Best Destination for Home Buyers: Noida or Gurgaon

Real estate is taking a high pace with the widened choices available for the buyers and investors. When it comes to NCR, Noida and Gurgaon offer different properties that entice buyers to head towards these locations. If you have to make a choice out of these areas, then you surely need to consider some essential factors. There exist several features that will assist you in making the right decision for your property needs. Following are those factors that you must compare if you are willing to own a residential property in either Noida or Gurgaon.   

Location
If it is about buying a home, everyone considers the location. It is the basic feature that makes people head towards any location for their property related needs. In terms of location, Noida and Gurgaon both have different prospects. Both the locations are well connected to the national capital and offer good connectivity benefits. If we talk about Noida, it is located at just a distance of 15-20 minutes from Delhi. The metro link has also made it easier for people to stay connected to Noida, which has become a hub for affordable housing. Whereas Gurgaon is a location said to be a bit distant from Delhi. Though the metro has reached Gurgaon but still many areas and sectors cannot be easily accessed through metro. Additionally, the areas like Dwarka, Palam Vihar and Vasant Kunj ensure better proximity with Gurgaon.

Pricing

Pricing and affordability are the foremost factors that are considered by home buyers in any part of the nation. These factors play the primary role for the buyers to choose suitable location as per their budgets. If it is about the affordable housing solutions, Noida definitely offer better options. Despite of hike in prices in residential real estate in Noida, properties in Noida Extension and the ones available alongside Expressway are perfect for the people, who do not have a big budget. Else, when it comes to the properties in Gurgaon, it becomes a little difficult for the middle income group to own residences in Gurgaon. This is due to the appreciation in the property prices in Gurgaon that was 25% in the year 2011. Now, this has gone up with 46%, 32% and 24% for Palam Vihar, Sector 47 and Sohna Road. In comparison with the price rise in Noida, these figures are quite higher. This appreciation in property prices in Gurgaon is much higher than the hike discovered in Noida.               

Infrastructure

Infrastructure is also turning up as a factor, which is reflected well everywhere in NCR, whether it is Noida or Gurgaon. The developers like DLF, Supertech, Emaar MGF, Amrapali, The 3C Company, BPTP, Eldeco and many others have made modern living possible at these locations. With the efforts of these names, we can now locate homes with state of the art infrastructure and modern facilities at these locations. People looking for luxury housing in Noida can opt for the projects like Paras Seasons, Supernova, Vivante, Eldeco Inspire, The Aranya and several others. Apart from this, the luxury residences available in Gurgaon include Anant Raj Floors, Araville, Curio City, Emaar MGF properties and many other new developments by DLF. Whether in Noida or Gurgaon, at both the locations you will get to explore utmost comforts and facilities.           

Affordable Housing

The need for affordable housing has also been realized in the real estate sector in the recent years. If you are looking for the best deal within a modest budget, Noida can surely offer better options. Despite of the price rise expected for properties in Noida Extension, the buyers can get affordable options here. In this scenario, people prefer Noida over Gurgaon. This is because Gurgaon has turned up as the hotspot for high living options and the prices have gone equally higher. With this boom in realty sector in Gurgaon, it has become difficult for the buyers to locate affordable homes here.                                                     

While going through the above given factors, you will surely get to discover the positive points associated with the properties available in Noida. In many ways, it is a favorable location for many buyers, who are looking for modern living within their moderate budgets. Even the ones looking for contemporary living can get the best deals here. If Gurgaon is considered, it has got multiple options suitable for people looking for ultra-modern living options but for many, it is not much preferred due to the high prices.