The onset of the COVID19 pandemic last year in the month of March has brought many to their knees. Everyone was bound to stay at home just to stay safe, businesses were closed, employees were working from home, and everybody was clueless about how things would shape up from there. However, things started improving in a few weeks and the world is not opening again in a gradual fashion. But out of all this, the most important thing people learned is the value of a home. At a time when their home was the epicenter of everything happening around them, they realized how necessary it is to have your own home.
This change in mindset has resulted in an increasing demand for properties all over. Among various real estate destinations, NCR has witnessed a sharp rise in the demand for affordable yet luxury properties. The COVID-19 pandemic has derived a point that owning a home is a path superior to living in a rented house. With the increasing extent of coronavirus, the heart-throbbing news on people getting asked to abandon their leased homes came out from different corners of society. The fear of the infection burst up, and various mortgage holders took such selections leaving several penniless and uninhibited in diverse urban communities.
And when it comes to buying an affordable home in NCR, Greater Noida West emerges as the foremost choice among homebuyers. At a time when most of the people living in rented homes are vying to get their own home in a nice locality, this satellite town of NCR emerges as a great option. There are many real estate developers that offer fabulous deals on 2 BHK and 3 BHK flats in Noida Extension, presently known as Greater Noida West.
There is a projected estimate that nearly over 2 million people would be dependent upon this area, once it is completely developed. This area has been planned in a very strategic manner that even after 100 years, development can be carried out feasibly. This simply means that the entire area here is pre-planned, you won’t need to bother about infrastructure-related issues in the future.
Some of the recent developments like Jewar Airport, FNG Expressway, Delhi Metro Extension, Commercial complexes, employment hubs like NSEZ have fuelled the demand for this region. The region of Greater Noida West offers a reasonable price bracket in the affordable housing sector in comparison to other newly developed parts of NCR like New Gurugram. In addition, Gurugram is a leading industrial hub, commercial spaces, and MNCs have a higher cost of living as compared to other regions like Noida and Greater Noida. The civic infrastructure, connectivity, and drainage are also at par in Noida in comparison to Gurugram.
Various renowned real estate developers have already started work on large-scale affordable housing projects that will be at par with mid-level societies in regard to amenities offered, engineering design, and payment flexibility that do not put any kind of pressure on a middle-class homebuyer. In a span of another4-5 years, Greater Noida West will be able to offer a wide range of housing units for all income groups, particularly affordable. Whether you want to buy a 2 BHK flat in Noida Extension or 3 BHK in Greater Noida West, you are more likely to choose from a range of property options matching best to your living style and budget.
However, if you have made up your mind to buy a residential property in Greater Noida West, it is recommended to choose a reputed developer so as to get the best return on your investment.