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Buying a new home may have several different reasons behind it. You might have one of your own. Real estate prices in New Delhi, particularly, in the Gurgaon and Noida, both integral parts of the NCR (National Capital Region).
Among the top notch real estate developers Noida is MMR Group Noida, a company actively participating in creating concept living spaces across the country. They have left their mark in several remarkable achievements over the years. According to insiders, the company has been behind several projects in the NCR, some of which are still considered benchmark structures.
Trends in Home and Land Prices across India
A pattern can be observed in prices all throughout the real estate industry across India. Be it New Delhi, Kochi, Bhopal or Faridabad, prices have gone up significantly in the recent past. A survey carried out by the National Housing Bank (NHB) shows that first time home buyers are not enthused by the infrastructure in satellite areas around developed cities of India. This had led them to buy properties within the city, thereby increasing the price of properties by:
· 33.73% in Bhopal (Madhya Pradesh)
· 33.38% in Faridabad (Haryana)
· 24.30% in Kochi (Kerela)
· 16.60% in Surat (Gujarat)
· 16.29% in Delhi
One reason that has propelled real estate prices in India is the rising cost of building materials and the sudden spurt of living standards of citizens residing in regions such as Noida, Gurgaon, Bangaluru, and Ahmedabad. Real estate developers Noida are gradually awaking to the fact that buyers are willing to dole out the extra amount for better features. The sudden emergence of the feature seeking buyer has prompted property prices to rise all throughout the country but particularly in Noida and the adjoining NCR region.
We must consider multinational companies which are behind the rocketing land prices. These are aggressively acquiring land for their upcoming offices or to increase their existing infrastructure in the NCR, where talents migrate for jobs from all over the nation.
Why MMR Group Noida?
First and foremost, the real estate developers Noida we are talking about are based in Sector 62, which is currently under a wave of development. At least 5 new metro railway stations have been proposed in the sector. Chandra Bhanu Singh, Deputy CEO of Noida Authority is enthusiastic about the progress and says that construction will begin soon.
The choicest of the regions educational, health, financial and business institutions are within reach of the MMR Group Noida structures. What makes it even more attractive is the pricing of the project. Despite the slump in the real estate, ken investors are putting their money on MMR Group Noida.
The mood is upbeat which is evident from the interest shown by professionals in their late thirties with high income, but living in rented apartments. Visit the Facebook page of MMR Group Noida to keep in touch with the latest.