Investment in Real Estate Sector in NCR- A High Pay Master

Author:Priyanka Saroha1*, S.K.S. Yadav2, R.S. Meena3

Abstract:
Delhi NCR’s most attractive affordable destination, Noida Extension, now called Greater Noida (West), has passed through a troubled phase. After about a year, the deadlock is finally broken, re-igniting hopes of more than a lakh home buyers Greater Noida (West) -- a brand new name and hopefully a new chapter of growth for the upcoming real estate hub! Earlier, developers had coined the name ‘Noida Extension’ to differentiate it from both Noida and Greater Noida. But now this area, under the jurisdiction of Greater Noida Industrial Development Authority (GNIDA), has been rechristened. The another vast stretch along the swanky Yamuna Expressway promises to spawn real estate development in a big way. Thanks to availability of huge land parcels, sound infrastructure and affordable prices for middle class people. Whatever we term it, the area, which has been through a rough one year when the land acquisition row stalled all construction and development work, is yearning for a new beginning now. Thus, Noida Extension, Yamuna way and Gurgaon pay masters for those who are willing to invest in real estate since it is newly and vibrantly developing area near Delhi.

Keywords:Keywords: GNIDA, NCR Planning Board, Yamuna Express way, Mega Project, Demand gap, Value gap.

DOI:

International Journal of Trade & Commerce (Vol: 2 Issue:2)