Greater Noida is a part of the Delhi National Capital Region. Real estate wise it has emerged as an alternative to Gurgaon where property rates are very high. This market has several factors such as affordability, connectivity and location working in its favour. Because of these factors it is one of the markets which has seen the most number of residential project launches over the last three years in the country.
Connectivity plays an important role in the real estate growth story of any market big or small. Greater Noida is well connected to Noida and Delhi through the Noida Expressway. In fact properties in Greater Noida which are closer Noida tend to do better. It is also well connected to Agra via the Yamuna Expressway. To add to this connectivity, this market is also set to receive metro connectivity. The metro line will link Noida and Greater Noida through 22 stations. Property prices tend take an upward trajectory when metro connectivity comes into play. This metro connectivity will in all likelihood make properties in Greater Noida more attractive in the eyes of the buyers.
Another reason why Greater Noida is doing well is because of its proximity to Noida. Noida is considered to be a thriving Information Technology hub housing many IT Parks and Special Economic Zones. Properties in Greater Noida are not as expensive as properties in Delhi but they are not in the affordable category either. So those who are working out of Delhi and Noida consider Greater Noida to be more pocket friendly real estate option when compared to these two cities.
The going rate for apartments in Greater Noida falls between INR 2800 to INR 3500 per square feet. When compared to purchasing properties in Delhi, the going rate here is very much in the affordable category.
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