Delhi, for being the national capital of the country has always been a priority to live in. People prefer to invest in the property in Greater Noida or the Noida Extension. It is a thriving place in terms of infrastructure. The place and its vicinity area are witnessing a rapid growth of real estate projects. The article is going to discuss the characteristics of the properties in that region.
It is needless to say that Greater Noida is an excellent location. The area is close to Gautam Budh Nagar that is a district of Uttar Pradesh. The neighboring cities of Greater Noida are Gurgaon and Faridabad that are equally developed. Apart from that Noida Extension comes under the NCR region.
The reason behind the popularity of the properties is the seamless connectivity. The public transport is up to the mark. One can travel on the road and the metro as well.
The social amenities are one of the best things of Greater Noida. Besides, real estate, the entire region is going through rapid development. There are health care facilities, facilities for education, and also there are plenty of options for entertainment. The projects in Greater Noida also provide some essential amenities. So, one finds a park, community hall, etc. inside the compound.
When someone invests in real estate property, he/she checks out the neighborhood. In the case of Greater Noida, the neighborhood is safe to live with family.
The aim of the development was always to attract the people of medium income. This is the reason Noida Extension is a home for several IT professionals and other government employees. The price of the property is affordable, and with the EMI facility, people now can afford their dream home in the region. The current rate of 1,000 square feet area is between 3,500 rupees to 4000 rupees per square feet. There is an option for low priced apartments in Omega and PI sectors.
Return on Investment
When someone invests in a property, he/she always thinks about the return on investment. Greater Noida, being a fast-developing place the value of a property will not go down in future. According to a survey, in the past years, the property value of the region has increased up to 15%. So, several investors want to invest in the real estate properties based in Greater Noida. Due to the facilities as mentioned above, people choose the place for rent as well.
Promising Future Development in Greater Noida
Apart from the existing development, the future is going to see some promising developments. The ongoing development of the commercial belt is bringing an influx of people from different sectors. One of the proposed developments will connect Dwarka-Noida City Center to Pari Chowk, and that will increase the value of the realty market. The city authority is trying to bring more development to widen the roads, making the city greener. Within few years Greater Noida West will be fully developed with stunning real estate projects.
Therefore, here are the characteristics of the properties in Noida Extension. These characteristics are the reason behind the growing popularity of the city. It is also evident that the coming future the region will develop further. So, if you want to invest in real estate property, it is the right time. Before the price increases, you need to start looking for a project that meets your need.
You need to look for a reliable developer, reputed in the market. You need to research to know whether the developer maintains transparency in payment, and delivers the finished project on time.