In the last few years, Noida in the NCR has become one of the most preferred destinations for real estate investment in India. Both home buyers as well as property investors have had their eye out for profitable deals in the region. With the development of the Yamuna Expressway and the surrounding developing regions of Greater Noida, real estate in Noida is poised at a high peak. Good connectivity, quality infrastructure, green and clean atmosphere and development of commercial spaces has made real estate in Noida highly favorable. With prices lower than Gurgaon, many buyers are now moving their sights to homes in this locality.
But as with any financial dealings, real estate investment can be a risky affair. To ensure that you are not falling prey to any frauds, schemes or poor judgment calls, here is a checklist of tips to ensure a sound property investment in Noida.
1. Flat Or Bungalow Plot?
While a mid-sized flats in Noida sounds like a great deal, wouldn’t you want to live in a bigger home? Maybe give your family that bungalow you always promised? Well, in Noida, that dream could actually come true. Along the Yamuna Expressway, you can find bungalow plots priced the same as apartments. There are many available plots near the F1 track as well as flourishing townships that are affordable and won’t burn a hole in your pocket.
2. Possible Absorption?
Long term investors who have an overall timeframe of 5-10 years should consider buying home with low absorption. Since the inventory or property and plots along the Yamuna Expressway and in Noida Extension is rather high, absorption rates of home are likely to slow down. Hence, these spaces are ideal for long term investors or those who plan to be end users and do not intend to re-sell or dispose of the property within a few years.
3. What Are The Specifications?
Many home buyers and investors look for small complexes with lesser homes and larger spaces. However, this may sometime lead to a loss in premium at a later stage. Projects with bigger specifications however can command a better premium over time. These tend to be located closer to amenities such as parks and open spaces and will continue to grow rate-wise in the future. A 25 acre project and a 50 acre project will show a great deal of difference in premium margin in the future.
Keep these few factors in mind, and then you can’t go wrong with investment in real estate in Noida.