Property in Noida A Lucrative Investment

Noida, also known as New Okhla Industrial Development Authority, has developed momentously in the past years. With IT investments for development of various facilities in Noida, the city has seen significant growth in population. The growing demand has created an enviable price appreciation for both residential as well as commercial properties. This is one of the main reasons for the recent commercial growth of the city.

Noida residential property has enjoyed a boundless development surge. Due to constant price appreciation of residential properties in Noida, real estate investment has recently become very profitable, thus creating a greater demand for residential development in the city. Even non-residential Indians (NRIs) are now investing in luxury apartments and high-end homes in Noida, because property in Noida is comparatively low priced than those in the metro cities and therefore people see this as a lucrative investment opportunity.

The metro cities are increasingly becoming more crowded and expensive over the years due to which many businesses and IT projects are now moving to the NCR because of the affordable prices. Then there is also the strategic location of Noida that makes it a good choice for investing in a residential property. It is well connected to almost every part of the NCR via road and the Metro rail. Considered as one of the highly planned cities, it offers comfort travelling with its wide roads and ideal traffic management system. The DND Flyway in Noida is also one of the best built road networks, directly connecting Delhi with Noida, thus taking you to your destination within minutes.

The Housing Budget of 2013-14 states that buyers who have taken housing loans to purchase residential properties will be allowed a further tax deduction if the value of the loan is more than 25 lakhs, thus encouraging buyers to consider investing in plots and permanent residential properties. Furthermore, all upcoming and new residential projects in Noida have been designed keeping in mind the common man's requirements and hence feature additional luxuries; all at a competitive price.

Noida property market has recently witnessed path-breaking real estate developments. Being a chief industrial hub and prominent BPO destination, the residential projects in Noida are ever escalating. Due to its growing popularity amongst the working class, various luxury properties in Noida are planned with wide landscaped greens, water bodies. Even 2-4 bedroom apartments are well equipped with all modern facilities to match the current demands of buyers.

There are various Noida property fairs being organized frequently in order to promote further growth and property trade. These property fairs also act as a common platform for insurance companies, housing financiers, and the common people who are in search of their dream property and are targeted at retail business and professional customers as well. These fairs can help you make an informed choice before you invest in any properties in Noida.

Gone are the days when people would invest in stock markets and mutual bonds. Today, people are more aware of the importance of investing in residential and commercial properties and hence are drifting towards real estate investments, proved to be lucrative and a practical decision. Noida has properties for all your requirements, whether you are looking for a dream home, a dream location or even a dream project for your business.