Should you invest in Noida or Greater Noida?

The questions plagues many investors and individuals today, whether they should invest in Noida or Greater Noida is a better realty choice in this matter. We put together some valid arguments so that you can access and analyse the best suited option for you as an investor.

•    "Greater Noida was designed as an integrated township, but industrial land, particularly in Greater Noida West, has been diverted to residential projects. Attracting industry is hard, while cutting plots for builders is easy and lucrative. In the five years, GNIDA has allotted 400 industrial sites of which small scale units 50 have started work. But a majority are micro enterprises employing between 20 and 50 workers each.” Says a GNIDA official to the Business Standard. Noida also started off in a similar fashion, however it is much more developed and evolved market as of now.

•    Greater Noida suddenly saw a rise of real estate activity between the years 2009 and 2011. There were a number of apartments for sale in Greater Noida that were presented to the market, but the new land acquisition act and the eventual increase in property prices have deterred the home buyers from investing here. According to a report by JLL India, there are over 200,000 apartments for sale in 
Greater Noida, out of which only 40 % of inventory is sold. There has been delay in projects and there has been an issue with local builders delivering projects very late as compared to the actual date of handover. This has brought the real estate market here to a halt. But Noida however is a much more evolved market. Prices have seen fluctuation, but it hasn’t been unambiguous. Certain localities command a higher price than others and there is a clear cut distinction. The stability in the Noida market is what makes it a better investment choice

•    Properties in Noida are a good investment choice for low risk investors, Greater Noida poses much higher risk and a gestation period as compared to Greater Noida.

•    If you are looking to invest in plots then Greater Noida is a better investment option for you. Noida has limited land availability and that has resulted in rapid increase in prices. However if you are looking to invest in apartments Noida is definitely a better bet. Project are delivered on time and there is stability in price of properties in Noida.
•    Looking to invest in commercial real estate? Pick Noida and not Greater Noida. As of today, there is almost 70 percent of unoccupied office space area is Greater Noida and individual investors have suffered losses because of this. They paid a premium price to acquire this land, however it hasn’t reaped any substantial benefits.
•    These are a few points you can consider if you are looking to invest in any of these areas. However the market and its evolution is natural and Greater Noida will evolve sooner or later. But the gestation period is long. And the ones with deep pockets can actually afford this long gestation period. However you investment in Noida is safe for now and rental market is also stable.

Why you should think about investing in micro markets in GST Road

Perungalathur
A property in Chennai such as an individual house located in this micro market can cost about INR 4400 per square feet on average. About a year ago the going rate for this property type stood at INR 5900 per square feet on average. This is a drop of about 25% over the last year. 

The going rate for apartments here between April and June 2014 stood at INR 4100 per square on average. This was a drop of about 1% when compared to the previous quarter when the prices stood at INR 4200 per square feet on average. In the 2nd quarter of the year 2013 the asking price for apartments here stood at INR 3900 per square feet on average which was a drop of about 4% when compared to the previous quarter. In the third quarter the prices went up by about 2% and stood at INR 4000 per square feet on average.

Guduvanchery
A property in Chennai such as an individual house located in this micro market can cost about INR 4400 per square feet on average. About a year ago the going rate for this property type stood at INR 4600 per square feet on average. This is a drop of about 5% over the last year. 

If you are looking for property in Chennai then Guduvanchery is one of the best places to begin at for affordable ones. The going rate for apartments here between April and June 2014 stood at INR 3200 per square on average. This was a drop of about 7% when compared to the previous quarter when the prices stood at INR 3500 per square feet on average. In the 2nd quarter of the year 2013 the asking price for apartments here stood at INR 3600 per square feet on average which was an increase of about 10% when compared to the previous quarter. In the third quarter the prices took a dip of about 13% and stood at INR 3100 per square feet on average.

Vandalur
A property in Chennai such as an individual house located in this micro market can cost about INR 3600 per square feet on average. About a year ago the going rate for this property type stood at INR 5900 per square feet on average. This is a drop of about 39% over the last year. 

The going rate for apartments in chennai here between April and June 2014 stood at INR 4000 per square on average. This was a drop of about 6% when compared to the previous quarter when the prices stood at INR 4200 per square feet on average. In the 2nd quarter of the year 2013 the asking price for apartments here stood at INR 4000 per square feet on average which was an increase of about 8% when compared to the previous quarter. In the third quarter the prices went up by about 12% and stood at INR 4500 per square feet on average. Looking at the price trends in this micro market, Vandalur is also another place that should be on your radar if you are looking to buy flats to buy in Chennai.

Indirapuram-One of Delhi NCR’s in demand localities

Indirapuram is a locality situated in Delhi National Capital Region’s Ghaziabad city. It is considered to be one of the fast developing and posh localities in this region and Properties in Indirapuram are in demand these days. Its location and connectivity are the key selling points for this locality.

Indirapuram is strategically placed on the National Highway 24. The Indira Gandhi International Airport is at a distance of 32 kms from this locality through the NH 24. Through the NH 24 it is well connected to Delhi and even Noida. Since it is located close to these cities, it is a market which is preferred by those who are working out of these cities. 

