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41% respondents foresee moderate outlook for real estate: 360 Realtors’ Survey

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41% respondents foresee moderate outlook for real estate: 360 Realtors’ Survey

As the 360 ​​Realtors survey shows, the Indian real estate industry will recover. The survey shows that 41% of respondents believe that the industry’s prospects are moderate. 19.4% of respondents believe that India’s real estate prospects are promising. 7.7% and 14.3% respectively indicated poor prospects and very poor prospects. 360 Real Estate Brokers, one of the country’s largest institutional channel partners (ICP), has conducted a consumer sentiment survey of 1,200 insightful potential home buyers to assess market views when the economy opens after lock-in 2.0. The survey was conducted with the help of an online questionnaire. “The 360 ​​Realtors survey aims to understand how market sentiment, economic climate and policies will affect Indian real estate purchase behavior, whether isolated or combined, in the future. Currently, Indian real estate is at an important juncture. In the second time After the setbacks caused by the lockdown, demand has improved again. This will definitely lay the foundation for a faster recovery,” Ankit Kansal, founder and general manager of 360 Realtors, was quoted as saying. When asked about their preferred real estate options, 48.9% of the respondents said apartments, followed by 25.6% who preferred land development. This is an obvious change in the market, as more and more buyers now prefer to live in isolated and spacious places. In addition, since WFH’s operating model will continue for some time, education will be mainly online, and families now need more space. This will lead to a spiral increase in demand for land development and towns in the suburbs. Approximately 42% of respondents indicated that they may purchase a house in the next 12 months. About 35% of the respondents responded otherwise. Nearly 23% of respondents said they were hesitant to make a purchase decision. The survey also reinforces the importance of real estate as a prudent and risk-averse investment tool. 58.5% of the respondents chose real estate as their future investment method. When the fragility and fatigue of the financial market will persist, tangible assets such as real estate will become the first choice for investors.

News Source : Construction Week Online

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Greater Noida Land hurdle cleared for road linking Knowledge Park 3 with LG chowk

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Greater Noida Land hurdle cleared for road linking Knowledge Park 3 with LG chowk

The Greater Noida authority is set to issue a tender to finalise a contractor to build a 1.5km stretch of a key road connecting LG Chowk to the education hub in sector Knowledge Park 3. The private firm owning the land has agreed to give it away for the road project after 15 years of negotiations. The authority will build a central verge, drainage network, horticulture.

work to beautify the road, which has witnessed frequent road accidents due to its half-built state. The authority will issue a tender to finalise a contractor, approving a budget of ₹31 crore for the project. The road is expected to take six months to build, as the current road is half-built from the education hub to LG Chowk and the other half is not built due to land issues.

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Greater Noida is set to build a bridge across the Hindon river, connecting the education hub road to Noida’s busy areas. The work has been expedited after resolving a land dispute, as the road will witness heavy traffic once the bridge is ready. The authority will build a central verge, drainage network, and horticulture work to beautify the road, which has experienced frequent.

Road accidents due to its half-built nature. Once the bridge is completed, commuters will travel through the road with ease and reach Noida from Greater Noida in five minutes. The bridge and road stretch will alleviate the need for commuters heading towards LG Chowk and Surajpur to traverse the Noida-Greater Noida Expressway up to Pari Chowk, reducing travel.

Distance by at least 10 kms and easing congestion around Pari Chowk The Greater Noida Authority has resolved a longstanding land acquisition issue, paving the way for the construction of a crucial 1.5 km road linking LG Chowk to Knowledge Park 3. This development is expected to significantly alleviate traffic congestion at Pari Chowk.

  • Project Overview: The proposed six-lane road will feature three lanes in each direction, service roads, a central verge, and a comprehensive drainage system. These enhancements aim to improve traffic flow The road is being connected with Noida’s sectors 144, 145, and 146 through a new and do bridge being built across Hindon and enhance connectivity between key educational hubs in the region and reduce waterlogging during the monsoon season.
  • Land Acquisition Resolution: The land, previously owned by Super Cassettes Industries Ltd (T-Series), was a major bottleneck for the project. After extensive negotiations, the company has agreed to provide the necessary land for the road construction. Under the agreement, T-Series will retain 40% of the undeveloped land against external development fees, while the Greater Noida Authority will acquire.
  • Impact on Commuters: The new road is anticipated to benefit approximately 5 lakh people, providing a smoother and more efficient route between Knowledge Park 3 and LG Chowk. This will not only ease daily commutes but also support the region’s growing educational and commercial sectors This initiative reflects the Greater Noida Authority’s commitment to enhancing urban infrastructure.
  • A major hurdle has been cleared for the construction of a crucial 1.5 km road linking Knowledge Park 3 with LG Chowk in Greater Noida. The road aims to ease traffic congestion connectivity in the region, particularly benefiting the educational hubs.
  • The road project, designed to be a six-lane road with three lanes in each direction, will feature service roads, a central verge, and an efficient drainage system. These improvements are expected to enhance traffic flow and reduce waterlogging during the monsoon season, contributing to smoother commutes for the local population.
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  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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