Residential – Page 5 – FindMyProperty

Due to Demonetisation there are lots of question arising in mind of homebuyers, whether property price will be down or not? Home loans interest rate will increase or decrease in upcoming year and many more. According to today’s scenario some builders are assuming that real estate sector is driven by sentiments rather than reality. It may be possible due to demonetisation, for short period of time real estate market will go down but for long term there will be not affect. For coming 2-3 months property prices may be decrease, you can say this sector is in holiday now. But it will take 6 months to get things settle down. There will be huge change in terms of property price as well as in home loan interest rate.

If customers are waiting to see property price will fall then they should know the truth behind the Demonetisation impact at residential and commercial property. A small developer group said to ET (economic times) that currency recall will help to cut home loan interest rates and drive good sales. This is actually a good move by the government and we do not see any negative impact on the real estate industry.

In an effort to improve connectivity between two cities of Noida and Greater Noida; the twin authorities have in principal approved the construction of our new bridge across through the River Hindon. These facilities will not only bring the two cities closer but also provide connectivity to Delhi, Ghaziabad and Faridabad. Each bridge will be built at an estimated cost of 55 crore shared by Noida and Greater Noida authorities. Work will start within month on the bridges. The bridges will be 210 meters in length and will have carriageway of 18.5 meters width on each side. Service road of 7.5 meters width will be built along the 8 lane bridge.

Bridges Plans:

A first bridge will be constructed between sector 150 Noida to Greater Noida sector chi-phi with an 80 meter wide road.

A second bridge will be on the road between Greater Noida’s knowledge park 2 and 3 near the 75 meter wide road, which is planned to connect to Faridabad and Noida’s 150 meter wide road.

A Third bridge will be located from near LG roundabout in Greater Noida to knowledge park – 3, which connects to a 75 meter wide road near Hindon canal and road between sector 146 and 147 in Noida.

A fourth bridge between sector 1 Greater Noida Techzone-4 and sector 112 and 115 in Noida has already been constructed but has been planned to be extended by service roads on both side of the bridge.

All the bridges will assist in decongesting areas of Pari Chowk in Greater Noida and Noida-Greater Noida Expressway.