FindMyProperty – Page 14

The real estate sector was hugely affected due to demonetization. The sales of the residential houses witnessed an all-time low. But the market is slowly recovering as the sales the residential homes in the top 8 markets of India in the time period of October-December have raised by 28% over the last year to 51,701 apartments.
While the sales have increased as compared to last year during the demonetization period, the implementation of RERA and effective 10-15% price correction also helped the increase in sale. However, when compared to 2015, the sales were not as good as there was a 28% drop. A study by Knight Frank India reported that a total of 71,820 units were sold in 2015.

In markets of Mumbai, Bangalore, Chennai, National Capital Region, Hyderabad and Pune, the sales have declined by 2% from a year ago to 107,316. The data shows that the market hasn’t seen a complete revival and is still in buyers’ favour, although the effect of demonetization is dwindling. The CMD of Knight Frank India, Shishir Baijal said, “The near standstill triggered by demonetization seems to have tapered with time. At the same time, stakeholders are growing in confidence with the gradual acceptance of structural reforms such as the Real Estate (Regulation and Development) Act, 2016. Meanwhile, select markets wherein RERA has matured have witnessed developers re-launch projects at attractive prices which led to an uptick in sales volumes in 2017.” “The strategic switch in developers’ approach has led to a price reduction is most markets. All in all, it is a buyers’ market today. And, we hope the momentum to hold steady in the near future,” he added.

The new launches have also witnessed a drop of 21% and 70% compared to the December quarter of 2017 and 2015, respectively at 19,148 units. In the second half of 2017, the volume of new units that entered the market was 40,832 unit; approximately one-fourth of the supply levels in 2015. As compared to 2011, the sales volume was down by 62% in 2017. With a 7% decline as compared to 2019, it was at its seven-year low. Bangalore witnesses a 34% drop, while markets of Mumbai and NCR saw 21% and 19% rise respectively.

In the commercial real estate sector there was an increase of 7% in 2017, but was not on par with the occupiers’ demand. In the second half of 2017, the supple rose 13% from the previous year. Vacancy levels in office projects saw a 5-year low due to insufficient supply.

courtesy: https://realty.economictimes.indiatimes.com/news/residential/residential-sales-up-28-in-top-8-cities-in-oct-dec-report/62442669

Noida is quickly becoming one of the best cities to live in India. With the development of many corporate offices and commercial complexes, the demand for residential homes is increasing rapidly. There are many residential complexes being built by reputed developers across Noida. Many metro stations are also being built across the city which will vastly improve the infrastructure and connectivity of Noida.

Sector 78 is a fast developing sector of Noida. A metro station is also currently under development in the sector which will greatly enhance the connectivity of Sector 78 to other important places of Delhi – NCR. Many good schools and educational institutes are also present such as The Manthan School and Sanfort Play School, just to name a few. Sector 78 is also connected to DND Flyway and Noida-Greater Noida Expessway. The Great India Place and The mall of India are also within 15 Kms. Good hospitals such as Sumitra Hospital and Neo Hospital are also nearby.

There are a number of properties available in Sector 78 and nearby. These range from budgetary to luxury properties. Some luxury projects are Mahagun Mezzaria and The Hyde Park. The options for affordable properties are Mahagun Moderne and Lotus Arena.

One of the best value for money projects is Antriksh Golf View 2 launched by Antriksh Group in the sector. Its ready to move residential propperty, The complex is spread over 18 acres of land out of which almost 80% of the area is open. All the buildings have an earthquake resistant structure and the safety of the residents is ensured. Antriksh Golf View 2 has to offer 2, 3 and 4 BHK apartments in sizes ranging from 985 sq ft to 2680 sq ft. These apartments are carefully planned, have wonderful interiors and luxurious features.

Located in Sector 78, Antriksh Golf View 2 Noida enjoys smooth connectivity with FNG Corridor and NH 24. There is also a metro station being developed just diagonally from the front Gate of Antriksh Golf View 2.

Sector 78 is among the best sectors of Noida, many builders are planning to launch their projects here and soon the prices of the properties will rise. Now is the best time to invest in property if you want some great returns on your investment.