If you have been planning to buy your dream home for a long time, this might be the ideal time to decide. Real estate is the most sought after industry to invest and you can expect an outstanding return over the years. Thanks to the leading builders who are raining offers to allure for the potential home buyers with freebies like payment schemes, assured return, no EMI till possession, attractive discounts as early bird offer and more. According to a report, the overflow of unsold property in Noida is quite alarming and the sudden downfall of the property value is reflecting it broadly. Although this situation comes as a shock for the leading real estate companies but it goes in favour of the home buyers.
Delhi NCR is considered as one of the best markets for real estate investment as you can see many upcoming projects in Noida. This area has seen a rapid growth in terms of infrastructural developments that include roads, connectivity, transportation, and commercial projects to name a few. People who have migrated from other cities are now relocating to this area as they consider it as the most rising sector in Delhi NCR. The property price of this place is comparatively lower than Delhi and Gurgaon. It is another reason for people to choose Noida location over the capital and the new commercial hub, Gurgaon.
Demonetization is another concern for the builders as it directly hit the real estate sector. It also goes in favour of the home buyers who are willing to buy a residential property in Noida extension. So if you are getting an apartment within your budget it’s the right time to buy it. Considering the prime location and the commercial establishment in and around this area will definitely leave an impact on the price value of the property. You can expect a significant rise within a year so it’s better to invest on it now.
There are a few things that you need to consider before buying
- It’s very important to buy a property from a reputed and established builder. Check their prior works, planning, and history.
- The price value increases on the basis of locality and its infrastructural development. So always choose a project which is being constructed in a developed or rising area. You will get a better value for your investment in near future.
- Compare the prices of other projects in the same location. Check the facilities and amenities that you are getting and make sure that you get your parking lot for free.
- It’s better to go to the project site before you invest and once you get the possession verify everything carefully and confirm that you are getting exactly what the builder has promised you.
These above-mentioned tips will certainly help you choose the right project for investment.
Author: Sumit Sighania
Sumit Sighania is currently serving the position of a Sr Executive – Content Developer at a3solutions.in. His responsibilities include writing and editing real estate content for the website. His main interests are photography, travelling and food.