Why September Stands Out for Real Estate in Noida

September marks the start of India’s festive season and is marked by active real estate momentum:

• Builders do pre-sale launches ahead of Diwali to attract early buyers.
• Greater inventory – and fewer crowds, which means better unit choices and negotiating power.
• Reports indicate increasing investor confidence: A Homebuyer Sentiment Survey conducted in early 2025 found that 63% of homebuyers now consider real estate to be the top investment option.

Clearly, waiting until October or November could mean losing out on the best opportunities.

Economic Factors That Make Noida Ideal

Delve into the numbers and trends defining the flat-buying climate in Noida:

• Rising investor demand: Q1, 2025, witnessed a 28% YoY increase in demand for luxury housing projects, particularly by HNIs and NRIs in the NCR.
• Office leasing boom: Commercial leasing in Noida surged 27% in the first quarter of the year, indicating high employment growth and residential spillover.
• Capital appreciation: Noida real estate has appreciated by 92% in price between Q1 2020 and Q1 2025
• New premium launches are skyrocketing: The weighted average prices of new projects increased 152% between 2019 and 2024 – almost ₹14,946/sq ft.
• Sector-wise price growth: Popular sectors such as Sector 150 registered 15-18% price increases YoY.

These trends demonstrate that flats for sale in Noida offer lifestyle and investment value, making this region a great place to invest this September. 

Why Investors Prefer to Buy a Flat in Noida in September

• Early-bird benefits: Special offers are common on pre-festive launches.
• Improved financing solutions: Banks will be competing with festive loans and quicker approvals.
• Stable prices: Purchasing now will help you avoid facing a price surge over Diwali.
• Best time to make capital gains: September is your takeoff point with favourable growth trends already in play.

Why Noida is a Buyer’s Paradise

The infrastructural support and connectivity make Noida a fabulous real estate destination:

The airport effect: The arrival of the new Noida International Airport and the recently announced  link road is predicted to push land prices by 20-30% around the Yamuna Expressway.

Metro-led price increase: Visible and estimated price increments of 10–15% in metro-connected sectors such as 143, 144, and 150.

Tax credits for women: A new UP government policy that came into effect in July 2025 provides a 1% stamp duty rebate to women who purchase a property valued at up to ₹1 crore – a benefit to boost the number of mid-segment buyers.

This combination of connectivity, infrastructure, and policy facilitation is the reason why an increasing number of buyers are opting to buy a flat in Noida now.

Flats in Noida That Make Sense for September Buyers

ACE Group offers some of the best options available to consider investing in this September:

ACE Parkway – Sports-Centric Luxury on Noida Expressway

ACE Parkway is a luxury development in Sector 150 that would suit a family that values fitness and nature.

• Sports amenities: tennis, squash, badminton, jogging tracks, and even a cricket pitch.
  
• Vastu-compliant homes designed for positivity.
  
• Close to Noida Expressway, schools like RPS International School and Amity University, and healthcare facilities like Kailash Hospital and Yatharth Hospital.
  
• Perfect for: Families and NRIs seeking ready-to-move luxury flats.
  

ACE Starlit – Stylish Living, Premium Location

ACE Starlit offers the architectural finesse of contemporary living at Noida Expressway.

• Panoramic glass façades and modern modular interiors.
  
• Luxury amenities: Expansive pool, clubhouse, landscaped gardens, and fitness studios.
  
• Excellent access to Delhi and major IT hubs TCS & Wipro.
  
• Perfect for: Young professionals, couples, and investors.
  

ACE Terra – Expansive Lifestyle at Yamuna Expressway

ACE Terra offers elegant and spacious 3 and 4 BHK apartments for larger families.

• Lifestyle features: poolside cabanas, banquet lawns, restaurants, and a luxury clubhouse.
  
• Sports facilities: basketball, tennis, jogging trails, and a squash court.
  
• Community-focused living with green zones and leisure amenities.
  
• Perfect for: Families looking for comfort, space, and modern community living.
  

ACE Verde – Neo-Classical Elegance Meets Green Living

ACE Verde presents a distinctive combination of landscape and architecture in the Yamuna Expressway.

