Developers upbeat about real estate prospect in Noida Extension
Developers seem to be upbeat about the prospect of real estate industry in Noida Extension.
Developers such as Amrapali Group, Assotech Limited and Paramount Group have expressed that the region has immense potentiality as a real estate hub.
Noida extension realty sector started with 75 developers offering a range of of 1/2/3 BHK housing for an average price range of Rs 1,700-2,000 per sq ft. Now the area has emerged as a residential hub and fresh booking have started. The prices have increased to Rs 2,600-3,000 per sq ft.
Now that construction is to resume in a fortnight, delivery will take place in another three years time. Industrial development is one of the major factors that can pave way for economic development of the locality.
The proposed Metro link to Noida Extension will further develop the transportation in the area.
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