Tag Archives: Greater Noida real estate

Yamuna Expressway Authority Plots Latest News

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The YEIDA Plot Scheme for Medical Devices Park Prak began on June 12, 2023, and ended on July 3, 2023. The YEIDA Authority has scheduled the scheme’s lucky draw for July 19th, 2023. The plots covered by the plan are in the YEIDA Authority region’s Sector 28. According to the project report, plot allotment for displays up to 4,000 sq m will occur through a lucky draw. The chosen beneficiaries must pay 30% of the total cost of the chart within 60 days of receiving the allotment letter. The ten percent deposit will go toward the thirty percent payment. The buyer must pay the remaining 70% in 10 equal half-yearly installments. The interest rate will be 10% per year. Buyers may be required to pay additional fees such as mortgage processing costs, transfer costs, location costs, and so on. 

The YEIDA Authority has extended the application deadline for the Data Center Park Yamuna Expressway Plot Scheme to Jul 17, 2023

Yamuna Authority has decided to extend the deadline for submitting the Data Center Park Plot Scheme to July 17, 2023. The project is underway in Sector 28, along the Yamuna Expressway. Previously, the deadline for applying to the plot scheme was July 3, 2023. On June 12, 2023, plans were announced, with five data center plots for sale. Under this YEIDA Authority Plot Scheme, the authority has offered three displays measuring 40,000 sq mt and two shows measuring 20,000 sq mt. The power has confirmed that one or two applications came in for each plot. The scheme’s terms and requirements, however, require three applications.

The YEIDA Authority has granted the scheme a 14-day extension to allow interested buyers to submit bids. The prices of 40,000 sq m plots range from Rs 12,819 to Rs 14,100.90 per square meter. The cost of a 20,000-square-meter chart ranges from Rs 14,088 to Rs 15,496 per square meter. The e-auction for the Yamuna Expressway pilot scheme will occur on July 17, 2023, from 11:00 a.m. to 2:00 p.m.  

Soon, the Yamuna Authority will launch the new YEIDA Plot Scheme 2023 near the Jewar International Airport. 

The Yamuna Authority has decided to launch a new YEIDA Plot Scheme near Noida’s Hewar International Airport on July 13, 2023. The authority has confirmed that the residential plot scheme will be subject to the Real Estate Regulation and Development Act (RERA). The new YEIDA Plot Scheme 2023 project report has gone to RERA for approval. The RERA Authority will likely approve it soon. 

Under the scheme, the YEIDA authority intends to offer residential and industrial plots. There will be four residential plots ranging from 120 to 300 square meters. The authority will offer 1351 plots in various Yamuna City sectors, including Sectors 16, 17, 18, 20, and 24. 17.5 percent of the YEIDA Scheme plots will be reserved for farmers whose land parcels have become available for the scheme’s development. 

The YEIDA Scheme plot allocation will more resemble a lucky draw than an e-auction. Participants in the Happy Sketch Contest must deposit a certain amount to participate. The plot allotment rate set by the YEIDA Authority is Rs. 24,600 per square meter. 

YEIDA City: An Overview of YEIDA Plot Schemes 

YEIDA City (previously known as “Yamuna City”) is a greenfield project in Uttar Pradesh and the third city of the Gautham Buddha District after Noida and Greater NOIDA. It is underway over a 25,000-hectare land area along the Yamuna Expressway. The city is home to the NOIDA International Airport at Jewar, which plans to be India’s largest airport, along with an F1 track (Buddh International Circuit), a sports city, an international cricket stadium, and proposed India’s largest Film City. 

The emerging city, which is already a part of the Delhi National Capital Region (NCR), is planned to be developed on a sector-by-sector occasion, with better and cleverer infrastructure. 

The city, once grown, will complement the real estate development in NOIDA and Greater NOIDA. 

