Wednesday, July 20, 2011

Noida's Loss Is Gurgaon's Gain

Noida's Loss Is Gurgaon's Gain

Noida Extension has ceased to be of interest to any dealer or buyer. Within days of the Supreme Court canceling construction of residential flats in the area, which it said was meant to be an industrial hub, potential buyers are looking towards other satellites of Delhi – Gurgaon, Faridabad, Ghaziabad. Real estate brokers say enquiries for residential projects in Gurgaon and Faridabad have gained substantial spurt. They say the crisis in Noida Extension is beginning to mar consumer sentiment in Noida as well. “We have done more sales in Gurgaon in the last 11 days than in other areas. This also coincides with new launches from Vatika and M3M and plot sales by DLF. Customers today feel more secure about buying in Gurgaon than Noida,’’ said Mr Samarjit Singh, MD, Agni Property Services, a real estate services firm. Enquiries have dwindled for Noida Extension since the Allahabad HC order on Sahberi came in mid-May. Since then, brokers in Noida have been aggressively promoting projects on the Noida Expressway as projects with safe land title.

July 10 2011, Business Standard

1 comment:

  1. Hi,
    Noida might be battling..but trust me
    I have been roaming across the weab for a real real-esate news and what a wonderful way to land onto this.This page is cool.very enriching..and yeah..
    gurgaon housing is the next big thing.I had read a wonderful article on sector 67 in gurgaon housing few days back and it was quite cool on eyes.

    Good work..

    ReplyDelete