In the 1990s the
rapidly expanding housing map of Delhi and its immediate influence on
neighbouring Noida roused the authorities into making a desperate move. Out of
the need to contain an otherwise chaotic scenario, a concept town called Noida
Extension was born, which now goes by the name of Greater Noida. It was created
to become a fully planned city with residential, commercial and educational
complexes amidst an ecologically safe environment. Soon reputed educational
institutions, top MNCs, colossal commercial complexes and world-class
residential projects came up under the aegis of the Greater Noida Industrial
Development Authority (GNIDA) - and within only a few years of its being, the
city left Gurgaon behind as the fastest growing real estate market in the NCR
after Delhi. Today, with real estate prices projected to grow exponentially in
the near future, everybody is busy searching for a house in Greater Noida.
Here are four things
you should keep in mind when looking for a house or a property in Greater Noida West to invest in.
Proximity to Noida and Delhi
Greater Noida is
expanding fast as a six-lane highway connects the town to a not-so nearby Agra.
With a proposed Metro link between Noida and Greater Noida spanning 30 km to be
completed by 2017, it comes as welcome news for real estate investors. It will
travel along Greater Noida through Knowledge Park II, Knowledge Park I, Delta
1, Pari Chowk, Alpha 1 and 2, and Knowledge Park IV. So looking for a house in
or near these areas would keep you easily connected to Noida and thereby Delhi.
Always bank on a known real estate developer
One of the biggest
nightmares for an investor is delay in the completion of a residential project.
Lesser known real estate developers resort to stunts like pushing the
possession date further either due to lack of sufficient funds to complete or
some other issue. Always put your money and trust on a reputed developer to get
the keys to your house on time and save on unnecessary expenditures due to
delays. Greater Noida is teeming with projects by the best developers in the
country, so making a choice shouldn’t be that difficult for you.
Remain close to important areas
Greater Noida houses
some of the leading educational institutions of the country across its length.
Try to look for a house that’s close to schools and universities so your
children don’t have to travel too far. Also it would a wise idea to make sure
there are commercial complexes like supermarkets, banks and ATMs, office
complexes and recreational centres nearby. This would ensure that your property
value rises higher compared to properties that are relatively farther.
Look carefully at the project details
From a bird’s eye
view, almost every residential project would highlight the same amenities. Health
club, power backup, 24/7 water supply, round the clock security, CCTV coverage
and a regularly maintained garden are common components. Look for additional
features like earthquake-resistant construction, landscape design and
eco-conscious architecture to make sure you’re investing wisely.
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