• Neoclassical architecture with two exclusive clubhouses.
  
• Child- and family-friendly amenities: crèche, skating rink, amphitheatre, and play areas.
  
• Wellness features: yoga/meditation zones, reflexology park, and senior citizen areas.
  
• Perfect for: Families and seniors seeking a balanced lifestyle.
  

The combination of these projects demonstrates why ACE Group is trusted in the Noida real estate market, with an approach that combines design, lifestyle, and the value of long-term investment.

Key Tips Before You Buy a Flat in Noida This September

• Opt for trusted developers like ACE Group.
  
• Verify RERA registration for legal assurance.
  
• Compare financing deals—festive months bring attractive loan offers.
  
• Visit the site to understand amenities and neighbourhood firsthand.
  
• Choose growth locations like Expressways or metro-connected sectors for better appreciation.
  

FAQs

Is September a good month to buy property in Noida?
Yes – builders introduce new projects, banks offer festive loans, and the demand is more balanced as compared to the Diwali rush.

Are property prices lower in September compared to Diwali?
Yes. September presents consistent Noida flat pricing, whereas the months of festivals tend to increase demand and prices.

Which are the best projects to buy a flat in Noida this September?
Top choices include ACE Parkway and ACE Starlit on Noida Expressway, and ACE Terra and ACE Verde on Yamuna Expressway.

Final Thoughts

September is your golden month to buy a flat in Noida. The presence of expressways, accessibility to airports, and the success of premium projects by ACE Group guarantee that your investment will be positioned for comfort and a high growth potential.

Ready to explore your dream home? Contact ACE Group today to schedule a site visit and secure your flat in Noida this September!

ACE PARKWAY – RERA REG NO. UPRERAPRJ4514 | www.up-rera.in/projects 

ACE STARLIT – RERA REG NO. UPRERAPRJ677294 | www.up-rera.in/projects 

ACE TERRA – RERA REG NO. UPRERAPRJ683816/04/2024 | www.up-rera.in/projects 

ACE VERDE – RERA REG NO. UPRERAPRJ913692/03/2025 | www.up-rera.in/projects

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Current Market Trends

The real estate market in Noida has seen great development and growth in the last few years, thanks to infrastructure development and a change in buyers’ preferences. Here are recent facts to support an analysis of current market trends.

Significant Price Increases

New housing project prices in Noida are currently 152% higher than pre-COVID levels in 2019-2020, at around ₹14,946 per square foot (psf) in 2024. More specifically, the average price of newly launched 2 BHK flats rose from ₹5,712 psf in 2019 to around ₹16,000 psf by September 2024, a whopping 180% increase. The dramatic surge underscores the increasing demand for residential properties, particularly those in the mid-range and luxury segments.

Rising Sales and Registrations

Property registration in the Noida residential market has been on the rise. Between Noida and Greater Noida, as many as 8,128 units were registered in the third quarter of 2024, a 6% increase year-on-year. Of these transactions, 62% were recorded in Greater Noida, which points to buyers’ overwhelming preference for this area due to ongoing infrastructure projects.

During this period, the combined registered home sales value for Noida and Greater Noida stood at ₹6,328 crore, an increase of 34% from the previous year. This sales value surge indicates how much buyers and investors alike have been drawn to what this region offers.

Shift Towards Luxury Housing

Noida’s real estate market is moving from affordable to opulent. The average home sales value has increased to over ₹1 crore, a 41% year-on-year growth. The shift is mainly due to an increasing demand for bigger living spaces with modern facilities. In response to this trend, developers have produced high-end integrated communities that respond to buyers’ preferences for quality living environments.

Decrease in Unsold Inventory

The abundance of positive trends includes a significant reduction in the unsold housing inventory. According to September 2024 data, unsold units in Noida were 4,745, down from 11,379 units in 2019. The decline could mean a tighter market, one where demand is faster than supply, pushing up property prices even more.

Infrastructure Developments

Robust infrastructure development is one of the major causes contributing to the rise in property values in Noida. Notably, the Noida International Airport is going to enhance connectivity and will add further to property prices. The project is expected to attract large investments and spur demand for residential properties as it will make connectivity to other areas much easier.

