Tata Eureka rates increased today 19/12/22 by approx Rs 500 psft
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Rate on 19/12/2022
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Rate on 26/09/2022
Category: Area Updates
Delhi-NCR emerges as second favourite home destination spot for NRIs: The findings of the recent CII-Anarock Consumer Sentiment Survey focusing on NRI sentiments towards real estate investments have yet again established their penchant for luxury homes.
While they differed in their views on choices of different investment locations, 63% of NRIs have voiced their interest in investing in property priced between Rs 90 lakh – Rs 1.5 crore. Hyderabad, NCR, and Bengaluru emerged as the first, second, and third destinations ranked by NRIs in the survey, which recorded the responses of 5,500 respondents. Of the participants, 22% of NRIs chose Hyderabad, 20% locked NCR, and 18% preferred Bengaluru.
Sharing his take on why NCR emerged as the second favourable destination by NRIs in the Anarock Survey, Amarjit Bakshi, CMD, Central Park, said, “The return of NCR as the second most favourable destination of NRI investment in real estate with more than 3/4th NRIs seeking bigger homes show how much homeownership sentiments with quality lifestyle have strengthened over the years in the region, especially Gurugram.”
“The depreciation of rupee has played out positively for NRI investors as most seek to diversify their wealth into the more favourable real estate sector as against stocks, FDs and gold. Apart from UHNIs & HNIs, who have an evident penchant for bigger homes with high-end amenities, world-class hospitality and close-to-nature living, NRIs too will be significant buyers of luxury properties in Gurugram as this global city has always been the foremost choice for investors as return on investment here is high,” he added.
Depreciating value of rupee heightens interest of NRIs
The survey attributed the heightened interest of NRIs to invest in their homelands to the depreciating value of the rupee and the consistently growing demand in residential realty, despite constant repo rate hikes. It was expected that demands in residential real estate would face a downturn owing to rising home loan interest rates.
Talking about the prominence of the NCR region, which had seen a mix of private equity investments and NRI home investments, Ashwani Kumar, Pyramid Infratech, said, “The CII-Anarock survey reflecting that 20% of the NRI respondents plan to buy homes in NCR came at a time when another report showed that private equity investments had seen a spectacular increase in the real estate sector. Overall, it demonstrates the lucrativeness of the region and NRIs wanting to buy residences with long-term investment as their focal point is another new dimension and gives a broad view of how NCR is becoming a global real estate hotspot garnering interest from diverse emigrant groups.”
“On the other side, the emphasis on bolstering international connectivity and spearheading high-end infrastructural projects has opened enormous space and opportunities in residential and commercial real estate development,” he further noted.
Work-from-anywhere concept – One of the major reasons NRIs wanting to shift their base to India
The work-from-anywhere concept, which is a pandemic-induced working structure, has contributed to NRIs wanting to shift their base to India. Most of them belong to the US, Canada, Gulf, Europe, and Asian countries as well.
Sharing similar views, Ashwinder R Singh, CEO residential Bhartiya Urban, said, “The NCR region has particularly aroused the interest of NRIs in the sphere of home investments. Two major cities of NCR, Noida and Greater Noida, have attracted significant NRI traction as both cities are being systematically planned and developed in a phased manner. The homes that fall in the price bracket of 1 Cr and downwards are up for sale in the property markets and prove to be a healthy, long-term investment for NRIs. A significant section of NRIs, which comprises of mid-income groups working in foreign countries like the UAE, are primarily investing in retirement homes as they plan to settle down in India at a later stage of their lives.”
The survey has also dug deeper into the psyche of NRIs, underlining factors of why they are choosing to invest in NCR and other cities. It has also corroborated and provided sufficient material to the mid-year research reports that NRIs will consist of a major portion who want to invest in ready-to-move-in luxury apartments, condominiums, and homes.
Upcoming Jewar airport pushes land rates up in Noida, Greater Noida
Amit Jain, Director, Mahagun Group, said, “Due to its smooth connectivity with National Capital, competent business growth opportunities, and infrastructural developments like the ongoing construction of Jewar Airport and the emergence of new hubs like New Noida and Sectors close to Noida-Greater Expressway gaining traction, there are multiple advantages which are attracting NRIs to invest in luxury homes in NCR. NRIs possess the income bandwidth to invest in luxury and ultra-luxury 4BHKs and 3BHKs, where they can plan a life post-retirement or choose to settle permanently with families as work-from-anywhere models get popular in the West and Arabian countries.”
The Tata Eureka Housing project in Noida sector 150 adjoining Yamuna Eway and Greater Noida has had spectacular success. Not only have the bigger 3 BHK been sold out the rates have risen by 16% from July 21 and will further rise in Oct 22.
Attaching Tata price list and announcements for refrence to all prospective buyers.
