Planning Authorities of Noida Observing the slow growth rate in Real Estate Sect

Posted by eyehomz on July 25th, 2014

It was expected that after the formation new government in India, the real estate sector will one again take big jump but the situation is same and only a unnoticeable change has been observed in real estate sectors of Delhi-NCR. The experts are of the view there are many dragging forces working on Indian economy and causing the huge unstability in real estate market. In the following lines we are going to figure out the causes of slump of real estate market from the different angles of development. If we talk about Gurgaon then we also get the same situation. So it is better to say this kind of problem became Pan-India and to overcome from this situation the Indian economy need centralized planning for long time measures.

Respectively the Noida region is giving good result in the field of real estate. Gaur sports wood a residential project of Noida extension having great potential power to attract the buyers. Beside it there some other real estate companies which are also doing well. The buyers of these projects are coming from the normal sources but major bunch of clients are still missing in these projects. We are going to discuss on local basis why the real estate market of Noida is facing slump. The first thing is that the slow growth of commercial projects. In this financial year no any big commercial project started in this region and it is well-known fact that the commercial projects always support the residential projects. So we get it that the lack of commercial project lead to low demand of residential project.

If we talk about the prospect of Gurgaon then we have very shocking features. Gurgaon is genuinely growing only in Dwarka Expressway and new projects have been started in quite few months. There are some global as well as the regional for local reasons or local reasons behind it. The very low sales in automobile sector has hampered the growth of Gurgaon. If we take example of the leading automobile manufacture company of India then we see Maruti Udyog Ltd. has sold only few units and they park their cars in land of farmers and giving them good rent of land for parking, so the farmers are not selling their land and this also hampers the growth of real estate sector. But this kind of situation is not available in Noida region , after all the  Noida is unable to woo the clients for its residential projects of Greater Noida West.

It is expected that after the introduction of new budget , Indian economy in electronic sector particularly will take new boom and will lead to open many new opportunities. This will ultimately lead to give the growth rate of commercial sectors and which will ultimately give new hope to residential sector of Noida and Noida Extension. The companies of real estate sectors are collectively making some plan to bring the glorious day of Noida real estate sector back.