However, actual estate analysts make a distinction between the regions, in terms of investment - while New Gurgaon is known as a high investor market. Greater Noida is termed a market for low-ticket investors.
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For investors, New Gurgaon & plenty of parts of Greater Noida are speedy emerging as new actual estate hot spots. Historically year, New Gurgaon has recorded property cost appreciation of 66 percent. While property prices have risen about 21 percent in Greater Noida, the area is not limited to being an finish user market; investors were investing in residential units in Greater Noida, hoping for significant returns through the next few years.
However, actual estate analysts make a distinction between the regions, in terms of investment - while New Gurgaon is known as a high investor market. Greater Noida is termed a market for low-ticket investors. As of March-end, the average residential property cost in New Gurgaon stood at Rs 7,068 a sq ft, against Rs 2,528 a sq ft at the finish of March 2009, a rise of 180%, according to knowledge by actual estate research firm PropEquity. In Noida Extension, part of Greater Noida, prices have risen 49 percent through the last years. In the last year, prices have appreciated 16 percent, compared with Rs 2,818 a sq ft at the finish of March 2012.
In Yamuna Expressway, part of Greater Noida, prices rose from Rs 3,500 a sq ft at the finish of March 2009 to Rs 3,664 a sq ft at the finish of March this year. In the last year, prices rose 21 percent. While the remainder of the National Capital Region has seen muted growth, the markets of Greater Noida and New Gurgaon have seen significant appreciation. Investors have a limited risk appetite, due to a slow-moving economy, changing regulations and tight liquidity conditions. Both these markets provide low entry points, with a significant upside to investors. Greater Noida saw a healthy cost appreciation due to availability of affordable options, while New Gurgaon had emerged as the next best location because of lovely infrastructure, stunning pricing and good-quality projects. Besides, the profiles of developers had also aided growth in New Gurgaon. Property in Gurgaon
New Gurgaon is already attracting lots of investor interest. And, taking a look at the trends, this active investor interest would only accentuate. The region is fast emerging as Gurgaon's luxury location and would continue to be to the upcoming launch of lovely premium projects. Apart from these areas, Dwarka Expressway is also attracting investor interest. Other areas that have grown consistently are Golf Coursework Extension Road, Sohna Road and Noida Expressway. Dwarka Expressway and Noida Expressway recorded cost appreciation of 206 percent and 158 percent in the last years, respectively. As of March-end, prices stood at Rs 7,121 a sq ft in Dwarka Expressway, while in Noida Expressway, they stood at Rs 9,435 a sq ft. In the last year, property prices in both the areas rose 45 percent.
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