With government major policy reforms like RERA, GST, and Housing for all initiative, today even a mid-segment buyer can think of buying their dream home. Whether it is a tier-1 city or tier-2 city most of the developers are focusing on the development of affordable homes that are in reach of maximum homebuyers.
The long-time demand of floor-wise registration in Noida is likely to be heard now as the Municipal Corporation has forwarded the request to the State Government for sanction. The go-ahead nod from the BJP-led State Government will undoubtedly prove beneficial in the sale of plots and independent floors, but the decision can evolve infrastructural issues. However, the State Government can earn high revenue by sanctioning floor-wise registration.
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.
According to a latest report by a top real estate services and investment management firm, Noida has emerged as the third most sought-after commercial destination in India followed by Bengaluru and Hyderabad. The report released by Colliers International revealed that flourishing start-up culture, lower rentals, well-developed infrastructure, and improved connectivity have geared up the commercial real estate in Noida.
The report stated, “Noida registered 100 percent growth in the office space absorption in H1 2018 as compared to 2017. Close to 2 million sq ft of office leasing was recorded during the period. However, the figure is expected to grow to 3.5 million sq ft by the year-end.”
In a latest development, over 70% of the landowners agreed to give their land for the proposed Jewar International Airport. On Saturday, local MLA Dhirendra Singh said that they have got the consent of over 200 landowners which is more than what as per the provisions of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.
The Yamuna Expressway Industrial Development Area (YEIDA) has decided to conduct a feasibility study to connect the proposed Jewar International Airport and Delhi’s Indira Gandhi International airport via an elevated road. The Authority will float an e-tender to rope in a consultant for the study.
In order to provide a smooth connectivity between both the airports an elevated road is proposed which will be 40-kilometers in distance. The officials are also working on other alternative options like Rapid Rail Transport System (RRTS), Pod Taxi etc.