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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. 

Also Read | Electoral Bond scheme: Donate to political parties to save on tax; SBI to begin sale on November 9 | Check issue date, tax benefits, limit and other details

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 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.

https://www.dnaindia.com/india/report-35-km-long-metro-corridor-will-connect-greater-noida-to-jewar-airport-2977713

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.

https://www.hindustantimes.com/cities/noida-news/jewar-airport-work-on-runway-terminal-building-to-start-next-month-101649349516368.html

Last 4 years of Rapid Development has catapulted Gautam Budh Nagar as the most investor friendly city in India attracting Rs 64362 Cr of Investment that will finally generate 484922 jobs.

उत्तर प्रदेश के शो विंडो कहे जाने वाले गौतमबुद्धनगर (नोएडा) में बीते साढ़े चार वर्षों में रिकॉर्ड तोड़ 64362 करोड़ रुपये का निवेश आया है। इस निवेश से एक जिले में 4,84,922 लोगों को रोजगार मिल रहा है। अगर देश में भी देखें तो 718 जिलों में से किसी भी एक जिले में बीते साढ़े चार वर्षों के दौरान इतना निवेश नहीं हुआ है। नतीजतन, नोएडा देश में सबसे अधिक औद्योगिक निवेश कराने वाला जिला बन गया है।

आंकड़ें बताते हैं कि प्रदेश सरकार की इंवेस्टर फ्रेंडली नीतियों से प्रभावित होकर ही देश और विदेश के बड़े निवेशकों ने नोएडा में इतना अधिक निवेश किया है। इस जिले में नोएडा औद्योगिक विकास प्राधिकरण, ग्रेटर नोएडा औद्योगिक विकास प्राधिकरण और यमुना एक्सप्रेस-वे औद्योगिक विकास प्राधिकरण जैसे तीन प्राधिकरण काम कर रहे हैं। इन तीनों विकास प्राधिकरणों से देश-विदेश के विभिन्न निवेशकों ने बीते साढ़े वर्षों में 3188 भूखंड लिए हैं।

ये 3188 निवेशक नोएडा में 64,362 करोड़ का निवेश कर अपनी यूनिट लगा रहे हैं। नोएडा में हो रहे इस निवेश से 484922 लोगों को स्थायी रोजगार मिलेगा। औद्योगिक विकास विभाग के अधिकारियों के अनुसार, बीते साढ़े चार वर्षों में नवीन ओखला औद्योगिक विकास प्राधिकरण से औद्योगिक प्लाट लेकर 855 बड़े निवेशक, नोएडा में 20,560 करोड़ रुपये का निवेश कर अपना उद्यम स्थापित कर रहे हैं। इसमें 1,47,703 लोगों को स्थायी रोजगार मिलेगा।

इन समूहों का निवेश
निवेश करने वालों में सैमसंग, पेटीएम, टीसीएस, माइक्रोसॉफ्ट, अडानी ग्रुप, केंट आरओ और हल्दीराम जैसे बड़े निवेशक शामिल हैं। सैमसंग कंपनी ने नोएडा में मोबाइल डिस्प्ले यूनिट लगाई है। पेटीएम ने 302 करोड़ रुपये का निवेश किया है और 15 हजार लोगों को रोजगार मिला है। डाटा प्रोसेसिंग के सेक्टर में अडानी ग्रुप ने भी 2500 करोड़ का निवेश करने के लिए 39,146 एकड़ भूमि ली है। बहुराष्ट्रीय माइक्रोसॉफ्ट कंपनी ने भी आईटी सेक्टर में 1000 करोड़ रुपये का निवेश करने के लिए 60,000 एकड़ भूमि ली है। प्रापर्टी के कारोबार में आईएनजीके कंपनी ने 5500 करोड़ का निवेश करने के लिए 47833 एकड़ भूमि खरीदी है। इसके अलावा वेस्टवे इलेक्ट्रॉनिक्स, डिक्सन टेक्नोलॉजी, वीवोटेक्स प्रोजेक्ट, रोटो पंप्स लिमिटेड, अग्रवाल एसोसिएट्स, नेप्तुने सिस्टम, एडवर्ब टेक्नालॉजी, सुरभि ग्रुप, आइकिया सॉल्युशन, यूं फ्लेक्स लिमिटेड और केंट आरओ ने भी नोएडा में जमीन ली है।

ग्रेटर नोएडा में 391 बड़े निवेशक
इसी प्रकार ग्रेटर नोएडा औद्योगिक विकास प्राधिकरण क्षेत्र में 391 बड़े निवेशकों ने ग्रेटर नोएडा में अपनी फैक्ट्री स्थापित करने के लिए जमीन ली है। ये निवेशक 26,530 करोड़ रुपये का निवेश कर ग्रेटर नोएडा में अपनी फैक्ट्री लगा रहे हैं। यमुना एक्सप्रेस-वे औद्योगिक विकास प्राधिकरण (यीडा)  के क्षेत्र में जेवर एयरपोर्ट सहित अब तक 1942 निवेशकों को उद्यम स्थापित करने के लिए भूमि उपलब्ध कराई गई है। ये 1942 निवेशक 17,272.74 करोड़ रुपये का निवेश कर अपनी फैक्ट्री स्थापित कर रहे हैं। इन निवेशकों के फैक्ट्रियों में 2,65,718 लोगों को रोजगार मिलेगा। यीडा के अधिकारियों के अनुसार, सबसे अधिक रोजगार जेवर एयरपोर्ट, मेडिकल डिवाइस पार्क, फिल्म सिटी, टॉय पार्क और लेदर पार्क में लोगों को मिलेगा। सबसे अधिक नौकरियां जेवर एयरपोर्ट से लोगों को मिलगी।  

नई ऊंचाइयों पर नोएडा
इस निवेश के चलते अब ये जिला अपने 45 साल के सफर में कई ऊंचाइयों को छू रहा है। यहीं नहीं मुख्यमंत्री योगी आदित्यनाथ की पहल पर नोएडा में अब पुलिस कमिश्नरी सिस्टम लागू हो गया है। अधिकारियों के अनुसार, इन्वेस्टर समिट में साइन हुए एमओयू में से करीब 60 प्रतिशत नोएडा जिले के लिए हुए हैं।

https://www.amarujala.com/lucknow/noida-becomes-the-most-invested-district-in-the-country