YAMUNA EXPRESSWAY VERSUS NOIDA EXTENSION
Looking for a few short-term investment tips? Check out Noida Extension. The Yamuna Expressway is a relatively longterm option for those willing to wait for at least five to seven years
may be higher in the next 36 months than appreciation in plots along the Yamuna Expressway but if the investment horizon is longer, say between 5-7 years, the price increase in plots will be significantly more than appreciation in apartments in Noida as prices of plots increase as more people settle in the area.
According to Jain, even though first-time homebuyers may not want to live in an area that is developing, the fact that the units are available in an affordable range may push them to purchase apartments in Yamuna Expressway. The same people may want to exercise their rental options in a place like Noida.
As far as the Greater Noida market is concerned, huge supply came up in the area between 2004 to 2008, but developers there made the mistake of launching large-sized projects. Readyto-move-in units are still available in Greater Noida between 2800 per sq ft to 3500 per sq ft but the sizes are big. That makes the area slightly expensive. An apartment there can cost anything in the range of 50 lakh to 75 lakh.
In Noida Expressway, the ready inventory is in the range of ` 5,000 per sq ft to 8,000 per sq ft. For anybody wanting to invest in this area, the budget should be above 80 lakh. With huge supply coming up in the area, however, prices will stabilise.