Why Noida Real Estate Is Always Relevant
Noida emerges as the first choice for buyers looking for affordable housing options in the national capital region. The reason is simple — even if you are low on budget, Noida offers you a huge stock to pick from. On top of that, you get to buy a brand-new home. (In Delhi, on the contrary, you have to be content with a resale house. Noida emerges as the first choice for buyers looking for affordable housing home that would come at a much high price. In Gurgaon, there will is no lack of new property, but they are comparatively much costlier. Ghaziabad, does offer properties in a similar price range, but many prefer Noida as it offers a better connectivity.)
Data check
If you are interested in buying, there are over 1,000 ready-to-move-in projects that Noida real estate has to offer you. There are another 368 under-construction and 14 soon-to-be-launched projects in the city. Among the popular brands that have projects in Noida are Amrapali, Gaursons, Supertech and 3C.According to Makaan.com, if you have anywhere between Rs 24-33 lakh, you could pick from about 4,700 properties in the city. If you can go a bit higher than that, you could pick from another 4,600 properties that will cost you between Rs 33 lakh and Rs 42 lakh. Most of the units available for purchase in the two price brackets are 2BHK units. According to a recent report by Housing.com, 2BHK units are the preferred choice for most homebuyers.From Rs 4,300 per square foot in April 2013, average property prices in Noida have come down to Rs 3,900 per sqft. In certain localities, properties are priced much below this average. The same is not true of other information technology hubs in the country. In Bengaluru, for instance, average property price reached Rs 4,800 per sqft in April 2017 from Rs 4,000 per sqft in April, 2013. In the same period, property rates reached Rs 4,000 per sqft from Rs 3,300 per sqft in Hyderabad. In Chennai, too, property prices appreciated to Rs 5,100 per sqft frm Rs 4,600 per sqft in the same period.Data by PropTiger.com show that there are 852 restaurants, 795 schools, 597 bank branches, 373 hospitals and 356 bus stops across Noida. The social infrastructure of the city is likely to improve further in the near future as many infra projects are set to see completion. For example, the Noida-Greater Noida Metro is likely to start commercial operation in April next year.