Comparing The Top Real-Estate Investment Destinations Bhiwadi, Noida Expressway & Noida Extension (Greater Noida West)

Ongoing rapid urbanization is increasingly gravitating towards urban areas ensuing in an increase in the number of people living in towns and cities leading to the growth of the urban population and the extent of urban areas. These changes in population lead to other changes in land use, economic activity and culture and other factors causing a host of problems such as a lack of jobs, homelessness and expanding squatter settlements, inadequate services and infrastructure, poor health and educational services and sky-high property prices and more. All these problems are further having a roll-out effect causing real-estate investors and end users migrate to emerging residential real-estate markets. As a result, non-metros are coming into focus as per the Hindu news article reports by 2030, as an estimate India will have 104 Tier-II, 331Tier-III and IV cities, whereas the number of Tier-I cities would be only 155. Tier-II and Tier-III cities have been named as “new cities in the making.”

Availability of large land parcels, increased demand for affordable and quality housing, development of smart cities, fast urban infrastructure development, rapid economic growth, the Housing for All scheme by the central government are a few reasons why real-estate developers and buyers have shifted their focus to Tier-II and Tier-III cities. Bhiwadi, Noida Expressway and Noida Extension are three such emerging real-estate hot destinations in the NCR (National Capital Region). The factors that have contributed to make these three cities to be preferred hot destinations in the NCR for real-estate investors:

Bhiwadi is located just 40 km from Gurgaon; it is witnessing a shift from its erstwhile image as a mere industrial area to a destination with full-fledged real estate viability. Being a part of the Delhi-Mumbai Industrial Corridor (DMIC), Bhiwadi is now an acknowledged a great choice for potential real-estate investors.  Due to the relatively cost-effective land prices, growing housing demand and excellent connectivity afforded by the Delhi-Jaipur National highway (NH-8) Bhiwadi has attracted the attention of various reputed developers primarily offering affordable housing projects, with only a scattering of luxury projects.
Noida Expressway is one of the celebrated real estate hotspots which masses prefer for its significant advantages like the steady infrastructure of the location in addition to the connectivity to Delhi Metro is another reason why attracting majority of people to invest there. The polluted environment of Delhi is another reason for which people prefer to live in Noida in order to avoid the presence of noisy and toxic surroundings. Ranging from lower to higher prices, it offers luxurious apartments for both middle-class as well higher-class segments. Whether you are considering the location for commercial purposes or residential, Noida expressway is an emerging property destination for all the residents located near Delhi, Noida, Greater Noida, and Ghaziabad.
Noida Extension offers plenty of scope in the affordable housing segment. It is a well-planned residential hub giving the residents a range of infrastructure needed for a comfortable living The majority of apartments in Noida Extension ranges from 700 sq.ft to 1500 sq.ft, compared to other regions in Noida, where average flat sizes range from 3000 sq.ft to 4500 sq.ft. When compared with the other key destinations on the NCR including Sohna (Gurugram), Yamuna Expressway, Greater Noida West, Ghaziabad, and Bhiwadi, Noida Extension is expensive and it provides with mixed housing developments.  Most of the constructions are very old. And new constructions are difficult to afford. Many Projects in Noida Extension is either in launching stage or under construction. 

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