Property in Noida emerges as a silver lining

Real estate market in India has started showing positive signs of recovery after being stagnant for last few years. A lot of enthusiasm and positive sentiments can be seen amongst the buyers.   While much progress cannot be seen in Delhi for the past few years due to the land pooling policy and other legal issues, sky rocketing prices of real estate in Gurgaon appear to be a tough bet for the buyers.  property in Noida comes as a wave of fresh breadth for the buyers.  However, the city witnessed a slowdown in new launches in the first quarter of 2013 but, unlike Gurgaon, the demand remained steady. Noida is considered to be one of most affordable city among tier I cities. This has added to the attractiveness of the city as a real estate destination.

Captured below are the top 5 reasons of buying Noida property.

Good Infrastructure: The city has the potential to become the next-big-thing in the world of real estate owing to its excellent infrastructure. Availability of land for construction gives the city an edge above other metropolitans like Delhi and Mumbai, the cities where conceptualizing horizontal construction has become only a distant dream. Noida's real estate seems to have much brighter prospects due to the scope it has for new constructions. The burgeoning industrialization with presence of several blue chip companies and multinational corporations and a slew of development plans up-vote the city.

Existence of Big Players: Some of the Grade A developers are eyeing Noida for their new launches. Property in Noida is witnessing a spate of promising residential projects that are crafted with finest details. The projects offer state of the art infrastructure backed with ultra-modern amenities to cater the high class lifestyle of the prospective buyers. Some of the renowned developers have already floated prestigious projects in Noida and Greater Noida.

Quick Disposal of Forgery Cases: As per new laws, all the cases related to land and property forgery shall now be under the jurisdiction of the Stamps Department. Earlier, these were under court's jurisdiction and the matters would take years to settle down. But now, the complainants can expect faster disposal of cases. This had brought the transparency into the processes and has strengthened the trust of both the parties, the buyers and the builders.

Better connectivity: Noida is going to get much-needed connectivity to nearby cities, in the months to come. While it is already connected to the capital city Delhi, via metro, the plan to extend the same to Greater Noida has also broken on ground. Once that gets functional, the commutation between Noida and Greater Noida would become far too easier. It will not only save time of commuters but also cut down the traffic woes.

Relatively Affordable Market: At the time when property rates in Delhi, Gurgaon and Mumbai are touching the sky, the prices are relatively lesser in Noida. Though the prices here have undergone appreciation in the first quarter of 2016, they are still lower than their competitive markets. The falling value of rupee against dollar has made several developers come up with discount schemes. Cashback offers and attractive payment plans are other perks.

When compared to property in india and other cities like Mumbai and Delhi, Noida seems to emerge as a silver lining due to its affordable prices and excellent infrastructure, robust connectivity and vibrant lifestyle.

Spate of New Projects in Greater Noida West

Noida has seen a great demand in the last decade because of many factors. Number of Grade A builders and developers are eyeing property in Noida and planning to execute their projects. Development of social and physical infrastructure and rapid urbanization has led to the expansion of the cities like Noida Extension and Noida. These areas are clean and green cities and are home to numerous IT Parks and Multi-National Companies.

Prices of Property in Noida as well as Noida Extension are reasonable and are worth buying in the latest market scenario. Both the places are the leading property regions in National Capital Region.

Most of the residential and commercial projects in Noida and Noida Extension have seen some good price growth. The investors have got huge returns; they have focused on the stability and security that lies underneath their investments. The cities are said to be the best areas to see the largest number of new launches.

A good number of new projects in Greater Noida West with an array of top notch amenities and state of the art infrastructure is attracting many investors. The cities offer affordable projects and also cater to all the price segments. The city has excellent utilities like power and water supply, sewage lines and proper infrastructure. The area is attracting numerous investors and end-users. It also enjoys proximity from cities like Ghaziabad, Delhi, etc.

The metro station like the Noida City Center is in vicinity to the upcoming projects. Sectors 18, 32 and 62 are minutes’ drive from there. Two more Metro stations are planned in Noida Extension. Through Sector 71, the city metro station will be extended up to Eco Village, which will be an ideal connectivity for the residents.

Along with great accessibility to the shopping malls, the city has well-fabricated physical and social infrastructure. Also, the Faridabad Gurgaon expressway and its connectivity to Noida has made it easier to commute to these cities. The buyers who were unable to buy their homes or office spaces in Noida can now opt for Noida Extension. This has also boosted the launch of many Residential property in Greater Noida West. The projects in the city are offering healthy and peaceful lifestyle; the city has excellent basic infrastructure like roads, electricity and water along with a lush green belt around.

Noida provides luxury/premium mid-income projects to the investors and end-users. The city also enjoys metro connectivity to Gurgaon and Delhi. Along with this, it enjoys road connectivity to Delhi, Gurgaon and Ghaziabad.

The city has good connectivity and accessibility to reputed hospitals, premium universities, key commercial centers and posh hotels. Some of the affluent localities of Noida includes Sector-18 market, Noida City Center, Sector 2 and Botanical Garden to name a few.

If we talk about the future developments, Noida has enhanced its importance and improvement in the market scenario. The city seems to have bright prospects in future with Greater Noida and Greater Noida west emerging as the two hot realty investment destinations.