Over the last few years, Noida has been one of the most sought-after places for prospective house purchasers. Affordable housing alternatives in Noida, Noida Extension, Greater Noida, and Yamuna Expressway draw homebuyers from the National Capital Region. In many ways, Noida has established itself as a more appealing alternative to Gurgaon. Noida and the areas around it have lower average prices than Gurgaon. While the average price in good Gurgaon locales is around Rs 10,000–12,000 per square feet, the average price in Noida is less than Rs 4,000–5,000 per square feet. While Gurgaon is linked with high-end flats, Noida has become a popular destination for potential house buyers from all socioeconomic backgrounds. So, if you’re one of those people looking to buy property in new residential projects in Noida or Greater Noida before you start looking for New projects in Noida, there are a few things you should consider.
Factors to Consider before Buying a Property in New Projects in Noida
1. Builder’s Reputation
A builder’s reputation is significant in today’s real estate market. The first thing every homebuyer considers before embarking on the trip to their dream home. If you are an end-user looking to buy new upcoming projects in Noida, consider examining the builder’s reputation before making a decision. Choose a quality brand to ensure the project is completed at all costs.
2. Location
The proximity to public transportation, schools, hospitals, shopping centres, sports fields, and other facilities are all critical factors in determining pricing for new construction projects in Noida. If you are considering investing in a new Noida project, a plot may be better than an apartment. A property can be purchased for the price of an apartment in areas such as the Yamuna Expressway. The Yamuna Expressway connects Greater Noida and Agra, and demand for plots in the area is increasing.
The expressway provides convenient access to Delhi, while the F1 circuit is a new addition. On the other hand, there is currently an ample supply of land plots along the highway, which may cause price appreciation to occur more gradually than was initially anticipated. Greater Noida properties have a more significant chance of rising in value rapidly than plots in other areas.
3. Infrastructure Quality
Regarding infrastructure, the Noida project and Greater Noida have an advantage over Gurgaon. The groundwater level in Noida is higher than in Gurgaon. There is less chance of a water crisis in Noida with new construction projects in Noida. In contrast to Gurgaon, where building projects are hampered by declining water levels and a court order banning groundwater use for building projects, construction projects in Noida are not subject to any such restrictions. Regarding accessing Delhi, Noida also has an advantage over Gurgaon’s connectivity. All of these factors contribute to Noida becoming a more alluring area to reside in for investors as well as end consumers.
4. Carpet Area and Apartment Size
Choose larger apartments with superior amenities and a desirable location. A good position and view and improved facilities such as larger common areas will provide a better return on your investment. All sectors along the Noida Expressway are likely to perform well, and rent demand is expected to rise. A 3BHK flat in Noida Expressway currently costs Rs 1500 and Rs 21,000 monthly rent. The most significant advantage in Noida is that supply has not yet outstripped demand, and capital values are expected to rise steadily. The size should be considered when buying new real estate projects in Noida.
5. Gated Security
You must ascertain the security status of the neighbourhood and premises in new upcoming projects in Noida.
Buying new real estate projects in Noida requires careful consideration of several important issues. A thorough evaluation is necessary, covering everything from location and amenities to the builder’s reputation and future potential. Weighing these factors can help you make a wise investment that fits your needs and financial objectives. Prospective buyers can confidently begin their search for new projects in Noida by visiting NoBroker.in and checking the best verified projects in the real estate market.
