Noida Extension is a hub of affordable housing in the real estate market of Delhi NCR. With the kind of development taking place here price has appreciated more than 15%in the past one years. Realty firms have invested heavily in Noida Extension and are ready to deliver the first apartments. With a good number of ready to move projects in Noida Extension it is estimated that around 50,000 will be delivered in the next six months that would translate into around 1 lakh people moving to Noida Extension by the end of the year.
According to the experts the future of Noida Extension is bright and people have already started reaping benefits in terms of appreciation in property prices. As compared to the other places of the NCR like Gurgaon, Faridabad, Noida Extension has a rapid developing infrastructure. The development authorities are swiftly laying down the basic infrastructure like water, roads and electricity and green belt has been created for healthy and peaceful living.
The region is well planned in terms of wide roads, basic infrastructure like schools, hospitals, banks, restaurants, educational institutes and commercial sectors. Noida Extension brings a great relief to the mid income group of buyers who want to buy property in the suburb of Delhi as in terms of price the region is much affordable to any other real estate destination of the Delhi NCR.
The area is buzzing with activities with almost 75 developers with an array of projects offers 1, 2, 3BHK apartments, villas, and plots at affordable rates. According to the serve realty experts believe that in near future the city has the potential to cater the population of over 10 lakh with estimated 2.5 lakh built up houses set to be delivered in next three to four years.
With the completed projects in Noida Extension the region has witnessed a remarkable price appreciation and is likely to double in next three to five years. Due to the prevailing rates of properties it is the right time for buyers to invest or buy property in Noida Extension as with more price appreciation they can reap good return on investment for long run. As the housing demand in Noida Extension is very high there is a blend of both investors and end users in the buyers of property in the region.
One of the major reason that attracts a large number of buyers to Noida Extension is its proximity and connectivity to Delhi through Noida. With the peripheral road and interior roads getting developed it enjoys an excellent connectivity to Noida, Ghaziabad, Delhi and other important regions of NCR. With the completion of proposed metro station the realty market is likely to boost more in coming years. In terms of transportation also, Noida Extension stands out perfectly as it offers good transportation services to the residents via autos, buses, cabs, etc.
