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OVERSUPPLIED region. Hope for genuine homebuyers

Greater Noida West (formerly Noida Extension) has challenges on the infrastructure development and delivery side, for now, but is expected to be one of the most developed and supplied localities in the entire region in the near future. Anarock Property Consultants Pvt Ltd, a property consultancy firm, said in a recent report that Greater Noida West has emerged as one of the affordable housing hubs in the NCR. Santosh Kumar, vice-chairman of Anarock Property Consultants, says: “While the average capital values in the NCR are between Rs 4,200-4,600 per sq ft, prices in Greater Noida West are significantly lower. The locality already enjoys the advantage of proximity to Noida, Ghaziabad, and New Delhi.” Magicbricks.com shows the average residential rate in Greater Noida West at Rs 3,194 per sq ft.

Source :- Times Property