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Area Watch: Noida Extension - A Haven for Techies and First-Home Buyers

Are you a techie or IT professional looking for the perfect place to call home? Look no further than Noida Extension, also known as Greater Noida West. This emerging real estate micro-market in the National...

Are you a techie or IT professional looking for the perfect place to call home? Look no further than Noida Extension, also known as Greater Noida West. This emerging real estate micro-market in the National Capital Region has become a top choice for young professionals and first-time buyers. Let's explore what makes Noida Extension the go-to destination for tech enthusiasts and savvy homebuyers.

Convenient Location and Amenities Galore

One of the main factors that draw techies to Noida Extension is its proximity to IT hubs and manufacturing units. The area is strategically located near the Noida-Greater Noida Expressway, offering easy access to workplaces and commercial centers. This convenience has made Noida Extension an ideal residential choice for IT professionals.

But it's not just about work. Noida Extension boasts a thriving community with a wide range of amenities. From malls to high street markets, you'll find everything you need within reach. Imagine having your favorite restaurants, shopping centers, and entertainment options just a stone's throw away from your doorstep.

Affordability and Opportunity

Another advantage of choosing Noida Extension is its affordability. Compared to other parts of the National Capital Region (NCR), this micro-market offers relatively affordable housing options. The middle class and first-time buyers have been flocking to Noida Extension, attracted by the competitive pricing and value for money.

"A 2BHK unit in a good society in sectors along the Noida-Greater Noida Expressway costs between Rs 80 lakh and Rs 90 lakh, while in Noida Extension you may get the same unit for Rs 55-70 lakh," said Priya Mishra, an IT professional who recently purchased a flat in the area. Such competitive pricing allows young professionals to realize their dreams of homeownership without breaking the bank.

Exciting Projects and Rising Property Values

Noida Extension has seen a surge in real estate projects, catering to the growing demand from techies and first-home buyers. With a range of two, three, and four-bedroom units available, there is something to suit every need and budget. Prominent projects include Heritage Skyward, Arihant One, Coco Country, Trident Embassy, and many more.

As a result of this development boom, property values in Noida Extension have steadily risen. According to Ashim Chowdhury, Vice President of Research at ANAROCK Group, prices have increased by almost 17 percent in the past year. The average price per square foot in Greater Noida West is now estimated to be Rs 5,400. This upward trend indicates a promising investment opportunity for those looking to buy property in the area.

Rental Demand on the Rise

It's not just homebuyers who are flocking to Noida Extension; rental demand has also seen a significant increase. With the return to office work post-pandemic, professionals are seeking comfortable and convenient rental options in this micro-market.

Rents for two-bedroom units range from Rs 10,000 to Rs 16,000 per month, while three-bedroom flats can be rented for Rs 17,000 to Rs 22,000. The area also offers one-bedroom suites that fetch good rental returns. The Saya Group and the Gaur Group have launched one-bedroom business suites, attracting investors looking for lucrative rental income.

Embracing the Future

While Noida Extension has a lot to offer, there are a few challenges that residents face. Traffic jams and the lack of regular public transport are among the main issues. However, plans for a proposed metro corridor between Noida Sector 51 and Ek Murti Chowk and the planned underpass near Shahberi Crossing are expected to alleviate these concerns.

The future looks bright for Noida Extension, with its growing popularity among techies and first-time buyers. This vibrant micro-market offers an affordable and convenient lifestyle for those seeking a perfect work-life balance. So why wait? Explore the opportunities that Noida Extension has to offer and make it your new home.

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