Noida- Investors’ paradise

Noida is a fast developing realty hotspot in India and is popular for its residential units that are in demand for many reasons why buyers flock the area to fetch a property.

The National Consumer Disputes Redressal Commission (NCDRC), in its order dated May 2, has also focused the Noida-based builder to hand over the ownership of apartments to buyers by July 21 weakening which it will have to pay a penalty of Rs 5,000 per flat each day till the project is completed. The instruction held that manufacturers cannot charge buyers on an increase in wonderful space of an apartment after construction unless they have a previous agreement with the customer.

Properties that are affordable

Well, availability of affordable properties seems to attract buyers in Noida, eventually pushing the area in the preference grade. Noida is located in Gautam Buddh Nagar district of Uttar Pradesh state.

Better Connectivity

The two bridges, which have already received a permission from NCR Planning Board are probable to come at a cost of about Rs 1200 crore. While one of the bridges will join Faridabad-Noida-Ghaziabad (FNG) superhighway from Noida’s sector 150 with Haryana in Faridabad.

Once in place, the bridges will show to provide a major relief to thousands of customers who will be able to reach Haryana from Noida, Greater Noida, and Ghaziabad without journey Delhi and without getting stuck in back-ups along the double route.

Nizamuddin Railway station is very nearest from Noida city. Other transport modes easily available are buses and auto rickshaws. The Metro railway line also serves the area. Important roads include the Udyog Marg, Dadri-Surajpur-Chalera (DSC) Road and Pushta Road.

Noida is connected to Delhi via the Delhi-Noida metro route – Blue Line is yet another reason why buyers choose this area. Indira Gandhi International Airport is nearly from Noida city 32 km away.

Property buyers’ profile

Presently, Noida witnesses demand from the locals as well as from the outstation people. As the area is pretty close to the IT hubs, buyers are mostly families of those that work in the IT firms.

What is available now?

At present, the area is seeing a maximum of 2 BHK and 3 BHK apartments while 1 BHK units are also provided. If you are choosing projects in Noida then don’t waste time and do it now. It is a great time to invest in Noida real estate.

Noida project is the best choice for buyers who do not want to wait for 3 to 4 years to get ownership of their property. To confirm that you are not duped of your hard earned money, it is advisable to do a thorough research about the property.

Noida – Packed With Good Amount Of New Projects

Noida real estate sector is in a boom as the reality landscape is dominated by a perfect mix of well-established residential properties and commercial avenues. This almost perfect destination has a lot more to offer in terms of residential spaces – ranging from 3 BHK apartments to premium and luxurious dwellings and independent villas.

The wide range of residential options available has attracted several homebuyers who are willing to invest in the city’s real estate market. The influx of investments have led to the growth of the residential market of the city in entirety i.e. multiple areas within the city have witnessed developments and are catering to the surge in demand for residential units. The southern quadrant of Noida has developed to emerge as a viable destination mainly for the mid-income segment of the city thereby, encouraging both the small and medium sized developers to come up moderately priced residential projects.

Image Courtesy: Net

Noida is one such locality; the area has become a prime residential hub and is witnessing a tremendous amount of new constructions. Tucked away in the southern quadrant of the city, the suburb was developed by serious efforts of the state government.  The civic bodies of the suburb have taken necessary steps to transform this area and make it a preferable residential locality by investing in the construction of residential units, mainly commercial units. Whereas, infrastructural developments include construction and enhancement of roads, highways, flyways, bus terminals, educational institutions, entertainment zones, health care centers, financial zones, large landscapes and other essential civic utilities.

These ongoing improvements in addition to a rapid rate of new construction have helped to place Noida on the map for both the homebuyers and developers alike. As a result, many potential buyers have migrated from different residential societies on the basis of the benefits that come with living in this area. So if you are a potential buyer, then you should make the most of the opportunity and seal the deal of a new projects in Noida with the selected developers.