In addition, Noida is being further connected to neighbouring areas through ongoing metro expansions and improvements in the road networks. The advantages of commuting are that these developments not only make travelling easier but also make Noida a more appealing area to live in, thereby driving demand for property in Noida.

A 2 BHK flat in Noida can be an excellent investing option due to its massive appreciation potential. Given that there are jobs and better living conditions for more people, the demand for mid-range housing keeps growing. Demographic trends depict that young professionals and families are seeking spacious dwellings within the reach of their budget, which is why 2 BHK flats are a great option.

Furthermore, as property prices continue their upward trajectory (152% increase since 2019), investors can be assured of a healthy return on their investment. The high demand for rental properties further solidifies this investment opportunity, ensuring a steady income stream for landlords.

Lifestyle and Amenities

Noida is also about offering a high-quality lifestyle with ample modern amenities. Luxury residential projects such as ACE Starlit and ACE Parkway are two such projects that offer a plethora of amenities, such as parks, gyms, swimming pools, and clubhouses, and many more to enhance residents’ lives. 

Noida is home to world-class amenities, including reputable schools, shopping centres, hospitals, and recreational facilities for families. If you live in Noida, you also get to live close to green spaces and well-planned neighbourhoods, which contributes to a balanced lifestyle. With more people now looking for convenient and comfortable living spaces, 2 BHK flats in Noida have become more attractive to invest in.

Future Outlook

Noida’s real estate market’s future outlook is positive. Experts say economic expansion and job creation within the region are expected to continue to drive property values. Government initiatives targeting the improvement of infrastructure and urban development will influence future demand for residential properties.

With more businesses setting up operations in Noida in view of the advantageous location and other improvements, the demand for housing is bound to increase, making the current time period ideal to buy a 2 BHK flat in Noida before prices escalate further.

Financing Options Available

A number of financing options are available for prospective homebuyers who intend to buy a 2 BHK flat in Noida, and assist in the home-buying procedure. Furthermore, home loans are now even more accessible due to mortgage rates being lower compared to historical standards. Let’s see here a detailed view of some of the current financing options and rates that can help potential buyers make an informed decision.

Current Mortgage Rates

According to the latest data, a home loan in India with a rate of interest between 8.5 and 9.5% is available to home loan applicants as of December 2024. First-time homebuyers can also get competitive rates with many banks. For instance:

• State Bank of India (SBI): Offers home loans from 8.5%
• HDFC: Offers loans at rates beginning at 8.6%
• ICICI Bank: Home loans starting at 8.7%

However, these rates are prone to changes following the Reserve Bank of India’s monetary policy and individual bank policies, so buyers are advised to compare the offers.

Navigating the Financing Process

The financing process can be daunting, but potential buyers can learn from financial advisors or mortgage brokers to help them obtain favourable loan terms. Here are some tips for first-time homebuyers:

Check Your Credit Score: A good credit score means better interest rates. Before applying for a loan, buyers should check their credit reports and correct any disparities.

Understand Your Budget: One of the most important things to know is your budget, down payment capability and monthly payment limit.

Explore Government Schemes: You should also be familiar with government initiatives like PMAY that offer financial assistance and subsidies.

Conclusion

Finally, buying a 2 BHK flat in Noida can be a sound investment, given that property values are rising due to massive infrastructure developments and demand from other segments. At present, good financing options are available, and the city offers a good lifestyle, so potential buyers should take advantage of this before prices increase. Buying now makes buyers an asset owner and gives them an advantageous position in one of India’s most promising real estate markets.

ACE DIVINO – RERA REG NO. UPRERAPRJ6734 | www.up-rera.in

ACE PARKWAY – RERA REG NO. UPRERAPRJ4514 | www.up-rera.in

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The crown jewels of the Delhi NCR real estate market have been Noida and Greater Noida which are growing at an unprecedented pace. Recent statistics confirm the importance of these growing regions since over 8,128 property transactions were recorded in the September quarter of 2024 – a growth of 6% YoY. Among these transactions, 62% were led by Greater Noida, which held an appealing factor for homebuyers.

