Noida is the most analytically planned city in Delhi NCR, where both residential and commercial property developments are going hand-in-hand to make the city advanced. With the times to come, Noida's Real Estate Segment will be bulging with immense opportunities. One of the most important reasons behind it is the continuous migration of home buyers from Delhi to Noida and Greater Noida.
So if you are thinking of investing in a property in Noida or Greater Noida, it is definitely a great idea. Because living in Noida will be a rewarding experience in the near future with immense job opportunities, convention centers, and some of the exclusive upcoming projects in the area.
Factors to keep in mind before investing in the Real Estate Properties of Noida and Greater Noida
Before investing, you must always check for the CRISIL rating. The higher the ratings are, the better the facilities and amenities of the property will be.
The Cost of Borrowing Loan
Always check the home loan interest rates available and opt for the best deal indeed.
It is always better to opt for the ready-to-move-in option which has location advantage and is near all basic amenities like offices, markets, schools and hospitals.
Reasons that will help you being sure about your decision
Noida is running high on its stream with Delhi Metro's Magenta line connecting South Delhi to Noida. The time taken these days to commute between the two destinations has come down from 1 hour to 16 minutes. A few of the other reasons that can influence your decision of buying residential or commercial property in Noida are:
Reasonably Lower Price
Due to several factors like demonetization, execution of RERA and GST, Real Estate in Noida has witnessed a noticeable slowdown. The number of unsold units have shot up and investors are still struggling to cope up with the new real estate policies. So amazing properties are on offer at reasonably lower price brackets.
Easy Property Registration Process
Earlier, registering property in Noida was a big challenge. But with Real Estate Regulations Act executed pan India, Noida Real Estate Regulatory Authority has also implemented new policies and regulatory laws for a quick and simplified property registration process.
Growing Real Estate Infrastructure
The Real Estate Infrastructure of Noida is growing by leaps and bounds, be it Metro Projects, New Residential & Commercial Properties or Roads & Expressways for seamless connectivity.
RERA Ensuring Transparency
To secure the rights of property buyers against builder corruptions, the government implemented the Real Estate Regulations Act in May 2017. The Uttar Pradesh Real Estate Regulatory Authority implemented this law to protect the home buyers and boost investment in the real estate industry, adding transparency in the entire investment process. Due to this law, the customers and investors can cross check on the builders by checking beforehand, if the builder or developer is already registered with the authority or not.
Return on Investment (ROI)
Being one of the most lucrative destinations for investment, Noida and Greater Noida Real Estate offers remarkable ROI compared to the investment in any other region of Delhi NCR. Projects like Purvanchal Royal City are presenting buyers with not just great ROI but also an exemplary lifestyle. But in a few years the difference is surely to decrease sharply as the price of real estate will witness a major hike, with the planned infrastructure and Government efforts. This is why, it is the most appropriate time to invest in the properties of Noida and Greater Noida.