The real estate markets of Noida
and Greater Noida have witnessed many ups and downs in the last few years but,
somehow, both the markets have thrived successfully. Ask a property consultant
and they will tell you how ideal the cities are for real estate investments. Real
estate consultants are constantly observing the market and have
ultimately derived that Greater Noida is an ideal option for investors in many
different ways.
Proximity to Delhi and Noida,
availability of top-notch facilities and amenities, proposed economic drivers,
wide roads and proximity to Expressways and a focal point of all business
activities, together these factors confirm the suitability of the city as an
ideal investment option but - all you need is patience.
Currently, the twin cities are
witnessing well-planned infrastructure developments which, once completed, will
give a huge boost to the real estate sector of Noida Although Noida is
excellently connected to important regions of NCR, still needs some more
planning in terms of connectivity, especially metro connectivity, to make it
easily accessible from other territories.
Real estate consultants are quite
hopeful regarding the future potential of the city. The property prices in
Greater Noida are currently much affordable compared to those in Gurgaon and
Faridabad. However, once the metro link projects are over, the properties in
the city will immediately witness capital appreciation thus giving you a good
return on your present day investment.
There were many reasons behind
the slow growth of the real estate sector of Greater Noida. Imbalance in the
demand and supply ratio, increased land prices, lack of favorable policies from
the government and cancellation of the Jewar Airport, etc. were some of the
reasons that hit the speed of developments in Greater Noida.
However, after the formation of
the new government and the outputs of Budget 2014-15, the real estate sector of
the entire country has regained its sentiments. The government has facilitated
easy availability of affordable properties so that even the mid-income group
can also fulfill their dream of owning a house. Further, the reduced interest
rates on home loans have also given a new breeze of sentiments to developers
and investors both.
Compared to Noida and Ghaziabad,
the residential property options in Greater Noida are still much less but due
to its high-potential, investors are still looking for a suitable property in
the city. Gauging the scenario, many renowned developers have recently launched
some of the finest residential options in Greater Noida, most of them close to
the Yamuna Expressway thus ensuring excellent connectivity.
Basically, you can leverage the
benefits if you aim for a long term investment. Greater Noida has huge
potential. It has all those facilities and amenities that you expect to see in
a modern city and with the upcoming luxurious and well-planned properties; the
city is soon going to emerge as one of the best real estate destination in
India.
To make sure that you choose the
best property that perfectly suits your family's requirements and style, it is
advisable that you take the help of a good real estate consultant.
4 comments
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