45,000 more home buyers to get their dream homes by March 2017 in Noida, Greater Noida
25,070 units already delivered in the
region
Noida
With real estate companies gearing up
to deliver around 45000 units in Noida and Greater Noida by the end of March
2017, it seems that the region is all set to become more habitable and lively
with a new wave of growth. As reported by the real estate association CREDAI
Western UP Chapter, developers of these regions will be giving possession by
the end of this financial year bringing sigh of relief to the home buyers who
were anxiously waiting to get the keys of their dream homes.
According to Mr. Deepak
Kapoor, President CREDAI Western UP a whopping amount of close to 45000 flats
will be delivered in Noida and Greater Noida by the end of March 2017. He said,
“We have compiled database on the basis of inputs from the developers operating
in Noida and Greater Noida. While many of them are giving possessions, the
remaining will hand over the units by March 2017. Already 25070 units have been delivered by
now and approximately 45000 more will be ready for handover by the end of this
financial year to meet buyer’s demands. We are hopeful that once things settle
down in place and delivery of flats would start, there would be increase in
population migrating to these regions.”
Regions of Noida and
Greater Noida are home to number of housing projects under various construction
stages. But construction works were halted under various circumstances and
possessions of flats were also overdue. Lakhs of home buyers were affected
because of construction and possession delays due to one or the other reason.
But the above data has given new hopes to the real estate market of the region.
The move could lead to about 1 lakh people moving to Noida and Greater Noida
region by next year. This favorable verdict for all would bring back the
housing demand in the region which otherwise observed a dip in demand due to
such issues.
Although the work on
basic infrastructure in Noida is great & its going on in Greater Noida
(West) as the possession of around 45k flats is slated for this financial year
end, it is important that amenities like roads, power, water supply etc. fall
in place so that the home buyers do not have to wait further for moving to
these regions as already they have been affected with delays beyond our
controls.
Leave a Comment