<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/plusone.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d30670461\x26blogName\x3dReliance+SEZ+and+India+Real+Estate\x26publishMode\x3dPUBLISH_MODE_BLOGSPOT\x26navbarType\x3dBLUE\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttp://reliancesez.blogspot.com/search\x26blogLocale\x3den\x26v\x3d2\x26homepageUrl\x3dhttp://reliancesez.blogspot.com/\x26vt\x3d4003864164228706556', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe" }); } }); </script>

Home

Property Forum

ICICI SBI Credit Card

Dalal Street


NCR - Noida Residential Apartment Market - Buy or Wait ?

Wednesday, April 27, 2011

Unitech Homes, DelhiIn continuing our Analysis on the Residential Apartment Trends in Delhi NCR Region, we are covering the Noida Market. Here is a brief excerpt of the ground survey,
  • Volumes have been high in Greater Noida and Noida Extension because of a low ticket size (a studio apartment can be bought at as low as Rs 1mn).
  • We expects residential supply to outstrip the demand generated by commercial activity in the region.
  • End-user led demand is higher in Noida in comparison to Gurgaon. However, investors are more interested in the markets of Greater
    Noida and Noida Extension where ticket size is low (a studio apartment can be bought at as low as Rs 1mn).
  • Prices have remained muted in this market. He expects the trend to continue primarily because of high supply.
  • While Jaypee projects in Noida/Greater Noida are seeing high volumes, there are doubts on whether the same can be sustained. Sales of low-cost houses from Jaypee are faster than luxury apartments (high-end demand prefers Unitech Grande over Jaypee because of the exclusivity factor).
  • Unitech’s Grande (UGCC) is doing well and the execution for UniHomes is good. However, there are issues over allotting possession of some projects (Horizon, Escape) in Greater Noida where current market prices (Rs 3500psf) are lower than launch prices (Rs 4600psf
    launched during peak prices).
  • Jaypee has started increasing prices of its older projects. However, there should be fewer buyers at higher prices because of ample supply at lower pricing points.

0 Comments:

Post a Comment

<< Home