Greater Noida West or Greno West, earlier known as Noida Extension, is fast gaining popularity as an affordable housing hub of the Delhi-NCR real estate market. With the pace of social and civic development taking place in this area, property prices have started appreciating at the rate of 10% year-on-year basis. Even the experts believe that the future of this area is bright as the basic infrastructure facilities like electricity, roads, water supply, etc., are well-developed. Spread over 8980 acres of land, it is referred to as the green belt area and thus promising healthy and peaceful life for the residents. No wonder, residential properties in Greater Noida West are surging like never before.
Let’s take a look at other factors which make properties in Greater Noida West as the preferred choice for prospective homebuyers.
Investors, as well as end buyers who cannot afford to purchase 2 BHK flats in Delhi or Gurugram real estate market, are enquiring about 3 BHK flats for sale available in Greater Noida. It is because the current property rates are between Rs. 3000 per sq.ft to Rs 3600 per sq.ft. for affordable housing projects. Even the luxurious properties are easy to purchase within the price band of Rs. 80 lakh to 1 crore. Furthermore, the prices are increasing at a fast pace thus investment done today will definitely gain appreciation in the coming 3 to 4 years.
Greater Noida West is just 4-5 km away from one of the posh locations of Noida, sector-121. The sector-121 road passes over Hindon River and connected with sectors like 16B, 16 C, 10, 12, Knowledge Park 5, Techzone IV, etc. The different areas of Greater Noida West seamlessly connect with Noida-Greater Noida Expressway, FNG Corridor, NH-24 and DND Flyway. Hence, residents can reach their desired destination in Faridabad, Ghaziabad, and Delhi in a congestion-free manner.
Metro connectivity further boosts the demand of realty sector of Greater Noida. Sector-52 metro station is easy to reach within the time span of just 15-20 minutes. Moreover, the proposed metro line to Greater Noida West will surge the housing demand in the area.
The area houses well-known education centers of higher education. Sharda University, Gautam Buddha University, Amity University, Shiv Nadar University, etc., are few prominent academic institutions offering quality education to worldwide students. Likewise, there is no dearth of management and IT training centers in Greno West. Reputed healthcare centers, shopping complexes, financial institutions, etc., are also in proximity to residential societies.
Owing to all these factors, the real estate market of Greater Noida is witnessing an upward trend despite the presence of huge unsold inventory. Buyers are free to park their money either in under-construction projects or in ready-to-move-in projects in Greater Noida West. Some of the developers coming up with their projects in the region are Ace Developers, ABA Corp, Gaurs Group to name a few.
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