The property market of the Noida extension offers a lot of opportunities especially in the affordable housing segment. The following post explores the real property market of Noida Extension. Read on to know more.
Situated in the Gautam Buddh Nagar district of Uttar Pradesh, Noida is an area in northern India that falls under the administration of the New Okhla Industrial Development Authority (NOIDA). Spanning an area of 203 sq. kilometers, Noida has emerged as a major real estate hub. Greater Noida, another neighboring industrial township is coming up in a big way. Of late, these areas have undergone several changes, especially in the real estate sector.
Some major landmarks concerning to the real estate sector in Noida are Noida Film City located in sector 16, Noida Golf Course and that of Greater Noida is Buddh International Circuit, Yamuna Expressway and a few others.
Exploring the Property Market of Noida Extension
Of late, the region of Noida extension has turned out to be one of the leading realty investment areas. Several builders and developers are shifting focus to this region. The biggest driving factor for the region happens to be the affordable tag. The property prices of the region still fall under the affordable category, which makes the region a favourable destination for real estate investment. Moreover, with the new government forming the real estate market is full of hopes. Needless to say that a multitude of developers are focusing on Noida extension; numerous residential properties have been launched in the region and most of these projects have recorded a huge appreciation in capital values. Experts are of the opinion that, in the forthcoming years, the region is going to experience a boom in its property prices and returns on investments are bound to be great. Some of the places to look for investments are,
Bhangel, Noida Extension, Noida-Greater Noida Expressway, Block B Sector-44 Noida, Block B Sector-50 Noida, Block D Sector-50 Noida, Block E Sector-50 Noida and other sectors of Noida. This wide range of availability of projects is now helping the buyers to pick the right project among them. The real estate project owners are also mentioning their rates in these location based projects in sq. ft format. It helps the buyer to get an overview of the project before buying them.
Some of the reasons why you should invest in Noida Extension are explained below:
Affordable prices: Affordability is one of the main reasons for investing in the property of Noida Extension. This area is offering loads of options to both buyers and investors alike. Residential apartments are more in demand; especially 2BHK flats in Noida are some of the properties that are much in demand in this particular area. If you are looking forward to buying a property in Noida extension, Gaur City at Noida extension is one of the best bets.
Built by one of the well-known developers of northern India, Gaur City offers 2BHK/3BHK apartments that are exquisitely designed. The developers Gaursons India has taken up all the measures that are required to complete a sprawling new residential project. Overlooking green pastures, the project offers the very best in terms of amenities. Gaur City by Gaursons also offers an array of amenities that aims at making life much easy.
Excellent Connectivity: Since the overall region of Noida is undergoing a rapid infrastructural development, Noida extension happens to be connected very well with the overall NCR. Whether it is Ghaziabad, Greater Noida, main areas of Noida or even Delhi, all these regions can be easily accessed from Noida extension via flyover, roadways or even the metro railways.
While it comes to connectivity, the proposed metro construction must be mentioned. The proposed metro connectivity is one of the best ways that would connect Noida extension to the rest of the NCR.
Sound Social Infrastructure and Returns on Investments: As Noida extension experiences a boom in infrastructure, the region already boasts of sound social infrastructure comprising schools, colleges and hospitals. Moreover, with the passage of time, the capital values of the region have begun to witness a great fillip and yield good returns on investments.
While closeness to Delhi and smooth connectivity to the capital through metro and roadways is one of the major causes for an expansion in the property market, other reasons have also contributed for the development of the same. Growth of industries and foraying of the IT industry is another reason that has led to the appreciation of capital values in Noida. So, if you are planning to invest in Noida/Noida Extension now is the best time.