Factors like robust infrastructure, proximity to Delhi, and upcoming developments like the Noida International Airport are responsible for the growing Noida flat prices and interest in luxury apartments. Let us explore why these areas have become synonymous with high-yield real estate investment.

Investment Potential of Property in Noida

Rising Property Values

The Noida and Greater Noida real estate market is on a sharp upward trend. Transaction volumes have grown somewhat, but the value of home sales has increased considerably. For instance, home sales value in Noida grew 62% YoY in the September 2024 quarter. With the demand for premium properties also rising, the average home price in Noida touched ₹1.05 crore.

Economic Investment

In 2024-25, the Noida Authority has set an enormous development budget of Rs 7,700 crore. A large chunk of this budget has been allotted for urban development, land acquisition for New Noida, and contributions towards the airport project. This financial backing indicates an apparent commitment to turning these regions into vibrant urban centres.

Infrastructure and Amenities

Comprehensive Master Plan for Greater Noida

A 15-year ambitious master plan taken up by the Greater Noida Industrial Development Authority (GNIDA) aims to upgrade the city’s water supply, sewerage and drainage systems. This initiative mainly aims to modernise the existing infrastructure to cater to the increasing demands of residential, industrial and commercial sectors. A detailed project report (DPR) will be prepared to identify the existing systems and project future needs so that it is ready to bear the heavy burden of population growth from 2041 onwards. 

Unparalleled connectivity is one of the strongest pillars of Noida and Greater Noida’s growth. The Yamuna Expressway, Noida-Greater Noida Expressway, and further extension of the metro network aid in further improving the cities’ connectivity. Moreover, the Noida Metro Aqua Line, which connects various sectors of Noida and Greater Noida, has significantly reduced travel time.

World-Class Connectivity

Several infrastructure projects are underway to bolster connectivity within Noida and Greater Noida:

Metro Expansion: Access across the region is set to improve with ongoing expansions of metro lines such as the expansion of the Aqua Line metro connecting Sector-51 to Knowledge Park-5 in Greater Noida West. 

Road Improvements: Noida and Greater Noida have excellent connectivity to Delhi and the Yamuna Expressway due to the well planned road networks, Noida-Greater Noida Expressway, Delhi and Noida Metro Line. These routes also seamlessly connect residents to the Noida International Airport, Ghaziabad, Agra and Mathura. Adding to this connectivity network is the proposed 32 km expressway along the Yamuna Pushta road, that will further enhance travel efficiency.

LRT Service: A Light Rail Transit (LRT) system over the Yamuna Expressway is planned for travel between key areas like the new airport and Pari Chowk. According to new plans, metro, RRTS and light rail will be operating on the same tracks but with loops and sections maintaining a difference on their services. 

GNIDA has also approved plans for a new convention center in Greater Noida. The centre will host national and international events, adding to its business and tourism hub status.

Modern Amenities

There is a variety of world class amenities available in these cities. Amity and Sharda Universities are some of the top tier educational institutes in these cities. Moreover, Jaypee Hospital and many other advanced healthcare facilities in the region make essential amenities within reach for the residents. In addition, the city’s residents have premium shopping centres like The Grand Venice Mall, and DLF which provide a cosmopolitan lifestyle.

Luxury Apartments in Noida

Residential projects continue to skyrocket as demand for luxury apartments in Noida has reached new heights. This rise can be attributed to the fact that new projects offer a variety of amenities, landscaped gardens, and advanced security systems. Today, builders focus on creating holistic living experiences by building sustainable homes with smart home technologies, much to the appreciation of buyers interested in property in Noida. 

Known to be one of the most reputable builders in Noida, ACE Group caters to the demands and requirements for lavish lifestyles. They are renowned for their dedication towards quality and innovation, resulting in sophisticated designs and unparalleled amenities that have redefined luxury. 

ACE Group’s Signature Projects

ACE Group’s luxury offerings encompass a sense of grandeur represented by projects such as ACE Parkway, ACE Divino, ACE Starlit and the newly launched ACE Han’ei, to name a few. Strategically located in prime sectors of Noida and Greater Noida West, these developments ensure proximity to the bustling city while staying connected to tranquil surroundings.

