Naya Gaon, Noida: Am I making a HUGE mistake?

Fed up of renting. Landlord raised rent *again*. Finally taking the plunge. I'm looking at Naya Gaon for a flat. It's cheap, okay? But is it *too* cheap? Everyone talks about the investment potential but what about the daily life? Heard water supply is a major issue there. Also, is it safe at night? Honestly not sure if I'm romanticizing home ownership. Change my mind.