study of real estate pricing around noida metro

Download Study of Real Estate Pricing around Noida Metro

Post on 15-Apr-2017

81 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

PowerPoint Presentation

PROPERTY DEVELOPMENT AROUND METRO STATIONSREAL ESTATE DEVELOPMENT BETWEEN NOIDA SECTOR 16 NOIDA CITY CENTRE METRO STATIONSGROUP-2MBEM-II, SEM-IIIS.P.A, NEW DELHIREAL ESTATE MANAGEMENT

INTRODUCTION STUDY AREA

NOIDA GOLF COURSE METRO STATIONNOIDA CITY CENTRE METRO STATIONBOTANICAL GARDEN METRO STATIONNOIDA SEC 18 METRO STATIONNOIDA SEC 16 METRO STATIONTo study the impact of metro on the real estate, the terminal stations of the blue line of Delhi Metro were identified.

The stations covered in this study are Noida Sector 16 Metro StationNoida Sector 18 Metro StationBotanical Garden Metro StationNoida Golf Course Metro StationNoida City Centre Metro Station

For the purpose of the study, the region of influence of the metro stations was limited to areas within 1km from the metro.

LEGENDRegion of InfluenceExisting Metro LineProposed Metro LineDemarcation within Zone

REAL ESTATE DEVELOPMENT NOIDA SECTOR 16 METRO STATIONApart from Sector 15 and Harola Village,The area around Noida Sector 16 Metro Station is mostly Small Scale Industrial and Commercial.Most of the offices in Sector 3 belong to IT and Software companies.Other Amenities around Sector 16 Metro Station include Post Office Dispatch Center(Sector 16)Noida Public Library, Mahamaya Balika College (Sector 15)ISBT (Sector 16)

NOIDA SEC 16 METRO STATIONHAROLA VILL.SECTOR - 2SECTOR - 3SECTOR - 4SECTOR - 5SECTOR - 16SECTOR 15ASECTOR 15Sector 16World Trade Tower34 floor office space located on DND Expressway near metro station sector 16 is a prestigious office space with business centers and a five star hotel is a leasehold property.Prevalent Rental Value- Rs.75 to Rs.125 per sq.ftCapital Value Rs.12000 Rs.14000 per sq.ft

REAL ESTATE DEVELOPMENT NOIDA SECTOR 18 METRO STATIONSector 18 and Atta Village are the commercial centres of Noida.Sector 16A consists of Film City and Institutional Areas.Sector 17, 19, 27, 26, 20 are primarily residential.Other amenities includeKalibari (Sector 27)Shiv Mandir (Sector 19)Post Office (Sector 18)Police Station (Sector 20)BHEL TownshipRental Value 1bhk-930 sq.ft Rs.165002 bhk- 1200 sq.ft Rs.18000/-3 bhk-Unfurnished-1800 sq.ft Rs.25000/-3bhk-Fully furnished-2400 sq.ft Rs 45000/-

NOIDA SEC 18 METRO STATIONSECTOR - 18ATTA VILL.SECTOR-27.SECTOR-19.SECTOR-17SECTOR-16AFILM CITYSECTOR-26SECTOR-20Sector 19, Pocket ERental Value1bhk-930 sq.ft Rs.165002 bhk- 1200 sq.ft Rs.18000/-3 bhk-Unfurnished-1800 sq.ft Rs.25000/-3bhk-Fully furnished-2400 sq.ft Rs 45000/-Wave OneCommercial Complex Retail Spaces, Office Spaces , Multiplex and parking Spaces495 sq.ft Rs.12000 /- to Rs. 35000/-

REAL ESTATE DEVELOPMENT BOTANICAL GARDEN METRO STATIONSector 28, 37 were found to have low rise residential area consisting of independent bungalows and group co-operative housing.Sector 44 consists of builders flats.Sector 38A was marked as a botanical gardenNoida Sector 18- GIP MallProject Details240+ outlets1 million sq. ft. of retail space.Annual footfalls: 10 million (Approx)

