Farmers' Protest in Greater Noida: Problem or Not a Problem?

Excellent infrastructural developments, proximity to Delhi, moderately low property prices turned out to be the reasons behind the growth of the real estate development of the city in the past few years. Over a dozen of projects have been launched since the time Yamuna Expressway was announced. Leading developer in this group was of course Jaypee Group; the builder has bought sweeps of land on both sides of the Yamuna expressway at a very low price from the Mayawati Government in lieu of developing the expressway itself. The F1 race track, the night safari, proposed airport and the stadium on the expressway are the highlight projects around the region in the vicinity that are nearing their respective completion dates.

Renowned developers active in Delhi-NCR like Supertech, 3C's, Jaypee, Earth Infrastructure, Amrapali, Gaursons, Panchsheel, Ajnara and others have made maximum profits from the projects around expressway. Brokers opine that the farmers' protest will have no impact on the prices of the projects around the expressway. They further added that the apartments will be sold at the current prices only and nothing less or more.

Farmers' Protest: Current Scenario

For past couple of weeks Noida has been creating news headlines, though not for correct reasons, farmers residing in the villages in and around expressway are demanding a higher compensation for their land that was purchased by the UP Government for the construction and development of the Rs 9739 crores Yamuna Expressway. Though there might be a disagreement about the nature and quantum of the impact of protest, but there will a unanimous opinion on the fact that political color is attached to it and as result of this protest a number of projects will be affected. The result of the protest has affected the investor's interest in the region and might be held back on the whole.

As per the market experts, the protest was used as a medium to create a buzz in the current U.P. political scenario. Realtors working the region believe that farmers' protest is a political issue and will remain a hot topic till the next U.P. assembly elections that will be taking place in 2012. As the opposition parties don't have many issues against the BSP government to be highlighted they will surely try and keep the farmers' protest burning and alive till the elections to gain maximum benefits out of it. In spite of the protest, the agents still feel that the expressway is an excellent investment option and the prices will certainly go up in the long duration of time.

The agitation has started from Noida Extension and has spread to the areas close to Jewar, which is the proposed site for the new airport in U.P. Misinformation or unawareness about the whole issue and the actual place where the protest is taking place is creating a stir among the end users. Market analysts believe that it is important for them to recognize the fact that the problem exists 20 km's beyond the expressway; as a result, the prices of the projects will remain unaffected.

Effect on investments and property prices

Though the protest is actually beyond the expressway but still it would be erroneous to say that it will not have any effect on the investment situation of the Yamuna Expressway. To begin with, there has been the dissemination of a negative reaction in the investor group active in the area. Even though if the investments in the region do not go down, they will surely reach a stage in the midst of which purchases and investments will be deferred.

A large number of real estate agents in the area think that in due course of time the prices in this area will increase and have been asking their clients and investors to hang on. Initially, customers and investors were told that the projects around the expressway will have full occupancy but in reality, the picture is different as many flat holders have withdrawn the booking amounts and some have even canceled their bookings. Many apartments are vacant now as there are no buyers because of the farmers' protest in the area. However, there are end users who are still hanging on to their bookings on the advice of their brokers as they are sure that there is no way that the agitation will have an impact on the land.

Developers' offices are flooded with customers and investors who are eager to inquire about the chances of survival of their flats but to their vain, they have nothing new to tell them. On an average, a developer is getting 100 calls every day related to the issue and they tell them the same thing: the farmers' protest in Greater Noida has no relation with land acquisition for Yamuna Expressway project or compensation rates.

The market analysts believe that Noida land acquirement is just a political matter and it has very little to do with the land rates or projects that are developed in the area. For the developers who have a lease deed in place from the Expressway authorities by now have a little to worry about. They are bound to develop the region as committed to their investors. But for the developers who have just pre-launched their projects at an early stage without having the lease deed in their name could be the ones who will be hit the most out of this protest.

Article Source: http://EzineArticles.com/6329112

Ajnara Review- Greater Noida Real Estate Riding High on Express Way

The 23-km Express Highway between Noida and Greater Noida is the buzzword in the real estate industry of these sibling cities, today. The infrastructure project that would run across 40 sectors of Noida has already started benefiting the properties spread in some 321 hectares in Greater Noida.

According to our reliable sources, land prices alongside the sites of Express Highway have zoomed by more than 40 percent in the past couple of years. Greater Noida Properties that were trading at Rs 15,000 per SQ. yd in the year 2005-06 is now selling in the range between Rs 22,000 and Rs 32,000 per SQ. yd, Rajeev Sharma, a city-based property dealer informed.

The Advantage

The ambitious project definitely brings the advantage of connectivity to real estate in Greater Noida but another indirect benefit that the facility brings in is the all around development. The project has brought Greater Noida into the limelight, and like any other place real estate developers have identified the underlying opportunities that the city holds within itself.

Not just developers, a number of reputed IT and ITeS companies, and educational institutions have started setting up their units around the project site, of late. In lines similar to the famous site of Pragati Maidan of New Delhi, a huge exhibition facility-India Expo Mart--has also taken shape at a place near to Express Way, in Greater Noida.

Major Residential Developments

Given the kind of positive picture, real estate in Greater Noida has been projecting, country's most prestigious have launched huge residential projects in the city. Unitech has entered the markets with two higher-end residential projects--'Unitech Grande' and 'Unitech Cascades'. Eldeco has also been developing a residential township spread in about 18-acre, while Omaxe is also not lagging behind in anyways. The group is, in fact, targeting Non-Resident Indians (NRIs) with its 'NRI City' project, though their second project is also an upbeat one and comes under the luxury housing segment.

