Greater
Noida west, popularly known as Noida Extension, is the third phase of Noida’s
development, after Noida and Greater Noida. It is rapidly emerging as an
affordable hub, for middle-class buyers in the National Capital Region (NCR).
Prices are likely to remain low for a while, due to the good supply of units in
the region.
According
to Mr. Manoj Gaur, the Managing Director of Gaursons India the realty market in
Noida Extension continues to have the unique selling point of being a location
for affordable housing, when compared to Noida and Greater Noida.
Further
the Noida Extension will remain attractive for home buyers because of its good
connectivity better infrastructure wider roads which are well connected to
other parts of the NCR and its affordable real estate prices. However, the
prices are the most attractive features which may not remain low for too long
because of massive development going on in this region. If you read Gaur builder
complaints and feedback then you will find Noida Extension has
always been the first choice of buyers and investors, due its affordability.
The region also offers great promise of price appreciation too.
Many
good developers are queuing up in this region with their projects. Following
the master plan, the region has been developed with adequate greenery, along
with excellent infrastructure and amenities, in terms of water supply, power,
sports, internal connectivity, parks, sanitation and commercial, office, retail
and IT spaces. The expanding Metro and the upcoming Delhi-Mumbai Industrial
Corridor (DMIC) are likely to provide further impetus to growth.
“Moreover,
the city is located in close proximity to the capital, New Delhi, and offers
easy connectivity with its neighbouring regions like Faridabad, Ghaziabad,
Gurgaon and Greater Noida."
The region has many established, as well as new
developers, who are offering innovative concepts to buyers. Several new
buildings are being constructed and the builders have also come up with
innovative schemes, to lure buyers. Hence, home buyers have a variety of
property options to choose from, in terms of quality construction and timely
possession.
