7 Major Reasons Why Investment in Noida & Greater Noida real estate is going to be your Best Decision ever!
Delhi NCR is one of the fastest-growing regions in India due to a number of supportive factors, including a large number of high paying white collar jobs and world-class physical infrastructure. The real estate prices in Delhi have grown to astronomical heights, leading to the growth of adjacent cities as large companies shift to other cities, namely Gurgaon and Noida in search of better infrastructure and lower real estate prices. The Government is also enabling the same by improving the connectivity of these cities with Delhi through wide roads/highways and the Delhi Metro.
Gurgaon was the first city to benefit due to primarily two reasons –
- The existence of Maruti Suzuki and its ancillary units — These units created Tens of Thousands of jobs in the city and led to the immigration of both blue-collar and white collar workers.
- Upgradation of Palam Airport into IGI International Airport — The Airport helped attract a large number of MNCs to establish a base in Gurgaon due to the city’s connectivity to their native countries.
These two factors led to a steep rise in Gurgaon real estate as the demand for both high-quality commercial space as well as residential space increased. Currently, the commercial rentals and residential selling prices in some parts of Gurgaon are comparable to those of Delhi.
Don’t fret if you missed that bus. Now, Noida is going through the same development phase and would see a strong growth in its real estate prices in coming years.
Noida (New Okhla Industrial Development Authority) is a systematically planned city, and the residential, as well as the commercial developments, are going hand in hand to develop the city. If you are thinking of buying a property in Delhi NCR then Noida and Greater Noida must have attracted you. Living in Noida offers great jobs opportunities, convention centres, and an airport coming up in the area. Thus, investment in Noida and Greater Noida real estate is going to be your best decision ever.
Recently, Union Information and Electronics Technology Minister Ravi Shankar Prasad announced that the Union Government is in collaboration with UP Government, will be developing Noida and Greater Noida regions like a second Singapore. To this, Ravi Shankar Prasad said,
“Big electronic companies have come to Noida, Greater Noida and 54 big players have already started their operations from there. The day is not really far when this part will be known as the Singapore of UP.”
“We can make Noida and Greater Noida a Singapore like place where skill, electronic manufacturing, education, management and global conferences can all take place together. The development of Noida and Greater Noida will percolate to the entire state,”
The minister, Ravi Shankar Prasad, also added,
“We will offer support to the state government to develop IT parks and other centers of excellence,”
The Government is definitely focusing on developing Noida as one of the upcoming regions and it seems to be going the Gurgaon way with the high paying white-collar jobs coming up in bulk and Jewar airport work also to start soon.
Well, who would not like to invest in a place where Government is taking so many initiatives for development. And here, we have mentioned 6 major reasons why investment in Noida & Greater Noida real estate is going to be your best decision ever. Have a look!
1) Jewar airport
Jewar airport is currently number one attraction for everyone. The price of real estate in Noida and Greater Noida is pretty affordable now, but it will surely go up after the construction of Jewar airport. The construction work on Jewar airport in Greater Noida will start in December 2018. The Jewar airport is going to be the biggest airport in India in terms of area. And the 1st phase of the project involves the construction on 4 thousand acres, follow-up phases will see construction on rest of the land.
2) Growing job opportunities
Nowadays, there are plenty of job opportunities in Noida and Noida Extension. A large number of IT and ITES offices have set up base in the city and several big companies are opening up; thus, there is an increase in job opportunities. After Jewar airport, all the MNCs will have an option to settle in Noida and Greater Noida, and it will lead to the growth of job opportunities.
Coming to more details, on one side, there’s a knowledge park in Greater Noida West, and on the other side, the Formula 1 track on Yamuna Expressway has drawn a lot of attention. And with the proposed metro connectivity to Greater Noida, several IT companies will surely be noticing the Noida-Greater Noida Expressway and Greater Noida to set up their offices and reap the benefits of this awesome physical infrastructure at reasonable prices. You would be able to witness some world-class buildings on both sides of the expressway.
