Properties in Greater Noida Blink Summary

The Delhi NCR (National Capital Region) has been cited to be one of the most preferred investment destination by many. But one region that is blinking high on the realty radar is Greater Noida. Previously known as Noida Extension, this region is fast becoming a residential hotspot thanks to the steady infrastructural developments. Strategic located in the Gautam Budh Nagar district of Uttar Pradesh, this census town is falls well within the NCR region. According to recent reports, a property in Greater Noida is currently witnessing a major turnover as capital values of properties here have escalated over 15 percent in the past few years.
Evolving from being a mere sleepy little town to an urban city that is bustling with construction activities, Greater Noida is luring many home buyers to itself. Seamless connectivity, affordable housing segments and high rental yields are some of the factors that are driving the realty momentum. A number of apartments for sale in Greater Noida are particularly developed keeping the MIGs (Middle Income Group individuals) in mind. The city has an array of options for individuals who want to own spaces at relatively low prices. Sectors and neighbourhoods like Omega and PI are cited to be some of the most preferred investment destinations. The current ongoing rates for homes that spread over 1,000 square feet are estimated to cost anywhere between Rs 3,500 and Rs 4,000 per square feet.
Being a sought after rental destination, the area is a haven for many investors and second time home buyers. A property in Greater Noida that earlier costed Rs 5,000 today is cited to cost an average of Rs 8,000 resulting in a 65 percent hike. The high ROI (Return on Investment) is luring many second time home buyers to purchase more than one home here. High rental yields are also influencing many to invest. 2 BHK apartments here can easily generate a rental return of Rs 10 per square feet per month.
Apart from being ‘affordable’, the city has outperformed its neighbouring towns like Gurgaon and Faridabad in terms of its social state. Developments along the commercial belt are attracting many major players from the IT, retail and hospitality sector. Proposed developments to connect Pari Chowk to Dwarka-Noida City Center have resulted in a positive impact and these developments are pushing the realty demand further. The presence of many reputed educational institutions too has strengthen the buyers’ sentiments.
Another neighbourhood that is gaining a lot of momentum is Greater Noida West. Spread over 8,000 acres of land, the region is a city in itself. Well laid multistorey buildings, wide roads and green spaces are some of the elements that make this vicinity a hit amongst property seekers. The major influx in the housing demand is pushing property prices to soar. As per current market trends, apartments here are estimated to fall under the price bracket of Rs 3,000 and Rs 3,900 per square feet.
So if you are looking towards investing your hard earned money into a property that generates high ROI – don’t think twice before purchasing apartments in greater noida.

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

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