An Aspirational Living Experience

Luxury apartments in Noida are not just about creating a community with beautiful spaces but also about developing a high-quality lifestyle. ACE Group’s projects offer stunning interiors with premium Italian marble, expansive balconies with breathtaking views, and well-planned landscaped greenery, with every aspect of life taken care of with finesse.

If you want to invest in luxury apartments in Noida, ACE Group projects are the epitome of elegance and modernity, offering a rewarding lifestyle. 

Also Read: Circle Rate Increases in Noida and Greater Noida

Future Development Prospects

The ongoing Noida International Airport and plans to develop New Noida as a smart city are fuelling the demand for property in Noida. The Jewar airport is also expected to increase connectivity and help spur growth in commercial and residential sectors. 

Furthermore, the demand for new projects in Noida that can host working professionals has increased further due to the establishment of IT parks, industrial hubs, and global companies that have chosen Noida as their base.

New Noida Project

The Uttar Pradesh government has given a nod to a major new venture – New Noida. This project includes 84 villages across Dadri and Bulandshahr and aims to be a modern urban centre with smart city technologies and sustainable practices. There will be four phases of the development, with the first to be completed by 2027. This futuristic city is expected to be much more advanced than Noida, Greater Noida, and Ghaziabad and will cover an area of 21,101 hectares. The project will generate millions of jobs and will be essential to the region’s economic engine.

Smart Cities and Industrial Hubs

Planned smart city projects and industrial hubs are on the verge of transforming Noida and Greater Noida into smart cities. Technology parks and data centres in Noida are to attract global investments as Uttar Pradesh government drives for it. Also, the Film City near Jewar Airport is expected to give the city a foothold on the national map.

Impact on Property Values

Regional developments are bound to raise the demand for property in Noida, and prices will continue to rise. Jewar Airport alone is expected to add 30-40% to real estate values within 5 years of completion. Early investments in new projects in Noida now offer new buyers an excellent, profitable opportunity.

Conclusion

Their robust infrastructure, strategic location and future development plans are responsible for the meteoric rise of property in Noida and Greater Noida. These cities are turning out to be investment hotspots in part because of significant government initiatives, rise in property value and luxurious living options.

This is the ideal time for investors and home buyers to explore new projects in Noida and buy a property for a profitable future. Noida and Greater Noida have something for everyone whether you’re looking for a luxurious apartment or a budget friendly flat.

Don’t miss out. Seize the opportunity today to establish your foothold in the growing real estate market of Noida and Greater Noida and become a part of the fast-moving real estate landscape.

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In this blog, we will follow up on a few recent updates and new projects that could transform the city and expand investment opportunities in Noida’s property market even further. 

Delhi-NCR Tops Real Estate Investment In India

Delhi-NCR has been the most attractive region for private equity investment in India’s real estate, with $633.3 million invested in the first half of 2024, according to the Cushman & Wakefield report. The upswing is expected due to the high demand for prime offices and luxury residential properties in the area.

The report shows that $483.6 million was invested in office assets in Delhi-NCR, while the residential sector garnered $149.6 million. The major equity buyouts by the leading fund houses have spurred a huge inflow in the office segment, while high-end and luxury residential projects continue to attract investor interest.

Real estate experts have pointed out a rising preference for luxurious living spaces in the NCR. This is due to multiple factors, including the region’s strategic location, well-developed infrastructure, and cosmopolitan population.

The optimistic outlook for the future is that the increase in investor confidence suggests that this year will be favourable for private equity in the commercial real estate segment and may even exceed expectations.

Also Read: Recent Development Updates That Can Upsurge Property in Noida

Aqua Line Metro Extension To Begin Construction in March 2025

Construction of the Aqua Line Metro Extension project is estimated to commence in March 2025. It is an important agenda item of the Noida urban development plan, which aims to link the important sectors through a 29.707-kilometre route. The expansion will improve connectivity to business districts, residential neighbourhoods, and the Noida International Airport, making it a crucial project for the city’s development.

This project is a part of the Noida Metro Rail Corporation, which will connect the Botanical Garden station to Sector 142 and enhance connectivity across Greater Noida by making daily travel easier for more than 125,000 passengers.

