New Property Project Launches in NCR offer Discounts

New discounted property and price cuts in residential projects offered by different real estate companies in India who have actually led to pick-up of sales volumes throughout cities. New real estate project launches at appealing costs to the customers, price cuts and schemes available to draw in purchasers and launches by distinguished designer brand names led to pick-up the sales of various projects in January to March duration.

Last couple of months we noticed that the property demand in Gurgaon is slow down just because of new project launches is very slow as builders are focus on the project execution as well as project clearance. Increasing the property cost is influencing the demand of gurgaon properties.

We think this cost recognition is unsustainable and rates will have to stay and fix subdued over the coming 2-3 years. Many of new residential project launches throughout January to March 2013 have been at the much lower cost compare to normal market costs.

Bangalore experienced biggest residential sales in a 2008 quarter, primarily led by spurt of new project launches in run-up to the local new financial year in April and discounted price, as property rates here have actually increased by CAGR of 8% in last 10 years.

Increase in number of property investors in Bangalore and end users becoming more comfortable with high salary and job safety in recent year have actually resulted in the boost in property sales in Bangalore.

In respect of budged friendly property in Tier-1 cities, Noida is a no. 1 choice for everyone. Despite the budged friendly city, Noida's property rates has actually continued to be subdued and unsold various property projects remains to increase considering that 2010.

We preserve an unfavorable outlook on Noida and Greater Noida as we think builders will more struggle in regards to timely possession than project sales. We restate that timely possession will be the differentiating considers this area in near future. If builder concentrate on the timely deliver their project in coming years then thousand of inventory will come in the market and slow down the property price in Noida. That’s the big reason Noida property developers are focusing on the market their newly launched project rather than timely possession of old projects. They offer various discounts and gifts to the customers in their newly launched projects and want to sell various unsold inventory.

Some of the real estate projects are remaining unsold across India even the discount offered by builders. For these types of unsold inventory builders offer 50:50 scheme and want sell off as soon as possible.

Delhi Metro Boom Noida Real Estate Market

Last week, Uttar Pradesh government announces two new routes of Delhi Metro in Noida and has been referred to the Ministry of Urban Development in the center government. After receiving approval from the center government Delhi Metro work will be embarking on two new lines in Noida. 

Incoming line from Dwarka to City Centre (Sector 32 Noida) will be extended to Sector 62 Noida and second line will be connected to Botanical Garden to Kalindi Kunj. After completion of this line, it becomes much easier to get Delhi from Noida. Delhi is a capital of India and large number of people coming from Delhi to Noida for job and they want easy accessibility from Delhi to Noida.

Realty experts say both route will be critical in the coming years for real estate market in Noida. Because going from Noida to Delhi via Metro to get two lines will be facilitate While City center Metro line of Noida reaching to those sectors which is Commercial and Institutional wise very special.

Delhi Metro Noida Route and Stations

Botanical Garden to Kalindi Kunj Metro track will be 3.96 kilometer. On the route, Okhla Bird Sanctuary station will be built between these two stations. This project will be cost Rs. 845 Crore and it is scheduled for completion by 2016. After the completion of this route, Botanical Garden will become an interchange station as well as thousand of passengers will be happy which is going to South Delhi and Faridabad from Noida.

The second line from City Centre to Sector 62 Noida will be 6.65 km long and it has six stations to build. These stations will be sector 34 Noida, sector 52 Noida, sector 61 Noida, sector 59 Noida, sector 62 Noida and Electronic City. Construction of this project will cost Rs 1816 Crore. Major thing is that both are elevated lines and you can see running the Metro with the average of 32 kilometers per hour.

Benefit of New Metro Route to Noida

Kalindi Kunj route would be more beneficial for Delhi's people and Sector 62 Route will benefit to other cities of people as well. Electronic city commercial sectors will get the direct benefit from this route. Passengers who live in Indirapuram, they can also get the benefit from this route; they need to just surpass the highway to take the Metro.

We seen in the past, where Delhi Metro is reached, there is an increase in the rental price as well as selling price of property. Same thing you will be seen in the Noida Real Estate Market. After running both these projects you can see 50% property prices rise in Noida Realty Market.