Competitive property prices, robust infrastructure and new connectivity links are the major growth drivers that make Greater Noida West an emerging reality hotspot for affordable housing projects in NCR.
As property prices in Delhi and Gurgaon are soaring high the focus of the buyers is shifting towards Greater Noida West due to the affordable property rates, new metro connectivity and strategic infrastructure.
Let us delve deep into the factors that make Noida West a promising residential hotspot in NCR:
Excellent Connectivity: Greater Noida West enjoys excellent connectivity to Gurgaon, Ghaziabad and Delhi through well-structured roads and new connectivity links. Since connectivity was a major concern in Greater Noida West due to the lack of proper transport facility hence the new metro corridor will be a major boost for this city and the residents. This new Aqua metro line offers seamless connectivity to prominent localities of Greater Noida and Noida. Furthermore, the first five stations connecting Noida and Greater Noida West are expected to be completed by the year 2020 that will further improve the connectivity quotient of this area.
Civic infrastructure: Sprawling over an area of 9000 acres Greater Noida West boasts of well-planned civic infrastructure comprising of excellent roads, metro connectivity, water supply and power infrastructure. Wide smooth roads, zero red lights, dedicated areas for schools and industries, commercial spaces are what further makes it a promising residential hub in NCR. The area is further planned to have 22% green area, which is the highest in NCR so far. Furthermore, with knowledge park one side in Greater Noida West and on the other side, Formula 1 track on Yamuna Expressway has drawn a lot of attention of the investors.
Affordability: Affordability is another factor why home buyers should invest in Greater Noida West as the property rates here are far more relaxed compared to other cities like Ghaziabad, Gurgaon and Faridabad. Some of the prominent real estate developers are coming up with projects in Greater Noida West with modern-day facilities that are expected to be completed in the next 2-3 years. Buyers and end-users who are looking for properties in the affordable segment can surely come here as the area offers plethora of property options ranging from affordable to luxurious.
Commercial hub: The area is already witnessing commercial developments that are soon coming up in the area, the region has already started emerging as a lucrative commercial area with many small and medium enterprises setting their offices here. Furthermore, the proposed international airport on the Yamuna Expressway will act as a catalyst for the area.
With the proposed infrastructure and government initiatives, Greater Noida West holds the potential to offer a high ROI, especially if you are looking for long-term investments, as it would take 3-4 years to fully develop. This is probably the best time to grow your hard-earned money as with the increasing demand for properties the prices here are expected to further escalate in the next three to five years.