Latest Property News on 'Noida'

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 »

Noida’s Real Estate Graph – What turn will it take?

Noida, NCR’s flourishing IT and residential hub shot into the limelight on December 29, 2006 with the serial killings case in Nithari, one of the township’s adjoining villages. Horrified and shaken, Indians are yet to recover from the macabre tales that made headlines for days.

The gory stories emerging from Nithari have brought to light the apathy, unaccountability and sheer brazenness of the police force. The role of the police in controlling crime, and maintaining vigil to provide a secure environment has always been in question, but firm and severe measures have to be taken now to prevent similar incidents in future. Local NGOs like the Manav Sewa Samiti have brought up issues of security and civic conditions in Noida with the authorities. Read More »

NOIDA Property Bubble

A known part of the National Capital region, Noida enjoys the status of being the largest planned industrial city of Asia. For the last decade, a number of commercial spaces have come in here. Driven by an exceptional growth in the economy and large scale investments in IT, ITes, and BPO sector, real estate in Noida is ostensibly flourishing.

Noida boasts of a phenomenal demand for residential units, in addition to massive commercial and retail space demand. Adding to the demand for dwelling units in Noida is number of factors that include presence of world class brands like Ebony, Lee Cooper and Flying machine. The industrial city also features an array of happening places to hang around with Sector 18 known as the “heart of city” and often touted as the “South Extension of Noida”. Read More »

The Largest Commercial Space to Develop On Noida Land

Demand for Noida land is likely to reach an all time high with the Noida Board planning to develop one of the largest commercial spaces in the region. Conglomerates, both Indian and Multinational, scouting for commercial spaces, would now breathe a sigh of relief as the industrial heart of Asia is all ready to welcome them with its arms wide open.

The project will take shape on 225 acres on the Noida-Greater Noida Expressway and the scheme will be launched in the month of January. The land is located in the sector 94 and 124. According to the estimates, the area will accommodate the construction of 6,000 offices, each of 100-200 square metre. Read More »

Ansal Properties to Build Hi -Tech city adjoining Greater Noida

Ansal Properties & Infrastructure Limited (APIL), announced to develop a hi-tech city on 2504 acres of land adjoining Greater Noida. The proposed project will require an investment of over Rs. 20,000 crore. A Memorandum of Understanding has already been signed between the Government of Uttar Pradesh and APIL, who is serving as a prime consortium.

Heralding eighteen holes golf course to be designed by Mr. Martin Hawtree, who has designed over 750 golf courses worldwide, the city will also feature a number of sporting facilities including Mahesh Bhupati Tennis academy, a polo and an equestrian club. There are plans to create a world class stadium where amateur sportsmen and athletes can avail proper training. The city will also have five star hotels, serviced apartments, a convention center, and an exhibition hall. Read More »

Real Estate Prices Rise in Tier II and Tier III Cities

As property prices in metros see a shoot up, Tier I and Tier II cities have emerged as the most promising market for residential as well as retail developments. Now, these places experience a sharp increase in property prices which has gone along with increased demand. It has shot up by as much as 40% in the past two years which is believed to be the highest as compared to earlier hike descriptions.

The property boom in Tier II and Tier III cities is further fuelled by the factors like opening up of financial sector, rationalization of income tax and loan policies in addition with well-paid IT jobs. However, the rise in prices does not square with the earning capabilities and is being considered as an unhealthy sign in the long run. Read More »

NOIDA plot fetches higher than the one in Hong Kong and Thailand

A 136 sq metre plot in Sector 18, NOIDA has fetched a record price of Rs. 6.11 lakh per sq metre at an auction held on 27th November’2006. The plot is bought by Manoj Kumar Punjabi at a whopping price of Rs. 8 crore 31 lakh. The reserve price of the plot was only Rs. 4 lakh per sq metre.

Busting the previous record of commercial space in the township, this prohibitive plot is believed to have made the biggest leap that would come as an eye opener for the prices of property in the Delhi and other close by areas. Another plot that succeeded in attracting the second-highest bid was also a 136 sq metre plot at N-16, which was sold at the price of Rs 4.51 lakh per sq metre. Read More »

Nine firms handed plots for building SEZs in Noida

THE Noida Authority today allotted nine companies land for the development of Special Economic Zones. The nine firms have all been allotted 25 acre plots along the Expressways in Sectors 143 and 144.

These SEZs will cater exclusively to the development of IT infrastructure, Noida Authority Deputy Circle Executive Officer (DCEO) C P Singh said. He added that the land has been allotted on a “first come first served” basis.

The Noida Authority had earlier allotted 2,500 acres along the Expressway to a consortium of Reliance One World Limited and the Anil Dhirubhai Ambani Group (ADAG) in September. Read More »