Throughout the last two decades, if there is any single location in India that has witnessed remarkable growth and development in the real estate, MSME, heavy industries and service sectors, It would be none other than Noida. It is one of the fastest-growing future business destinations in North India.
Despite the pandemic, the city has bravely withstood against all odds and kept the wheel of industrialization moving forward. Today Noida has emerged as one of the most preferred residential and business destinations in India.
Investors, entrepreneurs, big brands and business tycoons from all over the world are rushing towards Noida and Greater Noida with their new manufacturing and servicing plants. As a result, the regions surrounding the national capital Delhi, especially Noida and Greater Noida, are experiencing unfathomable growth and development in the real estate sectors, in both residential and commercial segments.
With a dozen of multi-million dollars business parks such as WTC Noida CBD at sector 132, Bhutani Alphathun, Bhutani Cyberthum, City centre 150, Electronic city, and numerous luxury residential township projects, the Noida and Greater Noida region has emerged as one of the most favoured living and, business destinations in India.
Every year large flocks of middle and urban families from all sorts of economic backgrounds move towards Noida and Greater Noida. They are leaving the overcrowded and noxious Indian Cities where there are fewer opportunities for jobs and slowly rushing towards newborn smart cities like Noida where they can live a healthier and convenient life.
Below I have listed out a few factors that have fueled the recent growth of Noida and the Greater Noida region. Besides that, I have also tried to elaborate on why newly built residential projects in Noida and premium commercial spaces for sale in Noida can attract higher footfall and a higher rate of investments as compared to all other smart cities and commercial locations in North India.
Keynote
Well built and well maintained real estate infrastructure, constantly decreasing property values, low-interest rates, best in the class transportation system and superfast connectivity, easily accessible public amenities and upcoming world-class commercial real estates like WTC CBD Noida sector 132 are the primary reasons for which more and more property buyers and real estate investors are getting attracted to Noida and Greater Noida regions.
1. Superfast Connectivity and Efficient Transportation and Logistics network
- Indira Gandhi International Airport can be reached in 55 Mins through expressways and Highways connecting Noida and Delhi.
- The national capital Delhi is at 35 Minutes drive, via newly built six-lane expressways.
- India Gate is easily accessible from Noida. Take a ride and reach there in just 40 to 45 minutes.
- Yamuna Expressway is connecting Noida & Greater Noida with New Delhi and Agra.
- With 21 stations connected through a 29.7 km metro line, Noida Metro is the backbone of its public transportation.
- Noida has well-distributed network roadways and highways. They are 60 to 105 meters wide and bordered by tree-lined avenues on both sides.
- Noida International Greenfield Airport; Total area is 5100 hectares; It will be complete by 2024.
- Noida Greater Noida Expressway is a six-lane highway that connects Noida and Greater Noida with west Uttar Pradesh and New Delhi.
Pollution-free environment, high groundwater level, efficient city planning, smart public waste management system and clean air & water. These are the determining factors that have forced hundreds and thousands of families from different metro cities to rethink their present living conditions. Today, Hundreds and thousands of families have chosen Noida and Greater Noida as their actual living destinations. This is happening because Noida offers higher living standards, better air and water quality and a pollution-free cosmopolitan environment.
2. Clean Air and Environment
Pollution-free environment, high groundwater level, efficient city planning, smart public waste management system and clean air & water. These are the determining factors that have forced hundreds and thousands of families from different metro cities to rethink their present living conditions. Today, Hundreds and thousands of families have chosen Noida and Greater Noida as their actual living destinations. This is happening because Noida offers higher living standards, better air and water quality and a pollution-free cosmopolitan environment.
3. Live in the Lap of Nature
- Okhla Bird Sanctuary is located at the entrance of Gautam Budh Nagar, Noida. It is a biodiversity reserve and one of the most prominent International Bird Areas In India with 320 species of birds, 188 species of trees and plants, and 10 species of mammals.
- Botanical Garden is situated at Gautam Budh Nagar, dedicated to nurturing, preserving and conserving a plethora of green herbs, plants and trees.
- 25% of the total area of Noida is actually under green cover.
4. Pubic Amenities and Infrastructure
- Reliable and privatized electricity, underground electric cabling, 24*7 assured power supply.
- Well-planned townships and commercial spaces for sale in Noida with smart drainage systems.
- Advanced waste management plants to recycle both dry and wet waste products.
- Highways and expressways connect the Noida and Greater Noida region with the rest of the country.
- An efficient public transportation system connects different sectors of Noida.
- Abundant drinking water, higher groundwater level and efficient public water supply system.
- A PGA standard Golf Course, area-222 acres; A newly built general sports complex, area-240 acres.
- Various reputed schools such as Delhi Public schools, Somerville; Dozens of private colleges, universities, engineering and management institutes and coaching centres.
- Jaypee Hospital at Noida sector 128, Med Cure & Care at Noida sector 4, Sri Ram Singh Multispecialty Hospital at sector 70 Noida, Max Super Speciality hospital at Noida Sector 1, Fortis Hospital at Noida sector 62.
- Various commercial real estates like WTC CBD Noida at Sector 132, Bhutani Alphathum, Bhutani Cyberthum, City Center 150 and many more.
- A large network of Optical fibre has been providing superfast internet connectivity, 650 MBPS speed.
- World-class hotels, restaurants, pubs, large public markets, various shopping malls and retail streets.
- Gas pipeline to deliver continuous cooking gas supply to every household.
- Abundant luxurious Residential properties for sale in Noida, Be it1 Bhk flats in Noida, 2 Bhk flats for sale in Noida or 3 Bhk flats for sale in Noida, available at a low-interest rate.
- Pre Leased Commercial office spaces for sale in Noida and retail shops for sale in Noida, available at an affordable price and low-interest rate along with an assurance for a fixed return on investment.
5. Higher Return on Investment
All kinds of real estate properties are generally considered assets. Their value grows with time. So, if you are a real estate investor, you should wait at least a few years so that your investment can mature over time and bring higher returns on investments with flying colours.
Now, try to see the big picture. Try to do some research. Just see how the property prices of Noida and Greater Noida have risen upward at a skyrocketing speed, especially over the last two decades. Of course, one can argue why he should invest in a time when property prices in the entire country are so low. But here is where most of the investors miss the bus. They usually make their decisions based on the negative aspects of present market dynamics. They think that lowering real estate prices would hamper their investment interests.
But, on the other hand, Smart investors never get afraid of temporary market fluctuations. They always like to play long term games. They know what costs less today will be a million-dollar asset tomorrow. So they consider any bear run as a golden opportunity to multiply their wealth in many folds.
The third fiscal quarter of 2021 has come up with golden opportunities, especially for new-age property buyers. The prices and the interest rates of new residential and commercial properties for sale in Noida and Greater Noida are at their lowest bar. So today, it would be easier for you to afford what seemed to be unaffordable earlier.
Conclusion:
The success of any real estate destination depends upon the factors mentioned above in five steps. So, it doesn’t matter where you want to invest when your location is well-connected with industries, schools, colleges, universities, institutes, hospitals and markets. Your properties would eventually gain adequate public attention in the long term. Places like Noida and Greater Noida can fulfil all of these requirements. The region is home to some of the most prominent fortune 500 companies like Adobe, Genpact, HCL, Sapient and Samsung. In addition to that, the City also holds one of the fastest-growing electronics and semiconductor manufacturing industrial zones in India. All of these positive aspects ultimately make Noida a cynosure of all eyes. It is a perfect location for skilled and semi-skilled job seekers and new-age home buyers and attracts real estate investors from the length and breadth of the country.