Delhi-NCR is one of the biggest and vibrant real estate souks in India, which offers a dynamic combination of property sections and diverse micro-markets across the national capital. In spite of a general reduction of 50% in overall sales in 2020 over the erstwhile 2019, the post lockdown times gave a much-required thrust to the sector with the achievement of 43% QoQ sales progress in Q4 2020, as per a report by JLL. The sales were encouraged by the pent-up call; festive season and reduced rates; low rate of interest on home loans; and requirement for bigger homes to accommodate the WFH and online classes of school-going children.
Greater Noida and Noida witnessed nearly 33% of residential housing project introductions in Delhi-NCR, with Greater Noida West, Yamuna Expressway, and Noida – Greater Noida Expressway being the prominent places for homebuyers as well as fresh project launches. The twin city of Noida-Greater Noida also made sales of over 50% of total residential units in Delhi-NCR, which is a good sign for the real estate sector in 2021. Most of the units sold were ready-to-move properties valued under Rs. 50 lakh.
And when it comes to determining the most sought-after location in Delhi-NCR for home buyers, Greater Noida and Noida Extension have certainly an edge. It is not just a fad but there are many elements that make this satellite town a great place to live. Let’s get to know it.
Whether you are interested in 3BHK ready-to-move flats in Great Noida West or ready to move 2 BHK flats in Noida Extension, there are high chances of getting a good flat at the most amazing rates. Many real estate developers are coming up with affordable housing options for homebuyers even with great amenities in the region. Greater Noida West is also getting an arrival of mid-income buyers who are working in adjoining regions such as Noida Expressway and Central Noida.
No land acquisition issues
The development land in Greater Noida West was entangled in various legal disagreements quite a few years back. The major muddle dominant among homebuyers was whether the Noida and Greater Noida authorities had sought necessary approvals for the respective local and regional authorities or not. It was in May 2015 when the honorable Supreme Court rejected petitions by farmers who earlier defied the land acquisition for housing project construction. With this breakthrough ruling, all legal plights were put to the soil after which property prices faced a rapid appreciation and have chronicled a rising amendment hereafter.
Great civic infrastructure
According to the Greater Noida Master Plan 2021, Greater Noida West has been designated as a smartly planned residential region. Extended over a zone of 9,000 acres, it is intended to have a fully-developed civic infrastructure, made up of a great road network, sewer system, drainage, water supply, and power infrastructure. Moreover, the area is premeditated to have 22 percent area reserved for the green corridor, the biggest in NCR to date.
Greater Noida West is feasibly connected to all major locations of NCR. The area goes alongside different sectors of Noida. The major roads that connect this area to other neighborhoods of Delhi NCR are National Highway 24 (NH 24), Noida-Greater Noida Expressway, DND Flyway, and Yamuna Expressway.
Nonetheless, Noida Metro Rail Corporation (NMRC) has proclaimed that it will quickly commence a bus service to enhance the last-mile connectivity in Noida Extension.
So, if you are looking for ready to move 3 BHK flats in Noida Extension or Greater Noida, you can easily take your dream towards reality as many real estate developers have some great properties on offer.