 Indirapuram also has metro connectivity through a station in Vaishali. The locality is also set to get its own metro station. The Uttar Pradesh government has approved a metro line from Noida City Centre to Electronic City  flats in Noida. Increased connectivity leads to an increase in property rates. The metro connectivity which this locality is set to recieve will definitely serve to increase rates of properties in Indirapuram. Taking just the connectivity offered by this locality into consideration it is not hard to see why apartments for sale in Indirapuram are much sought after.

Indirapuram is not lacking social infrastructure either. The locality possesses sound social infrastructure in terms of quality educational institutions and healthcare facilities. Your entertainment needs also are taken care of as there are plenty of malls present here.

The going rate for properties such as apartments for sale in Indirapuram is INR 5700 per sq ft on average. Once the metro connectivity hits this micro market property rates here will increase by 20 to 30% overtime.
 
Indirapuram has properties for every segment. Riding on the back good connectivity, location and improvements in infrastructure the only place properties in Indirapuram can go is upwards.

Why investing in plots in Ambattur makes sense

North Chennai is well on its way to becoming a booming real estate destination in Chennai City. With south Chennai heading towards saturation and property rates there being very expensive, areas in north Chennai have become popular. One such micro market is Ambattur. The area was primarily known to be an industrial hub and was populated by blue collar workers. The scenario has now changed with many Information Technology companies setting up base there and looking for commercial properties for sale in Ambattur.

The going rate for plots in Ambattur stood at INR 2600 per square feet on average in the last quarter of 2012. In the first quarter of 2013 the going rate stood at INR 2900 per square feet on average. This was an increase of 11% when compared to the last quarter of that year. In the second quarter of that year the going rate for plots here stood at INR 2400 per square feet on average. This is a dip of about 17% in the price for properties in chennai. In the third quarter of that year the going rate remained unchanged. But in the last quarter of that year the going rate jumped to about INR 3200 per square feet on average. This was an increase of about 33% when compared to the previous quarter. In the first quarter of the 2014 the going rate stood at INR 3000 per square feet. There was a marginal dip in prices again the second quarter of 2014 as they stood at INR 2900 per square feet. Currently the going rate for plots here stands at INR 3600 per square feet on average.

The going rate for apartments in this micro market currently stands at INR 4100 per square feet. This is an increase of about 3% when compared to the previous quarter. In the third quarter of 2013 the going rate for apartments here stood at INR 3400 per square feet on average which was a dip of about 14% when compared to the previous quarter. In the last quarter of that year the going rate stood at INR 5000 per square which was tremendous leap of about 50% in prices. In the first quarter of 2014 the going rate once again dipped to about 21% and stood at INR 4000 per square feet. The going rate for individual homes here stands at INR 5500 per square feet on average. About a year ago the going rate for this type of property stood at INR 6000 per square feet.

There is maximum demand for  apartments in chennai.  This is followed by 1 BHKs. The most preferred unit size for apartments here falls between 751 and 1000 square feet. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on apartments here. One can easily purchase a 3 BHK apartment here within a budget of INR 40 to 50 lakhs. Investing in residential or commercial properties for sale in Ambattur can be a good decision.

Where to look for apartments in Chennai west

Porur

Porur is one of the most well-known suburbs in the western part of the city. It is home to many IT parks and has a slew of arterial roads running through it. Hence it is remains popular among home buyers. 

The going rate for apartments in Chennai located in Porur stands at INR 5100 per square feet on average. This is a drop of 2% when compared to the previous quarter when the going rate stood at INR 5200 per square feet on average. A year ago in the third quarter of 2013 the going rate stood at INR 5200 per square feet on average. This was a drop of 20% in prices when compared to the second quarter of that year. In the last quarter of that year the going rate jumped up by 12% and the stood at INR 5800 per square feet on average. The going rate for an individual house for sale in Chennai located in this micro market currently stands at INR 5100 per square feet on average. The going rate for the same stood at INR 5200 per square feet a year ago. 

Iyyapanthangal

Iyyapanthangal is located in the western part of Chennai. It is situated close to Porur and has benefited from the demand for properties located in Porur.

The going rate for apartments in Chennai located in Iyyapanthangal stands at INR 4100 per square feet on average. This is a marginal drop of 1% when compared to the previous quarter when the going rate stood at INR 4125 per square feet on average. A year ago in the third quarter of 2013 the going rate stood at INR 4000 per square feet on average. This was a 12% decrease in prices when compared to the previous quarter. In the last quarter of that year the going rate increased marginally by 2% and the prices stood at INR 4080 per square feet on average. The going rate for an individual house for sale in Chennai located in this micro market currently stands at INR 7500 per square feet on average. The going rate for the same stood at INR 5100 per square feet a year ago. This an appreciation of about 47% over the past one year. 