A new platform will be established at the Botanical Garden Metro Station to connect the Aqua Line Metro with other routes, such as the Magenta and Blue Line. The Aqua Line Metro will run 11.56 kilometres long and pass through some key locations, such as Sector 44, Sector 97, and Panchsheel Balak Inter College, and end at Sector 142. The budget allocated for the project is ₹2,254.35 crores, and construction is expected to be completed in five years. The DPR for the project is still under consideration and awaits the final nod from the central government.

Uttar Pradesh Plans To Set Up Mega Repair Hub in Jewar

In massive aviation infrastructure development news from Uttar Pradesh, the Noida International Airport is said to be planning to establish a massive repair facility near the Jewar Airport. A recent report by the Times of India states that the airport authority is preparing to come up with the expression of interest (EOI) in September. It will be a mega complex with maintenance, repair, and overhaul services alongside the Jewar Airport.

According to the report, the MRO hub is in the second phase of the Jewar project.  The authority will require 1,365 hectares of land to establish the hub. As the TOI report pointed out, the MRO Hub and all related activities will be located on this parcel of land. It further said that Yogi Adityanath’s UP government has started the process of land acquisition for the aviation hub.

The report stated that Noida International Airport Ltd. has approached few global players. In order to get a positive response, the UP government has launched a special MRO policy. Under this plan, the government will provide special subsidies to companies, ranging between 5% and 12%.

According to a Business Today report quoting industry players, land prices in Jewar have risen by 400% over the past six years. From the report, the cost of 1 hectare of land has risen to Rs 1.5 crore compared with Rs. 25 lakh in 2018.

Flat Sizes Surge in Top 7 Cities: NCR Tops at 96% Growth

According to the latest research by ANAROCK, the average size of the new flats launched in the top 7 cities has increased by 32% in the last 5 years: from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024. Interestingly, in the last six months alone a surge of 7% in the flat size was witnessed. 

Out of all big cities, the National Capital Region observed the greatest increase of 96% in the average size of flats during the mentioned period, which was only 1,250 sq. ft. in 2019 and went up to 2,450 sq. ft. in H1 2024. 

Apart from occupying the position of the highest increase in average flat size over the past five years, NCR has also shown the highest increase over the past six months at 30%—from 1,890 sq. ft. by the end of 2023 to 2,450 sq. ft. in H1 2024. Out of the 24,300 housing units launched in NCR in H1 2024, the maximum share of 18,600 units were luxury homes, comprising 77% of the stock.

New home sales are rising in the top 7 cities after the pandemic, including MMR, NCR, Pune, Bangalore, Hyderabad, Chennai, and Kolkata. Across the top 7 cities, H1 2024 saw total sales of approximately 2.51 lakh units, 9% more than in H1 2023. Therefore, the real estate market in Noida has several opportunities for growth backed by strong infrastructure and increasing demand for diverse types of properties. The Noida property market has great potential for new home buyers and investors willing to invest in property in Noida. We suggest you monitor the changes and use the potential of this active region to your benefit.

The post Real Estate Updates That Can Boost Property in Noida appeared first on Blogs.

What Are The Differences Between India’s Tiered Cities?

Indian cities are named X (first-tier cities of India), Y (second-tier cities of India), and Z (third or fourth-tier cities of India) by the government through this classification system that depends on the density of population. While the tier 1 cities, which include metropolitan cities, are more developed, the tier 3 cities are the still-developing cities in India.

India has eight metropolitan cities in tier 1, namely Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune. At the same time, tier 2 cities cover 104 locations, while the rest are categorized as tier 3 or tier 4 cities.

Capital cities in India are highly populated and have a higher cost of living, which puts a burden on lower-income individuals. There are large international airports, enterprises, top multi-speciality hospitals, and education and research infrastructures located in tier 1 cities. 

Experts in urban planning and economy find that those cities, officially recognized as the tier 2 level in India, are so good that the difference between tier 1 and tier 2 cities is of no significance. The industrialization and lifestyle in cities like Gurgaon, Noida, Vellore, Coimbatore, Kochi, Thiruvananthapuram, Patna, Rajkot, Goa, Lucknow, and Jaipur can propel them to the next tier in the next few years.

