Noida – a preferred location to buy property

With an oversupply of properties, Noida has been the buyers market that impacted property values. Years ago, homebuyers were not willing to invest in Noida in concerns about connectivity. The developed infrastructure and improved connectivity, in the sectors of Noida, have emerged as one of the prominent locations to invest.

The Increasing numbers of MNCs, office complexes, and commercials zones in Noida has enhanced the area’s appeal for property buyers. Development of infrastructure and other facilities has increased the demand here.

Here are some key locations to invest in Noida to get healthy returns

1. Noida-Greater Noida Expressway: This expressway is more than a link road that is between Noida, Delhi and Greater Noida. It’s a coveted investment hotspot dotted with commercial spaces and corporate offices which drive demand for this corridor. The six-lane highway offers posh houses and hotels for transit accommodation and several small, medium and large industrial units, schools, hospitals as well as several shopping malls. The prices are slightly on the higher side with an average capital value at Rs 4,400 per sqft. Over 60 under construction projects and over 80 properties are ready for possession.  

2. Greater Noida West: Greater Noida West also known as Noida Extension is a location that offers affordable homes and attracts many families from the middle income age groups. An upcoming Metro Network, which will enter deeper into the residential and commercial zones would be an added advantage that would connect Faridabad-Noida- Ghaziabad expressway. This would provide convenience for those residing at Noida Extension. 

3. Sector 74-78: This sector is one of the fastest developing locations in the city. With the construction of the metro link from Noida to Greater Noida, these sectors are expected to benefit from the improved connectivity to other areas of Delhi. Metro line would consist of a station in sector 78. The nearby locations include Noida City, Noida Special Economic Zone(NSEZ) and commercial centers. These advantages raised the housing prices in these sectors. Leading developers such as Amrapali, Supertech, and Mahagun have active projects in the area. 

4. Sector 150: It is one of the greenest areas in Delhi, and developed over 600 acres of land. With 80 percent green cover the sector has huge open spaces and one of the largest 42 acre park in the country. Developers such as ATS, Lotus Greens are planning to launch their projects here. Godrej properties also has plans to use 36 acre of land for their project. Sector 150 is expected to become a hub in the near future. 

5. Sector 76, 77, 78: Located close to the city center of Noida these areas have several new projects to offer. The old sectors of Noida lack amenities whereas these sectors have ample green spread along with multiple amenities like gym, parking facilities within the compound. These sectors are few areas where apartment sectors gained popularity. 

The new upcoming prime location is adjoining to Noida Extension, or Greater Noida West is one of the fastest developing cities in Delhi NCR offering will all the basic amenities and other luxuries. 

Adding to this, other localities like Okhla, is slowly developing into residential hub and most of the buyers are exploring these areas for healthy investment.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Propertypistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.