Delhi-NCR locations such as Ghaziabad are majorly known for their luxurious yet reasonably-priced housing options. However, these areas are now undergoing a huge transformation. In the last few years, these bustling cities of the National Capital Region are witnessing an immediate surge in the rates of apartments. If we talk about Saya Homes Gold Avenue news, you will notice that Ghaziabad and Greater Noida (around Noida Expressway) have become the major hotspots for investment in residential and commercial properties. Do you know what are the reasons for this immediate surge?
To find out more, continue reading this post.
What is the pricing difference in the Delhi-NCR properties?
Previously, it was said that a housing unit ranged between Rs. 40 and 80 lakhs. However, the landscapes of the Delhi-NCR real estate market have drastically changed. This is why you will be seeing an increase in the overall prices of housing as well as commercial properties have gone up.
The spike in pricing is reflected in the amenities provided by the builders. Speaking about Saya Homes, a prominent and trusted builder in the Delhi-NCR region, they are offering new-age facilities along with infrastructural development. In addition to this, these projects show favourable changes in the policies and high-end options.
What are the reasons that are pushing the rates of properties in Delhi-NCR?
Are you planning to buy a new home in the region of Delhi-NCR? If yes, then you must have explored countless properties so far. However, you are still figuring out the reasons for the increased pricing part! Well! Below are some reasons why the rates have increased:
· Infrastructural advancements in Delhi-NCR
When it comes to the infrastructural developments in the Delhi-NCR regions, particularly in Noida and Ghaziabad, the government has taken several key initiatives. Among all, we cannot deny the much-hyped metro network expansion, Jewer International Airport, wider road and rail networks, industrial sectors, etc. In addition to this, significantly improved connectivity as well as logistics of these regions with Delhi and nearby places have contributed to the increased rates.
· The demand for luxurious housing has also grown
When you see the residential property options in NCR i.e. Ghaziabad, you will see that the increased rates clearly influx in the lavishness of the projects offered. If we talk about the Saya Home Gold Avenue news, you will realize that they are now more focused on high-end studios as well as bigger apartments. In addition to this, it aims to provide its residents with modern amenities that include gyms, swimming pools, 24/7 water and electricity supply, 24/7 security, CCTV cameras, landscaped gardens, kids’ play areas, sports courts, and so on. When you are getting amenities that can help you live a fruitful and quality life, you will need to pay a little more.
· Economic and commercial growth
Gradually, Ghaziabad and Greater Noida are transforming into huge and prominent corporate hubs. This is yet another critical reason behind the increased property rates. These two cities along with close vicinity with Noida have become havens for IT firms, multinational companies, and even startups. This is leading builders to increase the rates to meet the demands in the best way possible. Besides, the initiatives by the Utter Pradesh (UP) government for improving the infrastructural and commercial development are changing the perception of Greater Noida and Ghaziabad.
· Changing preferences of the buyers
The changing and evolving perception of buyers is also affecting the real estate market of Delhi NCR. New buyers are more selective. Since they prefer sustainability, comfort, convenience, and luxury, they are always ready to spend extra bucks just to get the home of their dreams. Besides, the demand for gated communities, smart apartment amenities, and wider space is pushing builders to go beyond their boundaries to fulfill these demands.
What is next?
The major transformation of Noida and Ghaziabad has shifted the momentum of finding and buying cheap properties. According to Saya Homes Gold Avenue news, increasing demand for premium and luxurious housing projects, infrastructural developments, and so on are the reasons for the pricing surge. Lastly, if you choose Saya Homes to get a home or commercial space, then you will be offered a dynamic blend of the right pricing and luxury.