Friday, 12th March 2010.

Noida Real Estate Buzz

Written on Tuesday, 16th June 2009 by Neeta

There has been recent spurt in Noida real estate launchings. Many renowned and not so renowned builders and developers have launched housing projects targeting the middle class salaried buyers. With the zing missing from Noida real estate market in last six and seven months, the recent launches in can be seen as refreshing developments in housing sector in NCR.

The launches specially targeted for the 30-50 lacs buyers have seen lots of market buzz generated in the Noida real estate market. There has been many reasons which has fueled the positive sentiments. The most important being the implementation of 6th Pay Commission report in Central Government sector and Mohan committee in CPSUs. The other factor which has helped in bringing buyers back to the market is softening of real estate rates. Correction has taken place in NCR and new launches will further bring down the prices in secondary housing market.

Notable amongst the new launches which have generated interest in the housing market are Jaypee’s AMAN, Amrapalli Sapphire and Platinum, Mahagun Maple, Prateek Fedora and Unitech Unihomes etc. On the other hand launches in premium segment in recent past have generated only the lukewarm interest amongst the buyers. Recession has put an end to risk taking by “Double Income IT couples” and that’s one of the probable reason that the premium launches in luxury segment in Noida real estate have failed.

Even after the heavy bookings that these launches have been able to generate there is still some margins and market can still log some more bookings in coming times as quite a few eager buyers are still sitting on the fence waiting for the opportunities. In addition all CPSUs have not effected the wage revision and coming months will only see more hectic activities.

Noida real estate market will probably be acting as the trigger to bring about the positive sentiments back in to the NCR real estate market.

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