Greater Noida’s distance from New Delhi, which was once a big setback for the area’s growth and infrastructure, has become a boon for it. Earlier, individuals and investors shied away from picking up property in Greater Noida, but that sentiment has changed now. Greater Noida’s real estate is one on the most promising and growing segments.
The city’s distance from Delhi is its biggest asset. The area is bracing up to accommodate the new international airport at Jewar, 160-km long Noida-Agra Taj Expressway and a chick, spank F1 track too. Greater Noida has cinched these massive infrastructural projects only because vast expanses of land are still available there. This is something next to impossible in Delhi and NCR region.
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The NCR (National Capital Region) town of Ghaziabad is undergoing the preliminary phase of rapid economic growth and real estate development. A number of companies in manufacturing and services sector are making huge investments in the city, thereby making it the hotbed for growth and development.
According to real estate consultants, Ghaziabad has a sea of opportunities in store, both from the demand and supply sides. The city enjoys a good connectivity advantage to Delhi. Industry experts believe that, in the next five years the city will have the best infrastructure in the NCR.
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Bangalore real estate has always been a point of focus of the investors, particularly the NRIs. Bangalore is India’s industrial and commercial hub and is one of the fastest growing cosmopolitan cities. This pace of development has added some punch to the city’s real estate segment also. The residential sector here registered a growth of 25% last year.
However, the story is different this year. The demand in residential real estate sector is higher than the supply. As a result, there is a mismatch in Bangalore’s residential sector. The massive demand for residential property is the result of large growth in commercial and industrial sector which has generated lot of employment opportunities in the city. However, the residential sector is not braced up to accommodate this huge influx of new migrants.
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