Investors in Noida Extension since 2009-2010 are finally seeing progress as land acquisition issues resolve, with new projects and increased demand anticipated.
Real estate companies are promoting 2-bedroom apartments for around Rs 20 lakh to revitalize the housing market, leveraging lower home loan interest rates. However, buyers should be wary of hidden costs and remote locations.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
Real estate developers are offering incentives like "No EMI till possession" and "EMI holidays" to boost sales amid a sluggish market. These offers aim to attract end-users by easing the financial burden until project completion.