Tuesday 18th October 2016
Top 5 Affordable Places in NCR for Realty Investment
NCR is one of the most developed areas to live in India. These regions attract major developments and have a high growth potential, which is majority of the population either want to move in here or want to invest in here. However, the prices have been rising and it’s not easy to gather funds to buy a property in these regions. We’ve listed some areas where you can still invest with less than 50 lakhs in your hands. If you could arrange yourself this money now, you could earn huge profits in future. Let’s check out the best places for realty investment in NCR.
1) Greater Noida
The city of greater Noida falls under the Gautam Buddh Nagar district. It is currently ahead of Gurgaon as far as housing demand is concerned. It has been witnessing a lot of developments since its inception. Earlier, it had connectivity problem which is why it was less preferable by investors. However, now it connects to Delhi through metro and to Agra through six lane Yamuna Expressway. And Greater Noida is also getting its metro in city whose work is in progress right now.
Some of the affordable housing projects in Greater Noida are Ajnara Le Garden, Mahagun Mywoods Phase 3, Gaur City, Gaur Yamuna City, AVJ Heightss, Skytech Colours Avenue, Nirala Estate, Paramount Emotions, etc. If you are looking for a residential area with good infrastructure and affordable prices, such projects in greater Noida are a must visit. The average land prices here vary from 3,000-4,000 sq. ft. And low rentals give it a chance to low income group family to live a good society. In a nutshell, it is a nice, lush green place to live in, still affordable and open to developments.
The inauguration of Kundli-Manesar stretch of Kundli-Manesar-Palwal Expressway has put a lot of development opportunities in the kitty of Kundli. The presence of 5000 Cr Rajiv Gandhi Education City in Sonepat and 100 m wide road from IGI to Narela makes Kundli an even more investment friendly place. Metro stop, logistic park and textile park are some more proposals made to be a part of the place. Prominent developers like the TDI Group, Parsvnath Developers, Ansal Properties, Omaxe, Parker Group, Raheja Malls, Eldeco County, Anant Raj, Tulip Infrastructure, Collage Group, Eros Group, AjS Builders, Divine Group, Big Jos, Shree Vardhaman and Jindal Greens, all have their projects there. Even commercial properties in Kundli have undergone a hike of about 50% since last 3-4 years. Average land prices here fall in the range of 2,000-3,000 per sq. ft. and there is constant increase in these rates. With 30-40 lakhs in hand, you can easily live in a 3 bhk apartment.
With the ongoing developmental work in Ghaziabad, it is expected to be nearby or even ahead of Noida in near future. Metro line from Anand Vihar to Vaishali has already been executed. Metro lines reaching Ghaziabad from Dilshad Garden and Noida sector 62 will soon be in place. Moreover, metro will also run from Indrapuram to Link Road and from Vaishali to Mohan Nagar, curbing all the connectivity issues. An IT Industry is also in it’s infant stage. So, there is a lot in pipeline to come up in Ghaziabad, making it a desirable location to invest. Average price per sq. ft here ranges from 3000-5000. A recent project called Shree Sai Heritage in Lal Kuan gives you a beautiful 2 BHK apartment only for around 30 lakhs!
Sohna is connected to Gurgaon through Sohna Road and 45 minute distant from Huda City Centre. Sohna offers a good example of mixed-use development. Adequate provision has been made for residential, office and retail spaces. Some of the major developers who have presence in the locality are Tulip Group, Unitech, Ansal API and many more. Natural beauty along with institutes like Ryan, DPS, Pathways, GD Goenka University, and K.R. Mangalam International University makes this a nice, affordable area to live. The average residential property rates varies from Rupees 3000-4200/sqft Moreover, proximity to IGI Airport and Rajiv Chowk adds up to the features of this area.
Faridabad is the industrial hub of Haryana and is now, on its way to become one of the best residential hubs too. The fact that it is near to Delhi, Noida and Gurgaon, makes it an appealing destination for real estate investors. IT Industries are also finding their way into the NCR, further making the Real Estate Industry stronger. Gold Souk group is planning on investing 500 Cr in the residential real estate in Faridabad, uplifting the living standards here. Government investing in cluster development planning is also a major positive sign for the NCR. Average property rates here are 2500-3500 per sq. ft. All these features make Faridabad an amazing place to invest as well as to live!
So these were only some of the places that we mentioned has high potential. Investing and earning in real estate demands a lot of patience So do a good research by yourself too before investing.