Greater Noida is one of the popular townships of Delhi NCR areas. In the last few years, the real estate market has witnessed a boom due to the best location and more facilities. Here, the properties solutions are bought equally for the self-use and investment objectives. The nearness of Greater Noida to Noida and the presence of the commercial and IT hub is additionally a benefit for the development. People doing jobs in Noida find Greater Noida as a good means of accommodation. They can easily rent well-furnished flats or apartments in Greater Noida to cut down the distance of commuting.
Here, we will discuss more points why property in Greater Noida is becoming the first choice of the residents:
- The growth of property in Gr. Noida came due to different reasons. Since the rates are turning cost-effective, people begin to look for different areas located near Delhi that could give easy residents at lower rates.
- Moreover, the commercial sector in Noida starts to develop at a unique speed with many firms settling down over there. These reasons straight away result in the development of Greater Noida as the next best for both commercial and residential purposes.
- The increasing command for housing has been rightly captured by the property and builders' developers. The city is quickly observed as special townships, more commercial standpoint as well as special infrastructure development. Moreover, there are different entertainments and tourism projects are developing inside the city.
- Greater Noida is working as one of the biggest education and industrial hubs in India. The pace of beyond developments works as a catalyst in prosperous the property market.
- The perfect planned location, as well as greenery inside the city, is attracting more and more people to lay foundations of their industries and homes. The property demand in Greater Noida has reached the peak that supply seems scarce, ends at rents and price of the property.
- Moreover, the authorities play a significant role in maintaining the greenery and don’t permit the industries that are polluting the areas. With the high cost, different good quality establishments for the residential segment are surfacing in the capital.
- The great value is given a boost ahead by getting better the infrastructure in the form of broader roads, a refined system of drainage, and great underground cabling. The presence of world-class shopping destinations is ultimately attracting more investors inside the city.
One of the finest specializations in Gr. Noida is improving connectivity to some of the key cities such as Noida and Delhi among others. A global airport is coming up in Greater Noida that will assist in elevating its worldwide appeal. Moreover, after Noida, Greater Noida will also be associated with Delhi's Metro Railway.
Adjoining with The Taj Expressway; giving entrée to the Taj Economic Zone, the International Airport, and the Aviation hub being developed along the superhighway. To make awareness of the environment and to support tourism inside the city, the setting up of a Night Safari is also planned.
Price of the Property
The cost of the property in Greater Noida has been significantly increased after winning the attention of the investors and buyers. In Greater Noida, the rates of the property are in the middle of the Rs 2,400-2,800 per sq ft while land rates start in the middle of Rs 16,000 - 22,000 per sq m. The best and well-settled areas of Greater Noida comprise Beta, Gamma, Alpha, and Delta with somewhat higher cost.
Before investing in any kind of the property, you should first discuss with experts.