Crossings Republik Overview
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If you are looking for a ready-to-move-in property near Noida, Crossings Republik is the right place. Crossings Republik is attracting a lot of buyers for 2BHK and 3BHK multistorey apartments. According to brokers, demand for 3BHK apartments has ri...sen by approximately 9% in the July-September 2012 quarter. Proximity to Noida is a strong point of attraction for buyers seeking out Crossings Republik. The working class of Noida is showing a keen interest in the properties available here, as the area is only 6 km from the Noida City Centre Metro Station.
Noida, being a commercial hub, has properties available at much higher prices in surrounding areas such as Noida Extension and Greater Noida, where rates cross Rs. 4000 per square foot. Crossings Republik provides a better deal, offering larger areas at lower rates. The current rates for 3BHK apartments in Crossings Republik approximate Rs. 2800-3300 per square foot whereas, if we take a look at the prevailing rates for multi-storey apartments overall in the area, they have taken an 11 percent hike to Rs. 2882 to Rs. 2944 per square foot. You can expect investment in this area to see returns of between 5 to 10% approximately.
Average apartment prices in this locality range from Rs. 2500/- to 5000/- per sq. ft. Average land prices are Rs. 20000 per sq. ft. Major builders in this area include Mahagun Group, Supertech, Balaji Group, Assotech, Gaursons India, Skytech Group, Gardenia Group, Paramount Group of Companies and Panchsheel Buildtech, etc. The growth rate in this area is 5%.
The circle rate in the area is Rs. 30000 per sq. metre, Stamp Duty is 7% and Registration Fees are calculated at 2% of the total value of Sale Deed.
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