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Buyers Looking For Affordable Home Should Consider Investing In Properties In Noida
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The biggest benefit of living in properties in Noida is the excellent connectivity with NCR. The city is well connected with other satellite cities of Delhi. Noida also offers excellent infrastructure facilities and as a result, the Noida properties have become the focus of investment for many people. The city offers several exit points to Delhi and the upcoming Faridabad-Noida-Ghaziabad (FNG) corridor will make traveling to Ghaziabad and Faridabad seamless. The presence of Delhi Metro has also proved to be a boon for the residential sector of the city. There have been talks of extension of the existing Delhi Metro line from Noida City Centre metro station to reach Greater Noida. This too has given an impetus to properties in the vicinity and as a result, the demand of property in Noida sector 78 has increased tremendously post this proposal, as the extension line will pass through this sector.
Many people look to buy properties in Noida due to its affordability factor. A property in Noida sector 78 can be easily bought in the range of Rs. 4000 per square feet to Rs. 5,000 per square feet. People who are looking for even more affordable Noida properties options can look to buy a real estate asset in a newly developed area. Many esteemed developers are offering excellent townships in the city. People who have deep pockets can look to invest in huge apartments and villas where buyers looking for affordable properties in Noida can look to purchase smaller apartments. People who do not wish to buy regular apartments can look to invest in builder floor apartments that are available in sectors 70, 72, 73 as well as 75. Most of these upcoming Noida properties are available at hugely affordable prices as builders are willing giving discounts.
People who are not interested to buy a ready-to-move-in property in Noida sector 78 and they would like to build a property or an independent house of their own can look to buy residential plots in sectors 70 and 72. These plots are available in the range of Rs 55,000-80,000 per sq ft, depending on the location and facilities. The city of Noida offers various options in the residential and commercial sector that caters to the needs of all types of investors and end-users. However, the only setback faced by property in Noida sector 78 is that very few projects have good occupancy levels. This problem is also faced by various other properties in Noida and this makes investors apprehensive to invest in the region. Moreover, Noida properties are entangled in several legal litigations. Most of the builders while selling their property often hide this fact from the customers but this in turn creates bad word of mouth publicity and hinders the chance of other people to make an investment in the region. Many people who had bought property in Noida sector 78 were unaware of the fact that their projects had not been given completion certificates due to an order by the National Green Tribunal (NGT). However, in March 2016 the situation changed but till then there was an inventory overhang of property in Noida sector 78. Till the time the old inventory of properties in Noida is cleared, it is unlikely that the real estate will see a price appreciation.
However, for all the end-users who are looking to buy an affordable home in NCR, it must seriously consider buying Noida properties in populated areas. The city is witnessing huge infrastructure improvements and it is also a major employment hub. The prices of properties in Noida have till now not shown much capital appreciation as there is an oversupply in the market. Once the absorption level has increased and the inventory overhand reduces, the city will witness a good price appreciation. Also with completion of Metro line, extension and expressway traveling to and from the city will become relatively easy and this will attract more end-users to buy Noida properties. Residents of property in Noida sector 78 will especially enjoy the benefits of completion of Metro extension line as metro will directly service this locality. Buyers who have deep pockets can choose to invest in ready to move in properties in Noida others can invest in upcoming projects after thoroughly checking the builders' background.
Makaan.com, is a reputed real estate website that connects buyers and sellers of Noida properties by bringing them on a common platform.
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