Destination point for investment -Noida/Gurgaon/Goa.

Q: Housing in Gurgaon & Noida seems to be standpoint for investment.

Pranay Malhotra, Delhi-NCR

22nd January 2015

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Replies (6)

Hi, If you are looking for luxurious and affordable destination, I would prefer you to go for Noida.

himanshu,

3rd November 2015

Comment

Hello Pranay, I would like to say that Noida is fast emerging as most attractive destination for investment in a real estate property. With several infrastructure developments including metro rail expansion, FNG corridor and Noida Expressway, Noida is fast becoming a hub of new real estate projects and more people are looking to buy residential flats and apartments looking at the future prospects. There are several residential projects being building up in Noida that offer great return on investment. I feel Noida offers a better investment opportunity than other Delhi NCR regions.

Abhay Bhardwaj,

6th April 2015

Comment

Hi All,

Comparing price appreciation in 23 cities tracked by the National Housing (NHB) Bank Residex index with their respective vacancy rates shows theres little correlation between the two variables.

High levels of investor and speculator interest in real estate exacts an economic and social cost. It increases housing prices and elbows those who cannot afford it further to the periphery. In 2012, Indias housing shortage in urban India comprising the homeless and people living in crumbling and congested houses was estimated at 18.78 million houses. Around the same time, 11.09 million houses 60% of that housing shortage lay built but unused in urban India, mostly because investors were playing the waiting game for a return.

Tushar Sinha, Delhi-NCR

22nd January 2015

Comment

According to me, conventionally, vacant houses in an area should be an indicator of oversupply, and should lower prices there. But thats not the case in the Indian real estate market, where people who want to invest in a house as opposed to those who want to live in it hold greater sway. Thus, it can lead to a peculiar situation like Greater Noida, which has delivered the highest price appreciation in the two-year period to June 2014 despite half its houses lying empty.

Rajesh, Delhi-NCR

22nd January 2015

Comment

According to Census 2011,more than 20% of houses were lying vacant in the urban part of 37 districts or other, smaller units of urban geography.

Interest in real estate as an investment, we excluded areas 21 in all where the number of vacant houses was less than 10,000. The 16 urban areas left with the highest rates of vacancy were led by Greater Noida, where more than half the houses lay empty. North Goa and South Goa were ranked four and six, respectively. In terms of number of vacant houses, Navi Mumbai Panvel Raigarh was the highest, followed by Gurgaon.

Preeti Kher, Delhi-NCR

22nd January 2015

Comment

Hi Pranay,

Two of these districts, Greater Noida and Gurgaon, are concrete, practical outgrowths of the National Capital. The third, Goa, is a laid back corner by the western coast. What binds them here is real estate more specifically, housing as an investment. According to Census 2011, these three are among the 37 urban areas (districts or other civic units) in India where the percentage of vacant houses exceeds 20% roughly twice the national average in urban areas.

N.Mathur, Delhi-NCR

22nd January 2015

Comment

@ Mr Pranay,

Most such houses have been purchased not with the objective of living in them, but from the standpoint of investment. Such is the volume of investor interest and the nature of Indian real estate that even supply gluts don’t have the effect of hammering down prices.

Raj Roy, Delhi

22nd January 2015