Well it is due to the scarcity of developable land at affordable prices in the main city of Delhi, the real estate activity shifted to the peripheral locations of Gurgaon, Noida and ghaziabad. Gurgaon saw fast growth because of the IT and iTEs companies while Noida and Ghaziabad saw fairely planned and comparetively slower development.
Yea Noida and Greater Noida and the stretch along the Noida-Greater Noida Expressway has more launches of residential projects, from affordable to mid-segment to luxurious projects, all of which come with high technology and world-class facilities as well as the presence of reputed schools like DPS,Ryan, Shri ram , lotus valley ect and colleges as wll as world class hotels and other basic infrastructural facilities in the area.
Hi, Noida, greater noida, yamuna expressway,parts of ghaziabad like the raj nagar and raj nagar extensions have all the modern facilities and the residential places comming up are in a planner urban set up. This is being seen as sure shot investment areas..
Real estate in long term is quite rewarding. also the real estate sector remains fairely stable inspite of volatile economic conditions and are considered less risky.