Greater Noida: Worried about the process of ownership and bankruptcy delayed by developers, people who want to own houses in twin cities are increasingly investing in projects that have been occupied or where the registry has been executed.
The observer who tracks the scenario of demand and supply in the real estate sector said the transaction volume this year has exceeded expectations.
Data analytical companies show that buyers prefer units ready rather than buying flats which are given lower prices on projects that are still not inhabited.
Officials in Noida and larger noida authorities said the higher number of memorandum letters had been issued this year for the nature of housing.
The letters were issued by the authorities after taking allegations at fixed prices before the sale of sales in the secondary market was completed.
PANKAJ KAPOOR, Managing Director of the Analysis of Real Estate Data Lias Futter, said, “For the past half a year, we have seen higher demand for ready-to-use property in Noida and Greater Noida.
Pending ownership, bankruptcy processes for developers and logjam in The registry did not pay contributions had changed the preference of buyers.
Previously, people wanted to move to a newly built unit that offered better facilities.
But now, they seem to tend to projects that are not trapped in the legal tangle.
“Santosh Kumar, a person Officers about special assignments in the Great Noida Industrial Development Authority, “Buyers that the properties are ready and where sales of sales are permitted are the safest bet in the current market scenario.
Although such properties are available at premium and additional costs, buyers go for them instead of choosing a project that is not gapper AP at this time.
“Avinash Tripathi, Kumar partner at the Noida Authority, said,” While we cannot comment on the sale of the primary market because we do not track transactions in the under construction apartment, the secondary market is not exposed to a pandemic as we expected.
Many flats have been sold to new buyers.
We observe stable growth in the secondary market.
“Sanjay Sharma, SKA Group Director, is different.” We have observed a 30% increase in sales in our project.
The family aspires to move to a bigger and better living room after selling their existing units.
Also, there has been a request in the luxury segment.
The registry logography is a temporary problem.
Buyers who know this are engaged in occupied projects.
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