Factors For Increased Demand for Apartments

With frequent infrastructural and commercial developments, Noida’s real estate market has boomed to a great extend in the recent times. Besides, the development of industrial and IT hubs have certainly increased job opportunities. As a result, the demand for buying or renting properties in Noida is high among the working professionals as well. Thus, the residential builders have started to develop residential projects that comprises of independent houses, villas, and apartments. Especially, the demand for buying apartments in gated community townships is high among the home buyers in Noida, as they can avail amenities that suits modern living.
Infrastructural Developments
The government has planned to expand the infrastructural development in Noida, which will further increase the demand of buying properties in Noida. According to the sources, the recently approved Metro rail project that connects Noida with Greater Noida and Yamuna Expressway will be developed very shortly. Also, the city will witness the development of 40 educational institutions, Planned Export Promotion Groups, retail outlets and Taj Economic Zone along the Yamuna Expressways will certainly boost the economy of this locality.
Particularly, the investors and home buyers prefers Noida Extension to rent or buy apartments, as it offers them affordable and better options. The real estate experts of this locality says “Noida Extension is an upcoming residential hub and the home buyers are keen to invest their hard earned money in the residential projects being developed at this area in Noida. Alongside, the property investors can earn income by renting their properties and witness their properties get multi-fold appreciation in the near future”. Therefore, if you are looking for apartments in Noida, preferring Noida Extension would be the best choice of property investment.
Apart from it, properties that are located along the Yamuna Expressway and Greater Noida are the other two major areas, in which residential properties are highly demanded.
Property Buying Choice
Multiple property choice is also the key factors that attract the home buyers to buy residential flats in Noida. Be it a luxury or affordable property, the home buyers can find a home in Noida that meets their requirements and budget.
On comparing to 4 BHK and 3 BHK homes, the requirement is high for buying 2 bhk apartments in the urban center. This is owing to the mid-income groups who have budget constraints. However, the outskirts of Noida has been the most preferred choice among the mid-income groups in the recent times, as they can own large sized homes without compromising on the connectivity and other essential needs.
Return on Investment
This is one of the major factors that makes the property investors and home buyers prefer Noida as the best choice for investment. As the locality is witnessing stupendous growth in terms of infrastructure, economy and commercial development, the property investors buyers are eager to take a smart decision to buy a property in Noida to get better return on investment at the years to come.
The rental demand is also high in the locality owing to the presence of many multinational bigwigs like CSC, TCS, WIPRO, HCL, Tech Mahindra, Dell, Adobe Systems, Accenture, Samsung and many more. Therefore, the property owners can earn a good return on investment by renting their properties to working professionals.
So, these are the major factors that increased the Demand for residential flats for sale in Noida.

Sulabha Kulkarni is a freelance writer and an avid blogger, following the real estate sector and property in noida closely for many years. Her areas of expertise are finance and real estate sector in India

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