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Greater Noida Properties – Things to Consider

Greater Noida Properties – Things to Consider

Noida Expressway flat for saleWhile Greater Noida, Uttar Pradesh, India, has a good mix of properties that are under construction and ready-to-move-in, if you are interested in Noida properties, you should factor in how your unsold inventory will influence future price change.

On the background of the dejection in the real estate market, due to poor sales and high degree of unsold inventory, Greater Noida keeps outshining other markets in the National Capital Region (NCR). The Greater Noida market, which is in the vicinity of east Delhi and Noida, is primarily separated into two regions – areas close to Noida and the inner sectors adjacent to Dadri and Ghaziabad.

What Makes Greater Noida a Desired Market?

Various Options

Greater Noida is full of established as well as upcoming sectors. The whole region beyond the Noida-Greater Noida Expressway, beyond Pari Chowk, provides ready-to-move-in properties of various configurations. Ahead of Pari Chowk, the city is again divided into commercial and residential sectors, like Alpha, Beta, Gamma, Pi, Delta, Eta, Chi-Phi, Mu, Sigma, Omega, RHO, Zeta and Omicron. The other regions comprise of the Yamuna Expressway and Greater Noida West which is popularly called Noida Extension.

Apart from fully-established regions, there are many others here that provide under-construction and upcoming properties. There are about three lakh under-construction Noida Extension property types. Even Yamuna Expressway is having numerous projects from famous builders. So, you can get a Noida Expressway flat for sale if you’re interested.

Price Advantage

The price range of Greater Noida west property is of Rs. 2,800-4,500 per sq. ft. with the higher side of the range comprising of sectors with properties that well-established. So, while the cost of a two-bedroom Alpha Sector apartment may be between Rs. 3,600 and Rs. 4,000 per sq. ft., flats in the new sectors may cost between Rs. 2,900 and 3,200 per sq. ft.

The cost of under construction real estates along the Yamuna Expressway is between Rs. 2,800 and 3,200 per sq. ft. Nevertheless, the overall real estate price throughout Greater Noida is less than the Delhi, Gurgaon and Noida property rates.


Project Delays

According to industry estimates, Greater Noida has gone through an average delay of about 35 months.

What Should You Do?

Builders in the region have focused on completion of projects in new regions. There were many launches in the mid-range segment in the last quarter (January to March). If you are looking for quick possession, you should look for established sectors where homes on resale are available on a small premium. If you are looking for investing at lower rates, you can look for under-construction projects.

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