Upcoming Jewar airport pushes Yamuna Expressway land rates up 38% in 3 years; highest in India
Land price around the upcoming Jewar airport in Uttar Pradesh is rising sharply because of high demand among realtors, combined with low availability of land.
Yamuna Expressway Industrial Development Authority (YEIDA) area or the destination of the upcoming Jewar airport near Noida in Uttar Pradesh is currently the most-in-demand in India and has registered 38 per cent rise in rates in three years, the highest in the country.
A report released by real estate researchers Anarock on Thursday showed that the average prices of plots on Yamuna Expressway stood at Rs 1,600 per sq ft in 2019 but have now shot up to Rs 2,200 per sq ft.
“The sharp rise in prices of the YEIDA area is the result of the construction of the Jewar International Airport. Since the time when the project was announced, prices in the region have shot up around 30-40 per cent. This is the highest land price rise that a micro market has seen among all the top seven cities,” Santhosh Kumar, Vice Chairman, Anarock told Business Today.
CEO of YEIDA and Noida International Airport Limited (NIAL) Arun Vir Singh told Business Today that the prevailing market rates of the land in YEIDA is much higher than the circle rates at which YEIDA is offering plots.
“Our current circle rate for YEIDA is Rs 18,510 per sq m. The market rates for these plots, we have learned, is around Rs 25,000 to Rs 30,000 per sq m,” Singh said.
Kumar added, “Plotted land price witnessed a sharp rise over the pandemic years. The other reason for the sharp rise cited was the limited availability of land in the area as well. Additionally, the price hike is also the effect of a rise in circle rates.”
Tata Housing Mailer for Indian Oil & ONGC Executives for example on best rate assurance.
Dear Mr. Saxena,
As discussed we are delighted to approve your proposal for exclusive corporate tie up with Indian Oil Corporation through you. We will give special price to IOC Staff under exclusive corporate offer. Kindly arrange for corporate meetings and presentations at various ;locations of IOC Offices /Refineries for their staff.
Looking forward for your support.
Warm Regards,
Kasib Khan
General Manager – Sales & Marketing
TATA Realty & Infrastructure Ltd,
Regional Office – North India:
TRIL Commercial Centre,
Intellion Edge, Tower-A, First Floor,
Sector-72, Gurugram – 122101,
INDIA.
Web: www.tatarealty.in
Dear Mr. Saxena,
Greetings from Tata Realty.
We are delighted to approve your proposal for exclusive corporate tie up with ONGC through you. We will give special price to ONGC Staff under exclusive corporate offer. Kindly arrange for corporate meetings and presentations at various ;locations of ONGC Offices/ Explorations/ Basins for their staff.
Looking forward for your support.
Warm Regards,
Kasib Khan
General Manager – Sales & Marketing
TATA Realty & Infrastructure Ltd,
Regional Office – North India:
TRIL Commercial Centre,
Intellion Edge, Tower-A, First Floor,
Sector-72, Gurugram – 122101,
INDIA.
The Delhi Metro Rail Corporation (DMRC) has submitted the Detailed Project Report (DPR) to the Yamuna Expressway Industrial Development Authority (YEIDA) for the Noida Metro-Noida International Airport at Jewar.
DMRC proposed the link metro from Knowledge Park-2 to Jewar Airport at the cost of Rs 5,329 crore.
The proposed metro rail line will be 35 km long with six stations and parallel to the Yamuna Expressway. This will benefit the people of Yamuna city along with Noida, Greater Noida and Delhi.
In the project, 4.18 km of the line will be underground, while 31.26 km of elevated line will be built. About Rs 5329 crore will be spent on the project.
According to a report by Nav Bharat Times, DMRC estimates that this link metro rail line can be built in 1.5 years.
Also, YEIDA plans to build another link metro rail line between the upcoming Noida airport and the existing IGI airport in Delhi.
In September 2021, YEIDA signed a memorandum of understanding with DMRC to prepare a feasibility report for a metro corridor connecting Delhi’s Indira Gandhi International Airport to the upcoming Noida International Airport at Jewar.
Along with metro access to IGI Airport, Noida International Airport at Jewar will have a spur route to the Delhi-Mumbai Expressway.
Buying property goes expensive in Greater Noida! Rates hiked for residential and farm land; check here
The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.
The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre in rates for residential sectors.Share:Edited By:
Zee Media Bureau
Updated:Apr 05, 2022, 23:24 PM IST
The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.
The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre in rates for residential sectors of Greater Noida. The prices of industrial and commercial land have also been hiked but the new rates would be notified soon, it said.
The decision, announced after the 126th board meeting of GNIDA held in Greater Noida on Tuesday, would benefit thousands of landowners in the villages falling under its notified area.
