The real estate market of the National Capital Region is changing a lot these days and the investment in land is coming back with a full force. No matter if’ you are an experienced investor or a novice, plots in Noida, plots in Noida Extension, and plots in Greater Noida are three of the’ best real estate opportunities in today's world. Let's have a look at the best localities that are expected to see substantial growth in the near future.
Noida, Established Yet Still Growing
Noida is still grabbing the attention of plot buyers because of the great infrastructure, metro connection, and closeness to Delhi. Areas close to the Noida-Greater Noida Expressway, especially Sector 150 and Sector 137, are witnessing quite a large inflow of investors who value the area's tendency to price rise over the long run. The consistent increase in residential plot demand here is in conjunction with the expansion of IT hubs and commercial zones.
Noida Extension, The Affordable Growth
Corridor
The Plots in the area known as Noida Extension or Greater Noida West are gaining popularity among the buyers as well as investors. The plots available in the sectors such as Sector 1, Sector 4, and Sector 16B offer low prices with rapid development of the social infrastructure like schools, hospitals, and shopping complexes. With the planned expansion of the metro rail project, the cost of real estate in this area is going to rise greatly in the upcoming years.
Greater Noida - Ideal Living
Buyers interested in wide roads, green spaces and authorized plots should opt for plots in Greater Noida. The areas in the Swarn Nagri, Omega and Yamuna Expressway Corridor are being sought after owing to the planned construction of institutions and industries.
Frequently Asked Questions:
Q1: Which upcoming areas offer the highest appreciation potential for residential plots right now?
Ans: The areas with highest appreciation for plots will be along Yamuna Expressway – Sectors 17, 18, 20 and 22D. The other area will be along Noida-Greater Noida Expressway with sectors 150 and 151. With Jewar Airport coming up, Film City already operational and multiple data centers being developed along Yamuna Expressway, these locations will fetch highest returns. For buyers in the mid-range, the appreciation in Sectors 10 and 12 of Greater Noida West (Noida Extension) will be huge and buyers can look to earn good value in the coming times.
Q2: What is the difference between Authority plots and Freehold plots in these regions, and which is safer?
Ans:
Ø Authority Plots: These are plots of land that are leased by local authorities such as Noida Authority, GNIDA (Greater Noida Industrial Development Authority), or YEIDA (Yamuna Expressway Industrial Development Authority) on a lease for a period of 90 years. The plots have planned smart infrastructure such as roads, power supply, drainage, water supply, and other civic amenities, in addition to clear legal titles to the land.
Ø Freehold/Private Plots: These are private owned plots of land held by individuals or developers. Most of freehold plots are located in village peripheries or unauthorized and often developed colonies, i.e. unorganized land.
Safety Tip: Authority plots are safer to invest in as compared to freehold plots as the latter requires one to go through great lengths of legal due diligence to confirm whether the land one is purchasing is not intended for government acquisition or is not an agricultural land which falls under the agricultural land ceiling.
Q3: How is the Noida International Airport at Jewar affecting land prices in Greater Noida and Noida Extension?
Ans: The Noida International Airport at Jewar is the main economic activity driving growth in the region and areas along the Yamuna Expressway, within a 15-20km radius, have seen price appreciation of 20% to 40%+ in the last couple of years. The Expressway is the main growth trigger but has created a ripple effect on property values in Noida Extension and Greater Noida in general as the region is now attracting high earning professionals from the tech industry ensuring a resurgent secondary / resale and rental market in the short to medium term.
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