The city is underway in the Gautam Buddha Nagar district of Greater NOIDA, along the Yamuna Expressway in Uttar Pradesh. A township is developing between the proposed Eastern Peripheral-Yamuna Expressway intersection and Jewar Airport. It is 45 kilometers from Delhi (via DND Expressway), 14 kilometers from Pari Chowk (in Greater NOIDA), 110 kilometers from Mathura and Vrindavan, and 160 kilometers from Agra.  

YEIDA City (Yamuna Expressway Plot Scheme) Project Facilities 

While the Buddh International Circuit (F1 Track) and NOIDA Cricket Stadium (or Tehra Cricket Stadium) with a seating capacity of 25,000 people are already operational in Sector 21A, the city’s residential development includes authority-allocated plots with private development in the form of Gaur Yamuna City and Ajnara Panorama.  

The total area of YEIDA City in terms of layout is 24,739 hectares. Around 26% of this is planned for industrial use and 19% for residential use. The city’s green area coverage is expected to be 5,148 hectares or 22%. YEIDA covers a total area of 2,688 square kilometers. 

An upcoming MSME cluster, toy park, furniture, apparel park, handicraft park, and three hotels in the city, including a three-star hotel (2.5 acres), a four-star hotel (5 acres), and five-star hotel (10acres), are also planned by the authority. While YEIDA has approved land for three community health centers and a girls’ inter-college, Gaursons Group is working on constructing a 108-foot-tall statue of Lord Krishna (India’s tallest) in its Gaur Yamuna City, along with a grand temple. 

Other private developers have begun to flock to the city, offering a modern lifestyle in various integrated townships, with offerings ranging from high-rise apartments to luxury villas to commercial properties. 

Cheap Agriculture Land & Farms for Sale Near You and Noida

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Contrary to popular belief, buying agricultural land is simple. However, you should be aware that investing in residential land parcels is not the same as buying such land. When you want to buy agricultural land, make a list and weigh the benefits and drawbacks of doing so. To make an informed decision about investing, you should also learn the paperwork needed to purchase agricultural land in Noida. 

What is the agricultural land investment checklist?

  • Check your area’s laws on buying and selling agricultural land in Noida. Before investing, this is essential.  
  • The maximum amount of agricultural land that may be purchased exists. 
  • Make it clear if you plan to cultivate the land yourself in addition to the returns you expect and whether you also intend to build a farmhouse. You may be leasing the agricultural land to someone for money. 
  • Farming demands perseverance, skill, and hard work. It’s not easy as many people these days make it seem. 
  • The legal title of the land parcel should be clear and transparent. You can find out all the details about the seller and plot by visiting the place in Noida and contacting the local registration, land revenue, and other authorities. 
  • To learn more about the number of owners of the agricultural land parcel and its registration history, check the encumbrance certificate. 
  • Location is essential: if the plot is included in a government development project or master plan, you might receive a higher return. Returns might also be higher if your property is close to future infrastructure projects like a highway, airport, or special economic zone (SEZ).
  • If the government decides to buy your property, you will be compensated at fair market value. You will get consistent returns if you donate your land to any government land pooling programs. 
  • Investing in the application process if you want to convert agricultural land to living space. The conversion procedure is demanding, with many rules in place. 

What types of documents are required to purchase agricultural land in Noida?

  • Extracts from 6/12, 8A, and 7/12 
  • The village’s map or Naksha 
  • Revenue from the land revenue department’s taxes 
  • If there is a conveyance or registration deed 
  • Report on soil analysis 
  • Obligation certificate
  • The original title to the land 
  • Patta book or papers on mutation 
  • Khata documents. 

Due to the current construction in Noida and the high demand for land, land’s cost has increased significantly over the past few years. The price is expected to increase by another 15% to 20% annually. As a result, an investor can project a 100% return over the following five years. The Yamuna Expressway plot has recently attracted a lot of investors, but some feel left out now that the price has risen and appears to be beyond their means. To them, investing in agricultural land close to Noida is the best option. There are many affordable options for agricultural land in Noida. 

