subject: Marginal Escalation In The Rise For The Properties In Noida Extension [print this page] The region for the Noida extension considered the dispute for the land acquisition, where the authorities 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. Since the acquisition row, the construction work on a majority of the projects in this area are seen to be stalled. Higher prices resulted and were seen to get accepted, as they were still anticipated to be on a comparatively lower side.
Before the controversy flutter its head, the average price for the residential property in Noida Extension were in the range of Rs. 1800-2000/sq.ft. But currently they range at an average of 2800-3200/sq.ft. The realty market at Noida Extension has actually emerged untouched out of the whole controversy. And this is due to the fact that as compared to Noida and Greater Noida, continues to have unique selling point of location for affordable housing.
The appreciations in the price range are real enough to buyers, and is thus expected that prices in the Noida extension will now either remain stable at the current levels for a couple of quarters, or climb only marginally. Primarily in terms of pricing and location, this region proves to be a tough contender compare to other localities in the NCR region. When compared to the those in the developed sectors of Greater Noida and Noida, the rates for the commercial property are known to be more competitive. With the sudden hike in the prices of Noida Extension flats following clearance from the NCR planning board, the proposed housing projects continue to offer accommodation for the middle class all at a very reasonable rates.
Yamuna Expressway is a 165 kms of Expressway that runs from Noida to Agra promises to cut travel time between Noida and Agra by half. In the coming times, the green field will soon be converted into the posh locations to live in. The Yamuna Expressway Project is not just another highway connecting Noida to Agra bringing the Taj closer but it will also be a path to prosperity for thousands as five new private townships will be created along the Yamuna Expressway with 2500 Acres of area each.
In order to offer you with the most effective construction in terms of 2BHK, 3BHK apartments, the property in Yamuna Expressway are available at the affordable rate where you will live with happiness as well as having good connectivity to Delhi NCR. Number of developers who have launched prestigious residential property in this area includes Jaypee Sports City, Krown plots, 3C Lotus City, Supertech Golf Country, Holiday Village Villas, etc.
According to realtors, the rate has not increased at its normal pace because the construction was stalled for about a year due to legal battles. A 2 BHK flat, which was available at a price of Rs 18-20 lakh a year ago, is now noticed to get booked for Rs. 20-22 lakh. According to NCR Planning Board who approved the revised Master Plan 2021 of Greater Noida, the property for the Noida Extension have become costlier in anticipation of the resumption of construction. According to YB Sinha, the senior officer of Greater Noida authority, it is considered to be the best township for middle class families because such infrastructure is not available in any other NCR town at such rates.
