Noida voted as No 1 destination : CommonFloor Survey
With the festive season approaching, realty market is displaying positive sentiments. In fact, a closer look at first eight months of the year 2014 clearly paints a vibrant picture. Stable government at the centre coupled with incentives announced in the Union Budget and post budget perks announced by RBI– all gave boost to the Indian realty market.
Thus, to analyse the magnitude of the upcoming real estate rally, CommonFloor conducted an interesting survey titled “Delhi-NCR: Investing in Current Scenario”, which brought some captivating facts into light.
The survey revealed that Noida amongst Delhi-NCR region is clearly the top-notch priority for investors and homebuyers. Owing to several reasons, nearly one fourth of the active participants preferred to invest in Noida. Gurgaon and Greater Noida was next in the focus line of investors and homebuyers.
Here’s a snapshot of the survey results.
Noida offers varied advantages which lure home buyers and investors. The dominant advantage is undoubtedly the connectivity with other regions of NCR, accounting for about one third of the decisive investors’ reason. Noida realty market also offers good returns on investment with an average yearly expected appreciation of 10-15 per cent, which is an appealing factor for another one fourth of the investors interested in the region.
For some 20 per cent, proximity to workplace was a major reason. Further, the well-developed social and physical infrastructure and the ample availability of investment opportunity comprehends the remaining.
Alternative to Noida, about 23 per cent of the participants showed interest in Gurgaon for investments. High returns on investment (ROI) was the prominent factor driving market here. Gurgaon like Noida is also rich with internal connectivity and well linked to the capital city explaining the remaining 40 per cent interest from the survey participants.
Following Noida and Gurgaon, Greater Noida attracted about 20 per cent of the home buyers and investors. Planned upcoming infrastructure accounts for another 30 per cent interest and the expressway connectivity with Delhi and other parts for the remaining quarter of them.
Thus, we see an interesting back track of realty in the NCR belt with developers responding positively by launching several new projects to meet the demand surge. And with upcoming festive season, the situation is expected to just get better.
For detailed survey report, Click Here
