The real estate business has always been profitable in Greater Noida. In fact the city has been one of the most promising property destinations in the past. It remains so even today and the property markets of the city have led to the growth of real estate in the city in a manner that has not been surpassed by many cities in the country. the city of Greater Noida competes with Gurgaon in a neck to neck race for property development and sales. But in the past half a decade, it has witnessed a slowdown in the demand for houses and the actual sales reduce. But all that has now changed and real estate Greater Noida is re-emerging from the shadows. The city has been at the helm of property development and in the past and its reclaiming its glory now as well. Only the demand for the houses in different categories has emerged and the builders are catering to that demand.
What has led to the shift in Greater Noida property business?
There are a number of reasons why the property markets of Greater Noida have witnessed a dynamic shift. In fact it is in tandem with the shift that has been witnessed across territories in the country. For the past four or five years, the property business took a beating. The country was hit by an economic recession which led to the reduction in demand for industrial goods and services. This in turn caused the economy to suffer and the inflation increased. The RBI increased the lending rates to keep the currency under check. The increased lending rates however also led to the rise in interest rates of home loans. The property business mostly banks on home loans.
The rise in the home loans prevented buyers from opting for properties and the sales slowed down. This was the case of Greater Noida as well. As a result, the property builders started to seek alternatives for investment. The first one was to seek tier I and tier II cities and the second one was to focus on the consumer needs within the city. It was realized that there was a high demand for affordable properties in Greater Noida. The prices of most of the properties were too high earlier to bring them within the reach of the masses. This is the reason why anyone looking for new 2BHK flats in Greater Noida can now search for the best affordable housing options in the city as well. Overtime, the property business in the city has increased and by the time of arrival of 2015, such projects were under development in full swing. There are a number of factors that have led to the high demand of housing in Greater Noida now. Among them the decrease in the interest rate is the primary reason.
To Conclude- Searching for houses in Greater Noida
If you are searching for houses in Greater Noida, then one of the best ways to go about it is by using the property portal housing.com. The portal has established its operations in Greater Noida and one can not only find new and resale flats in Greater Noida but also the prevailing property trends in the city. The comprehensive services of the portal allow the end users to find the houses of their choice quickly and efficiently. This is what makes the portal consumer friendly.