G. Noida And Noida Extension – Best Place For Real Estate Investment
Noida has recently become one of the favorite destinations for residential real estate in the NCR region. There are several factors that together provide a solid justification for investment here, namely: good infrastructure, proximity to Delhi, the relatively low property taxes to name a few. It has always been the preferred destination of IT and ITES organizations and you will find several such companies in Sector 18, 60, 61,62,63, etc. It also gives you easy access to Faridabad, Gurgaon and South Delhi S. Therefore, it is clear that investment in property here will get solid results.
Let’s have a closer look at the investment situation here. Two prominent areas under rapid developments i.e. property at Noida Extension and G. Noida. So let’s see them in details:-
Flats in Noida Expressway – G high-rise offer options at a price of around 3000 – 5000 Rs per sft. Therefore, construction projects reasonably priced and everywhere is here. However, here is the breaking news! Most of the land in this area is actually the builder acquires agricultural land from farmers. It then seeks to convert the land to a business by various means. This process can take several months or more, depending on several factors. Prior to going with a builder, please make certain the builder has taken any formal authorization for the project. Many of the projects had lunch on the road in 2008 – 2009 are not yet even started for this reason. Do not just go by the features and services offered by the project. Knowing the status of the legal procedures of the project is their right, and should exercise.
Second, let’s take a look at the heart of Noida Extension entire residential development in NCR!
Properties in Noida Extension gives you the option of reasonably priced housing in the range 1800 – 2500 Rs per sft. All projects and at the date they are waiting for the legal authorization, or just the starting point of construction. If all goes well, then the projects will be nearing completion by 2015. Now here’s the catch! All reservations made on earth are in accordance with the rates prevailing today. Within five years, the cost of infrastructure construction will double. And it’s not a likely threat to the project becomes unviable. Well, that’s a worse scenario, but a pretty likely scenario. The need is therefore caution. It is recommended to check of the legal documentation and also to go with the builders of financial strength. Ask your bank if you give the builder loan pre? If the answer is yes, then there is sufficient evidence for you to believe that the project is financially sound.
Remember that being informed is their right, and the builder is gratified to serve with you the right details. And if not, then, my friend, he is not the best for you. Real estate investment is not only a very strong decision on cost, but also very risk-oriented. In a market that is very disorganized and governing the commission, it is usually very difficult to decide. More over there are many property developers in India whom you can depend without any fear.
Ritika Deshmukh is one of the Real Estate Adviser having more than 12 years of experience to discuss about residential properties in noida for everyone. There are now a days a large number of property at Noida Extension are running but civitech.in is the one of the best offering Real Estate Agent.
###
Processing your request, Please wait....
