Sector 70 Property

The Noida Authority would on December 13 launch the online bidding process for the sale of its 442 residential plots located across sectors 12, 31,33, 39, 47, 48, 49,51, 52, 55, 70, 72, 93B, 99, 100, 105 and 122. In a nine-day bidding process that would continue till December 21, each plot would be sold separately. A total of 505 people have applied for these plots since November 13 when the authority launched the scheme.

India’s affordable city, Hyderabad is among the leading business and IT hubs in the country. IT professionals keep the housing demand floating at any given point of time. Residential plots and apartments are equally popular among locals while the city also offers apartments and villas on rent at attractive price ranges. Know how much would you be spending in Hyderabad if you were living here.

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.

Home sales are estimated to have increased 25 per cent during 2018 over the previous year, data available with PropTiger.com show. This rise in home sales numbers might mark the start of a new era in India’s real estate after key reforms, including the real estate law and the goods and services tax, were introduced to clean-up the sector beginning 2016. Cautious developers, however, showed restraint in coming up with new projects ─ only 1.9 lakh new units were launched in 2018. Consequently, new launches during the year are estimated to decline by 22 per cent.