5 Tips Before You Plan To Buy A House in Noida

Noida, since past few years is considered to be the most affluent and desired destination for home buyers. Much reasonable housing alternatives are being offered by Noida & Greater Noida, along with Yamuna Expressway & Noida Extension to the middle class buyers in NCR. The average price of the home in these regions are comparatively are much lesser than in Gurgaon which is considerably associated with high-end premier apartments.

Following are 5 valuable tips before you indulge yourself in hunting for house:

Apartment or Plot

1. Apartment v/s Plot - You can opt for a plot with the same price as of the apartment along the Yamuna expressway which connects Greater Noida with Agra with an advantageous wonderful connectivity and easy access from Delhi. But, due to oversupply of plots in this area, the appreciation of the capital works at a slow pace. You can book plots in the environs of the F1 track or in the upcoming integrated townships along the Expressway which come off as a lucrative deal.

Selection of right builder

2. Selection of Developer - Selecting a developer is a crucial decision and you should meticulously gauge the details before you make a decision. As projects undertaken by an unknown or first time builder might offer you a fairly reasonable price but are customarily prone to execution procrastination and might remain stuck for always. A buyer should preferably pay a little premium but go with renowned developers who ensure the execution of the project along with a tiny possibility of still getting delayed, said by Samir Jasuja, chief executive officer of PropEquity.

3. Project Specification - As the building goes taller, massive open spaces become an essential element and in this context hunt for abode which is strategically located in the close vicinity or is adjoining a park or such bigger common area.

4. Absorption - Areas like Yamuna Expressway and Noida Extension have plentiful inventories and absorption shall continue to slow down. Homes with low absorption rate are comparatively less expensive which would likely to be suitable and preferred by long term investors who have got a time frame of 5-10 years. Thus, you should preferably invest in such properties only if you are an end-user along with no plan for disposing off the property.

5. Do consider Geographical elements - Noida & Greater Noida have a relatively high level of water table in comparison to Gurgaon wherein ground water is not available. Furthermore, Noida has a great accessibility to Delhi unlike Gurgaon. In spite of all these, both Noida and Gurgaon fall in seismic zone 4 which is prone to earthquakes and the risk is anticipated to be pretty high.

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