Noida was just taking an improvement hike drive (led by the state government) this year. Moreover, the 5 percent hike in the office rental worked successfully for the eastern market of Noida Real Estate. Some of the government directives were the return of unused rental land by developers so as to pay up the pending rent that was due to the authorities. The money which will be collected back will be used for project completion which will dissolve the problems between buyers and builders in Noida.
Noida-Greater Noida metro received a net amount of Rs 406 crore boost from NCR planning board for the better conductivity of the travelers. This particular project worth Rs 5,533 crore will enable comfortable travel in National Capital Region and add strength to the connectivity between NCR towns.
This growth in infrastructure will give a rise to the residential complexes of Noida. Developers are now focusing on providing better-executed societies with mostly 1BHK flats in Noida to meet the affordable housing. This has given a new ray of hope fo those who thought of Noida as a tough city to live in.
These changes in infrastructure seem to have led the year ahead for Noida. Although, the changes will certainly take a time to reflect, till then the residential market, which has already witnessed a fall in property prices by approximately 5% will be much in demand for the buyers.