ICCPL PROPERTY NEWS

GREATER NOIDA: THE NEXT RESIDENTIAL AND COMMERCIAL HUB

For long run investors and future home buyers, regions on the edge of Greater Noida, in Greater Noida and Greater Noida West are fast emerging as the key realty hot spots in NCR. A very prominent sight last year was the price appreciation that took place in these regions with over 20 percent recorded; being higher than that of Delhi and Noida itself. Sectors adjoining Greater Noida such as sectors 148, 150, 154, 156 and others also saw a major capital appreciation. As Delhi is becoming saturated and Noida becoming expensive, buyers have started to move forward towards the outskirts of capital where regions in and around Greater Noida are being well focused by the authorities to develop it into a smart city for future. At the same time, the connectivity and location advantage that these regions carry is unmatched. There are two entry points for Greater Noida; one from Delhi via Mahamaya expressway and other from NH 24. The infrastructure and civic amenities are very sound in the region with a lot promised as well.

Big real estate names such as Bhasin Group, JM Housing, Ajnara, Supertech, Jaypee, Amrapali, Antriksh Group, Cosmic group, Gulshan Homz, Saya, KVD, ACE, Gaur and many more have made their presence felt in the region with all getting geared up with their projects. Many residential and commercial projects are underway in the region with wonderful amenities and facilities to pamper their residents and users. Bhasin Group, one of the most promising and emerging players of NCR has come out with a wonder project ‘Grand Venice’ at the gate of Greater Noida, being 2 mins drive from Pari Chowk. With Grand Venice, Bhasin Group has promised Indian customers a little Italy of its own with the kind of architecture, construction, amenities and services. More than a project, Grand Venice is all set to become a major tourist attraction of the country. Speaking of the Italian theme and uniqueness in the project; if you are looking for the famous romantic Gondola ride with your beloved to Venice or if you are looking for shopping travel or even if you are looking to take your family to Singapore or Dubai for underwater world then you don’t need to travel anywhere abroad, as Grand Venice has it all. Spread across 11 acres approx., the commercial project is based on an Italian theme with similar style of architecture used where one can find Light Towers, Leaning tower of Pisa and the most attractive and famous ‘Gondola Boat Rides’ on water canals built inside the mall. The mall also has a centralized weather management system to give the same environment of European weather with a digitalized sky with proper surround sound and visual effects. Mr. Satinder Bhasin, MD, Bhasin Group says “For a project to be successful, its region needs to be such that it is able to provide the correct infrastructure and back up to run the operations smoothly. Greater Noida is all set to transform NCR real estate market with its perfect blend of planning and execution. Grand Venice being one of our very first projects, we are focusing on providing something unique to the customers. Due to heavy impact of globalisation, people are more influenced towards modern living styles and themes as they feel that it more relaxing, entertaining and comforting. We had promised to offer the best modern amenities in the project and something unique to the Indian customers with respect to the concept. By this way, people get the best modern facilities at their perusal”.

After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing enormous appearance of real estate developers for past few years and thus, property appreciation. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in Greater Noida. JM Housing, one of the prominent real estate players of NCR is coming up with a residential project at Greater Noida West by the name of “JM Florence”. The project is offering 3, 4 BHK apartments with lots of modern amenities. Mr. Rupesh Gupta, Director, JM Housing believes that, “As a developer we feel thankful to the state government for providing us with such a place to build. It has got everything that a developer would want for its project. From a prime location and connectivity advantage to open roads, to metro stations, to hospitals, schools and much more to cherish as a commuter and resident. It has got all that we would want to flaunt our project with. After few years this place will be the ultimate destination of NCR for sure”.

Realty major of NCR, Gulshan Homz had recently launched it’s yet another luxurious project ‘Gulshan Bellina’. Being located at Greater Noida West, the project boasts of brilliant connectivity with Noida, Delhi and Ghaziabad. Mr. Deepak Kapoor, Director, Gulshan Homz says “This region being newer than others has received better attention from the authorities and thus, better infrastructure and facilities at public’s disposal. Also, this region holds a price edge over other NCR regions such as Noida, Gurgaon or even Faridabad. Therefore, it becomes easier for buyers to make the correct property decision and developers are able to satisfy the existing and future demand”.

Morpheus Group, an emerging realty major of NCR is coming up with their project “Morpheus Pratiksha”. Luxury needs of residents have been kept in mind as various unique features have been provided such as; Wi-Fi enabled complex, 3 tier security system round the clock, 24X7 automatic power back up & water supply, amphitheatre, automated car wash, Laundromats, exclusive library, lush green lawns, jogging tracks and much more. Mr. Prithvi Raj Kasana, MD, Morpheus Group says, “There is a lot of promise in this region as it gives a magnificent location advantage. This developing region has already received a wonderful feedback from the market and will continue to do so with the kind of infrastructure boost it is receiving as well as the kind of projects coming up here. The best part is the plan for this area. It is being strategically formed and laid out plus the proposed metro station and security services this place will be a big hit in years to come”.

Few developers have already delivered their projects and families have moved in; many are still under construction and a major chunk of realty players are launching new projects in and around the region of Greater Noida. Ajnara India Ltd. a major realty player in NCR is developing its residential project in Greater Noida West “Ajnara Le Garden” providing 2/3 BHK apartments along with all modern facilities. Ashok Gupta, CMD Ajnara India Ltd. says “Greater Noida, at present is the best deal for investment purposes. There is ample of space and scope for improvement and specially with the kind of infrastructure development it has been witnessing; be it Metro connectivity, education sector, health, etc., for the past few years, it is for sure that soon Greater Noida will become the first choice of every modern day investor”.

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