Noida has emerged as a booming destination for home buyers from over last few years. The suburb regions of Noida like Greater Noida along with Yanuma Expressway and Noida Extension offers affordable alternative to middle income group of buyers. As compared to the other NCR Region like Gurgaon the average price in these regions are significantly low. As a result of this a large mass of people are attracted towards the region to invest or buy property. Here are five simple tips that can help you out to buy property here.
Plots or Apartments- this problem generally arises when you plan to buy a property. Generally people are so busy in their life that they prefer to buy apartments rather than plots. But for buyers who want to invest on property and desire to live in a private area prefer to buy plots. Though buyers generally get confused between buying apartments or investing in plots, you can get some best housing projects in Noida Extension.
Search for Right Developer or Builder – Along with buyers developers too are attracted towards the suburb region of Noida like Noida Extension, Yamuna Expressway and Greater Noida. Many builders have launched numerous new group housing projects in Noida Extension. Builders who are launching their projects for first time are prone to implementation delay. It is wiser for buyer to give little payment and go with branded and recognized developer who will make sure the implementation of the project even though it may still get overdue.
Project Specification- Before buying any property it is crucial for buyers to check on the specification. Small may not always be beautiful and large open space has become a necessity in large buildings. A buyer should go for project that is adjoining a public park or has a bigger common area. With time, the projects with larger area ventures with better facilities command a larger premium.
Absorption- Many region in Noida Extension and Yamuna Expressway have huge stocks and absorption could continue to slow down. Homes in areas with low absorption rates costs less and are suitable for long term investors who have the time frame of 5-10 years. Keeping long terms return in mind it is suitable for buyers to invest in these properties. There are many top housing projects in Noida Extension that offers great return on investment for long run.
Geographical Factor- Noida has better accessibility to Delhi as compared to Gurgaon and is developed in a well planned way. Geographically Noida has high water table but both Noida and Gurgaon falls in the seismic zone 4 where the risk of earthquake is pretty high.
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