Commercial project in Noida
Reason to invest in Commercial Project in Noida
Noida, one of the closet-to-Delhi parts of NCR, has been always on top attention of property buyers and investors to invest in a commercial project in Noida. Sustaining amongst a tough competition with hot-selling property location like Gurgaon, NH-24, Raj Nagar extension, etc., Noida is still getting a lot of consideration and importance of property buyers. During demonetization, Noida Real Estate also slipped a bit like all other locations, but now it is growing at the fastest step. It’s time to invest in Noida to get huge profits; if you want details on this read further:
Due to the demonetization move and the implementation of RERA and GST, real estate in Noida had seen a slowdown. The unsold inventories in Noida exploded up as people were still rising from the clash of demonetization and trying to understand the new real estate policies. The National capital Region has nearly 2 lakhs unsold inventories and a majority of them are in Noida and its surrounding regions. This unsold inventory would lower the prices of properties in Noida as builders and developers are planning to clear out the unsold inventory first before taking up any new project. Majority of developers have cut down their property prices to clear out their unsold inventories. Those planning to invest in a commercial project in Noida, real estate can make the best of this opportunity as the property prices would soon fire up once the inventory is cleared out.
2. Commercial Property in Noida Is on Growing Step
The commercial property in Noida is also at a growing speed. Many builders and developers in Noida are investing in commercial real estate projects as a business in this city is experiencing positive growth. A number of new offices, co-working spaces, and other enterprises have been established in this city and made it a business hub. Those investing in the commercial property of Noida could be at a great position in future times. Presently, the land cost in Noida is affordable and buying space in commercial areas could turn out to be a great investment in coming times and get amazing returns.
3.Reduced Property Registration Process by the authority
With Real Estate Regulations Act implementation in the whole country, Noida Real Estate Regulatory Authority (RERA) has also planned to interpret the entire property registration process. While earlier, registering the property in Noida or Greater Noida looked like a big challenge, the authorities of the city are implementing new policies and regulatory laws to make property registration in Noida quick and simple. In fact, in many of the real estate hotspots in Noida, the authorities have even facilitated the online property registration process to make everything even more quick and easy. Those planning to invest in Noida real estate can easily upload the needed documents online and get their property registered in a short time.
4. RERA Makes Things Transparent process
The government implemented Real Estate Regulations Act(RERA) in May 2017 to empower the property buyers against the illegal activities of the builders and developers. The Uttar Pradesh Real Estate Regulatory Authority implemented this law to protect the home buyers and increase the investment in the real estate industry. It adds clarity to the entire investment process as the buyers and investors can see previously whether the builder or developer is already registered with the authority or not. Besides, it is also allowing the investors to file any complaint against their agent or promoter by some quick and simple steps.
5. Growing Real Estate Infrastructure in Noida
Another reason why you should surely invest in a commercial project in Noida, real estate is the growing infrastructure in the Delhi NCR. Be it Metro projects, new residential & commercial real estate projects, or road projects & expressways for easy connectivity. The real estate infrastructure in Noida is growing fast. These infrastructure development projects will start to an increase in demand for commercial property in Noida which would grow the value in coming times. Therefore, investing in a commercial project in Noida right now would get high returns in the coming years when these projects have reached completion.
1.Unsold Inventory in Commercial project in Noida on Lower Prices
Due to the demonetization move and the implementation of RERA and GST, real estate in Noida had seen a slowdown. The unsold inventories in Noida exploded up as people were still rising from the clash of demonetization and trying to understand the new real estate policies. The National capital Region has nearly 2 lakhs unsold inventories and a majority of them are in Noida and its surrounding regions. This unsold inventory would lower the prices of properties in Noida as builders and developers are planning to clear out the unsold inventory first before taking up any new project. Majority of developers have cut down their property prices to clear out their unsold inventories. Those planning to invest in a commercial project in Noida, real estate can make the best of this opportunity as the property prices would soon fire up once the inventory is cleared out.
2. Commercial Property in Noida Is on Growing Step
The commercial property in Noida is also at a growing speed. Many builders and developers in Noida are investing in commercial real estate projects as a business in this city is experiencing positive growth. A number of new offices, co-working spaces, and other enterprises have been established in this city and made it a business hub. Those investing in the commercial property of Noida could be at a great position in future times. Presently, the land cost in Noida is affordable and buying space in commercial areas could turn out to be a great investment in coming times and get amazing returns.
3.Reduced Property Registration Process by the authority
With Real Estate Regulations Act implementation in the whole country, Noida Real Estate Regulatory Authority (RERA) has also planned to interpret the entire property registration process. While earlier, registering the property in Noida or Greater Noida looked like a big challenge, the authorities of the city are implementing new policies and regulatory laws to make property registration in Noida quick and simple. In fact, in many of the real estate hotspots in Noida, the authorities have even facilitated the online property registration process to make everything even more quick and easy. Those planning to invest in Noida real estate can easily upload the needed documents online and get their property registered in a short time.
4. RERA Makes Things Transparent process
The government implemented Real Estate Regulations Act(RERA) in May 2017 to empower the property buyers against the illegal activities of the builders and developers. The Uttar Pradesh Real Estate Regulatory Authority implemented this law to protect the home buyers and increase the investment in the real estate industry. It adds clarity to the entire investment process as the buyers and investors can see previously whether the builder or developer is already registered with the authority or not. Besides, it is also allowing the investors to file any complaint against their agent or promoter by some quick and simple steps.
5. Growing Real Estate Infrastructure in Noida
Another reason why you should surely invest in a commercial project in Noida, real estate is the growing infrastructure in the Delhi NCR. Be it Metro projects, new residential & commercial real estate projects, or road projects & expressways for easy connectivity. The real estate infrastructure in Noida is growing fast. These infrastructure development projects will start to an increase in demand for commercial property in Noida which would grow the value in coming times. Therefore, investing in a commercial project in Noida right now would get high returns in the coming years when these projects have reached completion.
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