The continuous growth and development of the Delhi NCR demand for more accommodations. Since it had become challenging to buy a house in Delhi, people sought to live in the near capital regions (NCR), mainly Noida, and Gurgaon. This made real estate investments in the satellite cities fruitful. Companies like Unitech Group, Omaxe, and Prateek Group are known to define the best estate businesses providing residential flats in Noida and Gurgaon.
What Makes Noida a Real Estate Hotspot?
Noida holds the 17th position in cleanliness in India. Noida is the 2nd city after Mumbai which is famous for its tall buildings. Noida has de trop funds by which they can govern the city for five years without considering the tax paid by people. The well-planned infrastructure of Noida has made the city, a hotspot for investors in real estate. The main roads of Noida are six lanes wide. It is estimated that Noida will soon be known as a city with the highest number of high-rise roads in India.
Noida houses three expressways namely, DND Expressway, Yamuna Expressway and Noida-Greater Noida Expressway that connects the city with the regions surrounding them.
Noida is well connected to Delhi as well as other parts of the country, which captivates people seeking residence as well as investors. The DND flyway connects Noida and Delhi. The Noida-Greater Noida Expressway connects Noida and Greater Noida. The Yamuna Expressway connects Noida and Agra. Further four expressways namely Delhi Eastern Peripheral Road, Delhi-Meerut Expressway, Upper Ganga Canal Expressway, and Ganga Expressway are under construction.
Noida doesn’t have a railway station but is easily connected to stations in Ghaziabad and Anand Vihar via roads. Noida has a bus stand in sector-35 which is planned to be shifted. Noida is connected to Delhi via metro trains as well. The Indira Gandhi International Airport in Delhi is also close to the satellite city, Noida.
Noida also houses several IT companies and multinational companies, thus attracting people seeking job opportunities. The rise in the number of executives moving has created a need for affordable housing in the area. Looking forward to higher demand in these areas, there has been a hike in the number of flats in Noida.
Investment in Flats in Noida: A Smart Move?
In the past years, Noida had been in the bad books of real estates among all other satellite cities of Delhi. The corruptions, politics, land disputes scorned the reputation of Greater Noida West mainly despite its excellent investment potential. The delay in projects even after the promised time added up to the situation. With all these burdens of blames, Greater Noida changed the entire fate of the state. Noida emerged to be the most promising real estate hub in Delhi NCR. The well maintained wide roads, the above par planning of electrical cables and water supply helped in the growth of the state. The property prices in Delhi NCR escalated hastily, but the property prices in Noida remained comparatively lower. The perfect planning and infrastructure of the city connecting to nearby places via expressways shaped the foundation of Greater Noida. Today, the city is flooded with real estate investors offering ready to move flats in Noida for people who are seeking housing areas. You can also avail for Home Loans provided by Bajaj Finserv Homes and Loans. It offers home loans in a more convenient way compared to other providers by facilitating faster applications and processing time.