India Real Estate Monitor » Ghaziabad

Real estate demand revitalizes

Fri, 21 Aug 2009 12:55:48 +0000

The global economic slowdown has provided end users a unique opportunity to buy their sweet homes as prices in many areas in National Capital Region have fallen steeply. Apartments are now available in some markets at almost 50 percent of the prevailing price a couple of years ago. The average price in Gurgaon has fallen by almost thirty percent and in Noida by more than fifteen percent in last two year.
According to PropEquity, Noida and Faridabad demonstrated high absorption primarily due to launch of affordable housing projects. The projects of Jaypee in Noida and BPTP in Faridabad were primarily driving the high absorption values in these cities with these developers commanding more than seventy percent of the market share for the period of Jan-Jun ’09. Noida maintained its top position in NCR with the launch of 7,032 units, and beats Gurgaon by a large margin of over 2,300 units.
However, the slowdown had its effect on the timely delivery of apartments. Unavailability of finances and lack of demand have forced developers to go slow in implementing projects, which were launched earlier. According to the report, amongst the cities witnessing the maximum number of delays in project completion, Ghaziabad and Gurgaon had 71 percent of the projects under implementation falling behind schedule.

Saviour Group’s Project In Ghaziabad

Fri, 14 Nov 2008 09:42:05 +0000

Saviour Group, a company dealing in land acquisition and consolidation, has declared that it will soon launch an eco-friendly real estate project named Greenisle on Expressway (NH-24), Ghaziabad. The project, to be spread over six acres, promises to be India’s best evergreen real estate project, according to company directors, Mr Iqbal Singh Sodi, Mr Lakhbir Singh Gill and Mr Sanjay Rastogi.
Director of the company quoted that though the concept is still at a nascent stage, it is dynamic and fast catching up. The benefit of green concept is reduced environmental impact through energy efficiency.

NH-24 Emerges As Cradle Of Housing Investment

Fri, 22 Feb 2008 11:35:04 +0000

The National Highway-24 has emerged as the cradle of investment for housing properties due to the surge in prices of residential real estate across key UP cities – Noida, Greater Noida and Ghaziabad. In recent years, NH-24 has risen as a prime alternative for those seeking affordable homes. NH-24 has seen the establishment of settlements like Crossings Republik, Indirapuram, Ansals API Aquapolis, and Hi-Tech city.

Mr. Sanjeev Srivastava, chief executing officer (CEO), Crossings Infrastructure, says: “NH-24 absorbs the influence of Delhi and the neighbouring ‘hot township’ of Indirapuram. We landed here after realizing a logical growth potential in the area. The highway has a number of colleges. If the highway is being widened, it offers a lot of scope for inhabitants and residents of these future townships”. These townships promoted by single firms or consortium of builders say that they are offering premium facilities within reasonable range