Noida Extension Achieving Maximal Growth With Huge Roi

The real estate boom likely in the city of the Delhi and the NCR region has never been noticed anywhere else

. The Delhi and the NCR region has been regarded as the leader in the real estate boom in India. In the last few years along with many outstanding developers, the region that incorporates with New Delhi like Gurgaon, Ghaziabad, Noida and Faridabad are thus experiencing an abundant growth. This region has been regarded as the commercial as well as the industrial hub where you find the prices of the property growing day by day. The Noida extension has been regarded as the dispute for the land acquisition where the authorities thereby allow the developers to acquire the land at a very low price from the farmers and is thus seen to change the planned use pattern from the industrial to the residential.

The construction work on the majority of the projects in this area are seen to be stalled. The average price for the residential property in the Noida Extension were observed in the range of Rs. 1800-2000/sq.ft. But now it is ranging with its average price of 2800-3200/sq.ft. Compared to the Noida, the Greater Noida continues to have unique selling point of location for the affordable housing.

In the last 5 years of investment in the infrastructure, the Noida Extension has seen to achieve a maximal growth rather than the other NCR regions. This has provided a huge returns on investment. The property of the Noida Extension covers certain sectors like Sectors 1, 2, 3 and 4 of Greater Noida and within the striking distance to sector 121 and 119 Noida Delhi/NCR. As compared to the other localities in the NCR region, this region proves to be a tough contender in terms of the pricing and location having the competitive prices in the commercial property rates. Following the clearance from the NCR planning board, with the sudden increase in the price of the flats in the Noida Extension has resulted the proposed housing projects to continue and thereby offering the accommodations to the middle class at a very affordable rates. It is seen that the price for the 2 BHK flat which was available at 18-20 lakh a year ago is now noticed to have been booked for Rs 20-22 lakh. With the approval of the revised Master Plan of 2021 of the Greater Noida according to the NCR Planning Board, the Noida Extension property has thus become costlier in anticipation of the resumption of construction. With its growing returns, this region seems to be a long term investment. Having excellent connectivity, it is considered to be the most favourable property destination among the builders and the buyers.

Yamuna Expressway is recognized to be a 165 km Expressway which runs from Noida to Agra and thus promise to cut down the travel time to almost the half. It is being expected that in the coming years it will soon be converted into the posh locations to reside in. Apart from being the highway that connects Noida to Agra bringing the Taj closer, it is also considered to be the path to prosperity for the thousands, because 5 new private townships is known to be creating along the Yamuna Expressway with 2500 acres of area each. It offers you the best residences in terms of 2/3 BHK apartments all available at the reasonable price and due to the better connectivity provides you the easy accessibility to live in. Krown plots, Holiday Village Villas, Jaypee Sports City, Supertech Golf Country, 3C Lotus City etc are some of the developers who are known to launch their prestigious projects in this area.

by: Jitendra Kumar

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