Uncover The Potential of Property in Noida Extension
Greater Noida West (formerly Noida Extension) has become a real estate hotspot, rapidly transforming into a place of investor and buyer interest. The growth in Noida Extension is fueled by its strategic location, well-developed infrastructure, and a range of property options, making property in Noida Extension a good investment. Through this blog, we examine the reasons behind this surge and explore the possibilities if you choose to enter this thriving real estate market.
The Impact of Infrastructure Development on Noida Extension Property Values
The extensive infrastructure development in recent years is one of the biggest catalysts of the exponential growth of Noida Extension’s real estate market. These projects have greatly influenced the values of property in Noida Extension, making it an attractive region for investors.
Metro Connectivity: The recent approval of the Noida Metro Aqua Line extension will significantly improve transportation options for commuters in Noida and Greater Noida. The 11 new stations provisioned through this project will increase convenience and efficiency during commutes between these regions.
There’s also the Namo Bharat Metro, which will extend connectivity from Ghaziabad across Greater Noida West to the Jewar International Airport.
Road Network Enhancements: Access to Noida Extension and other neighbouring cities has been enhanced by widening roads and construction of new expressways. One of the latest projects is the flyover for Shahberi village in Greater Noida West to Crossings Republik in Ghaziabad. A detailed project report (DPR) is underway for this project.
The present 15m wide and 1km long road that connects these 2 regions is often congested with heavy traffic jams. Once constructed, the flyover is expected to address these problems.
Two designs for the flyover are suggested: a 14m wide and 800m long elevated road and a 16m wide and 600m long elevated road. The second proposed design of the elevated road is 800m long and 16m wide.
Utility Infrastructure: The Greater Noida Authority has announced a five-year comprehensive waste management initiative for Greater Noida West with an outlay of Rs 242 crore.
The project is intended to implement and integrate mechanised and manual sweeping systems and doorstep waste collection. The project will cater to a total population of 6.5 lakh in 7 sectors and 46 villages of Greater Noida which has been separated to 5 zones for sanitation purposes. In particular, the initiative is centred on the zones 1 and 2 including the Greater Noida West, and integrating waste collection, transportation and sweeping services for all roads.
Social Infrastructure: Noida Extension continues to garner appeal as a residential destination because of the development of schools, hospitals, shopping malls, and recreational facilities, among other things, which has further added to its social infrastructure.
The infrastructure projects have together increased the property values in Noida Extension significantly. The area has become more attractive to homebuyers because of improved connectivity and accessibility, which have also triggered new opportunities for commercial development.
Emerging Trends in the Noida Extension Property Market
So, the real estate landscape in Noida Extension changes constantly with several new trends coming into the market.
Demand for Luxury Housing: Traditionally, Noida Extension has been a housing option for the middle income families due to its pricing range. However, this trend seems to have changed over the years with families taking more interest in luxury housing.
The area is also ideal to buy a flat in Noida Extension as there is a wide variety of options and competitive pricing for the buyers. These emerging trends indicate a rise in demand towards the more sophisticated and sustainable living spaces in Noida Extension that fulfil the changing requirements of the homebuyers and investors.
Preference for Modern Amenities: Homebuyers are now more inclined towards properties with modern amenities like swimming pools, gyms, club houses, landscaped gardens etc. This demand is being responded to by developers who are adding these features to their projects.
Eco-Friendly and Sustainable: In wake of increased concern over environmental issues, more and more people are looking for eco-friendly and sustainable properties. Green building practises and energy efficient technologies are entering into the developers’ projects.
Capitalising on the Growing Rental Market in Noida Extension
The rental market in Noida Extension is thriving due to the growing population of young professionals and families looking for comfortable accommodation. Rental properties in the region are in high demand due to several factors.
Location: Noida Extension is close to major IT and commercial hubs in Noida and Greater Noida, making it a convenient residential option for professionals working in these areas.
Competitive Rental Rates: In comparison to other parts of the NCR, Noida Extension has comparatively competitive rental rates, which attract investors of all ranges.
An Increase in Student Population: Noida Extension, being surrounded by several educational institutions, has resulted in an increase in the number of students, which has also led to an increase in demand for rental properties.
Availability of Furnished Apartments: There’s a growing demand for furnished apartments in Noida Extension, meeting the requirements of young professionals and expatriates.
Noida Extension has a good investment opportunity for property owners because of its rental market. If you are an investor looking for a 4 BHK flat in Noida Extension, you can opt for renting out the flat for higher rental yields and at the same time enjoy capital appreciation in the longer run.
Frequently Asked Questions
- What is the best sector in Noida Extension to live in?
Greater Noida West has one of the finest areas to live in Noida Extension and Sector 12 is one of them. It provides good connectivity, great infrastructure and a serene atmosphere, which explains why it is a preferred place for families and working professionals.
- Is it a good idea to invest in a flat in Noida Extension?
Buying a flat in Noida Extension is a smart investment. This area is coming up with modern infrastructure, schools, hospitals, and shopping centres. In addition, it has high appreciation rates due to its strategic location and growing demand.
- Does Noida Extension have Metro?
The Noida Metro is well connected to Noida Extension. Aqua Line stretches through various sectors of Greater Noida West making it convenient for travelling to Noida, Delhi and other nearby areas.
- Which is the best new property in Noida Extension?
If you are looking for the best new property in Noida Extension, then you should consider ACE Han’ei in Sector 12, Greater Noida West. It offers luxurious 3 & 4 BHK residences with premium facilities, modern architecture and strategic location, with a perfect balance of comfort and convenience.
Conclusion
Noida Extension is a place where property has great potential for investors and homebuyers. The region is a sweet spot because of its rapid infrastructure development, emerging market trends and presence in the IT/ITeS sector, which is one of the main drivers of real estate growth. The possibilities are endless, whether you want to buy a flat in Noida Extension for personal use or investment. Investing in this region and using the hot real estate market to your advantage will give you the opportunity to earn a great deal of financial rewards and secure a good future.
ACE HAN’EI – RERA REG NO. UPRERAPRJ677887 | www.up-rera.in