Things to Consider When Purchasing Residential Property in Noida

Posted by Sukhbeer Singh on February 22nd, 2018

Reasons to Live in Noida

Located in the state of Uttar Pradesh, Noida is a planned, industrialized and economically developed city that is a part of the National Capital Region (ncr) of Delhi. Noida was established as part of an urbanization thrust by the erstwhile Indira Gandhi government and came into administrative existence in the year 1976.

Some Salient Facts about Noida

•  The city is classified as a SEZ or Special Economic Zone, due to which many companies have set up their offices in Noida.
•  The Noida Authority is known to be one of the wealthiest civic bodies in the country.
•  Among all the cities of the NCR, Noida has the highest per capita income.
•  Noida is considered to be the greenest of the major cities in India with around 50% green cover.
•  In an awards ceremony conducted by ABP News in 2015, Noida was ranked the best city in UP.
•  The city has emerged as a hotspot for companies in the IT and IT-enabled services industries.

For the above-mentioned reasons, Noida has witnessed an influx of people from different parts of the country and even beyond. National and international companies have set up their offices in Noida, in order to avail the tax benefits associated with SEZs. This has led to economic and industrial development. Noida has become a hub of industry, finance and education, and people from around the country move to Noida every year in search of jobs, education and investment opportunities. As a result, there is a growing demand for safe, comfortable and adequate accommodation in the city.

Essential Features of a Good House in Noida

•  It must be advantageously located in or near a major commercial hub of the city, such as in Sector 32, Noida. It must be located in a neighborhood that is well connected to every part of Noida and the NCR via roads, highways, expressways and metro lines. This will make commuting easy as well as fast. Location, connectivity and accessibility are therefore three essential factors that determine the desirability of a residential project.
•  The residential project must be registered under the Real Estate Regulation Act (RERA), as it seeks to bring clarity and transparency to the real-estate industry. Over time, RERA will promote fair practices that will be instrumental in protecting the interests of the buyers and imposing penalties on builders who indulge in wrongful profiteering.

The best residential projects in Noida offer homebuyers state of the art amenities such as:

•  Air-conditioned flats with inbuilt modular wardrobes and cabinets in the master bedroom
•  Modular kitchen facilities with a chimney and hob
•  High speed Wi-Fi and IPTV facilities
•  Fiber optic connectivity
•  Adequate and safe parking facilities with separate visitor’s parking
•  Uninterrupted water supply and power backup facilities
•  Landscaped gardens with rainwater harvesting facilities
•  Hi-tech round the clock security with CCTV surveillance and smart card access control
•  Luxurious clubhouse with swimming pool and a fully equipped gymnasium

In order to purchase 2BHK apartments in Vasilia, Noida with RERA number, you should contact one of the reputed and experienced property developers operating in the NCR as they have the required registrations and permissions to develop, promote and sell properties in the region.