Previously known as Noida Extension, Greater Noida West is rising as the nerve center of affordable housing in the National Capital Region (NCR). Due to the high rate of immigration into the urban areas, the need for 1 BHK Flats for Sale in Greater Noida is on an all-time high record. Sensing the need for homes that can offer a comfortable lifestyle that is also within the reach of middle-class buyers, developers are increasingly coming up with affordable Real Estate projects in Greater Noida.
To get a better understanding of why this locality is becoming the hub of modern affordable homes and office spaces in NCR, let us answer the following questions:
What is the state of infrastructure development in Greater Noida West?
The locality is spread over a vast area and is very close to Noida Sector 121. Knowledge Park and Techzone IV are also easily accessible. This is the main reason why this location is gaining popularity as a hub of 1 BHK and 2 BHK Apartments for Sale and commercial properties in Global Business Square Greater Noida. The three main facets of a city’s infrastructure are- water, road and power, and all three of these are swiftly laid out by the municipal authorities of the region. The place is already connected to Delhi through Noida via the Noida-Greater Noida Expressway. More connectivity options are rapidly coming up in and around the location. The extension of Delhi metro to the far-off areas of Greater Noida will further improve the growth prospects of its localities.
What is the state of real estate activity in the micro-market?
More than 75 different developers have thronged the developable area of this micro-market. And the majority of these builders are offering 1 BHK Flats for Sale. Over the next 4-5 years, about 2.5 lakh residential units will be delivered that would house more than 10 Lakh people. The planned development of the city has resulted in an immaculate layout, wide roads and ample greenery for the city. Attracted by the healthy and peaceful living, buyers are highly interested in investing in the region.
What is the average price range of properties in the area?
As mentioned above, a larger fraction of properties in the region falls in the affordable housing bracket. It is difficult for an average buyer to afford a 2 BHK flat in the main city of Global Business Square Noida, but the prevailing rates for such projects in this region range between Rs 2,600 per sq ft and Rs 3,500 per sq ft.
How much value appreciation can be expected in the locality?
Those who invested in Real Estate for Sale in Greater Noida about 5-10 years ago say that the property values have appreciated by 15%. Some areas also experienced a value appreciation of 25%. Over the coming few years, the values are going to multiply manifolds. So, those who have put money on GBS Noida projects must stay invested.
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