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Residential Plots in Noida Extension
Residential Plots in Noida Extension
The Noida Authority has given its initial nod for converting all
leasehold property into freehold plots in Noida Extension, this will help
the resident to get full ownership of the property allowing them
redevelopment. There are lot of abaadi plots in Greater Noida West,
these are known as kissan quota plots or 6% plots which are given to
the farmer in compensation of the occupied land. Though these plots
are cheaper but it does comes with good location and neighbourhood.
Being reasonably priced and with many great upcoming amenities,
the plots in Noida extension do face some scarcity in availability of
these plots. Some of the bottlenecks are local transport network is not
fully functional, no price appreciation over a year, construction of
office space and commercial building are behind schedule. Besides
affordability, well-planned city and large square feet area, there are
other reasons for investment in Noida Extension; growth in job
opportunities as large number of IT companies coming up, accessible
to most of the key locations and good investment for big investors and
companies. That is why there are limited villas societies in noida. Also
it has potential to offer decent ROI based on the kind of development
happening in this area.