Is Noida Realty The Right Choice For Investments?
The past few years have seen the realty sector go through a rough patch all over India. The economic upsurge last year, however, has sparked off some ray of light for those interested in investing in property in India. While the property index has seen a dip across the country, Noida has so far remained untouched by the slump. The big question now is that with an oversupply of land and unsold inventory, is Noida an option for making investments?
Noida in the bad books
Real estate in Noida had always been underrated among all the other suburbs in the Delhi-NCR, despite its potential for investments. To add to that, the various litigations and land disputes maligned the Greater Noida West area. The delay of up to two years or more in project completion dealt a severe blow to the buyers’ confidence as well. As if things were not headed southwards already, the general perception of the Uttar Pradesh administrative lethargy and corruption along with difficulty in maintaining law and order, are among the prime factors that combined to make Noida the white elephant (not related to former Chief Minister Mayawati’s elephant statues) for those who had invested heavily into it.
The sunny side up
With so many liabilities attached to its name, why would you still consider Noida as an investment option? Here are some facts that are bound to change your mind –
Noida is the most promising real estate investment in the Delhi-NCR, thanks to the well-established infrastructure. This includes the maintenance of wide roads that offers excellent highway connectivity in the entire Delhi-NCR and neighbouring states including UP and Haryana. The water supply and electrical cables planning are also the best in the region.
The ongoing work on the extension of the Metro Rail network in Noida adds to the growing list of factors that make it ideal for realty investments.
For those homebuyers with children, living in Noida would mean not having to step out for their education. Almost considered as the education hub of Delhi-NCR, there are several reputed schools, colleges and universities established here.
The extension of Noida, namely Greater Noida, Greater Noida West, Yamuna Expressway, and Greater Noida Expressway are all well-planned areas with a vision to develop infrastructure before the real estate projects are completed.
Property prices in the Delhi-NCR have skyrocketed over the years but Noida is still in a position to offer investment opportunities at comparatively low prices.
The last word
The real estate sector in India is in a poor shape today, thanks to the slump in the property index in most cities. Since the Government kept mum this year on any benefits for the realty sector, its recovery depends largely upon the announcements next financial year. However, Noida is poised to leap off towards a better future thanks to all its infrastructure and development planning. Are you?
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