In past five years, the real estate sector of Noida has seen an improvement with respect to new projects and pricing policy but still the city is known as an investor market due to the low occupancy rate. Delay of projects and minimum ready to move apartments are the main reasons for this situation.Therefore to overcome this condition, the city is planning to come up with several residential units. Out of 1 lakh units, the city will be launching around 56,000 housing units by next year. As compared to the neighboring cities, Delhi and Gurgaon, Noida real estate market is said to be quite affordable. The residential rates here range from Rs 4,000-6,000 per sq ft. whereas in Gurgaon it is Rs 10,000 -15,000 per sq ft and in Delhi residential prices are above Rs. 15,000 per sq ft. Even though the property prices are reasonable, the city faces low occupancy rate.Some of the projects are still under construction and some are getting delayed. People who invested five years back have still not occupied their space. The other reason why Noida residential market is not seeing an upsurge is the commercial sector. The commercial plots in Noida are sold on the basis of super area therefore due to the low floor space index, builders are unable to construct large commercial spaces as required by MNCs and IT companies.According to the sources, to boost the property market, out of 10,000 residential units, at least 6,000 units should be occupied. The launch of international airport and timely delivery of housing projects will surely pull up the occupancy rate in Noida.займ на карту без отказов круглосуточновзять кредит онлайн
