With Aqua Line Metro corridor all set to start its operations for the commercial usage in next few days, the realty market of both Noida and Greater Noida will be going to see a steep jump in terms of property prices as well as residential launches in coming future. The 29.7 km Aqua line corridor will connect the twin cities of UP i.e. Noida and Greater Noida.
With growing population of Nuclear or small families in India, the trend of Compact home is gaining momentum in the realty market of the country. Especially, in the metros where more than half of the population is working, these homes play a very important role as they are closer to business districts and above all are much affordable in price.
A compact home consists of hall, bedroom, study and a kitchen with washrooms and balcony. These homes vary in size from 500 sq. ft. to 800 sq. ft. which is well-suited for a small family.
Living in Noida and having a job that requires you to travel to other countries quite often can be a frustrating combination. The only airport of Delhi- Indira Gandhi International Airport- is an hour and a half long drive. Commuting to and fro from a distance so far is really hectic. But it would no longer be a problem.
The ministry has finally given a nod to the new international airport Jewar in Greater Noida. The plan was passed much before but it was stalled due to regulatory delays. But now the same has been resolved. The land has been occupied and the construction work for the airport will be started soon enough. This is a good news for those living in Noida and Greater Noida as well as for the real estate industry in general.
Jewar is located along Yamuna Expressway which is a 165 km long stretch connecting Greater Noida to Agra. The infrastructure around the area has already started to reach the next level and this kick-start is due to the airport announcement. The extended surroundings of Greater Noida will also witness new launch of residential and commercial properties. [Read more…]
The property prices in an area are affected by a number of factors. One such factor is the Circle Rate. Circle rates are determined by the revenue department or development authorities of the state government and are known by the name of ‘Ready Reckoner’ in Mumbai and ‘Guidance Values’ in Karnataka. It can be defined as the minimum price at which a residential or commercial property, plot or a built-up structure can be sold or transferred.Basically, the circle rates are set to define the amount of stamp duty one has to pay to the government on a property transaction. When the government publishes the Circle Rates officially, it becomes the minimum floor price. This is considered as the minimum price because if the property is sold below the set reference rates the difference is seen as black money by the income tax department. Hence, neither the developers sell below this rate nor do the buyers purchase below it. [Read more…]