According to property consultant CBRE, institutional investors invested $4.5 billion into Indian realty sector during the first nine months of 2014. This indeed is an indication of improved investor sentiment after the formation of a new government at the Centre. In terms of total real estate investments made in Delhi NCR, land and development stage transactions was over 60% of total realty investments in the city. Office space transactions increased by about 20% year-on-year in the first nine months, with more large-scale space leases and higher lease volumes on an average over the previous year across leading cities in India.
This year Noida real estate has witnessed a growth of 60%, irrespective of the overall low sentiment of the market in Delhi-NCR. Critics who saw Noida as a dull market are now saying that figure of the first three quarters of the calendar year 2014 indicates that Noida has been witness to higher sales volume than any other part of the Delhi-NCR.
To add to Noida’s shine, Wave Infratech is developing the first smart township in Delhi NCR, Wave City Center in the city. Wave City Center is located in Sector 25A & 32, heart of Noida. Wave City Center offers serviced residences, multi use studios, premium office complexes, high street shop condominiums, mall & multiplexes, a range of premium hotels, etc.
TOI / Economic Times