What Are The Top Tier-2 Uttar Pradesh Cities?

Noida

Noida is among the most preferred real estate investment markets and has been established as a tier 2 city in India. It is well-connected to the capital city and neighbouring NCR regions through the Delhi Metro. It is quite notable that property in Noida comes with affordable rentals and homeownership alternatives for various income groups.

Ghaziabad

Ghaziabad is not only one of the best options that investors can consider but also shares a similar investor-friendly environment with great connectivity to Delhi. Properties vary from affordable housing to luxurious homes for a range of home buyers.

Lucknow

Home buyers will find themselves looking among the wide range of properties for sale in Lucknow. The city, on the other hand, has an uncompromising infrastructure and offers easy connectivity to other cities.

Kanpur

The days of limited and sporadic transport are gone with the launch of phase 1 of the Kanpur Metro. In short, the city provides enough choices for real-estate investment. The home buyers will be directed to great 2 BHK and 3 BHK units as well.

Ayodhya

One of India’s top tier 2 cities is the temple town of Ayodhya. The new international airport being built will see an upsurge in real estate demand as well. 

Home buyers will find some interesting options for properties situated near places like Naya Ghat and Theri Bazar in the city. Within the short radius of the Ram Janmabhoomi temple site, there is unmatched growth that is clearly pushing up property prices. 

Property in Noida To Bolster With Upcoming ‘Japanese’ and ‘Korean’ Cities 

Noida is about to witness a global metamorphosis, when the cities of Japan and Korea will be emulated at the local level. The YEIDA, through the allocation of large swathes of land, has identified two sectors for the development of these industrial cities, including the acquisition of hundreds of hectares.

Two cities will be set up near Jewar International Airport, as it will serve to strengthen the connectivity between both Japanese and South Korean businessmen. The plan for the city that resembles Japan is set to take place in Sector 5A of Noida, covering 395 hectares. The Korean town will be built on 395 hectares of land in Sector 4A.

The construction of the two towns would require a project cost of Rs 2,500 crore with the addition of the following amenities, such as housing, schools, and hospitals. Located at a 10 km distance from Jewar International Airport, both of these cities would provide a boost to connectivity through their areas.

In the opinion of experts, the construction of ‘Japanese’ and ‘Korean’ cities close to the Jewar International Airport will contribute to the project’s accessibility to other parts of the country. 

Moreover, with the growing procession of ‘Japanese’ and ‘Korean’ cities, there is a vividly increasing number of housing projects in the area that can be used for accommodating the workforce, thus dramatically speeding up the overall rollout of the projects. In a nutshell, both investors and the residential real estate sector will receive significant benefits from these conducive circumstances.

The new Jewar International Airport will spur a flood of job opportunities, tourism growth, exports and trade, and greatly boost the real estate market.

Considering these favourable developments, homebuyers and investors would be witnessing profitable returns from property in Noida. With major projects brimming on the horizon, we can surely expect Noida to reach new heights in the real estate landscape. 

If investing in a property in Noida or becoming the homeowner of a luxury apartment is your goal, get in touch with one of Noida’s prominent real estate developers – ACE Group. Find out about their latest commercial and residential projects that are simply beyond comparison. 

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This blog discusses everything you need to understand about capital gains tax and tax exemptions. 

How Much TDS Must an NRI Seller Pay on The Sale of Property in India?

TDS stands for Tax Deducted at Source. According to the law, the resident buyer must deduct 20% TDS as Long-Term Capital Gains Tax while purchasing a property from an NRI Seller if it has been held for over two years. 

However, NRIs have to pay a TDS of 30% if they sell their property in India within two years of buying it. It should be noted that this tax is deducted as Short-Term Capital Gains Tax. Don’t forget that the deduction also includes TDS plus surcharge, education cess, and health. 

The tax an NRI is liable to pay on the gains is determined by whether it’s a short-term (under 2 years) or long-term (over 2 years) capital gain. Interestingly, NRIs also need to pay the tax if they inherit property in India. 

