Why Noida Extension (GreNo West) is still, the best location for purchasing a property?

Till last year investing in Noida Extension was a nightmare for many customers and investors as the farmers were at loggerheads with the builders over compensation issue, the fate of a large number of buyers was hanging in balance until the court order on Noida Extension was out. But with the National Capital Region Planning Board (NCRPB) giving its nod for master plan—which was made mandatory by a court order in October 2011 for any construction activity in Noida Extension— the builders and buyers got a  sigh of relief. 

The Approval by NCRPB had boosted the confidence of the buyers who otherwise remained very cautious of investing in housing sector covering Noida Extension.

The reasons for Noida extension being still the best location to invest in are:

Price:  Noida extension is still the cheapest option available in Delhi/NCR considering its locational advantage. Noida extension was launched in 2010 by few builders at very affordable rates. Today the rates in Noida Extension have increased,  but keeping in mind the location benefit, the proposed and passed Metro Route, and it’s the connectivity with other NCR Regions, it is still the best option available for investment.

Locational advantage: The locational advantage of Noida Extension is its proximity with Noida, Greater Noida, Delhi, Indirapuram, Vaishali, Vasundhara, Anand Vihar, Ghaziabad, Kalindi Kunj, & Crossing Republic. Noida Extension is well connected to these well developed areas. Noida Extension is approximately 8-9 Km from Noida City Centre, the nearest metro station.

Proposed Metro Route: Greater Noida Authority has proposed and now passed the plan for metro station in Noida extension with PPP model. This will boost the price of property in this area, thus giving high benefits to the investors.

Variety of options: A number of builders are associated with Noida extension and they are providing a wide variety of housing options to the prospective buyers ranging from studio apartments to 4BHK apartments, individual floors to villas. So based on the requirements and budget, one can opt from this wide range of options.

 Green Belt: Being part of Greater Noida planning, noida extension is planned to have 22% green area.

Clear Legal Formalities: With all the bad phase gone, Noida extension is now free of all the legal hurdles.

“It is high time to book your house or go for investment in Noida Extension. The deal will churn out 100 percent profit once the possessions of Noida Extension housing is cleared. In the coming four to five years, prices will go sky-high after which there might be saturation.”

The investors who had invested almost 2 years back in this area are already getting more than 100% of price rise in this area, even when the construction of all the projects is still underway.

For more information - read this news from TOI - 
Dwarka E-way, Noida Extension amongst the areas to give top returns