The demand for affordable housing is increasing rapidly in Noida and Greater Noida. But the problem is also that the prices of flats have increased very rapidly. The prices of some projects in Greater Noida West have reached above Rs 10,000 per square foot. The main reason for this is the rapid development of this area. The infrastructure here includes metro connectivity, road expansion and new airports.
But you can still get the option of cheap flats from builders and small builders. If you want to buy a builder floor then we are going to tell you an average price of cheap flats.
Cheap area options
Greater Noida West (Noida Extension):
The price of 2BHK flats here starts from ₹30-40 lakh, making this area a budget friendly option.
Sector 150, Noida:
Located in lush green areas, 2BHK flats in this area start from ₹50-60 lakh. The area offers a peaceful and eco-friendly lifestyle.
Sector 121, Greater Noida:
The price of builder floor here is around ₹40 lakh. The area is suitable for both residential and commercial investment.
Sector 137, Noida Expressway:
Prices of flats here start from ₹45 lakh and the area is known for excellent connectivity.
Things to keep in mind before buying builder floor:
Builder floors offer a better lifestyle option in a low budget, but there are some important things to keep in mind before buying them:
RERA Approval:
Make sure that the property is registered with RERA (Real Estate Regulatory Authority), so that your investment is safe. Generally small builders are out of RERA. keep this in mind
Land title:
Check the land title properly to avoid investing in any disputed property.
Completion Certificate:
Check that the builder has followed all the laws and has obtained the completion certificate upon completion of construction.
Bank Acceptance:
Projects approved by the bank are considered safe. If a bank approves a project, it means that it is legally secured.
Location:
Before buying, ensure that basic amenities like water, electricity and road connectivity are available in the area.
Keeping all these things in mind, you can choose the right and affordable accommodation in Noida and Greater Noida, which suits your budget and needs.