Noida Extension Flats: Property Trends to Consider
Greater Noida West, or Noida Extension, is one of the fastest-growing real estate locations in the National Capital Region (NCR). This region provides affordability, relatively new infrastructure, and, most importantly, growth prospects for property investors. In this blog, we will focus on the factors that are influencing the property market in Noida Extension and why investing in Noida Extension flats can indeed be a rewarding idea.
Noida Extension has risen to prominence due to its favourable location and proper planning. The area comprises residential and business spaces, accommodating a varied populace. With an increasing number of amenities and facilities, new apartments in Noida Extension are gaining the interest of both end users and investors.
Property Trends in Noida Extension
Regional Growth
Greater Noida has emerged as a forerunner for registered residential transactions, and the Noida Extension is one of its major contributing factors. The area has observed a steep incline in property registrations over the past few years, boosting investors’ confidence.
In April-June 2024, Greater Noida West had the highest maximum transaction amount, 35 percent, while Noida Expressway had the highest average transaction amount, Rs 1 crore.
Improving Infrastructure
Projects such as the Noida International Airport and the Aqua Line metro extension project will also help increase property prices and improve accessibility and living conditions in the area.
Recent infrastructure developments include:
The Namo Bharat Metro will extend connectivity to the new Noida International Airport and pass through regions including Siddharth Nagar in Ghaziabad, Greater Noida West, Alpha 1, and Jewar Airport. On completion, the project will enhance transportation by shortening travel time for commuters and airport passengers.
Proposed Route and Stoppage Details:
- Ghaziabad (Siddharth Nagar)
- Vijay Nagar
- Sector 62, Noida
- Sector 71, Noida
- Greater Noida West (Noida Extension)
- Tech Zone 4
- Bisrakh
- Sector 2, Greater Noida West
- Alpha 1, Greater Noida
- Delta 1, Greater Noida
- Pari Chowk
- Yamuna Expressway
- Jewar International Airport
Also, the Greater Noida Authority recently invested Rs 60 crore in infrastructure to develop road infrastructure, water supply, sewage systems, and street lighting, which has enhanced the quality of life of the people of Greater Noida.
These improvements not only enhance the appeal of Noida Extension flats; they also lead to higher rental yields.
Rental Yield Potential
There is always demand for rental properties with the increasing population of professionals. This trend is more notable in the segment of 4 BHK flats in Noida Extension, where interest is shown by extended families and individuals seeking shared accommodations.
The market for rental property in Noida Extension is highly active because of the growing interest of employees and businesses in the commercial sector, such as HCL and IBM, as well as IT hubs like Techzone 4. The yields obtained from renting these properties should be more appealing to investors than other NCR cities.
The Magicbricks ‘State of the Market’ report revealed that Noida Extension has the highest availability and rental increase; capital values ascended by 21.62% year over year.
Appreciation Potential
The price fluctuations in the last decade show a general appreciation of property prices. For instance, property in Noida Extension, priced at ₹3,600 per square foot in 2020, has now come up to ₹7,050 per square foot. This increment has been achieved through a five-year compounded growth rate of nearly 98.6%, making it a profitable investment area for people wanting to make a handsome income from the ever-appreciating property market.
Considering the above-mentioned infrastructure developments, we can expect an enticing effect on MNCs and other corporate services, causing them to set their hold in the region. This development, in turn, could produce job opportunities, elevating the demand for houses and apartments in Noida Extension.
Conclusion
Real estate investment in Noida Extension flats is a good opportunity for those looking for premium housing with good rates of return. This region, with enhanced infrastructure, increasing property values, and strong rental demand, is among the most vibrant areas of the NCR in terms of the real estate market.
For those interested in taking the next step in considering investment, get in touch with experienced developers such as ACE Group. They offer a range of opulent residences, including prime flats in Noida Extension. So, while thinking about your investments, be sure to consider Noida Extension—a real estate market that has all the potential to grow and succeed further.