Delhi NCR has been one of the most prominent real estate markets in the country, accounting for a major part of housing sales in the country. Noida and Greater Noida have emerged as very good options within Delhi NCR property. The two markets showed great resilience even during pandemic times and did comparatively well for both sales as well as new launches of houses by developers. Both the markets have presence of international class residential projects with reputed builders.
Noida and Greater Noida saw reduction in unsold inventory of completed homes in 2020, even as other parts of Delhi NCR saw a jump in the same time period, according to a report (by ANAROCK). One reason for such healthy demand for homes in the twin markets is improvement in infrastructure in the last few years. The Jewar Airport is providing a new dynamic to the realty market in the twin cities. The government is swiftly acting on the development of the international airport and in the last year itself, some portions of Noida and Greater Noida have seen 10-15 % appreciation in land prices because of this project alone. This is making investment even more lucrative in the twin markets. The region has also become more popular for commercial real estate because of the Jewar Airport development and commercial real estate growth is, in turn, feeding residential demand.
Added Vigour in Realty Markets of Twin Cities
Both Noida and Greater Noida are also seeing a new vigour in the real estate market in the last few years due to both cities become a complete residential hub with the best of physical and social infrastructure. The Golf Course of Noida is now complemented by Formula 1 racing track in the twin cities, together with the best of mall, metro train connectivity, a number of expressways and world class schools and hospitals. The multi-level parking coming up at Sector 3 and Sector 16A, together with Biodiversity Park and Shaheed Bhagat Singh Park will make the city at par with any other metropolitan. The newly built shooting range and an indoor stadium at Sector 21A have further added to the charm.
Even the rental markets in the twin cities have remained quite stable in recent times. With many more industries coming up in Noida, addition of projects like the new Film City, Furniture Park etc have made the Noida and Greater Noida thriving rental markets.
Quite close to these infrastructure and sports projects are the residential communities by Migsun Group. Migsun projects are strategically located in close vicinity of expressway, metro line and the Jewar Airport.
Professionalism in Realty Industry
Migsun Group has created a niche for itself among reliable and professional builders with on time delivery and impeccable construction quality. Migsun Ultimo, Greater Noida, designed by world renowned architect is now Ready To Move In with fully operational clubhouse and convenience plaza for daily essentials. The fact Greater Noida authority has, quite recently, lowered transfer charges that it levies on resale of properties will make the real estate market even more dynamic in this part of Delhi/NCR.
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