Reasons to invest in property in Noida
While Delhi seems over-imbued with houses and Gurgaon too exorbitant to make a purchase, the property in Noida comes as a pleasant respite to the home buyers. Noida witnessed a slowdown in new launches in the first quarter of 2013 but, unlike Gurgaon, the demand remained steady. Noida is the most affordable city among tier I cities; let us see the top 5 reasons of buying Noida property.
Good Infrastructure: The city has the potential to become the next-big-thing in the world of real estate, thanks to its excellent infrastructure. Availability of land for construction makes it rank above other metropolitans like Delhi and Mumbai, the cities where conceptualizing a horizontal construction has become only a distant dream. Noida's real estate, in fact, is going great guns due to the scope it has for new constructions.
Existence of Big Players: Some of the top-class developers are eyeing Noida for their new launchings, and most of these projects offer avant-garde lifestyle and all the mod cons. Developers like Unitech, Emaar MGF, Supertech Capetown and Ansals have already floated some of their prestigious projects in Noida and Greater Noida.
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 complainants can expect faster disposal of cases.
Better connectivity: The real estate in Noida is going to get much-needed 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 under consideration. Once that gets implemented, 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.
Relatively Affordable Market: At the time when property rates in Delhi and Mumbai are sky-high, the prices are relatively lesser in Noida. Though the prices here too have undergone appreciation it the first quarter of 2013, they are still lower than their competitive markets. The falling value of rupee against dollar has made several developers come up with discount schemes and freebies.
So, the city is a good option for those who are looking for residential property in Gurgaon at reasonable rates.