Greater Noida West, popularly known as Noida Extension, is a popular hub of affordable housing segment of the real estate market of the Delhi-NCR. Technically considers as a part of Greater Noida, the area is fast developing and if sources to rely, property prices are appreciating at the rate of 10% year-on-year basis. It is Asia’s first city where development of infrastructure takes place after meticulous planning of 30 years. Let’s take a look at those factors which make Greater Noida West a favorite destination for buying homes by prospective homebuyers.
Why to Invest in Residential Property in Greater Noida West
Sound Infrastructure – The area is blessed with sound basic infrastructure facilities like electricity, well-connected road network and 24*7 availability of water. The area comes under green belt and offers healthy and peaceful life to residents. Spread over 8500 acres of land, Greater Noida West is 5 KMS away from sector-121, Noida. Well-planned road network interconnects it with sectors like 1, 2, 3, 4, Knowledge Park, Techzone, etc. the area enjoys wide 130 meter road and even service lane is as wide as 24 meters. Many IT office plots and parks are housing reputed IT companies like IBM, etc.
NH-24, Noida-Greater Noida Expressway, Ghaziabad and DND Flyway are easily accessible from this location. Moreover, with metro lines like Magenta and Aqua, it becomes easier to reach any landmark of Delhi and Greater Noida. Social and civic amenities like schools (DPS, Gaurs International School, Sarvottam public school), hospitals (Tripathi hospital, Flexsin, etc.), shopping complexes, malls (under construction Gaur City Mall) are present within the radius of 5-10KMS.
Affordable Property Prices – Despite ongoing land row by farmers over compensation prices, the present property prices lie between 3000-3500 per sq ft with appreciation of 10% year-on-year basis. The price depends upon factors like builder’s reputation, location, amenities, etc. As compared to property prices of Delhi-NCR region, interested homebuyers can easily buy 2 BHK in the price segment of 30-40 Lakhs. Even premium housing projects are easily available in the price band of 60 lakhs onwards. Owing to reasonable property prices, the housing demand of Noida Extension remains quite high all the year round.
Plethora of Residential Options – Greater Noida West is one such area where ready-to-move-in inventory is available in bulk. Even under construction projects are available in the plenty. Moreover, top builders like Supertech, Gaurs, Ajnara, Mahagun, Nirala, etc., are offering both affordable and premium housing projects both for investors and end users by launching attractive offers.
So, it is not wrong to say that savvy investor and prospective homebuyers will definitely become spoilt for choice if they are looking for residential property in Greater Noida West. 2 BHK, 3BHK and 4 BHK apartments well-fitted with modern amenities are easy to buy within the desired budget.