This is the right time for home buyers to invest in Noida. Being one of the main development arena of NCR, the demand over realty Noida is peerless. In a recent development to the realty sector of Noida, the National Green Tribunal has demarcated the Eco Sensitive Zone around the Okhla bird sanctuary which is a great relief for the home buyers in the National Capital Region. The much awaited move will open a window of opportunity to the realty investors in Noida. Much inspiring to the customers is that the real estate companies have predicted an increase of 8-15 per cent in the home prices in Noida on the backdrop of clarity on ESZ.
Over 55,000 people are immediately expected to get possession of their flats with the clarity on ESZ, which enables the builders to get their occupancy certificates from government. Over 1 lakh homes, which were in the crippled stage for two years, will also resume with the NGT order. This will create an ideal atmosphere for investments in Noida.
As the constructions resume in the region, state government can earn approximately Rs 2,000 crore in stamp duty. Along with the home buyers, the stake holders also will get their benefits as we can anticipate an economic growth. The Noida Development Authority also will get their dues from the developers.
Hence the ambiguity of the new ESZ will certainly boost the economy of Noida, one of the livable cities in the whole NCR. The property registration in the area will see a huge rise with the finalization of the order, which is expected to be done in a week.
The success in real estate is about clinching at the right time. The stage is well set to be explored. Get ready to be a part of this win-win scenario by investing in properties Noida and gain the fruits of success.