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Noida in recent times have seen meteoric rise in terms of property prices. From being a mere satellite township of Delhi it has grown into a full fledged city with all the things that makes up for a decent city like better infrastructure, better sanitation, decent commercial avenue, shopping centers , hospitals and schools and so on. And the same flats in Noida which were available at throwaway price ten years ago have been selling at astronomical price.
In fact, the promotion of Greater Noida by the Uttar Pradesh government has led people to believe that Noida has been saturated and Greater Noida is just trying to ease off the pressure on Noida. But, this is a misconception as Noida still is seeing some hectic activities by the prominent builders and there, still, are numerous residential projects which are being developed in full swing. Accompanied with all these, the recent economic downturn has seen large scale price correction by the realtors and flats in Noida are again being offered with genuine price rates.
Many believe that the price will see some more correction in the wake of the continuing fiscal sluggishness and hence they are just waiting to start purchasing flats in Noida at rock bottom price. But, in the forthcoming budget (the Union budget 2009) a bailout package to the real estate can really pump up the realtors and the prices may get into the upward swing. So, it might happen that the prolonged waiting to buy flats in noida turns sour with the raised prices once again.
The city is well connected to Delhi and the connectivity is being pertinently worked out so as to involve lesser time in traveling to and fro to the capital city. The metro rail project is soon to be completed and it is few months that the regular commuter will start enjoying the ride.
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