Is Noida a self-sustainable city?

Delhi NCR

Infrastructure projects such as the Metro Rail, Yamuna Expressway and DND Flyway have set momentum for the real estate development in Noida. But is the city self-sustainable or dependent on New Delhi?

According to Aman Agarwal, director, KV Developers, “Noida and Greater Noida are offering good connectivity to Delhi, Faridabad and Ghaziabad. In addition to this, Greater Noida is offering affordable housing with collective sustainable development and a proposed metro connectivity. With Formula 1 track, proposed night safari, international cricket stadium, education hub with a number of universities & institutions, this area is likely to witness exponential growth.” All these factors make this area self-sustainable, he adds.

Pradeep Jain, chairman, Parsvnath Group, says, “Noida and Ghaziabad property markets offer good quality homes, retail and office spaces at affordable rates. While properties in these two markets are no less than those in Gurgaon in terms of amenities and connectivity, but when the property prices are compared, Noida and Ghaziabad win against the Millennium City.”

“Noida is a combination of good master plan and splendid infrastructure. Due to cheaper propertyvalues, there is a huge demand and several new projects are being setup. Recent increment in the Floor Area Ratio (FAR) allows construction of more flats in the same area. Greater Noida Expressway and Yamuna Expressway offer scope for strong and sustained growth for all real estate segments,” says Abhay Kumar, chairman and managing director, Griha Pravesh Buildteck.

“Inclusion of mixed land use concept in the master plan changes the game in the realty space altogether. This policy will promote a self-sustainable model that will allow users to reside and work in the same vicinity. Furthermore, the extension of the metro line to Greater Noida will prove to be a boon to the real estate sector,” Kumar adds.

In terms of returns on investment, Suneet Pratap Singh, head-primary sales, Finlace Consulting, says, “If we look at the property trends of the Noida market in the 3-4 years, we will realize that the growth was 75-90 per cent and even more in specific areas.”

Source:  magicbricks.com

For more Information Sanjay RastogiEmail Us Or SMS :SAVIOUR at 53030

Advertisements

About Saviour Builders

Saviour Builders Pvt. Ltd. is one of the leading real estate developers in Delhi NCR. The Saviour Group is the tantamount to deliver contemporary quality amid excellence and diverse innovation. It has emerged as one of the prominent entities in the real estate sector of India and is into residential, commercial and township projects in and around Delhi NCR. The Group devotes its complete dedication to reach higher and build better. With its immense hard work and loyalty, Saviour has accomplished the dream of delivering various tremendous infrastructures round the city. We intend to provide you with affordable houses in the Delhi NCR region. Some of its significant projects like Saviour Greenisle, Saviour Park, Saviour Street, Gaur City -1, Gaur City -2 and many more have created a new benchmark within the trade. Today, we have our presence at Noida, Noida Extension, Greater Noida (West) and Ghaziabad. We, at Saviour, are building homes based on trust and you are invited to build your future with us. We help you live your dream of living in style.

Posted on October 15, 2013, in Real Estate and tagged , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: