Compared to other NCR areas, investing in Greater Noida (West) is said to be most promising as the city have immense scope for future development and appreciation. A hub of affordable housing, Greater Noida (West) is spread over nearly 3,635 hectares (8,980 acres) across various sectors including 1, 2, 3, 4, 16B, 16C, 10, 12, Techzone, Knowledge Park 5, etc.
In recent times, many homebuyers have invested in this region, due to budget-friendly prices and good quality homes offered by renowned developers. Apart from a thriving residential real estate, Greater Noida (West) is also home to many planned shopping arcades and commercial spaces.
Take a look at some of the major reasons why Greater Noida (West) is ideal investment cum residential zone for affordable home buyers:
Greater Noida (West) enjoys seamless access to other surrounding areas through Noida-Greater Noida Expressway, NH-24, Yamuna Expressway, and DND Flyway. Apart from this, existing Sector 37 Metro line will also be extended up to Greater Noida West through Sector 72 adding a feather to its cap. The area is also well connected through a network of inter and intrastate bus network.
Due to such smooth connectivity, Greater Noida (West) gives homebuyers a profound reason to invest here.
The region has an effective basic infrastructure like undisrupted supply of water and electricity, well-developed roads as well as social infrastructure such as hospitals, schools, and educational institutions, and commercial sectors. Roads as wide as 120 m, sector roads as broad as 60 m and parks covering ample green area add to the great planning of the Greater Noida (West). Easy access to all the basic amenities is yet another valuable point for investing in properties here.
Economy, Industry & Employment
Greater Noida (West) is a prime destination for all major industries including Food Products, Beverages, Chemicals, Machinery, Electronic, etc. The area boasts ample Trade and commerce activity. In recent time, the locality has become a hub for top-notch IT, ITeS, BPO, BTO and KPO companies which are offering employment to many professionals. That’s why they are keen on investing in the area due to the presence of a large number of workspaces which are closer to their residence too.
Affordable Real estate market
Since the implementation of policies like RERA and other Government initiatives like Housing for All, Greater Noida has become a centre of development for affordable residential projects. Many renowned developers have already launched their projects here with some more launches underway. It means that the buyers will get quality residences to live in, at a fair price. The deal is surely the must-grab ones for both home buyers as well as investors.
Ajnara, Gaursons, Trident, Nirala, ABA Corp, ATS, Mahagun, and Supertech are some of the reputed brands in the realty sector which have been delivering great projects in Greater Noida (West). Interests of these developers have been shifted here as a wide range of projects – both commercial and residential – are being offered by them.
Property prices and Trends
Owing to the excellent infrastructure, properties in Greater Noida (West) are considered among top investment options. Also, proximity to well-developed sectors of Noida such as 50 and 52 and commercial sectors such as 61, 62 and 63 is the main reason which attracts lots of potential buyers to invest here.
From past few years, due to many residential launches as well as good economic activity, the area has seen a significant rise in property prices which will further increase as metro will start its services soon from here. The average property price here is 3,630 per sq.ft. A home buyer has the option to choose from spacious studio to a luxury 2, 3 BHK apartments, villa and penthouse here at comparatively affordable prices here.
So, investing in Greater Noida (West) will give its homebuyers a grand opportunity to fulfill their dreams of owning a home of their own as well as for investors too who are looking for long-term benefits.