Last week, the government increased the floor area ratio (FAR) from 2.5 to three, which will allow developers to add more floors and allow Noida to grow vertically. For green buildings, FAR has been further relaxed to 3.75.

According to developers, since now they will be able to build more flats on the same area, the cost of housing will come down automatically.

“The increase in FAR in Noida will give a boost to affordable housing as this will help in the reduction of the cost of land. On the other hand, this will increase the pressure on infrastructure and will result in high density area. The prices of properties will come down,” Manoj Goyal, vice-president, Raheja Developers Ltd, said.

“It will be good for the developers also as it will allow us to grow vertically. Now we will be able to add more flats. Moreover, it will encourage new developers in the city,” Pradeep Jain, chairman, Parsvnath Developers, said.

“The fact that FAR in case of green buildings has been increased to 3.75 will boost green buildings and put them in the affordable range. This is good news for both the developers and the home buyers,” It’s good news for both developers and buyers Vidur Bhardwaj, The 3C Company, told Mail Today. With home prices in Delhi going out of reach of the common man, developers were looking at Noida for a slew of affordable housing projects.

Also, metro connectivity has further attracted developers to the area. Developers, including Jaypee Greens, Amrapali and Assotech, among others, have announced more than two dozen projects in Noida over the last six months.

“Increased FAR in Noida is a welcome move as it will increase the supply of housing stock in NCR, thereby providing more affordable housing to people,” Rohit Raj Modi, Ashiana Homes, said.

“Noida is becoming an oversupply market. There is already new development coming up every week. And prices have almost stabilised. So, with this development and fresh lease of developments, home prices are bound to come down in Noida,” said a senior official at Unitech Developers.

While the developer community and the end-users are happy with the new development, the news would be a dampener for investors and speculators who were expecting the prices to go up. It may keep off the speculators and investors for some time, at least.

“Even the news is good for the end- users as the prices will come down. Investors and speculators, who were just hoarding flats, may have to face some losses. And the home buyers must wait and watch for the prices to come down and stabilize,” the official said.

http://businesstoday.intoday.in/index.php?option=com_content&task=view&issueid=91&id=16144&Itemid=1&sectionid=4

Delhi, Gurgaon, NOIDA, Pune and Mumbai have the highest property prices in India because of its metropolitan status and highly demandable and connected with rural areas.

Starting from 20 lakhs to 1 crore of 2 BHK in poss areas of Delhi, Mumbai and Bangalore. 3 BHK is starting from 35 lakhs to 1.5 crore.

India property is going costlier everyday. India properties of real estate and commercial use are in high demand.

DLF Building

Ambuja Realty Group

Sun City Projects

K Raheja Constructions

Unitech group

Merlin Groups

Magicbricks

NK Realtors

99acres.com

Mittal Builders

Real Estate Developers India

Real estate developers of India join Confederation of Real Estate Developers’ Associations of India (CREDAI)

Real Estate is always the best option for investment for both the Indian as well as NRI’s. In India high demand of residential and commercial infrastructure leads to great investment in real estate. With developing IT and manufacturing sector there is always high demand of offices and companies in areas like Mumbai and Delhi. The metropolitan cities of India is turning in economic hub and all the people across India comes to live in these areas so it also force to build new apartments and residential areas, residential apartments are always in high demand. Shopping malls, Institute and hospitals are also going to be developed in all the cities. So real estate is very profitable sector to invest.

These are the main Real estate investment sectors:

Apartments
Institute
Hospitals
Commercial shops
Shopping Malls
Hotels
Offices

India stands on the fourth position among the top four Asian destinations for foreign direct investment.