Compare Your Choices In The NCR Areas To Buy House

We have many options to choose from in 2016. There is a huge inventory of value-for-money-units in attractive locations such as New Gurgaon, Ghaziabad, Greater Noida (West), Faridabad and sectors along the Noida-Greater Noida Expressway.

Ghaziabad

Ghaziabad, like the NCT of Delhi, is land locked, which leaves limited scope for expansion. As most of the residential developments are coming up along National Highway(NH)-24, this area is in dire need of good connectivity. That’s why widening of NH-24 assumes such importance. There is not much likelihood of incremental employment or residential demand in Ghaziabad in the next few years. Ready-to-move-in units in Ghaziabad Vaishali, Indirapuram and Kaushambi may continue to see traction this year.

Greater Noida West

Noida Extension (now Greater Noida West) has emerged as an affordable residential destination in NCR. However, factors such as litigations, project delays and lack of connectivity have hampered growth in this area. Today, because of problems like the land acquisition row, project deliveries have been delayed due to intermittent, stalled construction. This, in turn, has also impacted the completion of social and physical infrastructure in that area. Since appreciation due to the initial low base in Greater Noida West has already been taken into account, prices in the corridor are expected to not change much till project deliveries begin and visible infrastructure is in place.

Noida

Real estate projects launched along the Noida-Greater Noida Expressway will only pick up steam once this urban center has developed alternative modes of connectivity with Greater Noida other than the existing Noida-Greater Noida Expressway. The Noida-Greater Noida Metro link is thus likely to attract companies looking to set up base in this belt, since it will provide an alternative commute option for the workforce. However, nothing can be estimated until some groundwork is done.

Prices remain in the range of Rs 3,900 to Rs 5,900 per sq ft across Noida and the Noida-Greater Noida Expressway. However, urban centers in the proximity, such as Greater Noida and Ghaziabad, which have low prices, will keep the pressure on Noida’s price appreciation and could limit the upside potential of prices. Certain pockets in Ghaziabad and Greater Noida are offering discounted options to homebuyers working in Noida within a commutable distance of 20-30 minutes. Incremental office supply in Noida in the coming years has not been seen to benefit any particular residential corridor or area, as it is scattered across various sectors. Thus, appreciation in Noida’s residential market due to the employment pull factor will be distributed unevenly.

Faridabad

Despite good connectivity with Delhi and the Gurgaon residential market, Faridabad is developing slowly because of its industrial tag because of the perception that jobs in the industrial and manufacturing sectors are unable to sustain residential development due to limited affordability. Also, as price appreciation due to infrastructure developments, such as the recently-operational Metro, has already been factored in, price growth in Faridabad is likely to be muted. Till the time the city generates an inherent service base to create and sustain demand, it won’t be a very attractive realty destination.

Gurgaon

The infrastructure push to Gurgaon’s development will be the litigation-free 18-km Dwarka Expressway, which will provide a much-needed alternative connectivity between Delhi and Gurgaon. The under-construction 16-lane, signal-free Gurgaon Expressway and Phase 2 of the Rapid MetroRail Gurgaon on Golf Course Road are other important infrastructure initiatives that will impact the real estate scenario in Gurgaon’s corridors. Certain residential corridors within Gurgaon will benefit from the incremental office supply and infrastructure development. New Gurgaon is positioned to emerge as a relatively affordable residential catchment within Gurgaon.

Link:- http://goo.gl/m0Z0BM

Advertisements

Residential Flats for Sale in Gurgaon, Resale Flats in Gurgaon

Gurgaon is a business center with an emerging real estate market booming. Both the commercial, as well as residential apartments are being developed on a large scale. In fact, the market is very lucrative for real estate investors who purchase houses for profit. A large population of the city is formed by professionals from various parts of India. Therefore, many look out for the shelters where they can move within a short period of time. For them the purchase of resale residential flats in gurgaon fact would be a good idea.
Since you would be buying a resale flats in Gurgaon, you must make sure of certain aspects of the purchase of the property. Let us take note of some of the considerations before buying flats in Gurgaon.
Tips for the purchase of resale flats in Gurgaon

Try selling resale flats in gurgaon only if you can organize to handsome sum of money. The story of second hand is generally higher than the price of new construction. The floors of new construction are almost 50% and 60% of the total price of the floors of second hand.

If all you are spending a higher price for a resale flats, always get the has a good location. The new construction in general is built in suburban areas, far from the urban life canter. On the other hand, the story of second-hand of more age is generally found in a visible place in the city. As well, provided they give good options of flats of resale prominently located, therefore, never should be reassured by that is remotely.
Since you are not going for the new projects which provide all the basic amenities, make sure that all of them have in second-hand housing. There should be no shortage of any of the services and amenities that include water, electricity and proper drainage.

To involve a few professionals who can ensure the quality of the construction of the building. Since, you would be buying an old building, which is very important to make sure the resistance of the structure. Avoid the purchase of a property that is more than 10 years of age.

For the negotiation process and what to see with all the legal paperwork, you can designate a lawyer. Your lawyer can also detect if the property is done in accordance with the plan or not legal. If not, you can also provide effective solutions