Push on connectivity with Delhi to boost Noida realty

As it is always said, Noida has better inter-city connectivity than any other satellite town; it seems the Noida Development Authority is all set to play big again to improve its accessibility from the capital city to attract those having offices in Delhi and Ghaziabad.

If sources are to be believed, Noida Authority has initiated tenders to build two flyovers to provide commuters a signal-free ride from Sector 10 to Sector 12. The 1.5km elevated corridor will also provide relief to motorists travelling from Delhi on the DND flyway, and those going to Ghaziabad via. NH-24.

Not only this, two more projects are in the pipeline to decongest the busy stretch of NH-24. One of them is an Rs 112 crore underpass which is being built at the Model Town crossing on NH-24 and second project to build four clover leaf flyovers, taking traffic from Noida's Sector 62-63 to Ghaziabad and Delhi.

Will improved connectivity do any good?

“Currently all the entry points of Noida from Delhi and Ghaziabad are traffic bottlenecks and takes almost 15-20 minutes to cross the 500 meter stretch. This has kept the buyers like me to stay in Delhi on rent. The improved connectivity would make traveling easy,” says Waseem Khan, one of the residents of Delhi who often travels to Noida for business meetings.

Moreover, another metro line connecting Botanical Garden to Janakpuri will be an added advantage as it would pass through South Delhi, one of the retail markets of Delhi, employing thousand of workforce.

This improved connectivity would give easy access to new housing stock in Noida where rents are currently affordable and have more quality constructions and open spaces.

For Investors:

It is not a hidden fact that investors from outstation are also putting their money in Noida realty. Although the rate of appreciation has not been so aggressive, buyers here are optimistic of finding end-users for their property.

Source: PropertyatNeoDevelopers.Wordpress.Com

Filmmakers renting Noida’s gated communities for film shoot

Are you one of those crazy Bollywood fans who can do anything to catch a glimpse of your favourite star? If you reside near Noida and in the lookout of a residence then you can meet your dream star by searching a perfect home with some pre requisite conditions.

Unlike Mumbai, Noida has sprawling housing projects with sizeable campus and beautiful landscaping. This has not just attracted potential home buyers but also film makers to shoot their production in the campus.

Koel Mitra, assistant director, Motion Flicks Private Limited says, “The big housing campus looks good on camera. Songs picturisation or introduction scenes are often well received when shot on green background. It gives a real look and feel to the scene.”

She also added that the production cost is lesser as the house is already standing than building an artificial set from scratch. “Even the owners welcome us and don’t mind renting out their unit for the purpose. That’s an advantage of living in India where Bollywood has a deep impact on audience,” Mitra added.

In fact, one of the developers in Mumbai has designed their project like a film set. This would not only allow the society to get rental earnings from the film shoot but also allow residents to enjoy seeing the camera-roll in their neighbourhood.

How much do you need to pay?

The upcoming residential stock in gated communities of Noida will have all the amenities required by the film crew. As per surveyed data, the property values range between Rs 5,000-9,000 per sq ft but the extra charges levied by the builders can put pressure on your pocket.

Costs like development charges, maintenance charge and common area electricity bill are often over and above the usual monthly charges that you pay to the resident welfare association, if you have a big sprawling township.

Talking about the maintenance required, Anuj Saxena, one of the residents of Sector-50 who recently rented out his bungalow for an upcoming flick on social causes says, “Renting out place to a production unit can be easy and tough at the same time.”

Saxena says if your home is being rented out on frequent basis, usually production house takes care of the maintenance and wear and tears. Otherwise, for one of the cases, all the extra charges are included in the rent amount only.

Source: PropertyatNeoDevelopers.Wordpress.Com