Price correction in pipeline for residential properties in Noida Extension
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Published on: Mar 4, 2016
Transcripts - Price correction in pipeline for residential properties in Noida Extension
Price Correction in pipeline for residential properties in Noida extension
With current appreciation in the market, this is the fact that most of the buyers and
investors have pulled out of this area. The sentiments are at all time low and potential
buyers are looking for other realty destination for their investment. Seeing this, many
developers and builders are rethinking on their price plan so that they can sell up their
inventory holdings in the Noida market.
Most of the time it happens end users tends to buy
resale property which are priced almost Rs. 400-
500 per sq. ft. lesser than the builder’s quotes. This
leads to lesser occupancy and sale of fresh units. To
curb this second hand effect various builders are
planning to rectify the price values so that more
inventory units can be put on sale and can be moved
out faster than resale ones.
This is an age old trend of buying resale properties
because of ready to use amenities and facilities to
add on benefits and extra freebies. They have not
even been lived once and are available at prices lower than the newer ones. This is the
reason why resale properties in Noida are more sought after units than fresh sales.
Especially the residential properties in Noida extension which now have entered into
mid luxury segment will now be considered by the buyers after the price deduction. This
slow down in prices will bring a positive hope amongst the buyers affecting their future
buying. The Popular areas of Noida like Sector 76, 77, 117, 119, 120 where high rise
building is coming up, will be seen offering a
corrected version of prices other than Noida extension
ones. The new residential properties in Noida
which are currently under soft launch are receiving a
huge number of queries from buyers and investors.
These queries are mainly from the end users who are
looking for something affordable at a location which
is affordable as well as have developed infrastructure
around. No place other than Noida and Noida
extension can offer such amenities and surroundings.
Although Ghaziabad properties are good on
infrastructure, but high congestion factors, great
traffic jams and high cost deals are other unavoidable perspectives of it.
If you want to know more about NCR properties or about newly launched and upcoming
projects in any city of India, you can visit PropertyManthan.com. Here you get the widest
database of builders, developers, projects and property agents offering properties
according to your budget, desired location and requirement. For more Information on
new residential properties in Noida. Please Visit: www.propertymanthan.com
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