Property prices in metros change almost everyday. In Delhi-NCR, for instance, the costs of premium projects have all but gone out of reach of ordinary middle class people. But where there is a problem, a solution cannot be far behind. People dreaming of a home they can call their own are now opting for projects in smaller cities. Regions such as Greater Noida are emerging to be the new realty investment destinations for locational and other advantages.
This satellite town is located about 18 kms from Noida and an equal distance from Delhi. The proximity to Noida which is the commercial and IT hub of Northern India makes Greater Noida all the more in demand.
The area is also witness to a lot of developmental activities from both government and private initiatives. Quite a few developers from NCR have launched several affordable projects in the city.
And, how can one forget the cost advantage? The prices being charged for real estate in Greater Noida are more affordable than for other areas in Delhi/NCR.
Earlier the traffic near Badarpur Border was a damper while driving from Delhi to Greater Noida, but no longer so. The traffic has been eased with the opening of the Badarpur flyover; this flyover incidentally has been designed and put together by Hindustan Constructions Co Ltd (HCC). The development of the six lane Yamuna Expressway near Sector 80 Noida has also added significantly to the valuation of the area.
And then there is a look into the future. A Formula One grand prix circuit is being built in Greater Noida. This would mean great opportunities for the area as a whole as well as its residents.
No comments:
Post a Comment