The Greater Noida (West)-popularly known as Noida Extension- is one of the well-planned cities not only in India but in the whole of Asia. There is an estimated figure that about more than 20 lakh people would be dependent upon this region, once it develops entirely. This area has been planned in such a way that even after 100 years, development can be done. But development is limited. You cannot do it like any way you want. So, the entire area is pre-planned, and there is no issue related to infrastructure.
After the recent legal developments, there is a positive impact on Greater Noida (West) region. The Hon’ble Supreme Court has taken care of all stakeholders such as farmers, middle class home buyers and the financial institutions. All uncertainties have been cleared now and projects are moving faster as financial institutions are wary of funding the projects.
Despite various hurdles and issues, developers have always concentrated on speedy construction of projects in Greater Noida (West) so that the buyers would not suffer further. The Greater Noida Authority has started giving additional compensation and developed land to the eligible farmers as per the Supreme Court’s verdict. All these developments have brought cheer to home buyers in Greater Noida (West) and pave the way for grant of possession of homes at the earliest.
We and other major developers are about to start giving possession to the buyers in various phases in all major projects. Hopefully, by the end of this year and mid of next year, buyers will start residing there. This area is known as a mix of affordable, premium, high-rise apartments and independent luxurious villas. Road and metro connectivity, besides amenities such as commercial spaces, schools, colleges, offices, IT park, MNCs, renowned hotels, hospitals, police station, taxi stand, indoor & outdoor sports, clubs etc make this region attractive for buyers.
The future holds great promise both for individual buyers who want a house to live in and investors. Moving away from controversies, authorities are swiftly laying down the necessary infrastructure – water, roads and
electricity. Green belt has been set aside for peaceful and healthy living and connectivity is going to be smoother.
In the coming years, this will further see a multiplier effect as this area is set to witness great infrastructure boom like metro, multi-level transport system and other connectivity corridors in the near future.
The future of the area is bright in terms of price appreciation and connectivity. This is a future city where everything is very well planned and it nestles between green belt beauty and basic amenities with world class facilities.
As there are multiple rates, the projects, even though located strategically, are priced between Rs and 2630 and 3800/sq ft depending on the amenities in various projects. Also, amongst all the emerging markets being compared, Greater Noida (West) is the most promising in terms of existing infrastructure as well as the upcoming metro connectivity.
Greater Noida (West) is still an affordable hub for middle-class buyers compared to other destinations.
It is a known fact that Greater Noida (West) has been witnessing more than 100% appreciation despite all the hurdles it has faced since it started taking shape a few years ago. The reason for its resilience is its excellent location (proximity to Noida, Delhi, Ghaziabad, and Faridabad etc.) and connectivity, futuristic and well planned infrastructure and a value for money proposition.
For More Information About the projects in Greater Noida West (Noida Extension) Such as Jaypee Greens Project, Amrapali Group Projects Etc.
Sourced by: http://realty.economictimes.indiatimes.com/ 15 July 2015, 1:17 PM IST