Do you wish to invest in flats in Noida? If yes, then you should take a closer look at the wide range of property choices available for end-users these days. Noida is one of the most sought-after property markets in the country and there are several projects coming up in the city and its outskirts, helmed by reputed real estate brands and developers. Here are some tips that will help you fulfill your dream to buy flat in Noida.
Buying Property in Noida- Some Vital Aspects to Consider
Before you invest in a 2 BHK flat in Noida or even a 3 BHK flat in Noida, here are some things that you should consider.
- Noida is an attractive market for new homeowners on a flat hunt, because it is an emerging market. Noida is developing quickly and its proximity to two major cities, Lucknow and Delhi make it a prime location for urban development. Sector 62 is growing as a major commercial hub in the country, offering the promise of increased employment opportunities in proximity.
- Noida also enjoys excellent connectivity to other major cities in the NCR region such as Delhi and Gurgaon, via services such as the Metro and expressways. Commuters also gain access to nearby cities through Delhi’s fabled DTC bus service. Making it an ideal city for commuters.
- Noida is an excellent investment opportunity for buyers who seek to hold the property for the long term. It is advisable to invest in property by reputed builders like Tata Housing in areas that are seeing a lot of commercial and residential development. Such properties are bound to see a lot of appreciation in terms of value over the long term. For instance, the average rate in Sector 150 was Rs. 6,500-7,000 per square foot in 2021 and has nearly doubled as of 2024 to Rs. 13,000 per square foot. (Source - https://bit.ly/3TkMzLP)
- Speaking of Sector 150, the region has emerged as a major attraction for mainstream real estate developers and builders owing to its availability of land and intensified commercial growth in recent years. RERA commercial projects such as a golf course and shopping centres are demonstrating increased scope for property seekers, incentivizing investment in the areas. Eureka Park by Tata Housing’s offers smart homes in 2 and 3BHK options at attractive prices along with luxurious amenities such as a clubhouse, mini-theater, pool table and a Kids’ play area.
- Noida presents the risk of real estate scams and illegal properties. It is important to consider these aspects before purchasing property in the city. Perform your due diligence thoroughly and get professional help to verify that the builder has obtained approvals and the title legally before investing. Developers like Tata Housing offer options that are legally secure and pose no such risks.
It is also important to look at the overall cost of buying the property. Along with the price, you should factor in the registration and stamp duty costs along with charges for parking, floor rise charges, amenities and other facilities, membership fees for societies and maintenance (if applicable), and so on. This will help you make a more informed decision regarding your property purchase.
Disclaimer: The contents of this blog are provided by a third-party vendor on behalf of Tata Housing. All rights, including copyright, to the content within this blog remain the sole property of Tata Housing. The information and opinions expressed in the blog posts are those of the third-party vendor and do not necessarily reflect the views or opinions of Tata Housing. While, we strive for accuracy and quality, we do not guarantee the completeness, accuracy, or reliability of the information presented in these blog posts. Readers are encouraged to consult additional sources and exercise their own judgment when interpreting or implementing any information found in this blog. Tata Housing is not responsible for any actions taken based on the information provided in these blog posts, and we disclaim any liability for errors, omissions, or consequences arising from the use of this content.