The benefits of purchasing agricultural land near Noida are as follows: 

Price affordability

The price range for plots developed by the authority is between $ 25,000 and $ 35,000. In contrast, the price range for plots developed by private developers is $50,000–$60,000. However, depending on location, the cost of the agricultural land near Jewar Airport ranges from 1500 to 1700 per square meter.  

Probability of Acquiring Land 

There is a chance that agricultural land will be acquired for future development near the airport, which would immediately drive up the cost of agricultural land in Noida. The acquisition rate during the first phase was between 2300 and 2500 per square meter. Additionally, you can look at projects on the Yamuna Expressway, Noida Expressway, Greater Noida, and Noida Extension for sale in Noida.  

Prime residential plots in prime locations: chances of getting one 

If the authority buys a farmer’s farmland, the farmer may receive a plot. The land is offered in a fully built-out neighborhood. The land is always more expensive than purchased farmland.

Agricultural land for sale in Greater Noida 

Given that we already know that airport construction is underway, there is a high demand for agricultural land in Greater Noida and along the Yamuna Expressway. We have a lot of agricultural lands available for sale where you can use them for agricultural purposes or get a good return on investment in 3-4 years. Due to the influx of investors and end users looking to purchase prime agricultural land in Greater Noida over the past few years, the price of agricultural land has increased. Although the cost of agricultural land in Greater Noida is now very affordable, prices will eventually rise. 

Greater Noida currently has reasonable prices for agricultural land for sale. Any agricultural land in Greater Noida is best purchased right now. Different-sized land parcels are now offered, and a transaction can be facilitated quickly. One of the many uses for agricultural land is construction. When agricultural land is invested, the return on the investment can double within three to four years. This area is developing quite well, and a lot of infrastructure is being built there. Additionally, there are numerous colleges and universities in this region. There is going to be a massive apartment area in Greater Noida.

Best Property Dealers in Greater Noida Uttar Pradesh

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In difficult times, most people seek out every opportunity to reduce expenses. Who wouldn’t want to save an additional 3% on a home purchase, or $3,000 per $100,000 sale price? Buyer’s agents typically earn that amount on real estate deals, and many experts believe it is money well spent. 

Anyone can look at houses and tour them without formally working with a property dealer in Noida. A property dealer, however, can match you with the ideal property much more quickly if you make home hunting a part-time job. 

Let’s say you desire a pool or choose not to have one. You may want a kid’s playroom in the basement or a dog’s enclosed yard. If you have a specific home in mind, a property dealer is best suited to determine whether such a home exists and will also guide you through the purchasing process. 

Let’s examine some of the top advantages of working with a property dealer to purchase a home in Noida. 

Experience: 

If you want to purchase a property in Greater Noida, hire a knowledgeable and experienced dealer. He will successfully guide you through buying a property by securing a loan, arranging for the inspection and repairs, concluding a title search, and other steps due to his experience and knowledge. 

Information on market conditions: 

Market conditions determine the selling and buying prices; real estate agents know the market history and current conditions. The agent knows the average price per square foot of comparable homes, the median and average sales prices, and the ratio of supply to demand in the local micro markets.

Negotiation skills 

Unlike most buyers and sellers, property dealers can detach themselves from the feelings of the transaction, which allows them to negotiate effectively. They can evaluate the worth of a house based on their experience, so they can tell if the seller is asking for more. Some others think the agent only thinks about his commission, but this is untrue. He has a job to perform, and it’s up to him to get you the best deal on the house you want. He’s paid for it, and he understands it very well. 

Neighborhood knowledge 

When you need to learn more about a property’s neighborhood, a dealer can help. They can tell you everything from the selling history of the house across the street to information about the schools in the area. They can forecast the best-selling price of a property using their extensive database. 

Property dealers work as buffers.

When you show up or visit the property, dealers remove the spam. If you’re a new home buyer, your agent will draw a sword and keep the builder’s agents at a distance so they can’t bite you or nibble at your heels. If you’re a seller, your agent will screen out calls and work to get only serious buyers to submit an offer right away. 

