Delhi has not witnessed much progress in the recent past due to the unsettled disputes and skyrocketing prices of Gurgaon has made a tough deal for many. In the event, the Property in Noida comes as a pleasant respite to the buyers.
Captured below are the top 6 reasons of buying a property in Noida.
Good Infrastructure: The city has the potential to become the next-big-thing in the world of real estate owing to its excellent infrastructure. Availability of land for construction makes it rank above other metropolitans like Delhi and Mumbai. A slew of other development plans and schemes, once completed, is envisaged to boost the infrastructure further. Noida’s real estate, in fact, is going a long way due to the scope it has for new constructions.
Connectivity getting better: The real estate in Noida is going to get much-needed metro connectivity to nearby cities, in the months to come. While it is already connected to the capital city Delhi, via metro, the plan to extend the same to Greater Noida is also going on. Once that gets functional, the commutation between Noida and Greater Noida would become far too easier. It will save the time of commuters, on one hand and decongest the traffic, on the other. State Road Transport bus services that run throughout the city provides uninterrupted and frequent connectivity to the people to other major cities of Uttar Pradesh. FNG (Faridabad-Noida-Ghaziabad) expressway once functional, is likely to enhance the further connectivity and decongest traffic.
Big Players in the Field: Some of the top-class developers are eyeing Noida for their new launchings, and most of these projects offer avant-garde lifestyle. Some of the renowned developers have already floated some of their prestigious projects in Noida and Greater Noida. These residential projects in Noida are designed to provide a better lifestyle to its residents and offer state of the art infrastructure and top notch amenities.
Quick Disposal of Forgery Cases: As per new laws, all the cases related to land and property forgery shall now be under the jurisdiction of the Stamps Department. Earlier, these were under court’s jurisdiction and the matters would take years to settle down. But now, the complaints can expect faster disposal of cases. This reduces the changes of fraudulent activities and builds trust and credibility.
Relatively Affordable Market: At the time when property rates in Delhi and Mumbai are sky-high, the prices are relatively affordable in Noida that increases the attractiveness of the city. Though the prices here too have undergone appreciation it the recent past, they are still lower than their competitive markets. The developers have also come up with many lucrative cash back offers and flexible payment plans. So, buying a property in Noida is a good option for those who are looking for residential properties at reasonable rates.
Burgeoning Industrial: Being a home to many Giant IT firms, blue chip companies and multinational corporations, many other reputed companies are also planning to set up their bases in Noida. The booming industrialization is increasing the footfall every year with a massive increase in demand of Residential projects in Noida.