There are nearly 300 villages that fall in the notified area of GNIDA, which was formed in 1991 and functions under the Uttar Pradesh infrastructure and industries department.
“In the board meeting chaired by GNIDA chairman and UP Industrial Development Commissioner Sanjeev Mittal, a proposal was made by GNIDA CEO Narendra Bhooshan to increase the purchase price for buying land directly from the farmers,” an official statement said.
“The board accepted it and increased the purchase price by Rs 250 per square metre from Rs 3,500 per square metre to Rs 3,750 per square metre,” it added.
The purchase price for buying land directly from farmers in villages under the GNIDA was fixed at Rs 3,500 per square metre in 2016.
For residential sectors have been divided into four separate categories ? A, B, C and D. The new rates per sq metre of land will be Rs 39,000 for category A, Rs 36,000 for category B, Rs 34,000 for category C and Rs 29,000 for category D, the GNIDA said.
The old rates per sq metre were Rs 33,300 for category A, Rs 31,250 for category B, Rs 27,088 for category C and Rs 24,060 for category D, it added.
Sectors Alpha 1, 2, Beta 1, 2, Gamma 1, 2, Delta 1, 2, 3 and Swarn Nagri fall in category A.
Sectors CHI 2, CHI 3,CHI 4, CHI 5, CHI-PHI EXT. P 1, P 2, P 3, P 4, P 5, P 6, P 7, P 8, PI 1, PI 2, PHI 1, PHI 2, PHI 3, PHI 4, PHI-CHI, Sector-36 and Sector-37, Sector 2, 3 are in category B.
Category C includes sectors Eta 1, Omicorn 1, 1A, 2 and 3, XU 1, 2 and 3, Zeta 1 and 2, MU 1 and 2, Sigma 1, 2, 3 and 4; while category D includes Sectors 1, 11, 12, 16, 4, 16C, 17, 20 and Sector-Tech zone, the GNIDA said.
Bhooshan said the interest of investors for industrial investments in Greater Noida is increasing rapidly with companies from not only within the country but also from overseas asking for land to set up industries.
“The GNIDA is trying to develop industrial sectors by buying land from farmers, so that industrial investment can increase further and employment opportunities can be created for the youth. From April 1, 2022, it has been decided to buy land from farmers at the new rate,” he added.
Noida International Airport: Work on runway, terminal building to start next month, say officials
The development plan of the Greenfield airport was approved by the board of the Noida International Airport Limited (NIAL) on Wednesday during its 13th meeting in Lucknow.
Published on Apr 07, 2022 10:23 PM ISTPTI | , Noida
The work on the terminal building, first runway, and the air traffic control (ATC) tower of the Noida International Airport will begin next month and is scheduled to be completed by September 2024, officials said on Thursday.
The development plan of the Greenfield airport was approved by the board of the Noida International Airport Limited (NIAL) on Wednesday during its 13th meeting in Lucknow and the project’s first phase would cost ₹5,730 crore, the officials said.
Uttar Pradesh government’s chief secretary and chairman of NIAL Board Durga Shankar Mishra chaired the meeting during which he reviewed the progress of the project.
The project is being developed by the Yamuna International Airport Private Limited (YIAPL), a 100 per cent subsidiary of Swiss firm Zurich International Airport AG.
In the meeting, NIAL CEO Arun Vir Singh informed Mishra that the development plan was examined by an independent engineer firm – Engineer India Limited – and approved by the board, according to an official statement.
बोड़ाकी को एनसीआर का प्रमुख ट्रांसपोर्ट हब बनाने की तैयारी शुरू हो गई है। यहां 14 एकड़ में बस अड्डा, वर्कशाप व सीएनजी स्टेशन बनेगा। वहीं बोड़ाकी स्टेशन एक बड़े रेलवे टर्मिनल के रूप में विकसित होने जा रहा है। इसके बाद यहां से पूर्वाचल की अधिकांश ट्रेनें चलेंगी। नोएडा-ग्रेटर नोएडा मेट्रो को भी आगे बढ़ाते हुए बोड़ाकी तक ले जाने की कागजी प्रक्रिया शुरू हो गई है।
Prime Minister Narendra Modi laid the foundation stone for the upcoming Noida International Airport today. The airport, which is roughly 80 kms from Delhi’s Indira Gandhi airport, is in line with the Centre’s vision towards boosting connectivity and creating a future-ready aviation sector.
“By last phase, Noida Airport will surpass Delhi’s IGI Airport and become India’s leading airport,” he added.
The first phase of Jewar airport will entail an investment of Rs 8,914 crore and the initial annual passenger handling capacity will be 12 million. Spread over 1,330 acres of land, the Noida airport is expected to handle most of Lucknow’s international traffic that comes to Delhi apart from the 15% traffic from western Uttar Pradesh.
As per PMO, the airport is strategic ..