Why should you Consider Investing in Noida Residential Property Market?

Posted on June 19, 2014 Updated on June 19, 2014

As the infrastructural developments within Noida take a leap ahead, the overall property market of Noida, along with Greater Noida and Noida Extension have received a shot in the arm. Authorities have also introduced the Apartments Act – a step ahead in housing developments. The following post speculates these very developments. Read on to know more.

Noida Property Market Experiences a Boom

After a period of lull, the real estate market of India seems to be back on track. Major cities like Delhi/NCR, Mumbai, Bangalore and Chennai are currently enjoying the renewed boost. Noida continues to remain a favourable real estate destination within the property market of the National Capital Region (NCR).

Over the last few years, Noida has experienced a period of unprecedented growth which is expected to remain stable in the coming months. The Noida property market has emerged as a well-developed micro-market that has vibrant residential,

commercial and retail segments. Along with this, the overall infrastructure development of the region has further boosted the overall property market of the region. The Noida property markethas been highly beneficial form the metro extension, wider highways, expressways and also the release of land parcels. All these, has ensured that the Noida residential market turns out to be a great deal for investments in not only for now but also for the near future. So, end users, who are looking towards investing in 3BHK apartments in Noida, they have ample options to choose from.

Adoption of the Apartments Act

As the residential property market gains solid grounds, several real estate builders have invested in an array of new residential projects across the city. A property boom has led to the authorities intervening and working towards the betterment of the overall infrastructure of the region. This has led to the Noida and the Greater Noida authority to finally adopt the UP Apartment Act of 2010 that will enable transactions related to home buying in housing societies within a more strong legal framework. So far, these transactions were being governed by the UP Industrial Act, 1976 and the law is applicable to both Greater Noida and Noida. In the words of Rama Raman, chairperson of the authorities, “We have already informed developers about the adoption of the UP Apartment Act, 2010. With the implementation of the Act, each group housing project will now come under its ambit.” 

Officials are of the opinion that, this move is bound to give a huge benefit. Nearly 5 lakh home buyers in Noida and 3 lakh in Greater Noida will benefit from this Act. This would be more effective in areas like the Yamuna Expressway – region that has often been overshadowed due to litigation issues and other complaints between builders and buyers over matters like delivery of apartments in time and common facilities.

Infra Projects in the Region

However, now that the issue has been resolved to a great extent, the future for the residential realty segment of Noida/Greater Noida is definitely bright. The authorities are setting in flow, several plans to give the infrastructural facilities of the region a boost that is automatically expected to give the real property market a shot in the arm. These two cities are currently being rated as some of the best-known property destinations not only in northern India but also across the country. With the Master Plan of 2021, the region will witness infra developments like 150 metres wide roads, an increased number of flyovers, roundabouts on expressways, underpasses and sewer-treatment plants; Ganga water supply and also a new 400 MW power grid. Corridors like the Yamuna Expressway and the Taj Expressway are the hottest destinations.

Array of Builders and New Launches

A number of real estate builders of repute such as Amrapali Group, Unitech, Parsavnath and even DLF are also investing in the region. Let’s explore two such upcoming projects in Noida/Noida Extension.

Built by the renowned Amrapali Group, the new residential project named Amrapali Heartbeat City stands true to its name. Located in Sector 107 the project offers 2BHK/3BHK/4BHK apartments that come fitted with some of the best possible specifications. Spanning across a floor area of 1195 square feet to 2125 square feet, the apartments have been exquisitely designed by some of the best architects.

On the other hand, Gayatri Life by Infra Planner is an upcoming residential project that is all se to adorn the skyline of Noida Extension. Spread across 4.5 acres of land, Gayatri Life at Noida Extension offers 2BHK/3BHK apartments in the region. Keeping in mind the requirements of the modern-day end users, the apartments have been designed beautifully. Boasting of a robust infrastructure, Gayatri Life offers the very best in terms of amenities. Just like any other modern day residential projects, one would find swimming pools, club houses, paved compounds and reserved car parking for the residents of the project. Both these projects have been built, keeping in mind the locational advantages. All major landmarks within Noida and Noida Extension can be easily accessed from these projects.

As infrastructure projects are being rapidly constructed at a spree, Noida along with the peripheral areas like Greater Noida and Noida Extension have been experiencing all-new fillip. While proximity to Delhi and smooth connectivity to the capital through metro and roadways is one of the major reasons for an upsurge in the property market, other reasons have also contributed for the development of the same. Growth of industries and foraying of the IT industry is another reason that has led to the appreciation of capital values in Noida. With Greater Noida and Noida Extension property marketscoming of age, the urban conglomerate of Noida has been further consolidated. Both investors and end users are bound to benefit from the property market of Noida.

Author Bio:A skilled writer and an ardent blogger, Sampurna Majumder loves creativity and challenges. She has been providing her expertise to the world of new media for over a year now by penning articles and posts for various real estate websites that cover all kinds of information about real estate. The above post explores the property market of Noida