Noida Appearing Luxury Destination

By Author: Kushal vir singh
Total Articles: 1
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Noida Extension has become a lucrative luxury destination within the past few years. A recent survey shows that the number of millionaires in the country is increasing day by day. In fact, it is observed that the number of ultra high net worth individuals rose by 16 per cent from 2012-13 to 2013-14.

Thus, in order to cater to their growing residential needs, Noida is seen as a solution to the limited availability of land in Delhi. Noida is gradually rising in stature and major developers are beginning to raise their stakes. This has led to the building up of residential properties in the super luxury segment priced at over Rs 10 crore. People in National Capital Region with low to medium budget found Noida, Noida Extension and Noida Expressway lucrative for investment purpose. This is due to its affordability and presence of decent infrastructure over the last few years.

However, this trend is changing now and people are not contented with anything moderate if they have enough purchasing prowess. They seek for a luxurious living with the best modern facilities like swimming pool, gymnasium, terrace gardens, recreation ...
... area, play area and so on. Marvelous infrastructure is displayed in super luxury projects in Noida Extension. According to the developers, building houses for the rich in Noida, there is a growing demand for such projects as the demography of people looking to stay in Noida is changing. Earlier people were apprehensive to shift to Noida as it was not fully developed, but now this has changed, leading to a change in the perception of Noida in peoples' minds.

In fact, people see Noida as a true extension of Delhi. Corporate houses are set up, thereby leading to a growth in the commercial sector. As the number of industries and offices grow the residential demand rises. There is a shift in the population mix in Noida and apparently, people with high income levels are also considering this booming location. They become the buyers or investors of the luxury or ultra-luxury residential projects in this city and nearby areas such as Noida Extension. Undoubtedly, the best luxury projects in Noida Extension serve their purpose.

Noida Extension offers a bunch of luxury residential projects. Noida is also regarded as the industrial hub of India and it has recently seen rapid development in both commercial and residential spaces. With the setting up of these corporate houses, MNCs, IT companies and industries, people prefer to buy a residential accommodation within the vicinity of Noida. Therefore, Noida Extension is among the most sought after destination for the real estate market.  High end projects in Noida Extension have become a lucrative deal for high ticket investors.

Gone are the days when Noida and its nearby areas such as Noida Extension were looked upon for buying only affordable housing projects. Luxury and ultra-luxury projects are growing at a rapid pace. Though, the demand for such luxury projects is relatively new, developers predict that growth here is more sustainable due to better physical infrastructure. Therefore, it has become an ideal destination with huge appreciation potential in the realty market in the upcoming years.