Residential Apartments in Noida: Creating Opportunity For Mid-Range And Affordable Segment
Property market in Noida expects tremendous growth in the coming years with the new government initiatives such as Housing for all and FDI investments in real estate projects. Reduction in interest rates for home loans has given a boost to affordable housing market. However, high-end residential segment will take time to recover.
The twin city of Noida and Greater Noida has a lot of growth potential in real estate due to increase in urbanization and industrialization in the area. With price corrections, there has been steady rise in demand for residential apartment in Noida that further help in reducing inventories and creating liquidity for the sector. Lower interest rates, better EMI options and price correction have considerably increased home sales by first time buyers. All these varied options encourage end users to invest in property in the booming realty destination of NCR.
The existing and the upcoming residential projects make ideal investment in the area. Top real estate developers in India like Gaursons, Lotus, Oasis and Ace Group are offering high end residential apartments that best suits today's modern home buyers. Sectors 14, 15, 16, 17, 19, 26, 30, 33, 40, 44, 51, 55, 56 and 62 are among the posh residential areas in Noida. Currently, 35% of land in NOIDA is being developed as residential areas. These developments also include group housing projects. The 99 hectare Noida city center development conceptualized to harmonize the human habitat with business enterprise is envisaged as one of the biggest real estate ventures in the national capital region.
These residential areas with smooth connectivity to all major destinations in the region as well as the capital city Delhi are attracting working professionals in Delhi-NCR. Proximity to Central Delhi and IGI Airport has made it as an convenient residential destination in the whole NCR. Availability of numerous employment avenues and basic amenities in these areas have spurred rapid residential development. The other reasons for increase in demand for Apartments in Noida are-:
• Presence of more greener and pollution free environment.
• Provision for uninterrupted water supply and privatized, reliable power distribution.
• Great connectivity via roads, flyovers, highways/expressways.
• Good road transport facilities and Delhi metro network.
• Upcoming shopping & entertainment destinations.
• Top schools, colleges and training institutes.
• Specialized hospitals that are highly acknowledged in Indian medical industry.
• Well planned sector wise layouts with community, recreational & shopping zones.
• Ready to move in apartments and space for building houses are available.
• Upgrading on-line infrastructure for faster Internet access & mobile network.
With upcoming metro stations and proposed infra-growth plans, Noida promises better returns on property investment. Buyers are ensured higher profits from rentals and property appreciation in the region. If you are planning to invest in NCR then opt for immensely lucrative residential apartments for sale in Noida.
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