Noida is fast emerging as a major destination when it comes to home buyers. Due to its easy access to Delhi, it is proving to be the main contender for middle-class home buyers along with Noida Extension, the Yamuna Expressway,and Greater Noida.

Even the home prices on an average are lower in these areas when compared to Gurgaon.

Here are a few tips to help you zero in on what and where to buy in Noida.

An Apartment or a Plot

Along the Yamuna Expressway, it is possible to buy a plot at the price of an apartment. Being on the expressway, there is good connectivity to Delhi. Capital appreciation may take time as there are many plots still available in this area. But, if you are interested to buy in this area you should look for plots in the integrated townships or near the F1 track.

Even Greater Noida has some established sectors that you can look at. There are many ready-to-move-in options ahead of Pari Chowk.

Developer

The story of the Singh’s is still fresh in everyone’s mind. They bought a flat and the project got stuck. Such things may happen so to find a known builder is necessary. There is always a risk with first-time or unknown builders. People tend to go with them as they offer lesser prices, but then you can expect delays or the projects may not even start. So, its okay to pay a little more and go with a reputed builder.

The Project Particulars

The projects with better amenities tend to appreciate better with time. So, if you have to pay a higher price for a project with better amenities you should do it as with spaces reducing, the projects with better amenities are sought after.

Geographical Advantage

Unlike Gurgaon which has no groundwater, there is a high water table available in Noida and Greater Noida. Even Delhi is better accessible from Noida as compared to Gurgaon. However, both have earthquake risks.

Many Unsold Apartments

As long as the sale of apartments are done before the project completes, there is no worry. Now that the government has come with the real estate law, the developers are forced to focus on one project at a time. They cannot divert their funds to other projects. So, the number of unsold units will come down eventually.

Read also- DDA Launches Housing Scheme 2019 in Delhi, India

Many Businesses in Noida

New businesses opening up means that there will be people who would be looking commercial property in Noida. The rents are economical and the land costs are also less compared to Gurgaon. Many localities have suddenly become popular buying or renting choice as there is also good connectivity to the metro.

Government is trying to make it easier

The authorities in Noida are trying to make registration of property easier. There will be no need to stand in queue for hours as was the case before at the registry office. Now, it will be possible to register properties online. The website also guides in filling the forms and submitting the documents.

For the long term, Noida is a good option for home buyers. With good connectivity and new commercial projects coming up it sure looks like it will appreciate over the years.