Over the past few years, Noida has emerged as a big hotspot of commercial and residential real estate projects in the national capital region (NCR). Various development projects like construction of Yamuna Expressway and coming together of the FNG corridor, and metro rail expansion help Noida to become one of the most desirable destinations for real estate developers and home seekers in Delhi NCR.
The residential projects in Noida are rather budget-friendly than those in Delhi and Gurgaon. Also, Noida has seamless connectivity to Delhi and other NCR locations in comparison to Gurgaon which only relies on the Jaipur Highway. Noida is believed to be as the future of reasonable housing projects in Delhi/NCR owing to the close proximity and well-developed social infrastructure. The assurance that Noida has given for affordable housing projects led most of the companies and business agencies to enter into the Noida’s realty market to offer convenient options to home seekers. Amid so many companies, Paramount Group is the one leading the Delhi NCR realty market with its best in class residential and commercial projects in Noida.
While Noida has turned out to be the most preferred real estate hotspot for affordable housing, there are five points that one should keep in view at the time of buying property in Noida.
- Plot versus Apartment: If you are planning to buy residential property for a long-run benefit, you can even buy a plot for the price of a flat along the Yamuna Expressway. The world class expressway and its proximity to FNG corridor offers seamless connectivity to individual living in Greater Noida to Delhi and Gurgaon. If you are planning to buy a house then residential projects near the Yamuna Expressway offer excellent options at this moment of time.
- Choose the renowned builder: Choosing a well-known builder is also one of the most important decisions to keep in view while looking for residential apartments. A real estate organization with vast business activities and excellent commercial and residential projects may charge you a little extra premium than first time builders, but the cost is worth spending to ensure timely completion of the project and better future prospects of the property.
- Have a look over project amenities and specifications: With various residential projects concentrating on taller buildings, try to have a look over projects that offer large open spaces, common areas and green surroundings in their vicinity. Check with your builder about the features and facilities the project is offering such as parking space, kids play area, gymnasium, security, 100% power backup, etc.
- Investment plan: Go for a residential property according to your investment plan. Regions like Noida extension and the Yamuna Expressway have several commercial and residential projects being built-up; the property prices may hike but you can make good returns on investment in a short frame of time. Similarly, there are other regions where residential property prices are budget-friendly but they are suitable only for long term investors who have time span of at least 5-10 years.
- Location factors: Noida has well-connectivity to Delhi as compared to Faridabad or Gurgaon. Also, water level in Noida is high unlike Gurgaon which doesn’t have ground water available. In terms of residential projects too, Noida offers comparatively affordable residential properties as compared to Gurgaon or Delhi. Keep these points in mind and go for the best residential property in Delhi NCR.
Paramount Group, one of the leading real estate developers in Delhi NCR offering the premium projects which are in close proximity to metro rail and proposed international airport at Jewar.
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