Buying a Property in Noida Expressway? Consider these Factors!

In last few years, Noida Expressway has become the real estate hub with numerous commercial and residential projects coming up. The reason behind this is very clear – civic infrastructure, proximity to Delhi and other important places – schools, colleges, hospitals and the cost of the property is comparatively low. Well, all these parameters favour living here, but there are various other factors that need to be considered before buying a property in Noida Expressway. 

  

Other things that one should look forward to is the financial stability of the builder, taxes paid, clearance certificate, CRISIL rating, etc. Also, check the reputation of the builder, talk with previous customers and take their feedbacks. In case the Noida expressway project you are thinking to invest in is the property of a new builder, then make sure to do a complete background check before finalizing.

Other important factors you must consider are:

Don’t Keep Expecting: If you are a type of person who goes by the news and keep waiting for the right time, then don’t just keep expecting the price cut. Property rates in the NCR do not fluctuate much, especially the upcoming property hub - Noida expressway. Many flats have already been sold at a very high price and the time is right now to invest.

Rate of Borrowing: The rate of interest for home loans is quite better these days and banks offer special discounts too. So, make sure you keep this factor in mind while looking for a property to buy. If you are looking for a greater Noida expressway project solely for investment purpose, make sure that you bear in mind its original value, the interest you will be paying and the cost likely to get in future.

Commercial or Domestic: If the sole purpose of buying a property in Noida expressway is just for investment, then good returns is important. So, as per the market scenario, it’s better to invest in commercial property rather than residential. As the rate of return is more in commercial properties and also there is a lease period of years, so the chances of your property staying vacant are less.

Don’t Fall Prey to Offers: Nowadays, many new developers have come up with apartments in Noida expressway who make ways to get their flats booked and for this, they give attractive offers. Any perk it can be - modular kitchen, car, discounted rate, etc. Well, to make the safe investment, don’t get lured by any such offers. Investigate properly about the developer, infrastructure of the apartment, facilities offered, and much more. Talk to the people already living there and ensure how satisfied they are with their work.

At last, take your final decision after considering all these factors to make your dream home a reality in Noida expressway or turn your investment into good returns.