Buying or Renting Property in Noida

There is always a case built for buying property rather than renting one. Numerous advertisements across platforms propagate the idea. But, what is the basic theme behind promoting people to buy rather than rent properties?
There are two essentials involved here. Firstly, owning over renting property the inherent desire of every individual? Ask any person living in a rented apartment and their answer would be that one day they wish to own a house. Then, is the logic of an EMI equivalent to rent? How do these two work together? And, do they then lead to the conclusion that buying is a better option than renting? Let us try and figure it out.

Consider, Noida, Noida extension and Greater Noida as our sample and begin our evaluation from there. There is no limit to the number of properties, apartments and flats in Noida on sale. The advertisements can be seen on billboards, newspapers or heard on the radio and choose from a variety of 2-3-4 BHK flats in Greater Noida, Noida and Noida Extension, according to their budget and expectations.

Though, the question here lies, is there really a huge financial implication as far as owning and renting go? Let us try to decode this puzzle. If an apartment is taken on rent, then every month the tenant is expected to pay a certain amount. This rent is not static too. As per the market rates and the current property trends, the owner of the house revises the rent annually. Thus, at every point the tenant is paying the amount that a similar new property in the market would command. Compare this to buying a house. Almost 99% of the houses are purchased on loan. In such a case about 5% of the cost of the property is required to be put down as down payment. The bank finances rest of the 95%. This amount that is financed by the bank is returned in the form of monthly EMIs. Today, EMIs need to be paid to banks only after the possession of property thus, eliminating a situation where two large sums need to be paid every month. Owning a property has never been so easy and convenient before.

Are You Ready to Be a Homeowner in Noida?

There are some who swear by the cosmopolitan lifestyle of “dynamic Gurgaon.” And then there are some who are hardcore supporters of NCR’s most “Planned city Noida.” But when it comes to the final decision, therein lies the dilemma. According to a recent survey by real estate consultancy Colliers International, Noida scores over Gurgaon in terms of advanced civic infrastructure and moderate costs of living. However, Gurgaon takes the honors for being the top office destination. Thus for house hunters, it would be wise to invest in flats in Noida, and travel to Gurgaon for work – best of both worlds!

Noida, especially the areas of Noida Extension are attractive residential hotspots, literally redefined by world-class projects from the Amrapali Group. Amrapali is one of the top real estate companies in Noida. The group is a trailblazer with several successful constructions to their credit, commercial complexes, residences, townships, office complexes and family entertainment centers. With a track record unrivaled by any other builder, and numerous awards in their kitty, Amrapali Group is the natural choice for those looking to buy a home in Greater Noida.

Amrapali is a reputed builder offering attractive payments options and attracts easy home loans. With world-class clubs and superb amenities, Amrapali offers not just a complete lifestyle but a lifelong asset for home-buyers. Don’t be Delay, Come and Book your Property Now!