Since the time new circle rates have been announced for Noida, Greater Noida and Ghaziabad, the queries from prospective buyers and investors have been flooded on all time high. This is because from 1st August, they have to shell out an extra sum in the form of stamp duties. This is a very steep hike in the circle rates which is tending to affect the buyers but haven’t as projected from daily statistics. From 2005, Noida has undergone 40% hike in circle rates. Noida developed regions have seen a sharper hike in rates than developing regions. Residential properties in Noida will be 7% - 15% costlier, commercial properties will be dearer by 18% - 32% and Industrial Property by 12% – 25%.
Despite of such a blunt increment in land prices, the sentiments of buyers and investors are still strong. Especially for those who are levying on Bank Loans and have first home buying in the pipeline, this appreciation is of no effects. Although new residential projects in Noida which are under pre launch season like Civitech Stadia, Apex Athena are offering special discounts and various freebies to lure buyers and investors. These projects are offering the most affordable units of 2/3/4 BHK apartments in Noida. Although now the Noida have evolved from budget to mid luxury segment, the pocket of homebuyers has seen a large burnt hole when it comes to club membership, gymnasium and other amenities available. With new circle rates, 5% of extra tax will be applicable to each of the amenities.
Although the transformation of the location is evident from the prices but the making of residential flats in Noida have been quite conventional as in previous days. Some of the new age developers have modified the older style and had given a contemporary touch in it by inducing Y shaped towers to have complete privacy even in balconies. For those who have been into the finding something unique and different, various small and middle scale builders have brought their innovation in different styles. Property Manthan is one of the best online portals to search for properties and plots in Delhi NCR, Mumbai, Bangalore and various other regions of India. Here you can search for builders, property agents, brokers offering properties in Noida, Greater Noida and other neighboring locations of the National Capital. So book your property now before the circle rates gets into effect that is before 1st August 2013. Property Manthan offers you to explore and measure all the prospective properties and make the best purchasing decision for your capital.
Rising prices of apartments in Noida leave prospective buyer