Where to find affordable properties in Delhi NCR
Finding a home that is affordable and is right in budget is everybody’s dream. Especially, the people migrating from all over the country to the national capital in pursuit of good education and job opportunities want a home for their families to live in. where to find homes in and around Delhi within the budget of 35 lakhs? On Magicbricks.com’s forum, OpenHouse, the experts have talked about several localities where finding homes in a restricted budget is possible. Here are a few localities and what our experts say about them –
Property in Noida extension and Greater Noida
In the budget of Rs 35 lakh, you shall indeed consider Noida Extension and Greater Noida for both end use and investment purpose. These are the areas which are expecting major boom, due to the supply of affordable houses here. These localities are also slated to get metro connectivity in the coming years. For the investors too, these areas are likely to perform well in terms of capital appreciation.
An expert suggests buying studio apartments on the Yamuna Expressway, which has become quite popular since the coming of the Formula One racetrack there. These studio apartments are small in size and are ideal for investment. These studio apartments can house a small family. “In the budget of 35 lakh, you can buy three small size (520 sq ft) and in two years (almost exact), you can sell them at 40 lakh each,” says Vinod Chaudhary, expert at Open House.
“You have several options in Noida Extension, Greater Noida and Bahadurgarh. Property Rates in Noida Extension and Bahadurgarh are around 3000 to 3300 per sq ft. however, in Greater Noida, the prices are around 3800 to 4500 per sq ft. You can get 2 BHK in resale in Noida in latter sectors,” says Gurpreet Singh, partner, Sachdeva Associates.
Property in Ghaziabad
Ghaziabad has a lot to offer for those who are looking for a home that is in the budget. Also, for the investors, who are expecting good returns in a specific period of time, properties in Ghaziabad have a potential. “There are several options in flats, such as Crossing Republik, Gaur City, Wave City Center,” says Vinod Chaudhary, expert at Open House.
Also, Rajnagar Extension in Ghaziabad, near Indirapuram and Vasundhra, offers various 2BHK and 3BHKs in 40-lakh budget. “Rajnagar Extension is a developing locality in Ghaziabad and has connected roadways, railways and metro station,” an expert comments on Open House.
Property in Gurgaon
In Gurgaon, areas near Dwarka Expressway, New Gurgaon and Golf Course extension road are developing fast and are attracting both end users and investors. Due to the infrastructure developments in these areas, the properties here are likely to fetch high returns. “In Gurgaon, sectors towards Golf Course Extension road seem better choice,” says Pramod Aggarwal, executive director, Microtek Infrastructure Pvt Ltd.