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Latest Property News on "Noida"
The 3C Company, a leader in conceptualising green buildings in the country and Noida’s largest developer of commercial and IT office space, today announced the launch of India’s Largest Green Residential Estate - “Lotus Boulevard”. The 3C Company has planned the 40 acres housing project with an outlay of Rs.1,550 crore. The first part of this landmark project, spread over 30 acres, has been funded jointly with Red Fort Capital, the leading international real estate private equity fund.

Lotus Boulevard is strategically located in Sector 100 of Noida amidst the already habitated sectors – 46 & 47 and right off the Greater Noida expressway. This Green residential estate enjoys excellent connectivity with the key locations in Noida – DND Toll Bridge, Sector-18 Market, upcoming DMRC station, schools, hospitals etc. Speaking at the launch, Mr. Vidur Bharadwaj, Director, The 3C Company said, “Lotus Boulevard will strengthen our vision to be an integrated green developer creating buildings which are truly sustainable in form, function and use
Affordable Housing
After a bad year for the property market sales for affordable houses finally seem to be picking up in Delhi-NCR and right pricing and location seems to be doing the trick. Two housing projects in Delhi-NCR have been fully booked within days of launch. According to data available, 3300 flats in Jaypee Greens new project ‘Aman’ on Noida-Greater Noida expressway were booked on day 1.

Santosh Kumar, CEO of operations at JLLM, said, “Prices are realistic, which is basically the developer making a 25-40 per cent margin. Secondly the new government is focusing on infrastructure, so there’s also an indication that interest rates may go down again.” However, it’s not only end users who have started queuing up for affordable houses.
Residential Project
Real Estate developer Design Arch said that it will develop a residential project with application of green technology in Greater Noida. The company plans to develop 10 such e-house projects in the metros by 2010-11. “We have just announced our first e-home concept called Gardenia E-Homes at Greater Noida. It will be followed by another nine such project in various metros over next three years,” Design Arch Managing Director J K Jain said. He said that the company is investing Rs 150 crore for the Greater Noida project and expects a realisation of Rs 250 crore once the project is completed by mid 2010.

green building may cost a little more initially, but saves through lower operative cost over the life of the building. There are many benefits, such as improving occupants’ health, reducing pollution and land fill waste,” he added. He said that the company will develop both commercial as well as residential properties with this new concept. The structures would be electronic savvy, environment friendly, earthquake resistant besides other amenities.
Greater Noida is all set for Growth
Major residential developments coming up given the kind of positive picture being projected by real estate in Greater Noida, the country’s most prestigious names have launched huge residential projects in the city. Unitech has entered the market with two higher-end residential projects Unitech Grande and Unitech Cascades. Eldeco has also been developing a residential township spread over 18 acres, while Omaxe is also not lagging behind. The group is in fact targeting Non Resident Indians (NRIs) with its NRI City project, though their second project, Palm Greens, is also an upbeat one and comes under the luxury housing segment
 
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