Latest Property News on 'Noida'

Noida –The Next Boomtown for Foreign Investments

Noida is all set on the way to become the next boomtown for foreign investments. To tap the growing real estate development, Noida – Greater Noida Authority is inviting big companies and renowned corporate houses to broaden their horizons in the twin cities.

Prices of residential plots in Noida hover around Rs 4,500 - Rs 7,500 per sq yard for the newly developed sectors. As far as the reserve price for group housing is concerned, its bid starts from Rs 8,000 – Rs 15,000. The main job of the Authority is to look after the industrial development in twin cities and the state’s focus is also on the growth of industries. There has been a considerable increase in industrial rates for the last couple of years and is likely to soar once the Taj Expressway is completed. Read More »

Homeowners in Noida Cash in on Hike in House Prices

Home rentals in Noida are rising as residential plots in the city gets expensive by 76% in all sectors. The move by the state government has created the same situation what it has been in Delhi in the eighties.

Now, home owners in Noida are left with two options, either to increase rentals or sell off houses in upscale sectors. Both the options are indicative of high moolah for owners. Read More »

Unitech to Launch India’s Largest Township in Noida

Increasing competition in Indian property market may raise a question over changing valuations for realty players in future.

As DLF, a known name in Indian real estate, is preparing to make a debut on Dalal Street on Thursday, the Unitech, a strong competitor of DLF, is ready to launch India’s largest township in Noida on the same day.

The Unitech project will come over a large area of 340 acres on the Noida-Greater Noida Expressway. The Township will have an exclusive golf course and 80 skyscrapers, some of them featuring 50 storeys. Read More »

Property Rates in Noida Soar Amid High Demand

The New Okhla Industrial Development Authority (NOIDA) has increased the rates of residential property in the city by an average of 70-80%. The move has been decided at a board meeting of the Authority on Thursday. The decision comes on the back of circle rates in Greater Noida which had been increased by 42% on Tuesday.

Also, there has been a significant hike in minimum office allotment price of Noida for such property. The rates for commercial, residential, and industrial properties have been soaring to high. Read More »

2nd International Airport to Push Property Prices in G Noida

Real estate players are soon to get a next prospect to jostle one another. It is regarding none other than the proposed second international airport at Greater Noida. The development is likely to give a push to prices of residential and commercial property projects in twin cities of Noida and Greater Noida.

However, the drive may force prospective investors to divert their attention from Gurgaon to Noida in the long term, observes Mr Ankur Srivastava, managing director, DTZ India, a real estate consultancy firm. Read More »

Vacancy Levels Remain High in NOIDA

The commercial property market in Noida is seeing a slide in price, bucking the trend in the National Capital Region (NCR). However, this suburb near Delhi, has recorded a high vacancy level of 26.2% for its Grade A commercial buildings, or office space, in the first quarter of 2007.

Addition of large chunk of commercial space has given a boost to the commercial property in Noida, as per the data compiled by real estate consultant Jones Lang LaSalle. Around 1.2 million sq ft of commercial space had been added to the existing supply of 2.86 million sq ft. in Noida. Read More »

Residential Boom Reaches Noida

Noida, the largest industrial town of Asia, has undergone a paradigm shift in the last few years. The real estate in Noida is hitting the sky, which is also due to a large migration of people from Delhi who are being bullish to make it their home.

As a part of Uttar Pradesh, Noida cannot remain untouched by the problems prevailing in the state. Despite all, the individuals who have shifted their base to Noida witness to live a splendid life. Read More »

IRPPL to Set up Entertainment Parks in Noida, Rohini

Unitech, real estate firm, and International Amusement Ltd, widely known for their Appu Ghar project, have formed a joint venture to be known as International Recreation Parks Pvt Ltd (IRPPL) and will be coming up with two entertainment parks in Noida and Rohini.

The construction of these parks will cost the company approximately Rs. 1,600 crore. And to provide specific themes for these parks, the company has roped in Turner Inc’s Cartoon Network and Pogo. Read More »

Today’s Scenario or Corruption’s True Face

Special Economic Zones (SEZ’s) - Local regimes are buying off HUGE tracts of land from farmers. How? By banning the farmers from selling to anyone else, except to the regime in question, by invoking ‘Security’ and other words in their new rules Then the same regimes are selling off HUGE PERCENTAGES of their respective States, by directing dealing with MNC’s and big money holders. Next, with this kind of money power, MNC’s can build big properties very cheap, due to their economies of scale.

A layman’s view to this is:
- you buy 10 bags of cement from the shop, & pay say Rs. 100.
- but MNC buys 10,000 bags of cement direct from the factory, then they pay say Rs. 50 or even less! So basically, what is their aim?? Read More »

Greater Noida II in the offing: Real estate prices soar

Another satellite town is in the making, and the locals are waiting to cash in on the opportunity falling their way.

It is the Greater Noida expansion into Phase II that is creating a stir in real estate prices in 172 villages from Greater Noida’s urban area to Hapur via Dadri, Ghaziabad, Sikandarabad and Pilakhua.

The Centre-approved expansion plan for Greater Noida Industrial Development Authority (GNIDA)’s is in the preparatory stage of launching Greater Noida Phase-II, a new integrated township located on NH-24 and NH-91. It has already received approval from the Expert Committee Master Plan, IIT-Roorkee and would be cleared by April 2008. Read More »