Characteristics of an efficient property dealer in Greater Noida 

An efficient real estate agent can easily facilitate a successful transaction. Different roles for a property dealer include consultant, marketer, business manager, analyst, advocate, and negotiator, among others. The followings are the best qualities and distinguishing traits of a property dealer in Greater Noida:

  • Problem-solver: While there may be multiple problems, a successful property dealer can quickly find an original solution. They are adept at resolving real estate issues and have developed creative marketing plans to attract the right clients.  
  •  Self-driven: To succeed, a property dealer needs to be highly driven and able to make intelligent decisions.
  • Integrity: In a career as a property dealer, you need a solid professional reputation. A reputation can be demonstrated, such as by upholding high moral standards.
  • Hustle: It takes a lot of energy to succeed as an excellent property dealer. To have a happy client, real estate agents should be driven to follow up on every lead they receive throughout their careers. Working efficiently is just as important as putting in the necessary time. An efficient real estate agent should know every proper practice needed to close the deal.
  • Building a network of contacts within the real estate industry is one of the property dealer’s successful traits. Home inspectors, buyers, sellers, brokers, and other industry officials should be on the list of connections. 
  • The phrase “knowledge is power” is well-known. Property dealers will attract more clients if they stay current on all estate-related topics in their local markets.

An agent is your ally, whether you’re buying or selling a home. As you can see, using a real estate agent has many advantages. Remember that the growth of agents’ and realtors’ businesses depends on referrals. In other words, they’ll go above and beyond to ensure you’re happy and satisfied with their service so you can tell your friends and family about them. Additionally, the agent you choose will be there for you when you need to sell or purchase another property. This is an additional benefit and a further justification for hiring a real estate agent.

Noida Authority Proposes To Build Two Bridges

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Noida Authority has, on last Friday, said that they are planning to construct two bridges across the Yamuna to facilitate better connectivity between Noida and Faridabad.

DELHI NCR: Noida Authority believes that the troubles of the daily commuters of Noida will be cut short if two bridges across the Yamuna are built. With this proposal the authority has approached Haryana Urban Development Authority. Continue reading →

NCR Residential Market Hit by Delayed Projects

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Delayed projects have hit the NCR residential market. Due to the delay of projects the home sales have dipped in the NCR.

NCR residential market is affected by construction delay.

NCR residential market is affected by construction delay.

DELHI-NCR: The prospective buyers are nailed by delay in projects. As per a recent report by Knight Frank states that new launches in the Delhi-NCR has fallen by 31%. It has adversely affected the NCR residential market.

As per the report, NCR residential market has nearly 1,40,000 unsold inventories. Out of this, over 27% is under construction.

As per the Knight Frank India report the 33,500 units were launched in the second half of 2012-13. This shows a fall of 31%. Global property consultant firm warns that the launches will see slowdown in the coming months too, affecting the largest residential market.

Developers are finding it really hard to complete the projects. The escalating prices of raw materials make construction costlier. This prompts the developers to invest more. Difficulty in finding sufficient fund is thus another reason for delayed projects. Continue reading →

Ghaziabad -Gr Noida Link Rd To Boost Realty In Ghaziabad

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Realty market in Ghaziabad is likely to grow with the arrival of new 22 Km –long link road connecting Ghaziabad and Greater Noida.

Ghaziabad to see real estate growth with the launch of link road.

Ghaziabad to see real estate growth with the launch of link road.

Ghaziabad will witness the growth of realty in the city. This is made sure with the resume of construction of the Ghaziabad – Greater Noida link road. The 22 Km –long link road will connect the city to the Zeta sector.

The proposed link road is expected to reduce the commuting hours. Further it will take away the amount of traffic on NH-24.  As connectivity plays a greater role in any of the area’s real estate development, the builders are already planning to develop projects in this link–road corridor. The area falls under Ghaziabad Development Authority. Continue reading →