Let’s Work is a modern co-working space built on the ethos of cooperation, collaboration, and community. Brought to fruition by Abhishek Kumar Gupta, enabler of Start-up Delhi and Kushagra Awasthi, founder of Furnish Your Dream, Let’s Work comes to Noida, to strengthen the start-up ecosystem, bringing together a network of different and like-minded people to share a common working infrastructure.
News Point: #Sobha Limited will launch its first luxury apartment…
Pritam Yadav bought an apartment in Noida at Rs 3,000 per sq ft in an upcoming location three years back. The developer had then promised that the price will appreciate to no less than Rs 4,500 per sq feet within 18-24 months. It actually appreciated to Rs. 5000 within couple of years. However, circumstantial exit effort made him realise that the appreciation was only a castle in the air.
This doctor could not find any buyer at the appreciated price point. Forget Rs. 5000 sq feet price that the developer was advertising, he could not get any taker in the secondary market for even Rs. 4000 per sq feet. Even the developer refused to buy back at Rs. 1000 per sq feet lesser than what he h
Why do you buy a house in Noida, Noida Extension, Ghaziabad, Faridabad or even non-descript & hard-to-commute locations of NCR when you work in Delhi? If affordability is not the issue, won’t you prefer to live in the capital Delhi and not the satellite cities of NCR?
With nearly a hundred malls in the Delhi-National Capital Region (NCR), it has become the default mall capital of India. No other city comes close to the number of operational malls that are found in Delhi-NCR.
Track2Realty: The Indian real estate market is showing signs of confidence and improved industry momentum post the general elections 2014. The last two quarters clocked an uptick in commercial space take up across leading cities in India. Noticeably, Delhi NCR stood as one of the leading occupiers, registering a significant increase of 25% (y-o-y) in take-up figures during 2014. Moving forth, the demand and corresponding vacancy levels would be key determinants for future traction in the commercial segment across this region.
Track2Realty Exclusive: If SMEs presence is any indication of the scope of commercial property in the given region, Delhi-NCR’s east coast can easily claim to be a vibrant market for the commercial property. However, the tag of an affordable zone has till very recently been the reason why big ticket commercial investment did not fell into Ghaziabad, stretch of NH 24 or even Noida to a large extent.
Track2Realty Exclusive: Against all the prophecies of doomsday in the realty market, Delhi-NCR has not only grown in the last four-five years, but also has been among the best performing markets in the country. The growth has been slow but steady and analysts believe it is time the property market of Delhi-NCR needs a catalyst to put it on the fast forward mode of growth.
Track2Realty: The NCR residential market witnessed a dip in project launches in H2 FY13 compared to H2 FY12. Greater Noida witnessed the highest number of launches in H2 FY13. Majority of these projects are located on the Yamuna Expressway and fall in the affordable segment.
Track2Realty Exclusive: Rohtas Goel, CMD of Omaxe agrees that the repositioning is more realistic now, mainly due to the fact that the real estate in the region is more buyer-driven now. The change in market dynamics has similarly altered the demand scenario and developers have begun to take cognizance of the same.