Owning Properties In Indirapuram - Lucrative Business With High Roi Value

Indirapuram is having the most approved space in terms of launching the commercial properties

. According to the Lalit Jain from Jain Constructions who stated that most of the commercial Indirapuram properties are having high rise commercial towers with excellent amenities, power back up facilities as well as centralized security and maintenance. The main reason behind the growth of property in Indirapuram are due to the easy accessibility from the city Delhi, Noida and Faridabad. From Delhi it is just at a distance of 35 min drive, and is featured with an impressive malls especially the Shipra mall which is known to be the crown of all. Other retail spaces in the Indirapuram are Park Plaza, Aditya Mega Mall, Premier Mall, Sunrise Green Plaza, Eros Market, OC Square Place and D Mall.

The capital value of ndirapuram properties especially in the malls vary from Rs 10,000-15,000 per sq ft, however few premium malls are also fetching up to Rs 24,000 per sq ft such as OC Square by ABA builders Limited. According to Sharma, depending upon size, availability, location etc, the rental value of shops in operational malls vary from Rs 50-100 per sq ft per month.

The values for the residential projects in Indirapuram for sale have been stabilized with marginal escalation with the registration at the rate of 70-80% appreciation during the period of 2006-2009. Some of the luxurious Indirapuram projects launched in the specific areas are Arihant Paradiso, ATS Infrastructure, Divyansh Pratham, Eastern Height VXL Realtoes, Arihant Harmony, Krishna Apra Garden, Antriksh Apartments. Hence, the current capital value of apartments varies from Rs 3,500 to Rs 5,500 per sq ft.

Due to the proximity to Noida and Delhi, it has been seen to achieve the success in launching the real estate Indirapuram properties at the highest rate. As the city is located between three major cities like Delhi, Ghaziabad and noida, hence the infrastructure of the Indirapuram is believe to be one of the biggest strength.

The real estate Indirapuram market has reached little below the saturation point and is offering a strong potential for developing new residential projects. There are number of well known builders who have launched their projects in this region. This includes Antriksh, Vasundhara, Gaursons, Mahagun, Amrapali, Ashiana, Supertech, Parsvnath, Express Builders, Krishna Apra, Jaipurias, Assotech, Agarwal Associates, SVP, etc. Their most of the projects are already launched, while some of them are still in various stages of completion. There are a total of 90 projects 66 have been completed and 24 under construction with an occupancy rate of 72%. Rates of these over 26,394 flats vary between Rs 1,900 and Rs 4,200 per sq ft.

According to Dujendra Bhardwaj the director of JMD Realty Pvt Ltd who states that the demand for the Indirapuram properties is growing, hence it has become the best place to invest. As well as this is the perfect place to inhabit due to close connectivity to all the major destinations.

by: Ravi Shankar

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