With positive sentiments back into the real estate sector and favorable economic environment, there’s a whole new class of real estate developers entering the market. Important events like the Reserve Bank of India (RBI) lowering key interest rates, relaxation of FDI norms in construction sector and unveiling of ‘Make-in-India’ campaign, have made the real estate sector once again a booming industry for investment.
Generally it is found that construction of commercial properties is the first choice for developers as they give them better return on investment and were easily sold out. But in Delhi NCR region especially in Noida, we’ve witnessed a different trend in the past few years. New developers are concentrating more on the construction of residential properties in Noida rather than commercial projects. We try to find out the reasons for this.
As for new developers, reputation and finances are major concerns to start a new project. While commercial projects entail high development cost and execution resources, residential properties can be built even on small land with comparatively less capital. You can find residential projects in Noida constructed on small plots as small as half an acre, and also on large land parcels that go up to 20 acres.
Moreover, for the commercial projects, reputation of the real estate company plays a significant role in attracting investors. While start-up developers do not have the requisite track record and much capital to invest in, building residential properties become a preferable option to them.
The development of residential properties takes less time in comparison to the gestation period for commercial projects. Residential properties are sold out easily within 1-3 years of completion in compliance with the huge demand for affordable residential projects in Noida and other NCR regions. There’s also a benefit of immediate cash flows from residential properties in the form of bookings even before the construction starts, while rent from commercial projects can be received only after completion of the project.
Looking at the huge demand for residential properties in Noida, Unnati Fortune Group brings one of its most prestigious residential projects – The Aranya, in the fully inhabited sector 119 of Noida. The Aranya is based on Green Building Concept and is fully connected with Noida Expressway, FNG corridor, Noida City Centre Metro Station and proposed metro line in Noida.
With Noida becoming a hub for new enterprises and businesses, more people are coming to the city than ever before; this will certainly lead to construction of more residential projects in Noida and emergence of new real estate developers in the years ahead.
For more information about Unnati Fortune Group login to: http://www.unnatifortune.com
Follow Mr. Anil Mithas on twitter: https://www.twitter.com/anilmithas
Follow Mr. Anil Mithas on Facebook: www.Facebook.com/anilmithasufg
Generally it is found that construction of commercial properties is the first choice for developers as they give them better return on investment and were easily sold out. But in Delhi NCR region especially in Noida, we’ve witnessed a different trend in the past few years. New developers are concentrating more on the construction of residential properties in Noida rather than commercial projects. We try to find out the reasons for this.
As for new developers, reputation and finances are major concerns to start a new project. While commercial projects entail high development cost and execution resources, residential properties can be built even on small land with comparatively less capital. You can find residential projects in Noida constructed on small plots as small as half an acre, and also on large land parcels that go up to 20 acres.
Moreover, for the commercial projects, reputation of the real estate company plays a significant role in attracting investors. While start-up developers do not have the requisite track record and much capital to invest in, building residential properties become a preferable option to them.
The development of residential properties takes less time in comparison to the gestation period for commercial projects. Residential properties are sold out easily within 1-3 years of completion in compliance with the huge demand for affordable residential projects in Noida and other NCR regions. There’s also a benefit of immediate cash flows from residential properties in the form of bookings even before the construction starts, while rent from commercial projects can be received only after completion of the project.
Looking at the huge demand for residential properties in Noida, Unnati Fortune Group brings one of its most prestigious residential projects – The Aranya, in the fully inhabited sector 119 of Noida. The Aranya is based on Green Building Concept and is fully connected with Noida Expressway, FNG corridor, Noida City Centre Metro Station and proposed metro line in Noida.
With Noida becoming a hub for new enterprises and businesses, more people are coming to the city than ever before; this will certainly lead to construction of more residential projects in Noida and emergence of new real estate developers in the years ahead.
For more information about Unnati Fortune Group login to: http://www.unnatifortune.com
Follow Mr. Anil Mithas on twitter: https://www.twitter.com/anilmithas
Follow Mr. Anil Mithas on Facebook: www.Facebook.com/anilmithasufg