A few points to ponder why this is the best time to invest in Noida
The Noida market is currently a buyers’ market and prices are at realistic levels. Prices in Delhi-NCR have bottomed out. This is the right time to buy as reasonable all-inclusive deals are available in the market.
The focus of the buyer should be on the quality, brand value and delivery record. The residential market is poised to take off, spurred by low-interest loans, big push to affordable housing projects and Interest subsidy on home loans for first time home buyers.
Before RERA, the risk of delays, quality, title, and changes were borne by the customer. These will now be borne by the developer and there will be a premium that the flat purchasers will have to pay for transferring this risk to the developer. Implementation of RERA will ensure the safety of INVESTMENT but at a premium as there is no room for developers to absorb these costs and so they will be transferred on to the customers by way of price increase.
Impact of GST on Real Estate: Though the government says that the prices of real estate is going to come down once RERA is implimented but thats unlikely to happen. The builders are already selling the inventory at a very competitive rate and any differential that will be passed to the buyer will be minimal because input credit will be available only on the material purchased after1st July. Moreover, the already squezed margins for last 3 years and the implementation of RERA has left no scope for correction.
Housing demand will get a big boost with interest rates on home loans becoming cheaper following steep cut in lending rates by major banks, including SBI in the last 6 months. Banks are cutting lending rates after spurt in deposits following demonetisation of old high denomination currency notes of Rs 500/1,000.
The government has cleared a proposal for setting up a greenfield airport in Jewar in Greater Noida, which is likely to be operational in the next five to six years. The Yamuna Expressway Industrial Development Authority (YEIDA) has notified 3,000 hectares of land for a world-class international airport. The Airport will push the Real Estate market to unprecedented heights by giving a boost to Tourism and economic potential of the region.
India’s first smart and green highway — Eastern Peripheral Expressway — for decongesting Delhi will be completed this year. The expressway passes through Sonipat, Bagpat, Ghaziabad, Gautam Budh Nagar, Faridabad and Palwal in Haryana and Uttar Pradesh. Also know as KGP Expressway (Kundli-Ghaziabad-Palwal) will connect the Western Peripheral Expressway – KMP (Kundli-Manesar-Palwal) thereby reducing the travelling time to Gurgaon to 50 minutes.
FNG Expressway to be operational by March 2018. Faridabad-Noida-Ghaziabad (FNG) Expressway – a planned part of the Eastern Peripheral Expressway (EPE) – is expected to be operational by March 2018. The Eastern Peripheral Expressway (EPE) project will decongest Delhi and commuters will be able to reach both cities in 30 minutes, without entering the Capital and the busy parts of Noida.
Noida: Sector 28-61 elevated road to be opened on June 28. The 4.8km six-lane elevated road from Vishwa Bharti School in Sector 28 to Sector 61 over the existing Master Plan-2 Road bypasses seven intersections, with exits and entries at Nithari, Sector 30, NTPC and Sector 24 to ensure seamless traffic flow.
Noida-Greater Noida Metro line on schedule, to open by April 2018. Trials on the Noida-Greater Noida Metro corridor will be conducted in December this year and the link will be operational by April 2018.
Metro link to Kalindi Kunj to be operational by the end of JULY, 2017. This particular link from Botanical Garden till Kalkaji Mandir Metro station has nine elevated stations — Botanical Garden, Okhla Bird Sanctuary, Kalindi Kunj, Jasola Vihar Shaheen Bagh, Okhla Vihar, Jamia Milia Islamia, Sukhdev Vihar, Okhla NSIC and Kalkaji Mandir. Once the Rs 845-crore corridor is ready, commuters will no longer have to go to Rajiv Chowk Metro station to take the Yellow line (Huda City Centre to Samaypur Badli) as the corridor will form a ringed route and connect Botanical Garden station with Hauz Khas station via Amity University, Kalindi Kunj and Kalkaji Mandir station.