In the past few decades, India has witnessed the growth of many smart cities. In North India, there is Greater Noida which is located near the capital city New Delhi and is a part of the National Capital Region. Greater Noida was developed as a part of the initiative taken by the Government of India to develop the areas around the capital city. To cope up with the infrastructural needs of the growing population of Delhi, the government decided to develop the areas of Noida, Greater Noida and Gurgaon.
As per the 2011 census the population of Grater Noida was just close to a lakh. But it is slowly increasing. There are many commercial and residential complexes developed by real estate developers in this city. People who cannot afford to stay in cities like New Delhi or Gurgaon look forward to Greater Noida as the most viable option. Good connectivity through roads and metro makes it possible for people in Greater Noida to travel to and fro for work in New Delhi and Gurgaon.
The Indian government recently took some big steps like demonetization, GST and RERA which impacted the real estate sector. The real estate market is almost dead with many unsold inventories in big cities like Delhi, Mumbai, Bangalore, Greater Noida etc. But things are slowly expected to change in the future. Emerging cities like Navi Mumbai, Greater Noida, Thane etc. will expand very fast in the future. They are well planned cities with massive Green cover and infrastructure.
Godrej Properties, Unitech, Omaxe, Amrapali Group, Parsvnath are some of the prominent builders in Greater Noida. All these players are well established in the real estate market of India. They have successful launched different residential and commercial projects in other cities of India. So buyers have become more confident about them as they can be able to provide the best price, location and can meet the deadline of the project. Investing in their projects will ensure higher returns in the future.
Builders get massive amount of land at cheaper rates in cities like Greater Noida. This gives them the opportunity to provide bigger flats and better amenities. People like to experience living in societies where there are lots of amenities like swimming pool, jogging track, club house, garden and playing area for children, Gymnasium, car parking etc. Builders in Mumbai, Delhi, Bangalore etc. cannot afford to provide all this facilities as it will be very costly for them. But builders in Greater Noida can afford to provide it. It is a good value proposition which is offered by the builder to the buyers. Also the presence of malls, hospitals, schools and colleges providing better education can make the living experience more enjoyable in this part of the world.
Some builders are providing good financial assistance to the buyers like no EMI’s till possession, Booking with minimum amount, 2-3 years assured rentals etc. In addition to it, Indian government has also launched their scheme –Pradhan Mantri Awaz Yojana through which the buyers who have a single property and who fall under a particular income bracket are eligible for subsidy. This scheme is only in fewer townships like Grater Noida.
All the above factors makes Grater Noida a good investment option.
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