If you go through the pages of history, you will find that there has been a constant migration of population from villages to the city in a country like India. Villagers have always migrated to the city in search of a better life. New Delhi being the capital of has been a witness to a continuous inflow of population from various parts of the country. It is due to the huge population pressure that areas such as Noida and Gurgaon have been developed to cater to the housing demands of this huge population.
Noida is situated in the state of Uttar Pradesh. Noida stands for the New Okhla Industrial Development Authority. This area came into administrative existence on 17th April 1976. Thus, this special day is celebrated as Noida day. Since it is situated in Uttar Pradesh it is under the UP industrial area development act. It was a product of the controversial emergency period. It is situated in the Goutam Buddha Nagar district.
Noida today is a major corporate hub. Various business houses are setting up offices all around Noida. Some of the major multi national companies, as well as some of the major I.T companies have set up office here in Noida. People from all around the country come to work here in Noida. Thus, accommodation is a major worry for them here in Noida. Most of them prefer 2 BHK flats here in Noida. Another important aspect they would prefer is that the residence should be close to their offices. No one likes to travel a long distance while going and coming back from office. The Noida development has looked after this aspect also.
Noida today thanks to the Noida development authority is one of the best places to live in. There is a rising demand for affordable housing in Noida. The Noida development authority is trying its best to meet the demand. Most employees who come to work from other parts of the country would prefer owning a home than living on rent. Years later, when they retire and go back to their respective hometowns they can sell of the asset at a much higher price. Living on rent will not create any asset for you. However if you are going to stay here for a short span then living on rent is something which you should consider. Taking a home loan for just two or three years is just meaningless.
Other than being close to your office, there are various other criteria to be looked into. The home, which you should live in, should also be close to the market place. That is the very reason to why there is huge housing demand in the sectors 18, 32, 61 and 25A. Besides there is huge demand in sectors 12, 19, 20, 21, 22, 25, and the list goes on endless. The big advantage of Noida is that it is very well planned. Care has been taken to see that all sectors have a market nearby along with the basic amenities. Therefore, living anywhere in Noida has its advantages.
The next big question, which may be in your head, is how you get the perfect accommodation in a big place like Noida. You probably are a busy person and do not have the time to search for your perfect home. Here if you do want to live on rent it will be a perfect idea if you can approach a broker or a property dealer. They are professional people who know the area inside out. If you do tell them about your requirements, they will try hard to get the best deal for you. However, they are professionals therefore; they need remuneration for their services. The remuneration generally differs from case to case. However, it is more or less fixed at one or two months of the rent amount. The major problem is that unlike other sectors the real estate sector has no regulator. Thus, there are bound to be the odd mismatch here.
Now if you are indeed buying flats it is always better to buy from the better names. As mentioned earlier that unlike the telecom, insurance or stock markets, real estate has no regulator. The chances of fraud are quite high here. The better and the bigger names have after all a brand value and image to protect. Therefore, if you have to book a space your money is much safer with the bigger names.
If you look around you will find that there are many big real estate developers working in the Noida market. You will find plenty of them. They are ready to cater to your demand and fulfill your requirements. Kargil realtors are one of the big names working in and around Noida. You can contact them and they will offer you variety to choose from. You can get 1 BHK, 2 BHK, 3 BHk, or 4 BHK flats available. If you are still not satisfied, you will get bungalows, pent houses, to available. You can also buy commercial property from them if you wish to do so. You also have the Ravi Satyam Builders and Properties where again you can enjoy the variety to make your choice from.
Noida is fast turning out to be a hub of commerce and trade. Real estate prices here are moving upwards. Under such an atmosphere, how can the major national real estate players be left behind. They to are making their presence felt here in Noida. Some of the big names that have made their presence felt are Unitech, Omaxe, Parsvnath Developers, Jaipuria group, and the Jaypee group. These builders have made a decent contribution to change the skyline of Noida. With shopping malls, all around life style here in Noida has under gone a huge change.
However due credit must be also given to the Noida development authority for laying the groundwork and basic infrastructure. Private players enter the arena when they are sure to earn profits but the groundwork is laid by organizations such as Noida Development authority. The Noida you see today is because of there efforts.