My husband and I both work in Noida and are planning to buy a property in this city by next year. We had two major concerns: the budget and is it right time to buy property in Noida, and we learned it is. Well, in 2024, Noida has seen rapid growth in the real estate market, and the demand for properties has also increased considerably, especially in some areas of the city.
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Is it a Good Time to Buy Property in Noida?
Yes, it is a good time to buy a property in Noida. Noida is located in the NCR region and has become home to several IT hubs, industries, and manufacturing companies. As a result of this, people are flocking to this city in great numbers every year, thereby increasing the demand for properties. Thus the evolving residential and commercial landscapes are boosting the economy and real estate market, so investing in properties here will surely give you a good ROI in the future. Noida has witnessed a huge price increase, with property rates rising by 152% from Rs 5,910 per sq ft in 2019 to Rs 14,946 per sq ft in September 2024.
But yes, before investing, you must consider some factors like:
Check the property rates and trends in the area where you are planning to invest and make sure the rates are increasing each year and not decreasing.
Make sure the area suits you. If you are planning to move with family, you better look for apartments in the societies.
Make sure the properties where you are planning to invest abide by the legal norms and are construed by a reputed builder to be on the safer side.
Look into upcoming projects like expressways, malls, and IT hubs, which can significantly boost property value.
Last and most importantly, make sure to verify property documents, RERA registration, and loan eligibility to avoid future complications.
Some of the areas where you can invest are Sectors 150, 128, 78, 62, 79, 144, 137, and others. This information should be enough for you to understand: is it right time to buy property in Noida or not?
Check out List of New Properties Available for Sale without Brokerage Fee in Noida on NoBrokerRead More:
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Is it Right Time to Buy Property in Noida?
Mona
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6 months
2024-11-25T08:49:40+00:00 2024-11-25T08:49:40+00:00Comment
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