Hunting a house in Noida? Quick tips before you make the move!

Soothing surroundings.  A great place to hang out and an ideal destination to get settled. Noida has emerged as a major destination. Noida has become a major destination for house hunters since past few years. Noida & Greater Noida, along with Yamuna Expressway and Noida Extension, = have affordable options for the middle class buyers in the national capital region. Average home prices in these parts are somewhat lesser than in Gurgaon, that is associated with high-end apartments.

Here are five tips as you hunt Property in Noida 

1.    Plot VS apartment: You can buy a plot for the price of an apartment along the Yamuna Expressway that attaches Greater Noida with Agra. The world class expressway provides easy access from Delhi. But, don't expect urgent capital appreciation as there is an oversupply of plots in this area. Plots near the F1 track are better options.

2.    Choosing a developer: Projects that have been developed by a builder that is unknown or fresher, are prone to execution delays. They will be comparably reasonable, but may remain grounded forever. Samir Jasuja, chief executive officer of Prop Equity, says buyers must everlastingly pay a limited premium however, go with a deserving or branded developer who will ensure the execution of the project, yet, it may still get delayed.

3.    Plan Specification: Small may not always be beautiful. As buildings become taller, huge open spaces becomes crucial. Search a project that is adjoining a public park, or has bigger common areas. There is going to be a little premium mid 25-acre and a 50-acre project to start with, but time projects with finer amenities require a bigger premium.

4.    Absorption: Some areas like the Yamuna Expressway and Noida Extension have bigger inventories and absorption could go on to slow down. Homes in areas with low absorption rate are cheap but are convenient only for long-term investors that have a time frame of at least 5-10 years. You should invest in these properties only if you are an end user with no plans to dispose of the property.

5.    Geographical factors: Noida and Great Noida have a high water table, unlike Gurgaon where ground water is not available. Noida has better accessibility to Delhi than Gurgaon, which depends on the Jaipur Highway. However, both Noida and Gurgaon fall in seismic zone 4, where risk of earthquake is pretty steep.

We hope you will consider these quick tips before you plan to get settled in this posh and well-developed location. It is a place which will offer great returns in the upcoming future and prove to be a great deal.