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Tuesday, 9 August 2016

Noida Emerging as a New Hub for Real Estate Investment

Real Estate Investment

Noida is fast emerging as a real estate hub for investment in properties. Noida and Greater Noida are the two hot cakes for the real estate investors. All big and small builders and designers have entered the real estate market of Noida in the past few years. Noida is the most preferred destinations for opening offices by most MNS’s after Gurgaon. And, a lot of export houses and SEZ’s have been set up in this region for growth and development.

Residential Property in Noida

So, owing to these reasons mentioned above, Noida has been witnessing fast growth and development in the past decade. The rich and the influential have been targeting the residential property in Noida due to investment returns it promises. All giant builders are plunging into the real estate market here. The projects being developed are huge with all kinds of basic amenities that are often referred to as community amenities. Noida is emerging as a complete industrial township. It’s close vicinity to the capital of India is another major contributing factor to its development and preference.

The rising per capital income of the youngsters with an approach to having a working spouse is really contributing well towards the property demand. The young population is able to buy a property soon after a few years of working. Easy financing and loan facilities have further pumped in the demand for good residences and flats. There are some prime locations in Noida where the real estate market is appreciating very fast. The locations are Sector - 128, Noida, NH - 24 Highway, Sector - 131, Noida, sector - 117, Noida, Sector - 120, Noida, Sector - 1, Noida extension, Yamuna expressway etc.

Commercial Property in Noida

The Greater Noida West which was earlier referred to as Noida Extension, has seen the property prices appreciating by 15% in past one year. A lot of planning has gone into developing the infrastructure of this place. There are a lot of MNC’s that are setting up offices here. All major real estate commercial players have started working on new projects here. The metro extension is already happening till Greater Noida and Noida by itself is very well connected to Ghaziabad, Delhi and Gurgaon. This is a major factor as to why people prefer to stay in places like Gurgaon and Noida rather than in over-crowded Delhi.

Greater Noida has approximately 8980 acres of land area with it. And, there are already 75 builders who are already into real estate project development in Greater Noida. The residential and commercial property in Noida is getting a good hold in the market with a lot of prospective buyers around.