock. Actually, there has been a big jump in the price due to the opening of the registration of flats. Due to this, many buyers are now unable to buy their flat even if they want to. Property experts believe that the price of property has taken a different path as soon as the pending registration has opened. A builder is selling the registered flats by increasing the price by an average of 30-40% as such units are now almost a few left. Home buyers also want to buy only registered flats to avoid problems in the future. Be it Noida or Greater Noida or Greater Noida West, in some sectors the property rates have become expensive by almost 2 to 3 times within just 1 year.
The initiative of the authority led to the
Dinesh Gupta, Secretary, CREDAI Western UP According to the acceptance of Amitabh Kant Committee’s recommendations by the authority, about 95% of the problems have been resolved. About 90% of the builders have deposited 25% of the money and registrations are being done in a phased manner which will act as a booster for the realty sector. The property market completely works like a chain of demand-supply. Home buyers are now more aware than before and are giving preference to houses with registration along with possession. Therefore, the demand for registered properties is increasing. Its effect is also visible on the price. The price is increasing rapidly.
12,000 flats will be registered in Noida
It is worth mentioning that after accepting the recommendations of Amitabh Kant Committee, the way has been opened for 12,000 registrations in Noida in different projects of promoters in Gautam Budh Nagar, in which 1200 registrations have been done. On the other hand, if we talk about Greater Noida, the authority has given permission for more than 50,000 registrations, which has started about 14,000 registrations. Now registered houses with ready to move have become a new benchmark, which makes the investment safe.
There will be more momentum after June 4
Rakesh Yadav, CMD, Antriksh India He said that if a strong government is formed at the center once again on June 4, then the property market will see a better growth. This is because having a strong government will not bring a big change in policies, there will be no reduction in spending on infrastructure. This will strengthen the economy, which will create job opportunities. This will increase the confidence of job seekers. The property market will benefit from the overall scenario being better. In such a situation, I believe that after June 4, the pace of the property market will increase further.
Buyers looking for a better lifestyle
Himanshu Garg, Director, RG Group According to, “Customers are not just looking for a good apartment but also a lifestyle. Customers who earlier used to inquire about amenities like indoor games and swimming pools, clubs etc. are now asking for grand entrances, a luxurious and well-equipped clubhouse, great landscaping, gaming, sports and entertainment areas and even indoor amenities for visiting guests. Due to the tendency of customers to spend on these amenities, we have decided to build premium segment units on the remaining plots in Noida and Greater Noida West.”
Ready to move property is the first choice
Pankaj Kumar Jain, Director, KW Group It is not easy for any builder to develop the entire plot at once. In such a situation, builders have started developing projects in a phased manner so that delivery can be made on time. At present, buyers in the entire NCR are preferring ready-to-move properties and are investing in under-construction properties after carefully checking the builder’s profile. Sector experts believe that this boom in the real estate market will also be benefited by groups who were already preparing for such an opportunity. In such a situation, waiting too long for home buyers can prove to be heavy on their pockets.
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