Pby paramount IN GENERAL PROPERTY 2023-08-30
Investing in real estate offers several advantages when compared to other investment options. While gold and stocks have served as a hedge against inflation since times immemorial, we cannot ignore the potential real estate has in this rising economy. With the recent commercial and residential property boom, investing in real estate makes the most viable and lucrative choice for certain investors.
If you are considering investing in real estate in the region of Delhi NCR, Noida Extension is an area that you must consider and one that attracts a lot of buyers. Noida Extension is also known as Greater Noida West and is technically part of Greater Noida.
Noida Extension is a very sophistically planned city. The residential, as well as commercial developments, all complement each other. The whole design of the city is done in a well-thought way and keeping in mind the demands of the future. Living in Noida Extension offers great job opportunities. Moreover, an airport is soon coming up in the area, which will open roads to more investment opportunities. Thus, investment in property in the Noida extension region is going to be fruitful in the coming years.
Why is Noida Extension specifically a good option to buy property?
Noida Extension, also known as Greater Noida West, is a rapidly developing residential and commercial area located in the National Capital Region (NCR) of India. It is an extension of Noida which is a well-planned city in the state of Uttar Pradesh. It is majorly known for its real estate growth and infrastructure development.
Noida Extension is situated adjacent to Noida and Greater Noida. Due to its strategic location, it enjoys excellent connectivity to Delhi and other parts of NCR through various expressways and highways. It is a part of the government’s ambitious planning of making India as developed and smart looking as the other developed nations.
Many key destinations are accessible from the Noida extension:
Buddha International F1 Circuit = 25 mins
Amity University & Mahamaya Flyover = 20 mins
Taj Mahal = 65 mins
Noida Sector = 18 - 20 mins
Yamuna Expressway = 15 mins
Ghaziabad Railway Station = 16 Km
Nizamuddin Railway Station = 25 Km
Noida Extension is a witness to significant infrastructural development. This includes the expansion of the metro line and the improved road network connectivity with the Yamuna expressway being just adjacent to the area. The apartment complexes with ready-to-move-in flats in Noida extension with the presence of global schools, world-class hospitals, shopping complexes, and various recreational facilities also make it a desired location.
Real Estate Development:
Property in Noida Extension has emerged as a prominent destination for real estate investment and development. It offers a diverse mix of residential properties, including apartments, villas, all catering to various budget ranges. Of these, the ready-to-move flats in Noida extension are considered to be on the constant rise.
Compared to other parts of Delhi, Property in Noida Extension is relatively more affordable. This makes it an attractive choice for investors and homebuyers alike. The prices are competitive with the best residential areas in Delhi NCR while giving world-class facilities at the same time. At this rate, this kind of facility is hard to get anywhere with these reasonable prices.
This area has experienced recent rapid residential growth. Many housing projects and ready-to-move flats in Noida are being developed by renowned builders and developers to cater to the growing demand.
Commercial and Industrial Development:
Noida Extension has also seen the establishment of commercial and industrial developments. These recent developments provide ample employment opportunities and contribute to the region's economic growth.
Noida Extension offers a lot of green spaces, parks, and open areas for recreation. These provide residents with a serene and peaceful environment. This eco-friendly environment with its parks, green belts, and ample open spaces provides a better quality of life for residents.
Proximity to Major Employment Hubs:
Noida Extension is well-connected to major employment hubs in Noida and Greater Noida, which are home to numerous IT companies, multinational corporations, and industrial areas. This proximity makes it a convenient residential option for professionals working in these areas.
Many big companies are planning to open up branches in the area, thus there will be a considerable increment in job opportunities. After the recent announcement of the new upcoming construction of the Jewar Airport, all the MNCs and their employees as a result will see settling in Noida extension as a great opportunity.
Residential and Commercial Growth:
With the rapid residential and commercial development, there has been a considerable increase in overall amenities and services. Noida extension houses a lot of facilities like world-class hospitals, green parks and international schools. This makes it a potential option for new families to settle down. Also, with the Yamuna expressway and the F1 formula circuit close by, more and more individuals prefer such an up-and-coming area.
Future Growth Potential:
Noida Extension is considered to have significant growth potential due to ongoing and future planned infrastructure projects. These projects, like the Jewar airport, make it a viable option for future developments. These developments are expected to further boost property values and improve connectivity in the future.
Return on Investment
Noida extension has the potential to become one of the major cities in India with the kind of developments that are happening in the region. Currently, there is a lot of difference in the prices at Gurgaon and Noida. However, with the proposed infrastructural plans and the initiatives taken by the Government; this gap is going to see a sharp decline over the next few years.
If you are looking to invest in the Delhi NCR region, the Noida extension is the best option for investment right now. For more information regarding properties in the Noida extension, make sure you check out the Paramount Group’s website. They offer a range of real estate options for your investment purposes and will be the perfect destination for all your dreams.