3) Very accessible location- Greater Noida West
Noida extension and Noida are a part of the government’s ambitious planning of 13500 acres, and till no,w 1200 acres have been finalized. Here’s how it is accessible from different key locations:
- Buddh International F1 Circuit — 25 mins
- Close to renowned MNCs
- Connected with 5 Expressways
- Near the proposed Metro Station
- Amity University / Mahamaya Flyover — 20 mins
- DND/Akshardham — 25 Mins
- IGI Airport — 44 Km
- Taj Mahal — 65 minutes
- Noida Sector-18 / City Centre: 20 mins
- PariChowk, Gr. Noida: 15 mins
- Night Safari: 25 mins
- Next to NH-24 & 15 mins from Yamuna Expressway
- Ghaziabad Railway Station: 16 Kms
- Nizamuddin Railway Station: 25 Kms
- Jewar airport is under construction
4) World-class planning and infrastructure
Noida is one of the best-planned cities. It boasts of world-beating road infrastructure with the crown highway, Yamuna Expressway. Yamuna Expressway is a world-class highway, and all the sector roads within the city are also quite wide. There are a good number of parks, world-class hospitals, global schools, and all other facilities. The city’s futuristic transportation includes metro line expansion, and the city is also covered by greenery. Many people who have visited Greater Noida just marvel at the planning of this city.
Greater Noida is Asia’s first ever city where a plan for 30 years is already been done before starting the infrastructure. Thus, Noida extension will surely have world-class infrastructure. Some of the important points in the infrastructure development of Noida are:
- Big wide roads with huge scope for expansion
- Every project has 20 to 50 daily needs shop inside the campus
- Big shopping malls and commercial spaces will be built
- IT and ITES office plots where big companies are opening up so lots of high-paying jobs nearby
- New hospitals with good facilities
- Excellent schools and colleges like Amity University, Ramagya, DPS Noida, Khaitan Public School, and Kothari Public School for good education for children
5) Return on Investment (ROI)
Greater Noida has the potential to offer a pretty decent ROI, according to the kind of developments that are happening in the region. Currently, there is a sufficient difference in the prices at Gurgaon, Noida, and Greater Noida. However, with the proposed infrastructure and Government initiatives, the difference is going to reduce sharply over the next few years. This might be the most opportune time for investment in Noida and Greater Noida, as the price of real estate will surely go up.
6) An Investing Hub For Big Investors (Investment in Noida)
- The Yamuna Expressway Industrial Development Authority (YEIDA) has allotted 300 acres of land to the Patanjali group to establish the Patanjali Food and Herbal Park in Greater Noida. 130 acres of land have been allotted separately for Patanjali Ayurveda Limited.
- Patanjali will process 25 acres of land separately for building an Institution along the Yamuna Expressway for modern Vedic courses.
- Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) IN Greater Noida has already started releasing properties to willing investors at a price for 5,100–11,000 per square metre which will vary according to the demand of land i.e. the bigger the land, lower will be the bidding.
- Companies like LG and Micromax has already evinced interest in acquiring land up to 10 hectares as per DMICDC proposed plan.
- Lava International and its ancillary unit is going to invest over 2000 crores in Greater Noida and has got approval over 35 acres of land.
- Homegrown Tech giant Intex is also looking for a big-time investment in Greater Noida plans and has already made a deal of 650 crores right along the Yamuna Expressway.
All these projects are estimated to produce over 80,000 jobs in that area.
7) Affordable prices in Noida extension & Greater Noida
Noida Extension is currently the best place to invest:
Price for the residential place in Noida extension
1 BHK flats starting price is 25 Lacs
2 BHK flats starting price is 40 Lacs
1 BHK flats in Greater Noida starting price is 30Lacs
2 BHK flats in Greater Noida starting price is 50Lacs
Price for commercial property investment in Noida Extension
Resale price- 20–25 Lac
So, these were 7 major reasons that show why investment in Noida and Greater Noida real estate is going to be your best decision ever. It is the best time to grow your hard-earned money by investing in Noida or Greater Noida.