Approval of Revised Master Plan 2021 of Greater Noida, price of properties in Noida Extension have become valuable in anticipation of the resurgence of construction.
There are crystal clear signals from developers that they would go for a price amendment with some having already revised prices. The average residential prices in Noida Extension were in ranges of Rs. 1800-2000 per square feet but now they have risen up by 50%.
Rising cost of raw materials and inflationary pressure are some major reason for the hike n prices. Real estate developers are looking ahead at home prices to raise by at least 50% in Noida Extension as the government’s approval to Greater Noida master plan has also laid concrete for start of construction, which was hindered for over a year in the area.
Major project like Antriksh’s Golf Link Centurion Valley, Amrapali’s La Residentia, Leisure Valley, and Golf Homes, Supertech’s Eco Village, Mahagun’s Mywoods, Gaursons’ Gaur City, Earth Infrastructures’ Earth Towne, Gulshan’s Homz, Ajnara Homes and Le Garden, Paramount etc. were launched at affordable rates – that is, ranging from Rs 1,400 per sq. onwards. Around 1.5 lakh house have already sold and around 2.5lakh houses are under construction making Noida Extension a future housing society place. “Noida Extension will prove to be challenger to other localities in the NCR, primarily in terms of pricing and place.
If all goes well, the recent announcements of Metro approvals will bring a lot of cheer among the buyers here. At the same time, the real industry will boost up which in turn will increase the interest of investors and end users.
There is an uncertainty about Noida extension in earlier times due to constant strikes from villagers but the court orders are in favour of both the parties, resulting in a win-win situation for everyone.
Many major developers have finalized their incomplete housing project providing high-class amenities as well. One of the biggest developers Gaurson completed the fully residential project with schools, playground, shopping malls and almost all units delivered to the buyers. Proposed metro connectivity, setting up of large-scale organization and industry and a better connectivity to NH24 and Agra Highway also gives the edge to this area making it an eye watchable.
The proposed metro line gives the edge to this area, along with the residential project; a lot of commercial businesses are expanding their wings in the city. The area is definitely planned with connectivity to the NH24 and Agra highway.
Noida Extension is wisely designed, so it breaks all the rumours of stereotype community, the area is little cornered from the central city but in future, it is going to blossom.What do think of ideal living? Is it infrastructure, water, electricity, market, shops, theatres, metros, or large housing society? All amenities are the backbone of living; Developers has expanded their construction to the Yamuna highway. As a result, the size of housing society is broadened, it is clear that amenities will be simultaneously proliferated in the area. On investment point of view, it is considered an affordable living luxury, the place is rather inexpensive than of other nearby metro cities, the apartment cost in primary location of Noida, Delhi and Gurgaon is comparatively very high. Working professionals who are not worried about instant possession, Noida extension is best option to go for.
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