Noida emerges as a lucrative investment option for both the early investors and end-users. A slew of promising new projects in Noida by reputed builders backed with robust civic and social infrastructure continues to lure a good number of investors. It also drives the consumer sentiment in a positive direction with a range of good options. This indicates a healthy surge in interest of leading developers who see Noida as a leading real estate market.
A strong growth in the scale of operations has been observed in NCR in the recent past and a good number of players look forward to build on this momentum through entry into Noida, which is one of the country’s leading real estate markets. Property in Noida emerges as one of the most sought after real estate destination.
Factors that have driven the demand
Noida enjoys a robust connectivity, which is an instrumental factor in driving its real estate demand. Noida is well connected to Delhi and other towns and cities of Uttar Pradesh. Within Noida, the entire township has wide roads. State Road Transport bus services ply throughout the township and provide regular and frequent connectivity to the people from Noida to Delhi, Ghaziabad and other major cities of Uttar Pradesh. Noida is well connected to other parts of Delhi and Gurgaon by metro. The major expressways such as Yamuna Expressway bestow excellent road connect and FNG (Faridabad-Noida-Ghaziabad) expressway once completed is envisaged to boost the connectivity further.
Several developers and builders are showcasing their interest to launch new projects in Noida mainly with an intention to cash on its connectivity. Affordable Prices stands as one of key reasons for the shift in focus to Noida when compared to other NCR regions. Skyrocketing prices have made Gurgaon residential market unaffordable for many. As a result, the focus has shifted to other areas in NCR, particularly Noida.
Well developed social and physical infrastructure in the region and good connectivity via Expressway has also boosted the demand. Property in Noida also offers good returns on investment with an average yearly expected appreciation of 10-1 per cent, which is an appealing factor for several investors showcasing their interest in this region. And it is not just the home-buyers who are increasingly getting attracted towards Noida and Greater Noida. Big business houses, start-ups and even PSU’s are setting up their base permanently in Noida, adding value to the region. The incremental take up of office space is expected to boost demand for residential space in the sub-markets of Noida.
The place also enjoys a healthy social infrastructure with good number of hospitals, acclaimed educational institutes and many more. Noida also boasts of its vibrant lifestyle with a host for restaurants, malls, shopping complexes, clubs etc for fun and entertainment purposes. Property in Noida also sees a good demand on the back of ample residential projects that are designed to provide a high class lifestyle to its residents. The projects offer state of the art infrastructure, round the clock security and top notch amenities with added perks like gazebo, helipads etc. So, property in Noida appears as the best bet in NCR for the early investors and end users.