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50,000 buyers in Noida are a happy lot. Since the government has limited the eco-sensitive zone around the Okhla Bird sanctuary to 100 metres instead of the earlier 10 km on three sides.
This move will now help the builders to complete their projects enabling them to let the buyers take possession of their homes.
The eco-sensitive zone now extends merely 100 metres from the eastern, western and southern boundaries of the sanctuary.
This decision was taken up at the meeting of the standing committee of National Board for Wildlife under the chairmanship of Union Environment and Forests Minister, Prakash Javadekar.
However, the final notification has not been issued. It is expected in about one week’s time. It will help Noida Authority to commence the process of issuance of completion certificates to builders who in turn will then begin the delivery of apartments.
Commenting on this decision Javadekar speaking to the media had said, “It is a big relief for homebuyers who had booked flats. Some of them are already paying EMI. Hard-earned money of people had been invested there. They will get relief. The confusion has ended. The final notification will be done in a week. The orders of the NGT have been fully followed.”
According to Anshuman Magazine, chairman & MD, CBRE South Asia Pvt Ltd., ‘It will have a positive impact on the real estate and construction sector in the National Capital Region. Hopefully, with the real estate market opening up once more in the area, homebuyer demand will pick up as well. Especially with interest rates going down and the government focusing on infrastructure development, this might spell good news for the realty market in Noida.”
“The decision of the ministry of environment and forests to notify certain areas as eco-sensitive zone around Okhla Bird Sanctuary is a welcome move. It was a long pending issue, resolution of which will give relief to customers as well as developers,” says RK Arora chairman, Supertech Group.
Brings Industrial growth and prosperity to the town areas NEIGHBOURING both. Noida has become the first preference of small, mid and big business houses. High property rates and lack of options in Delhi and Gurgaon has worked in the Favour of Noida. Entrepreneurs can find suitable location at lower rates in Noida. They don’t have to compromise by taking an office out of the preferred location or paying bonus to secure the deal.
You should take a cautious approach when looking to find a new office. The Importance of hiring a brokerage firm cannot be overlooked in today’s world. You can save time, money and Efforts by assigning the task to them.
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There are several aspects Involved in finding the right office space. You need to focus on the location, rates, lease agreement, legal and technical challenges etc. A businessman Who is trying to Establish a new business is bound to miss on One of These points as she does not have or unavailable Relevant experience or knowledge on the subject. It can prove to be a costly mistake in the end.
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Businesses Should Invest in a town like Noida to secure the present and future times both. It is one of the hottest real-estate markets in the country. The demand for property is increase increasing day by day in the area. As an investor, you would not have to worry much about the investment. The property rates would only Increase in the coming years.
You should find the right commercial space in Noida to maximize the chances of getting a higher return on investment. Those who invest in commercial property with an objective to make profit should consider investing in top of commercial and residential projects.
Noida has grown out to be a commercial hub of the country. It is a perfect place for institutional investors and businessmen to invest money in the real estate sector. They can invest money and expect steady growth over the next couple of years.
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