Affordable housing that has all modern-day facilities is usually a dream for the large base of middle category group home patrons in Delhi and NCR. This dream will currently be a reality with several housing projects set to resume construction in Greater Noida post the land row issue, that had hit the neighborhood one year ago.
More often than not, patrons searching for the choices of reasonable residential property in Greater Noida ought to either compromise with the locality of the residential property development or on the amenities obtainable. However, the prevailing costs for all the foremost housing developers in Greater Noida tells a very completely different story. As these property are being established by illustrious developers like Amrapali, Gaursons Promoters, Supertech, Ajnara among others, these offer state of the art amenities. Nearly 3-4 lakh homes are expected to be delivered within the next three-four years in this neighborhood, as per market sources.
In spite of a 40-50 % hike in values in last one year, the costs have still remained among the reasonable limits. The prevailing values for flats in Greater Noida vary between Rs 2200-3300 per square feet. Compared the prevailing residential values for flats varies roughly between Rs 4000-11,000 per square feet and Rs 3400-10,000 per square feet in Gurgaon and Noida. Whereas the costs in Faridabad is also akin to those prevailing in Greater Noida and Noida Extension, the later scores on account of better connectivity, infrastructure and presence of illustrious builders. So the neighborhood, compared to other NCR regions, offers a perfect combination of reasonable costs and best amenities.
We are providing reasonable Property in Greater Noida cater to purchaser from the PSU sector and middle category segments.
One major reason for this inequality in costs is that the completely different FSI values prevailing across the National Capital Regions. As an example, Greater Noida, wherever the real estate norms are ruled by the Noida Authority, is a fine example of property success due to increased FSI values. The property in Greater Noida has conjointly benefited attributable to higher FSI values compared to Gurgaon and Faridabad.
As per HUDA the FAR in Gurgaon and Faridabad is 1.75 as compared to 2.75 in Greater Noida. This works in favour of Greater Noida and Noida Extension. Within the same area a developer will construct a lot of flats in Greater Noida as compared to Gurgaon. This enables developers in Greater Noida to offer flats at a lower costs.
For instance the costs in Dwarka Expressway, one among the foremost asked for property destinations in Gurgaon, ranges between Rs 5000-7000 per square feet. This vast inequality in costs between Gurgaon and Greater Noida would cause a rise of end users in the later, whereas the previous would stay a favorite for the investors.
The higher FAR values in Noida is proving to be a new boon for Greater Noida. Moreover, as per an unfinished notification, which might be in place once all the final approvals are received concerning the land row issue in Greater Noida, there's a proposal to extend the FAR to 5.1 in the neighborhood. Further, an additional purchase of .75 FAR is allowed in Noida, creating it a lot of possibility for developers to construct reasonable homes.
A higher FSI wouldn't essentially translate into reasonable housing, because the density per acre norms have to be compelled to be relaxed. This can be a lot relaxed in Greater Noida with the density per acre being 1600/acre as compared to 300/acre in Gurgaon and Faridabad.