Is the real estate boom in Noida a builder-created hype?

Surely this is a propaganda created by the builder, these people have banned re-sale in their respective projects, the truth is that there is plenty of supply in the market but those properties are neither being registered nor transferred. This is a fully managed scam.

Most of the builders are in the defaulter list of Noida Authority and other financial institutions, so Noida Authority has banned the property registration of these defaulter developers/builders, but these builders of Noida take advantage of this to sell their flats/properties on arbitrary price, and ban resale, or charge huge sums for internal property transfers.

The real estate boom in Noida, like in any other city, is influenced by a combination of factors, including market demand, infrastructure development, government policies, and investor sentiment. While developers may contribute to creating hype around certain projects, it’s essential to recognize that the growth in Noida’s real estate sector is driven by various underlying factors:

1. Developer Marketing Strategies: At first glance, the real estate boom seems to be a hype created by the builders/developers, because most of the developers in Noida don’t allow resale of flats in their real estate projects, or we can say that they have put a ban on property transfer, or they imposed excessive transfer charges,  so that the buyer thinks that he can buy the flat through fresh booking instead of resale.                           While developers may engage in marketing strategies to promote their projects, including advertising, promotions, and events, it’s important to distinguish between genuine demand and artificially created hype.
2. Infrastructure Development: Noida is already experiencing significant infrastructure development, including expansion of metro connectivity, construction of expressways and development of commercial and residential centers. There is nothing new right now. Then why so much hype, it could be a game plan of builders/developers/agents.
3. Demand from End-users and Investors: Demand for real estate in Noida comes from both end users looking for homes and investors looking for capital appreciation and rental income opportunities. Factors such as Noida’s proximity to Delhi, availability of affordable housing options and employment opportunities contribute to the demand in the market. This may be a reason, but INR Rs 4,000/- Per Sq. Ft. can’t suddenly turn into INR Rs 20,000/- Per Sq. Ft.
4. Government Policies and Incentives: Most of the developers are in the defaulters list of the Noida authority and the flats of their projects are not even being registered. And the government not help flats buyers, then why this hype in Noida Real Estate Market?
5. Market Dynamics: Real estate markets are subject to cyclical trends and external factors such as economic conditions, interest rates, and regulatory changes. Boom periods may be followed by periods of consolidation or correction as the market adjusts to changing dynamics.

While some degree of hype or marketing efforts may contribute to the perception of a real estate boom, it’s essential for buyers and investors to conduct thorough due diligence before making any investment decisions. Factors such as location, project quality, developer reputation, legal compliance, and market fundamentals should be carefully evaluated to make informed choices in the real estate market.