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Finding home is a daunting task for many potential homebuyers. There’s a plethora of factors that play a vital role in making a well-informed decision. Some of these factors are infrastructure, affordability, location, connectivity and availability of properties. While Noida has already carved a niche for itself as a premium residential destination, Ghaziabad is fast catching up with its host of residential and commercial properties launched by some of the best builders in the city. Multiple real estate options are available in Ghaziabad and Noida offering ample choices to homebuyers. Let us discuss a few points that can help them decide to buy a property in Noida or Ghaziabad. Let’s run through some key points that must be considered while exploring and zeroing in on a property.
Inexpensive Home Loans for Property in Ghaziabad
Freehold Property – Easy loan availability
It is worth noting here that Ghaziabad offers freehold properties while Noida offers leasehold properties. Homebuyers have the right to construct, modify, develop and use the property for 90 years without having or claiming to have an actual owner of the land in Noida. Conversely, the properties in Ghaziabad are clear and free from liabilities and offer perpetual ownership. This way, getting affordable home loans from leading banks and financial institutions is easy for the homebuyers.
It Is Affordable to Buy Property in Ghaziabad
It is prudent to note that the average value of the property is almost the same in Noida and Ghaziabad, but the latter offers more affordable housing options for low to medium income segment. It is for this reason Ghaziabad is fast becoming a preferred choice to buy and own property.
Wave city is one such mega project in Ghaziabad right on NH24 offering residential accommodations in form of 2BHK & 3BHK flats apart from freehold plots and retail spaces at very affordable prices.
Ghaziabad is well connected with Delhi and other NCR Cities. Rapidly expanding Metro network has penetrated deeper into the heart of Ghaziabad making it easier for the people residing here to commute to different NCR Cities for jobs and education etc. For example, Wave City on NH-24 Ghaziabad is located adjacent to Delhi-Meerut Expressway and the Eastern Peripheral Expressway, which makes it a perfect place for comfortable and convenient living.
Availability of Properties
Noida and Ghaziabad, both have a huge inventory available for home) buyers. Experts believe that Ghaziabad is poised to experience fast-paced development with a lot of prestigious projects being launched by the State Government in recent times. Thus, the city is ideal for those who are looking for ready to move or resale properties. In Noida, the number of units that are under construction are more. Noida has more than one lakh units coming up in some time, but Ghaziabad has ready for possession) properties, so there is no waiting time.
Thus, both Noida and Ghaziabad have distinctive features and benefits making them a suitable choice for real estate investment by potential homebuyers. Identifying precise your unique requirements and budget is the best way to make the right decision.
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