BOTANICAL GARDEN METRO STATIONCHALERA VILLAGESECTOR-44SECTOR-38ASECTOR-28SECTOR-37Noida Sector 37Residential Rental Rates 2 BHK apartment (1100 sqft) in varun enclave Rs. 18000 rent 3 BHK apartment (2500 sqft) in brahampura apartment-Rs. 24000Property Rates-900-1500sq.ft @ Rs. 6500/sq.ft2500 sq.ft @ Rs. 6700/sq.ftCommercial/Office Space 226 sq.ft available on lease @Rs. 23000/sq.ft (Ganga/Brahmaputra Market)SECTOR 43 NOIDACommercial land 950sqyd @250000/sqydResidential land 350sqyd 100000/sqyd

REAL ESTATE DEVELOPMENT GOLF COURSE METRO STATIONSector 30, 31, 36, 37, 39, 40 were found to have low rise residential area consisting of independent bungalows and group co-operative housing.

Few builders flats are present, but no demarcated zone as suchSector 36, Sector 40Residential Independent Houses - 1100-1800 sq.ft @ Rs. 1000-2500/sq.ftPlot Rs. 125000/sq.mCommercial (Block A Market) 750-950 sq.ft @ Rs.45/sq.ft (rental)

GOLF COURSE METRO STATIONNITHARI VILL.SADARPUR VILL.GOLF COURSE (SEC 38)SECTOR - 31SECTOR - 37SECTOR - 36SECTOR - 39SECTOR - 40SECTOR - 30Sector 37Commercial/Office Space 226 sq.ft available on lease @Rs. 23000/sq.ft (Ganga/Brahmaputra Market)

REAL ESTATE DEVELOPMENT NOIDA CITY CENTRE METRO STATION

Wave City CenterResidential 2000-3000 sq.ft @ Rs. 7800/sq.ft1500-2000 sq.ft @ Rs. 8000/sq.ftCommercial 2000-3000sq.ft @ Rs. 15500/sq.ft - Rs. 16500/sq.ft Office Spaces 745-1300 sq.ft@ Rs. 8000-8200/sq.ft

Noida Sector 34Residential 900-1200sq.ft @ Rs. 5500/sq.ft300 sq.m Independent House @ Rs. 160000-190000/sq.mCommercial 750-950 sq.ft @ Rs.45/sq.ft

Noida Sector 50,51 (and Sectors 36, 40)Residential 900-1200sq.ft @ Rs. 5500/sq.ft1200-200sq.ft (builders flats) @ Rs. 5300/sq.ft300 sq.m Independent House @ Rs. 180000-190000/sq.mCommercial 750-950 sq.ft @ Rs.45/sq.ft

NOIDA CITY CENTER METRO STATIONMORNA VILL.AGAPUR VILL.SECTOR-51SECTOR-50SECTOR-41SECTOR-32SECTOR-39SECTOR-33SECTOR-34SECTOR-35Noida Sector 32 is the commercial centre for Noida.Sector 39 is marked as an institutional area.The remaining sectors are low density residential.

Study of Impact of Metro on Real Estate NOIDA SECTOR 16 NOIDA CITY CENTRE METRO STATIONS

FACTORS TO BE STUDIED TO ANALYSE THE IMPACT OF METRO ON REAL ESTATE PRICES

LocationDistance from Metro station Neighborhood

ConnectivityPublic transportDistances to airport and railway station

InfrastructureRoad networksServicesPublic parks, greenery, recreational spacesSchools, colleges, market areas, hospitals

Building SpecificationsFinishes, size and layoutAmenities, parking, security

Pollution Noise Traffic Congestion

Benefits Reduction in Travel time Increase in Value- Tourism attractions , Heritage value etc.

