Noida Extension - An overview
Noida Extension, an upcoming suburb around the national capital region (NCR), was one of the most promising affordable housing destinations across India. With Gurgaon and main Noida area in NCR going out of budget for most middle income professionals, Noida Extension offered an opportunity for home buyers with budget in 20-30 lacs bracket. With the additional back up of superior infrastructure like highways, hospitals and educational institutions in the neighboring Noida area, the property prices in Noida extension were anticipated to escalate since its conceptualization. The fate of this concept was threatened when the farmers near Greater Noida decided to move to the court, challenging acquisition of their land for developing Noida Extension. This issue was aggressively debated among various stockholders, including home buyers, builders, farmers, noida authority and the legal system, each blaming the other for the problem.