Noida Extension The Residential Destination of Greater Noidaby Ajay Singh marketing executive
Another new locality making its mark in the real estate market of Greater Noida is Noida Extension. This locality is situated in the northwestern part of Greater Noida; nearby localities are Noida city centre and Greater Noida. Real estate developers are slowly focusing on this locality of Greater Noida and coming up with residential projects. Noida Extension is the industrialized area of Greater Noida, which is now fast becoming commercial and residential hub as well. Buy commercial in Bhutani Grandthum , Trehan Iris Broadway and NX One Avenue places.
Once an industrial suburb of Greater Noida, this locality is attracting investors, developers and property buyers and emerging as the next hub of real estate development. Property in Greater Noida in prime locations is exorbitant and is not the reach of middle class income group. The far-flung localities of Greater Noida, which only had industries by now is slowly attracting realty developers. One of the realty experts opined that sky-high cost of prime locations in Greater Noida has resulted in the shift in focus. The industrial places like Greater Noida's Noida Extension are getting attention. Property prices in this area are rising. There is an appreciation of 5-10% in residential real estate here. The growth and development of Noida Extension is also because of its strategic location. Noida Extension is about 10.3 kms from Noida city centre and 15.7 kms from Greater Noida Pari Chowk. This nearness to developed localities of Greater Noida makes this area attractive to investors. And the best part, Noida Extension is under the UP government.
It is fee from water and electricity problems. The only hindrance is the lack of transportation and improper road infrastructure. These hindrances are getting attention by the civic authorities and conditions are expected to be better. Another reason for the development of Noida Extension as the next residential hub of Greater Noida is the proposed metro line. Greater Noida metro, which is connecting all major locations of Greater Noida, will be soon connected to this location under the Phase IV of Metro Plan. Real estate experts feel with metro connectivity, Noida Extension will touch new heights. One of the officials from realty firm gave a price idea about the property prices in this locality. Noida Extension witnessed significant growth in residential realty segment. A 2 BHK apartment is available in affordable rate till a few years ago. Now for the same property, buyers will have to pay about 42-45 lakh. The plot values are also witnessing capital appreciation. Earlier affordable per sq yard plot were available which now costs about affordable per sq yard.
Created on Sep 18th 2021 05:58. Viewed 121 times.
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