REAL ESTATE DEVELOPMENTQuestionnaire

1. Approximate distance from Metro line..

2. Positive Impacts of Metro ( Rank on a scale of 1 to 5 , 1 being strongly disagree and 5 being strongly agree)

Helped reduction of pollutionPromoted Rapid GrowthImproved AccessibilityHelped in reduction of CongestionReduced Time of TravelImproved the quality of Life

3. Has Influenced Capital Costs of Properties in your area?

4. Negative Impacts of Metro ( Rank on a scale of 1 to 5 , 1 being strongly disagree and 5 being strongly agree)

Increased Noise PollutionIncreased Air PollutionIncreased or resulted in Population RiseTriggered encroachment around stationsAggravated Parking Problems

Responses for survey and analysis were categorized based on the distance from the metro station into two categories

Category A:Within 50 m of Metro Station and Metro LineCategory B:Within 1 km beyond category A

REAL ESTATE DEVELOPMENTQuestionnaire Analysis Outcomes

Total Responses: 33Category A:14 Mean: 1.29Category B:19Mean: 1.16Area Noida Sector 16

Factor: Congestion

Total Responses: 33Category A:14 Mean: 2.07Category B:19Mean: 2.05Questionnaire Analysis OutcomesArea Noida Sector 16 Factor: Discomfort

Total Responses: 33Category A:14 Mean: 1.93Category B:19Mean: 0.89Questionnaire Analysis OutcomesArea Noida Sector 16 Factor: Rapid Growth

Total Responses: 33Category A:14 Mean: 1.57Category B:19Mean: 2.00Questionnaire Analysis OutcomesArea Noida Sector 16 Factor: Add Tourism Value

Area Noida Sector 16 Questionnaire Analysis OutcomesStudy Inferences

Category A :Strongly Agreed that there was congestion, Rapid Growth and Discomfort due to Metro .Category B: Agreed that Metro Added Tourism Value

Total Responses: 33Category A:14 Category B:19Factor/ CategoryCategory ACategory BCongestion1.291.16Discomfort2.072.05Rapid Growth1.930.89Added Tourism Value1.572.00

Summary of Mean ValuesCategory A: Within 50 m of Metro Station and Metro LineCategory B:Within 1 km beyond Category A

REAL ESTATE DEVELOPMENTQuestionnaire Analysis Outcomes

Factor: CongestionArea Botanical GardenTotal Responses: 30Category A:12 Mean: 1.75Category B:18Mean: 1.00

Total Responses: 30Category A:12 Mean: 3.25Category B:18Mean: 4.00Questionnaire Analysis OutcomesArea Botanical GardenFactor: Discomfort

Total Responses: 30Category A:12 Mean: 1.50Category B:18Mean: 1.83Factor: Rapid Growth Questionnaire Analysis OutcomesArea Botanical Garden

Total Responses: 30Category A:12 Mean: 1.25Category B:18Mean: 1.67Questionnaire Analysis OutcomesArea Botanical GardenFactor: Add Tourism Value

Area Botanical GardenQuestionnaire Analysis OutcomesStudy Inferences

Category A :Strongly Agreed that there was congestion due to Metro , Neutral for discomfort.

Category B: Strongly Agreed that Metro Added Tourism Value

Total Responses: 30Category A:12 Category B:18Factor/ CategoryCategory ACategory BCongestion1.751.00Discomfort3.254.00Rapid Growth1.501.83Added Tourism Value1.251.67

Summary of Mean ValuesCategory A: Within 50 m of Metro Station and Metro LineCategory B:Within 1 km beyond Category A

REAL ESTATE DEVELOPMENTQuestionnaire Analysis Outcomes

Factor: CongestionArea Golf CourseTotal Responses: 34Category A:14 Mean: 1.79Category B:20Mean: 1.00

Total Responses: 34Category A:14 Mean: 3.29Category B:20Mean: 3.85Questionnaire Analysis OutcomesArea Golf CourseFactor: Discomfort

Total Responses: 34Category A:14 Mean: 1.50Category B:20Mean: 1.85Factor: Rapid Growth Questionnaire Analysis OutcomesArea Golf Course

Total Responses: 34Category A:14 Mean: 1.21Category B:20Mean: 1.70Factor: Add Tourism ValueQuestionnaire Analysis OutcomesArea Golf Course

Area Golf CourseQuestionnaire Analysis OutcomesStudy Inferences

Ca

Recommended

View more >