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Noida and Greater Noida if you want to settle down, then you will have to spend more than before. The reason for this is the cost of land and houses in Greater Noida and Yamuna Authority area. While the Yamuna Authority increased the price of the property by 10% to 110%, the property rates have increased by five percent.
However, despite this, the people of Delhi-NCR are giving priority to buy a house here. In such a situation, we tried to know from real estate experts about what is the reason for this.
Why Noida-Greater Noida priority
Regarding this, the development of infrastructure in the district and global investment in the district has become an alternative to luxury destination, which can give a better budget home than other cities of the country, “due to the sale of selected plots, the location like Noida has become an alternative to the location of Luxury Destination in the country. The average price of the unit is going on above 3 crores. So the entry of high net worth and NRI buyers is also being done in Noida, where projects of their choice are being developed.
Stretch towards premium property
However, in this regard, Secretary from Western UP, Dinesh Gupta says, Noida has gone to the luxury segment due to its location and concentration, where now only premium property is being launched by the country’s famous Girami promoters. Whether it is Central Noida or Noida Expressway, limited land and prime Lokshan, unit sizes are large and are getting at their highest rates.
He further said that but in Noida there is a certain class of householders who would not want to compromise with their choice and class. In such a situation, a large section of home buyers can go towards other options including Greater Noida, Yamuna Expressway and Ghaziabad where the property is in their budget.
Also read: How Greater Noida emerging as the biggest micro market of real estate? Experts told