KK Nagar

KK Nagar is one of the more well established micro markets in the western part of Chennai

The going rate for apartments in Chennai located in this micro market stands at INR 15400 per square feet on average. This is a huge increase of 42% when compared to the previous quarter when the going rate stood at INR 11000 per square feet on average. In the third quarter of 2013 the going rate stood at INR 10000 per square feet on average. In the last quarter of that year the going rate went up by 16% and the stood at INR 11600 per square feet on average. The going rate for an individual house for sale in chennai located in this micro market currently stands at INR 15500 per square feet on average. 

Yamuna Expressway turns into an investor’s haven

Yamuna Expressway in the National Capital Region is one of the emerging investment options today. It has become the hub of real estate development since it became operational. The Expressway stretches along 165 km starting from Noida progressing to Greater Noida and Agra. The Yamuna Expressway crossing these two important cities of Noida and Greater Noida has certainly spurred the realty activity in the region. These two areas are well developed and the Expressway adds to the connectivity of the region and appreciating prices of property in Yamuna Expressway.

Areas in Noida are developed and today stands in the forefront of restrictive land availability. The land is becoming exclusive and private and builders have individuals have to pay a hefty price for own a land in Noida. 

As in the case of many developed areas, appreciation of property is dependent on its location and return on investment mostly come through rentals. But with the coming of property in Yamuna Expressway it has opened up many opportunities for individuals and builders to invest in the peripheries of the National Capital Region.

Major developers like Jaypee Builders have already announced projects along the expressway. They have been said to acquire huge plots in Yamuna Expressway for the same. The major attractions that brings investors to this area is the F1 track in the vicinity and its close proximity to one of the most revered tourist spot in the country, Agra. Major developments have been planned keeping in mind its strategic location. 

For now the expressway and the connectivity it provides is the only major infrastructure development in the area. With the successful operation of the opportunities provided by the Yamuna Expressway, government and the development authorities have charted out other major infrastructure projects to cover this region. Although this might take a few more years to come to life, for the ones investing in plots in Yamuna Expressway, this is good news. 

Your property is sure to appreciate by 30 to 50 percent if industry experts are to be believed. Another major attraction factor for the investor remains its close proximity to the developing regions like Greater Noida. There is a lot of real estate activity going on in these regions, which will further translate and expand to its neighbouring territories. Things are surely looking up for the Yamuna Expressway stretch.

Prices of multi storey apartments have remained stable over the over. Today one can buy an apartment for a reasonable cost here. Affordable housing projects also show good prospect in the region. Residential plots however have shown good demand with an appreciation of 30 to 40 percent in the past year. Plots can be considered an ideal investment choice in the region for the ones not looking to reside here. Rental values in the area for now are low and is said to pick up in the following years. The appreciation of rental and capital value will be a slow process and will show a significant change only in the next few years.

Author Bio:

Sulabha Kulkarni is a freelance writer and an avid blogger, following the real estate sector and property in noida closely for many years. Her areas of expertise are finance, apartments in chennai and real estate sector in India 

Top Three Residential Localities in Bangalore

Marathahalli

Marathahalli is an IT hub located in the eastern part of Bangalore. The going rate for apartments located in this micro market stands at INR 3600 per square feet on average. Individual homes and villas cost INR 7900 per square feet on average. 2 BHK apartments for sale in Bangalore located in this micro market are the most in demand. This is followed by 3 BHKs. 1 BHK apartments for sale in Bangalore located here come in at third place. The most preferred unit size for apartments here falls between 1001 and 1250 square feet. This is followed by the 1251 to 1500 square feet range. 

Buyers are most willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 40 to 50 lakhs range. They are most willing to spend anywhere between INR 3001 to 3500 per square feet on apartments here. This is followed by the 3501 to 4000 per square feet range.

Yelahanka

Yelahanka is located in the northern part of Bangalore which has become quite popular among home buyers. The going rate for apartments located in this micro market stands at INR 5600 per square feet on average. Villas in Yelahanka can cost anywhere between INR 7000 to 13000 per square feet depending on the amenities offered. 2 BHK apartments for sale in Bangalore located in this micro market are the most in demand. This is followed by 3 BHKs. The most preferred unit size for apartments here falls between 1001 and 1250 square feet. 

This is followed by the less than 500 square feet range. Buyers are most willing to spend anywhere between INR 20 to 30 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range. The INR 2000 per square feet range or more is the most popular per square feet budget range here. This is followed by the 2501 to 3000 per square feet range.

Sarjapur Road

Sarjapur Road is one of popular upcoming micro markets in Bangalore located in the south eastern part of the city. The going rate for apartments located in this micro market stands at INR 7900 per square feet on average. Individual homes and villas cost INR 6000 to 7000 per square feet. 2 BHK apartments located in this micro market are the most in demand. This is followed by 3 BHKs. 1 BHK apartments for sale in Bangalore located here come in at third place. The most preferred unit size for apartments here falls between 1001 and 1250 square feet.

 This is followed by the 1251 to 1500 square feet range. Buyers are most willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range. Buyers here are willing to spend an amount which is equal to or more than INR 2000 per square feet on apartments. This is followed by the INR 3001 to 3500 per square feet range.