Noida - Greater Noida - Bhowali (Nainital) - Lucknow
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Posted on: 03.05.2020
Noida - Greater Noida - Yamuna Expressway cluster is identified an Electronic Hub
India has shortlisted 10 Mega clusters across India to attract companies world-wide. It is part of planning to provide tax benefits and other relaxations. This is an attempt to project India as an alternate destination amid the Corona pandemic.
There is a list of 40 clusters and 10 most potential clusters selected out of these 40 clusters. Government is projecting all clusters as sectorial potent. Noida - Greater Noida - Yamuna Expressway cluster is identified as Electronic hub. Other potential clusters are Gurgaon - Manesar, Hyderabad, Ahmedabad, Vadodara (Bharuch-Ankleshwar Cluster), Mumbai-Aurangabad, Pune, Bengaluru, Hyderabad, Chennai and Tirupati-Nellore.
This is part of an exercise initiated by Government of India and finally published the above list "Great Places for Manufacturing in India".
These initiative will boost the investment in India because of cheap labour and latest Corporate tax reforms. Above all, India will be a big domestic market for all manufacturer. The tussle of America with China and anger of European countries against China will play a major role in favour of India. The areas to be kept under vigilance are poor infrastructure, law and order situation, trade unions and red tapism. The work culture, skills and productivity need grooming and setting standards to the level of international expectations.
https://greaternoidarealty.blogspot.com/2020/05/noida-greater-noida-yamuna-expressway.html
Posted on: 03.05.2020
Real Estate after Corona Pandemic
Corona Pandemic has given a big jolt to the economy of World as a whole. The production units are shut down and offices are closed. people are locked in their houses. The economic activities are at halt. This has started showing adverse effects on jobs and earnings. Many employees have lost their jobs. Some are in the job but at lower payouts.
The infrastructure sector is also amongst worst affected. No development work is going on. Biggest threat before everyone is of their own survival. Majority of people are losing their purchasing power. People will decrease consumption, which will adversely affect the demand. This will lead to lower production. The cumulative effect of this gamut will be lowering the surplus in the hands of people. This will ultimately reduce the demand of Property for some time.
More companies are offering "Work from home" to their employees. It will reduce their operating cost. The employees will also welcome this move as their travel time and exertion is reducing. The Government and local administration will also promote such type of work culture because load on infrastructure and public transport system will reduce. This new phenomenon will lower the demand of office spaces in near future.
A price correction is evident in near future to the extent of 10-20% in residential sector and 20-30% in commercial sector/Office Spaces. At the same time we can not overlook a fact that every disaster end with new opportunities. Demand for spacious houses, remote located houses, newer designed houses will increase. The migration of companies from China will also boom the market, where they land.
https://greaternoidarealty.blogspot.com/2020/05/real-estate-after-corona-pandemic.html
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Patel Propmart Pvt Ltd
508, Tradex Tower-II, Alpha-I
Greater Noida (UP) 201308 India greater_noida_new
ph: +91 9910161437
alt: +91 9711175560
anilsach