Is it the best time to take the plunge in Noida?

Is it the best time to take the plunge in Noida?

Sunday, May 24, 2015

So you are planning to buy a house or just make an investment in Noida but still pondering if it is the right time to invest. The answer is ‘YES’, this is the right time to invest. Industry players and property experts propose Noida as the best place to invest in recent times. Noida is a city that came into survival four decades back and has advanced at a matchless pace in terms of infrastructure development and is the most sought after destination in the NCR region.

There have been many recent developments in Noida such as extension of the metro line, construction of traffic parks, improved water and power supply, construction of new expressways, plans to develop cycle tracks, renovation of existing parks and much more. Noida is on the road to becoming the next world-class city and is considered to be hotspot destination for commercial and residential properties with a planned infrastructure. This entire buzz has attracted many corporate players to set up their offices in Noida and many more are in pipeline.

According to industry experts this is indeed the prime time to take the plunge into the market of Noida realty as the prices are steady. Though they are not increasing at a rapid pace but they are also not breaking down. In comparison to the last year when the real estate industry had almost run-down there has been an increase in the new launches. The real estate market is gradually gearing up and reviving with flow of funds to the sector by allowing foreign direct investment. Growth forecasts by World Bank and IMF are also playing a good role in this fast recovery of the real estate market. According to property gurus there is feel good factor in the real estate market of Noida and they sense that an investment in this city is sure to bring certify good returns in the days to come.

Noida over the years has proven to position itself as a residential and commercial hub and is expected to grow more rapidly down the line. Locations such as Sector – 79, Sector – 32, Sector 25A, Sector – 18, Noida Expressway, Sector – 150, promise a golden future for the city. Noida Expressway is a favorite hotspot among major realty giants and several new projects are budding up along this corridor. Overall Noida is a burgeoning metropolitan satellite city neighboring the capital, and has taken hopeful strides to surpass its peers in NCR.

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