Apartments with Lift for rent in Sector 28 Faridabad

Soon, people working in Noida Sector 62 won’t have to rely on auto-rickshaws and hired cabs for commuting as the Delhi Metro’s Blue Line extension from Noida City Centre to Noida Sector 62 and Electronic City will get operational by January next year. At present, only Delhi Transport Corporation-run buses and private autos are available for public transit in the area. The same is true of several areas of Ghaziabad that lie close to Sector 62.

With demonetisation, the real estate sector witnessed a disruption of sorts especially because real estate sector happens to be one of the most sentiment-driven business too. Given that the sector's contribution towards the GDP is considerable, the industry couldn't afford the uncertainty for long. Within the industry, stakeholders will agree that 2017 did see a consolidation within the industry with multiple developers combining forces to sustain through RERA implementation.

According to a report published by the Department of Real Estate Studies & Research, Dubai Land Department (DLD), with an investment of over Rs 16,800 crore, Indians have emerged as the largest foreign investors in the city’s real estate sector in the first nine months of 2018. The prime factors attracting Indian buyers to the Dubai real estate sector include active promotion by Dubai-based developers, technological access for buyers through online portals, ease of property registration, assured capital gains, high rental yields, tax-free returns and affordability.

The Uttar Pradesh Real Estate Regulatory Authority has ordered for a forensic audit of Noida-based Intellicity Business Park as it failed to deliver a mixed-use project spanning 25 acre in Greater Noida’s Sector Techzone-IV. The developer had promised the delivery of the project in 2013-14. Meanwhile, Primrose Infratech is headed towards the same fate as it is yet to complete a project in Sector Chi-V in Greater Noida slated to be delivered in 2014.

In a recently concluded workshop of sector stakeholders, RERA chiefs of several states have opined that homebuyers be barred from approaching the consumer forums. These forums, they say, only focus on getting the consumers compensated while the mandate with the RERA is to ensure buyers’ interests were protected and stuck projects are also completed. Do homebuyers have much to lose should this happen?