What To Choose Between Noida Expressway And Noida Extension?
For several reasons, end-users as well as investors love Noida real estate. While the old and developed sectors of Noida offer expensive property options, two hotspots in Noida — Noida Expressway and Greater Noida — offer you affordable property along with a developing infrastructure.
Check out how these real estate hotspots are different from each other. Based on that, decide what suits you better in case you plan to invest in this region.
Current scenario
Noida Expressway and Greater Noida West both have been touted as the prominent real estate markets because of availability of affordable housing stock. Both areas have umpteen ready-to- move-in projects, but the rental demand is stronger at Expressway projects due to its proximity to the commercial hubs.
Noida Expressway has a job market of its own which acts a key growth driver of the area. On the other hand, Noida Extension is preferred due to inexpensive property options where many under- construction projects are expected to be delivered by the end of this year. This might further increase the supply in the area and buyers can get good deal on units which are nearing possession. People staying here have to come to the city center to move to their respective location.
Currently, Noida Expressway has 77 ready-to-move-in and 72 under-construction projects. The average cost for a 1BHK property is Rs 30 lakh, a 2BHK unit is Rs 57 lakh and a 3BHK home is Rs 1.08 crore. The average property price per sqft is Rs 5,400.
On the other hand, Noida Extension has 60 ready-to-move-in and over 150 under-construction projects. Average property prices in the area are Rs 3,200 per sqft. A 1BHK home is available here for Rs 19 lakh, a 2BHK for Rs 32 lakh and a 3BHK for Rs 49 lakh.
Future prospects Future prospects of Noida Expressway and Noida Extension is bright as buyers looking for affordable property are flocking to these areas. Investors also love these areas because of their affordability and easy connectivity. Soon, the Metro network would be operational along Noida Expressway, connecting all major sectors to main Noida.
For Noida Extension, the wait for the Metro can be little longer. Moreover, the infrastructure in the sectors lying along expressway is better as compared to the Noida Extension, where construction pollution is posing serious threat to health. Noida Extension has a lot of catching up to do when it comes to basic amenities and infrastructure.
Popular areas along expressway are Sector 45, 93A 137, 143 150. Some of the popular localities in Noida Extension are Sector 1, 4, Techzone 4, 16B, 16C, etc.