Buying Flats in Noida will give good return in the future as Noida is one of the most prominent property destinations for the home buyer because of its location and fast development. Residential flats in Noida offered by several top real estate developers of Delhi/NCR which have world-class amenities and facilities. Noida is called electronic city because thousands of IT multi-national companies (MNCs) like IBM, TCS, HCL, KPMG, ORACLE etc. have their offices here. It most revenue generating city of Uttar Pradesh.
Type of Flats
Plenty of property options are available in the Noida which includes residential apartments, flats, luxury villas and commercial shops, retail space and office space. Flats in Noida available at different sizes and shapes. Residential apartments of 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK are available in several projects. In the affordable segment, only 1 BHK and 2 BHK flats and in luxury segment 2 BHK, 3 BHK, 4 BHK, 5 BHK, Villas with attractive features are available for buying. The sizes of flats are starting from 500 sq.ft. to 6000 sq. ft. In Noida, two types of residential projects are developed high-rise and low-rise, for high-rise number of floors in one tower can be from 14 to 25 and for low-rise floors can be from G+2.
Noida is the most preferred location for who want to buy flats or apartments because of its location. It well connected with national capital Delhi, manufacturing hub Ghaziabad and new amazing smart city Greater Noida, Gurgaon, Faridabad. All these cities are connected with expressway and highways. Like Noida Expressway connects Noida and Greater Noida. DND (Delhi-Noida-Direct) connects Delhi to Noida, it takes only a few minutes to reach Delhi via DND. With FNG (Faridabad-Noida-Ghaziabad), reaching Faridabad from Ghaziabad become easier and it passes through Noida as well.
Apart from having expressway and highway connectivity Noida also has fast developing Metro rail as well which is not less than a boon for residents of Noida. Traffic jam is one of the major problems which affects everyone and at peak hours it becomes worse but with metro, people can travel one place to other without facing any traffic jam situation. It gives huge relief to the peoples which have their flats in Noida.
Development of metro is at a fast pace in both Noida and Greater Noida. Till now only Blue line metro is operational which connects Dwarika (Delhi) to Noida City Center. But construction is already started on several other routes as well. Like construction work is already completed on the route which will connect Noida City Center to Sector 62, it will be operational very soon.
Construction is the fast pace at three other routes, first one will connect Noida Sector 50 to Greater Noida Knowledge Park IV, the Second one will connect Noida Sector 72 to Sector Delta 1 of Greater Noida, and the third one will connect Sector 94, Noida to Sector 143, Noida. So in just a few years, Metro is going to become the lifeline of Noida and it will make life very easy for peoples which already purchased or planning to buy flats in Noida. Get more details about the metro network from here.
Price of Flats in Noida
Price of any property like flats/apartments, villas, shops, retail space or office space depends on several factors like amenities and features of the project, the reputation of the developer, specific location of the project, circle rate of that area, surrounding developments. Since Noida is already well-developed city to rates of flats in Noida is higher than Noida Extension or Greater Noida. But rates of apartments in Noida is still very less than the Delhi and Gurgaon.
They’re the two types of residential projects in Noida affordable and luxury. Price of 2 BHK affordable apartment starts from approx. 45 Lacs and price of 2 BHK luxury apartment start from approx. 70 lacs.
Prominent Locations in Noida
Noida is already a developed city and one of the most prominent commercial hub of India. But there are a few areas where real estate development is going on and both residential & commercial projects are under construction. These locations can be a perfect choice for buying flats in Noida.
Sector 71 – 79, Noida: Real estate development in Sector 71, 72, 73, 74, 75, 76, 77, 78 and 79 is started in around 2010 and still going. In these locations, you can find several commercial and residential project which are the best fit for investment and personal use. Many projects are already delivered and peoples start living but many inventories are still unsold.