Moreover, the industry veterans point out that currently there is not much of consumption of residential properties as of now but the long term picture looks promising.

Article Source: http://EzineArticles.com/794468

Ajnara- An Affordable Place with Modern Values and Construction in Real Residential and Corporate Sectors

Ajnara India Ltd. is a superior and one of the top10 names in Builders in Delhi, name with its constructed buildings in the real estate sector on heights with an experience of more than two decades which are guiding through its growth and success, well established in 1991, AJNARA today a well known name in  real estate developer in the NCR,  Known for its planned execution and quality construction and  timeless delivery to their clients,  AJNARA GROUP a first developer certified by ISO mark  in North India.

AJANRA BUILDERS are offerings most diversified product mix comprising commercial/IT parks, retail, hotels, township and residential, with huge parking lots and beautiful front yard and backyard with flowers and green environment is enriching each and every corner of their building whether it park or homes, apartments, villas and 1, 2, 3 BHK flats. AJNARA DEVELOPERS REVIEWS are so much dedicated towards their work providing quality, better infrastructure, stylish design and construction with its soothing architectural undertakings laid on aesthetics and utmost care.

AJNARA GROUP REVIEW, today an international brand in real sectors which acclaimed architects and modern designs are considered and with many more ongoing projects all over the world, with affordability.

Ajnara- A Prominent Living Space for Stylish and Modern Living

AJNARA GROUP is one of the most talented developer’s groups inspired by earthy feel of Spain with one of its unique named by AJNARA Ambrosia, which introduces to Spanish living with wide open walk ways facilities, where colourful Gardens and lawns where flowers are blooming, AJNARA builds a complete homes with Beautiful balconies and courtyards with typically arched hallways making themselves a little Espana in itself, these building are located near Noida.

Ajnara developers build their premises in commercial belts of highways of Noida and Greater Noida link road, with nearby metro connectivity and shopping malls, with beautiful view of highways and  smart roads, AJNARA Developers Review building 1,2, 3 BHK apartments, flats with beautiful front yards and backyards with huge parking space, with 25 years of innovation and futuristic development ideas of modernization and luxury living, stylish living space, innovative new age constructions method, AJNARA GROUP REVIEW  has a space at their website where one can review its experience of living and buying an apartment, ajnara group has 50,000 happy customers with 15 ongoing projects that is lined up with uniqueness and planned strategically working.

About East Delhi and Its Real Estate Market

East Delhi comprises of localities like Anand Vihar, Dilshad Colony, Indirapuram, Lakshmi Nagar, Mayur Vihar, Patparganj, Shahdara, Vivek Vihar and various others. It is bordered by Uttar Pradesh regions of Noida and Ghaziabad. There was a time when East Delhi was considered to be the most underdeveloped region of Delhi, inhabited only by members of the low-income group. But today, due to constant efforts of State government, the whole eastern region of Delhi has been transformed into a decent and developed area. The beliefs have changed and property market of East Delhi is now among the sought after destinations.

Just few years back, no one even considered buying property or investing in real estate market of East Delhi. It offered none of the basic facilities of quality education, healthcare facilities, entertainment zones, etc. making it the least preferred residential area. But gone are the days when it was known for its clumsy visage and overshadowed buildings. Rapid development of East Delhi has led to creation of better roads, well established residential and commercial spaces, shopping malls and temples.

It has seen immense development in last three years with number of multiplexes, malls, amusement parks, entertainment zones, township projects, etc coming up. East Delhi has now established its presence and is counted with regions like Ghaziabad, Noida and Greater Noida. Akshardham, Sanjay Lake, Uttara Guruvayur Temple, Gandhi Nagar and Laxmi Nagar Markets are some of the main attractions in and around East Delhi. These places hold high importance as they help encourage tourism in the region. Such developments have uplifted the overall standard of living and will continue to do so in the coming years.

The property prices in East Delhi have doubled and even trebled in just a matter of few years as leading property developers are eyeing them. Real estate developers feel that this surge in East Delhi property was expected due to the rapid development of Tier-II cities across India. The increasing economic potential of this Trans Yamuna area is now acknowledged by corporates and property developers. With the aim of building social infrastructure and good living, large numbers of schools and hospitals, shopping malls, family entertainment centres, etc are being constructed. In fact, one of the largest malls in India, Shipra Mall is located in Indirapuram, developed by Shipra Group. Various houses, apartments, offices, shops, etc are also being opened up in both residential and commercial sectors.

One of the reasons for its increasing popularity and growth in real estate demand is its proximity to most of the important places and cultural centres, particularly in Central Delhi and New Delhi. With the new Metro route connecting eastern suburb of the capital to rest of the Delhi, property prices are all set to reach a higher magnitude.

Delhi's Chief Minister, Sheila Dikshit has inaugurated four new road projects barely a month ago. This project of Rs. 412 crores includes flyovers, a bridge and an underpass. Further plans aim at rehabilitating slum dwellers of at least 1700 slums by providing them with more than 4 lakh flats. In addition to this, the government plans to build second Bus Rapid Transit (BRT) corridor in East Delhi between Karawal Nagar and Shastri Nagar.

Moreover, projects like residential complex Antriksh Greens, the Akshardham temple complex, construction of the Commonwealth Games Village and the proposed cultural centre on the lines of the India Habitat Centre are surely going to take property prices to new heights. The demand for property in East Delhi has grown so high that there is a crunch and market is blocked. Real estate agents express concerns over no properties being available for sale, the only hope comes from renting needs. The constant flourishing of property demand suffices to exhibit the growing value of the new hotspot, East Delhi.

Deepika B writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property in India, search for a property, browse through East Delhi Real Estate & Properties.

Article Source: http://EzineArticles.com/3719073