Noida Regional Property Prices are Likely to Explode

After four years of stabilization, management is considering changing the rates of circles in the Noida area. According to sources, they will also study land values and work on assessing the land standards of Dadri, Sadar and Jewar.

On August 1, management reviews cycle rates annually. However, authorities have not changed the scale of Noida’s rallies for four years. In the end, they try to keep prices up.

Noida, Greater Noida and the Yamuna Expressway industrial development authorities have raised standards around the world over the past three years. The UP government has set 7% of the stamp value.

Authorities have increased land use rates in Noida, on the Yamuna Expressway. Noida Authority has increased prices for all types of land over the past two years. This comes as a change in the real estate industry as it tries to integrate.

The development authority changed its focus in 2016 and 2020. In both cases, there was a 5% increase. Once again, the same changes are on the cards. The importance of the aforementioned village areas and the Yamuna Expressway, which has not yet been built, will continue accordingly.

The three sub-magistrates will study the transactions and determine the differences between the regional standards and the international standards. According to the deputy chief inspector of the stamp and the registration department, the district magistrate will make a final decision on the matter.

They will send details to management soon. Therefore, commodity transactions in Noida will be more expensive in the years to come. This will also generate a significant amount of money that will strengthen the economy.

Top Reason of Price Explosion in Noida

Noida enjoys a beautiful, healthy environment. It is well connected in major cities and towns within and outside the NCR. Therefore, it is an excellent industrial area and attracts many businessmen and service professionals from all over the country.

Statistics and Facts

1. The population of Noida, according to the 2011 Census Interim Report, is 1,07,676
2. The average gender ratio in the city is 836 per 1000 men. On the other hand, the sex of children is 823 per 1000 boys
3. The literacy rate, according to the 2011 Copulation Census, is 86.54%
4. The Indian Grand Prix is being held in the city of Buddh International Circuit. The first race was on October 30, 2011

Electronics and Information Technology

1. Like its neighbor Noida, Greater Noida is likewise an IT (Information Technology) facility.
2. Both foreign and domestic companies have set up offices in Noida & Greater Noida. They are usually found in IT parks, centered around the city.
3. Some of the top IT and electronic players already working in the city are Hotline Appliances, Delphi, Videocon, L.G. Electronics, Moser Baer, and Daewoo Electronics.
4. In addition to information technology and technology, Noida is home to many news organizations and news houses. The Hindustan Times is the city’s largest news organization

Communication

1. Greater Noida is located within the National Capital Region (NCR). Due to its proximity to Delhi, it is well connected to both national and international markets.
2. The nearest airport to Noida, Indira Gandhi International Airport, lies in Delhi, about an hour from the driveway.
3. Railway stations near Noida area in Ghaziabad and Anand Vihar. This can be accessed within an hour.
4. The eight-lane route connects Noida and Delhi. National Highway (NH) 24 also passes from near the city. Road infrastructure, consequently, effortlessly connects Noida with Jalandhar, Amritsar, Gurgaon, Ludhiana, and Ghaziabad
5. The Noida Tunnel is set to expand the Delhi Metro, making it easier to get in and out of the city.

Noida’s Great Economic Management

Noida falls under the jurisdiction of the Gautam Buddh Nagar region of Uttar Pradesh
The Noida Industrial Development Authority (NIDA) is bearing the brunt of the city’s massive development. This employment agency was established under the Uttar Pradesh Industrial Development Act, 1976. The city falls under the district of Gautam Budh Nagar Lok Sabha

Noida Infrastructure

1. Noida is organized in the form of an Iron Grid. It uses modern technology to build and plan cities. Emphasis is placed on keeping the city clean. The basic services available exceed their needs.
2. City-installed fiber optical provides 650 MBPS connectivity with 4 operators. Electricity supply and supply of goods are reliable, and water supply is provided in the city 24 X 7.
3. The city has excellent social infrastructure and housing. It contains residential projects like ATS Kingston Heath, industrial, commercial, and recreational facilities.

Noida Industrial Development Authority (NIDA)

NIDA is responsible for ensuring water availability and managing the city’s water supply infrastructure.

Lokvani

With places like Noida and Greater Noida being IT centers, the Uttar Pradesh government has been focusing on ICT programs. Lokvani is one of the programs, which is a unique example of the Community Dispute Resolution Process. It also won the Golden Icon Award for Service Delivery at the National Technology Conference.

Real Estate Agents of Gurugram and Delhi Demand Lower Circle Rates

In Delhi and Gurgaon, housing players have called for a reduction in circle rates to lower prices. The second wave of the epidemic had a negative impact on the availability of the real estate sector. According to experts, the industry needs ongoing support from the government in terms of low circle standards.

In the past, these rates have been reduced and announced in Delhi from March 1, which will be valid for the next six months. On the other hand, prices have risen in Gurgaon since April. At the time of the closure, the finance offices were closed for about two months. Realtors, therefore, believe that the benefits should also be extended by another two months. High-rise buildings in Delhi and Gurgaon are currently in high demand. The Gurgaon administration’s timetable for raising a circle issue is now being questioned.

The chief executive of a well-known real estate company said prices had risen in Gurgaon while players expected relaxation and friendliness in the real estate industry. Since the beginning of the epidemic, many countries have reduced or eliminated their distribution rates. This has ensured that players are able to buy venues at lower prices. In addition, the second wave of the epidemic continues to focus on the need to reduce circle rates.

The official also said that it would make sense to reduce the blood supply to various parts of Gurgaon by 15% to 20%. In addition, the government needs to promote housing by reducing stamp duty.

About Author

Rakesh Kumar is an internationally recognized Digital Marketing Expert and entrepreneur. His website, 5xprop.com is the foremost source for India’s leading real estate property site with real estate news & updates.