Noida Realty Market has Lot More To Offer in Near Future
The NCR property market is currently witnessing a setback and is all set to regain its lost momentum with the revival in the economy. There has been increased buoyancy in the market and the new budget has set the balls rolling for the real estate sector. Proximity to the capital city and supportive infrastructure have placed the location on the top priority list of real estate investors. The residential projects in Noida have gained momentum and many new trends have been introduced in the market to meet the growing demands and satisfy the needs of buyers. With the master plan of 2021 several social and commercial infrastructure is planned for the area.
Along with Noida the suburb regions of Noida like Greater Noida, Noida Extension and Yamuna Expressway are the booming realty destination in the NCR region. With an availability of budget-friendly property one can easily go for 2BHK in 30 Lac - 40 Lac which is very affordable as compared to the properties in Delhi and other NCR region like Gurgaon. With a good option of affordable housing one find list of residential projects in Greater Noida. The number of configurations of properties available is also wider as they have been developed for salaried professionals. Many renowned developers have launched large-scale upcoming residential projects in Greater Noida which has generated much interest among the buyers. Noida and its suburb regions are witnessing a prominent residential development and their popularity is likely to accelerate with time.
The commercial development, industrial and corporate growth has added to the Noida's burgeoning property market. As more and more big corporate and industrial bodies has shifted their attention to Noida, developers have launched numerous upcoming commercial projects in Greater Noida. Investors find the commercial property market in the city prone to profit making as these properties can give a good return on investment for the long run and with the appreciation of price, buyers can take benefit. According top the master plan of 2021 many education institutes, health care facility, security, shopping malls and recreational facilities are being developed in different areas. The master plan of 2021 has further spurred the development process. According to the master plan the residential and commercial sectors will be developed in a well-planned way and keeping in mind the availability of land, Noida is planning to increase the floor area ratio and plenty of spaces for green bodies have been proposed.
Noticing the future growth and stability of the property market. Experts believe that it is the right time for buyers to invest or buy property as with the appreciation of prices they can reap good profits in near future. With the development of proposed metro station between Noida and Greater Noida the property rates of the area will increase significantly. According to the experts the continuous development of infra and convenience facility will fuel the value appreciation cycle. Therefore Noida has a great future, both as residential and investment destination.
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