The dilemma of whether to choose a 2 BHK Apartments in Greater Noida West or 3 BHK apartments frequently comes up when thinking about buying one. Some purchasers desire a large apartment, while others choose a tiny one. In this blog post, we'll look at every factor that you should take into account while choosing between two and three-bedroom flats.
- Budget
Your budget is the most important consideration when purchasing an apartment in Greater Noida West. Since it establishes the framework for your decision-making process, knowing your budget is essential. Since there is frequently a large price difference between 2BHK and 3BHK apartments in the Greater Noida West market, it is crucial to take your financial situation into account.
For instance, although being in the same sector, the rates of a 2 BHK apartment in Greater Noida West and a 3 BHK apartment in the same sector will differ significantly.
There is a significant price differential of 50 to 60 lacs between these two alternatives. The price difference is 50 and 35 lacs, respectively, if the identical flat option is purchased in. Although it might fluctuate, this is the typical price difference.
- Space
Given the price difference, you could think about buying a 2BHK apartment after reading the piece above. Is it enough for your family, though? You may have more than five people in your family or joint. Will two BHK suffice for them?
Since everyone realized how important it was to have a large house during the COVID-19 epidemic, you would require a 3 BHK Apartments In Greater Noida West if your family is large. Your old parents should not have to live in a crowded area, and your kids should have plenty room to play and move around the house.
When visitors arrive at your house, they should feel at home rather than like they are in a prison. There will be a severe lack of space if you reside in a two-bedroom flat with more than five individuals.
- Rental and Resell
The market's demand should be taken into account while renting and selling real estate. Due to their affordability, 2BHK apartments may be simpler to find renters for, but there is typically a greater demand for larger properties, such as 3BHK. This can have an effect on your investment's resale value. However, because of the increasing demand for 3 BHK homes in Greater Noida West and the desire of purchasers to move into a larger house following COVID-19, it is simpler to sell 3 BHK properties there than 2 BHK apartments.
- Customization
The wide range of customizing choices that a three-bedroom Property in Greater Noida West offers is one of its main benefits. You may install amenities and customize your house to your liking if you have more room to work with.
- Home maintenance
Tenants prefer to own two-bedroom flats because they require less upkeep than three-bedroom ones.
- Loan Amount
The size of your property is directly impacted by the amount of your loan or mortgage, so it's important to take that into account. A three-bedroom apartment can be the best option if the maximum loan amount is higher and the interest rate is affordable. A three-bedroom apartment, however, can be out of your price range if the loan amount is less and the interest rate is comparatively higher. The most cost-effective option in this situation would be a two-bedroom apartment.
What Are the Reasons to Buy Properties in Greater Noida West?
The homes at New launch projects in Greater Noida West brings in many benefits. Let’s have a look at those factors in detail mentioned below:
- Highest Supply Growth: When compared to other Greater Noida neighbourhoods, Greater Noida West has seen the greatest increase in supply.
- Top Rental rise: Out of all the Greater Noida neighbourhoods, it has had the most rental rise.
- High Returns on Investment: With capital values rising 21.62% annually, the region provides significant returns for both purchasers and real estate investors.
Affordability: Real Estate in Greater Noida West is more reasonably priced than those in other areas of the National Capital Region (NCR), drawing in budget-conscious purchasers.
- Housing alternatives: To accommodate different homeowner preferences, a wide variety of housing alternatives are available, such as flats, villas, and planned projects.
- Proximity to job Hubs: Commuters find the neighbourhood desirable due to its excellent connections to important job hubs in Delhi, Noida, and Greater Noida.
- Investment Potential: Investors are drawn to the region by the possibility of future increases in property values.
- Green areas: Those looking for a calm lifestyle will find Greater Noida West to have more open areas and vegetation than the bustling city centre.
- Government Initiatives: The area's expansion has been aided by government policies and initiatives to promote real estate development.
- Developer Projects: A large number of real estate developers have made investments in Greater Noida West, contributing well-planned neighbourhoods and contemporary facilities.
Conclusion
Choose a 3 BHK apartment in Greater Noida West if you have the funds and want a fantastic apartment with all the amenities. However, you should choose a two-bedroom apartment if you are on a tighter budget. There is a noticeable price difference between the 2 BHK and 3 BHK apartments in Greater Noida West. If you like to purchase apartments in Greater Noida West at the most competitive and reasonable price on the market.
So, buying the property through InvestoXpert gives many benefits. We offer high-rated and trusted assistance in hassle free property buying. Contact is today!!!
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