Noida – The Preferred Affordable Housing Destination In The NCR

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Post By By Buniyad

04/03/2019

affordable house in noida_1Owning a beautiful villa or a flat in the elite areas of Delhi might be a dream of some; but, turning it into reality may not be on the cards. This does not mean that people with middle income should not dream of living in a pristine environs. The need to own an affordably smart living space has enabled people to move to National Capital Regions such as Dwarka, Gurugram and even Noida/Greater Noida. As per the report presented by ANAROCK Property Consultants, the NCR region tends to accommodate around 28 million people. The NCR area has witnessed a tremendous boost in the real estate business with 26 to 30 percent of the total segment.

Taking note of the primary destinations falling under NCR Region for increased amount of inhabitation, Sohna of Gurugram, Rajnagar Extension of Ghaziabad, Bhiwadi and Yamuna Expressway as well as Greater Noida West forms an integral part. Out of these, Noida stands as a perfect place for mid-income housing investments. In fact, Noida Extension has between developed as an affordable real estate market. It should be notified that upcoming affordable projects in the area will unleash quality living standards at lesser rate. As per the industry standards, more than 50000 flats would be delivered in the Greater Noida West within a span of three months.

The majority of flats or apartments available in this area range from 700 sqft to 1500 sqft. Also, the adjacent areas have specified flats in the range of 1200 sqft to 2500 sqft. A good thing about the development of Noida and surrounding area is that it will witness growth in commercial real estate leading to job creation. With so much development taking place in commercial real estate business, it has paved for the emergence of residential real estate market. Moreover, the metro connectivity of Noida to Delhi has made it easier for the people to commute.

Now that Aqua Metro Line is about to start, the residential real estate market is going to have an excellent amount of boost. This metro line will pass through sector 81, which will unleash brilliant housing opportunities in the sectors of 78, 79, 80, 81, 101, 104 and 107. These will have 2 BHK apartments in the price range of Rs. 20 Lakhs and above. Now, this makes it an ideal choice for owning excellent looking flats that are quite affordable. It is because of this that Noida has emerged as a preferred choice for affordable housing destination.

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