Why Invest in Luxury Apartments in Noida

Property in Noida has grown manifolds since past the few years and will continue to do so with many new planned projects coming up. It is one of the largest well planned cities in Asia attracting huge number of investors as well as end users. The property prices for the residential projects in Noida have undergone a steep rise in the past and is emerging as a much sought after destination for real estate investment.

Since a larger populace is getting attracting towards luxury, the housing is no exception to it. Many of the top class developers are coming up with best-in-class projects fully loaded with luxury comforts and designs ranging from apartments, villas, penthouses to independent bungalows, gated communities and golf townships.

By luxury we normally refer to a high class residence in a posh locality with excellent social infrastructure and world class comforts. It is further complimented by latest technologies, high quality architecture and impressive designs by internally honored designers and architects. Developers of such luxury projects don’t mind going in that extra mile to provide every best possible comfort.

The market for luxury residential apartments in Noida is quite optimistic with several developers trying to attract the home buyers by incorporating world class attributes in their projects. Some of the major posh facilities being offered are galleries for contemporary art, advance home automation, lavish cub houses, fully equipped hi-tech gymnasiums, fine dining restaurants, concierge services, sky terraces, high quality sports equipment, cigar and wine libraries and many such more.

The demand for luxury residential apartments in Noida is also driven by HNI clients due to several reasons like city’s good connectivity to Delhi, well maintained and well-built roads, ample availability of large land parcels and wide open spaces, and excellent infrastructure in comparison to other regions surrounding Delhi or Mumbai. There are large options available in good hotels, restaurants, multi brand shopping malls, schools, colleges and super specialty hospitals.

Thus it is anticipated, that due to the country’s high rate of economic growth, the demand for luxury housing in Noida will also be on an upward graph. The Indian economy is expected to grow at 6.5% in the financial year 2016-17, which will lead to a decent wealth creation for the next few years. The luxury housing will outstrip the GDP growth by two times and people will spend more on luxury real estate since they will earn good.

Umesh Kumar is an expert real estate writer. He has around 5 years of experience in Real Estate Market.