The impact of demknetisation seems to have waned in the real estate luxury market. A slew of luxury products are either under construction or in pre-launch stages in Noida and over 60% buyers of these properties are Noida residents themselves.
- According to developers, these flats are priced in the range of Rs 8,000 per sqft, almost double the price range of properties. The rest 40% are being brought by Delhi resident.
- Interestingly, all these flats are being picked up by those looking for a better lifestyle and not for investment.
- Builders, too, are upgrading their apartments with features like infinity pools, open air jacuzzis, spas, squash courts, cabanas, trees next to each balcony and with the scope of of expansion of the flats to duplex and penthouses.
Source: Times of India