In that case, you can backdate the property to when it was purchased by the original owner to figure out if it’s a short-term or long-term capital gain. 

Also Read: How Can NRIs Manage Indian Properties With Power of Attorney? 

How To Pay Less TDS? 

You can ask for a refund if the tax deducted at source exceeds your total tax liability, or you can simply apply for a certificate to pay a lower TDS rate for efficiency. However, you must apply for this certificate before executing the sale agreement. 

The TDS is determined after calculating the capital gains. As a result, you wouldn’t have to file for a refund and would get money in an instant. You are advised to consult a lawyer in this regard to seek expert counsel. 

Exemptions Under The Law  

An NRI may be able to reduce tax liabilities by availing certain exemptions under Sections 54, 54F, and 54 EC. Let’s take a quick look. 

Section 54

You can get tax exemption by reinvesting the capital gains earned from the sale of the property into purchasing another one in India. 

That’s right; if you take the capital gains you made by selling a property and reinvest them to buy another one in India within 2 years of finalizing the sale, you become eligible for an exemption. 

Here, it is paramount to note that you don’t have to invest the entire sale receipt to buy another property. You only need to reinvest the capital gains to get a tax exemption. Of course, if the price of your new property exceeds the capital gains, you would only get an exemption for the profit you reinvested. 

You may also invest the capital gains to construct another property, but the construction needs to be completed within 3 years from the date of sale. 

Section 54F 

Tax exemptions under section 54F can be availed of in case there is a long-term capital gain on the sale of a capital asset apart from a residential property. All an NRI has to do is buy one house property within a year before the transfer date or 2 years after the transfer date. 

You may also construct one house property within 3 years following the date of the transfer of your capital asset. However, you cannot sell this property for 3 years after buying or constructing it. Plus, the property should be located in India. 

Most importantly, you are supposed to reinvest the entire sale receipt you received after selling your capital asset for complete exemption on capital gains. Otherwise, the exemption will be done proportionately.  

Section 54 EC

Under Section 54 EC, an NRI can get an exemption by investing the capital gains earned from selling property in Capital Gains bonds within 6 months of finalizing the sale. 

Collecting Funds 

You have to fill out and submit forms 15CA and 15CB in order to repatriate the proceeds from the sale of the property. Plus, Form 15CB must be accredited by a chartered account. However, you can fill out the form 15CA yourself. An NRI can transfer USD 1 million a year from India to another country.

While you can learn plenty of information from the web and other sources, it’s always better to seek legal counsel to confirm the details based on your specific circumstances. 

If you are looking for luxurious, modernised, and best-located residential properties for investment in India, get in touch with ACE Group. Get to know more about our latest projects that meet every buyer’s needs and wants fully.

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The interesting and attracting facts-

Connectivity: Sector 152 is connected via expressway to Greater Noida and Delhi from Noida. The location also has direct connectivity to Faridabad and Ghaziabad via the upcoming FNG corridor. Also, the location is near to Yamuna Expressway which takes you to cities like Mathura, Agra and Lucknow in no time.

Open Spaces: The sector has more open spaces with wide internal roads and is on the bank of Yamuna river which also gives natural green and serene surroundings.

Higher ROI: Like its forerunner and the neighbouring sector 150, sector 152 has a higher potential of giving maximum returns on property investments. Sector 150, over the time has witnessed appreciation of property rates as high as 100% in a few years. Sector 152 has almost similar traits and benefits like sector 150 and is expected to be the next big thing in the property market of Noida.

Proximity to landmarks: The sector is near to major landmarks of the town like Amity University, Sector 18, Kalindi Kunj, Pari Chowk, Noida Intl. Airport, Intl. cricket stadium and much more.

Luxurious projects: The sector is an upcoming home to some of the most luxurious projects by some of the most prestigious builders of the country. One of the recently launched projects here is Ace Starlit by the choicest developer of the North India – Ace. The project offers luxury apartments on Noida Expressway in 2 and 3 bhk type. The project was recently launched and has received amazing response from the buyers.

So, now we hope that your decision making becomes quite easy if you are planning to buy property in Noida. Sector 152 is the right choice!

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