Rising Residential Projects in Greater Noida

The sudden rise of Greater Noida as a hot property destination is because of the Yamuna Expressway. The city is providing affordable houses to middle class buyers who have average budget which is leading to the investors favoring the city in its development. It is developing at a fast-pace with the connectivity being the main contributor. An extension has been proposed of DMRC’s Blue Line (Dwarka to Noida City Centre) to Pari Chowk which will be the direct access to and from Delhi to Greater Noida. The project’s deadline is 2021. Furthermore, the city will also see the installation of a power plant which will solve the problem of power crisis.

Anyone looking to buy a property in Greater Noida can get a luxurious apartment at the rate of INR 1,800-4,000 per sq. ft. The good infrastructure, great road networks, and super-fast metro connectivity are also drawing the attention of several people. All in all, the city is undergoing an amazing facelift which will set the ball rolling for it.

Other Facts about the Developing City – Greater Noida

• After making the down-payment, the EMIs are as low as INR 12,000 per month. This implies that someone with an annual income of INR 3 lakh can easily afford a house in Greater Noida.
• NRIs are taking a special interest in buying properties in the city. It is also expected that Foreign Direct Investment worth INR 30,000 crores will be made in the coming years.
• The city has more number of investors in comparison to the original occupants of the property.

Several big names of the real estate industry are locking horns together.  This would be the most opportune time to take advantage and a book an apartment in any of the residential projects in Greater Noida.  However, one will have to keep in mind the following points.

1. If one is lucky enough, they can actually buy a plot for the price of a house near the Yamuna Expressway. But, one will have to wait before the price of the property sees a rise because of the overabundance of cheap plots in Greater Noida.
2. There are several builders who are having a number of residential projects in Noida. One should not get trapped by the cheap prices as they might not get the possession soon. In short, go for a well-renowned builder and select a new builder only if they have accomplished their earlier projects, on-time.
3. When buying an apartment, one should always keep their eye on the project specification and ensure that even though the project is small, it is at least between 25-50 acres. Also make sure that the project is adjoined by big common areas.