Why to invest in Greater Noida West?
1. Proximity to Noida and Greater Noida:
Greater Noida West is located close to Delhi (around 30 km). Many sectors of Noida, close to Hindon river are adjacent to Greater Noida, and can be easily reached through the Noida-Greater Noida Link road. Greater Noida West is at 9 km from Ghaziabad and 37 km from Faridabad.
2. Excellent Connectivity:
Good connectivity through important roads Noida-Greater Noida Link road, DND Expressway, Yamuna Expressway, NH-24, NH-91, Dadri Road and proposed Greater Noida-Ghaziabad link road. Proposed Noida metro expansion will provide better connectivity to Greater Noida West.
3. Affordable real estate:
Greater Noida West offers many affordable housing options in the price range of Rs 20 lakh to 50 lakh.
4. Very good physical infrastructure though social infrastructure is catching up:
The area is likely to have a great infrastructure as it is undergoing a well-planned development. The roads are under construction and in some pockets, it is still in planning stage. As of now, the area is not good for living; one has to wait for at least five more years to see proper infrastructure and facilities. Reputed educational institutes are coming up in Knowledge hub and Techzone-4.
5. Who can invest?
Greater Noida West is good for long-term investments, as it would take 3-4 years to be developed fully. It is good for investors and also end-users who prefer to live there after a longer time-horizon. Once it is ready, there will be definite returns for the investments.
6. Price:
The residential segment of Greater Noida West mostly comprises of multi-storey apartments and group housing projects with affordable prices that fits in all kinds of pockets. The approximate price range of apartments is around Rs 30 lakh to Rs 50 lakh. Now is the right time to invest in Greater Noida West or Noida Extension as the prices are low. In the next few quarters, the prices are expected to rise significantly.
7. What kind of projects are offered?
The projects in Greater Noida West include residential projects, office spaces and commercial projects by many reputed developers such as Amrapali, Ajnara, Eros Group, Gaur, Supertech, Patel Group, etc. Multi-storey apartments and group housing projects can be seen on large.
8. Possession:
Most of the real estate projects in Greater Noida are expected to be completed by 2016. But development of roads and providing basic amenities/facilities such as water, sewage network, etc would take few more years. Roughly, the region would be livable by around 2-3 years.
9. Future prospects:
After clearing the litigations, the area seems more promising for realty investments. Besides this, catching up social infrastructure and affordable price factor compared to other suburbs of the NCR are the key factors that have been luring both investors and end-users to this region. At least around 15 to 25 percent hike is expected every year over the properties in Greater Noida West. It is a good destination for long-term investments.
