Noida Swing Skyscraper City With Gurgaon

If the recent residential property launches in Noida are any reminder, it may look that the builders in the city are compulsive to compete with global cities. The real estate industry, which has for long been known for low & mid-rise homes, has suddenly come alive to the reality that sky-high Apartments and buildings are the way forward to reconcile the population converging to the Delhi-National Capital Region (NCR). The booming presence of corporate homes in Noida, is further fuelling this tendency. Accordingly, Noida is giving solid competition to adjoining Gurgaon, which has been Popular for its skyscraper buildings in Delhi-NCR. One of the Heights Residential buildings of the region, the World Trade Tower, was before now there in Sector 16 of Noida. However, this is a commercial structure. Today, the highest residential building in Delhi-NCR is also defining up in Noida, having a height of 300 metres (984 ft) and 81 storeys. Although it is the tallest building in Noida, as per the allowable limit of the area, it is not the only building. Many of the new projects in Noida, of late, are 40 storeys and High. Benefits nonetheless, expert’s maintain that Noida still lags bit behind from other leading cities of the world, similar as those in China, Singapore & alike Indonesia, vis-à-vis the growth of high - rise building. Sachin Sandhir, global (M.D) managing director emerging business of RICS, justifies that skyscraper are essential, to derive superlative economic benefit from fixed space. Skyscraper hold the potential for big real estate development, while being financially feasible, as it is the price of land that probably accounts for nearly 60%-80% of a unit’s amount, he points out. “skyscraper assume for mixed use (for residential, hospitality and commercial function), can really be energy profitable as they ease burden on land and free up the surrounding region, for making of infrastructural facilities and landscaping role. Additionally, with different services and facilities being potentially suggest under ‘one roof’, there is an repose in the urban sprawl with a bigger segment of the population being readjust by existing public transport and infrastructure,” Sandhir elaborates

See also: Corporate Builders gamble on Noida’s future growth changing style of living Rattan Hawelia, chairman of the Hawelia Group, feels that style of living have changed substantially and people are regularly looking for something new & different. To meet this requirement, developers are also approaching out with new ideas to woo their customers. “Addition in the floor area ratio (FAR) to meet the shortfall of housing demand, also induces builders to construct skyscraper.

High – rise building covered lesser ground area & thus, provide more eco-friendly and green living solutions. Changeable demographics, growth in disposable income & increase aspirations of buyers, have also inspired the builders to launch skyscrapers, which assure world-class facilities. Hence, skyscrapers are becoming an inescapable reality,” says Hawelia. Noida is also appealing a developing number of corporate & multinational companies & this may deliver as a catalyst, for the exploitation of high-rise buildings in the area. Consequently, many developers are now aiming their product contribution at this segment & the professionals in these MNC companies, who are feeling to pay the amount tag that comes along with it. With Builders keen on High -rise building and the government alleviating guidelines in its favour, Noida’s real estate industry could completely reach for the azure.