Thursday 30 July 2015

What Is The Current Scenario Of The Real Estate In Noida?

Real Estate In Noida

Noida, developed in the year 1976 is a well planned city. It was developed to cater the growing industrial demand of Okhla. It gradually became a hub of IT companies and MNCs. Thereby, causing an increase in job opportunities. The real estate sector in Noida is developing at a rapid pace. It offers a wide array of options for investors to invest in realty market of this city. Being a lucrative place to dwell, it provides the best of residential, commercial and industrial property. One of the main benefits of residing in Noida is its contiguity to Delhi. In fact, this counts as a vital reason for the hike in the property prices of Noida. However, this city is also known for its affordable housing property. Investors with low ticket size tend to invest here. It also becomes affordable for a common man to buy property in this location. Noida is known for its residential and commercial real estate sector. It provides habitation to a large number of residents. Advanced infrastructure like well developed roads, adequate water supply, electricity, sewage and seamless connectivity to Delhi, Gurgaon and Faridabad helps in attracting majority of buyers and investors. Even luxury projects with high-tech facilities are available for sale.

The property prices in Delhi have appreciated and this has made a way for Noida real estate and other nearby areas such as Noida Expressway. Various commercial projects at Noida Expressway are in progress. Clearly, Noida is in its phase of rapid development. Major developers such as Amrapali, Ansal, Orris Builders, Supertech and Omaxe have launched various new projects in the city. Undoubtedly, Noida Expressway has become a real estate hub. Therefore, these major developers have created a wide variety of projects ranging from low budget to luxury. In fact, they aim to provide more housing units with reduced prices, making it profitable for buyers and investors. Proximity to Delhi acts as another advantage to buy property in Noida Expressway. Metro connectivity makes it easy and comfortable to visit Delhi. Moreover, national highways also smoothly connect Noida to Delhi. In fact, shopping malls are also proposed to cater the shopping requirements of a large population. The residential projects also provide modern amenities like swimming pool and gymnasium at affordable prices. All these factors lead to building up of new projects at Noida Expressway.

Greater Noida also plays a significant role in the realty market. It is located only a few kilometers from Noida and is well connected with Noida through Noida Expressway. It is known for its commercial township and renowned educational institutions. The infrastructure is modern and there exists provision of world-class facilities. Thus, major developers consider this area an ideal destination for real estate sector and there are many under construction projects in Greater Noida. Moreover, there is a hike in property prices of about 21 percent in Greater Noida. However, the investors still invest in residential units in Greater Noida in order to gain significant returns through the upcoming years. In Noida Extension which is considered to be a part of Greater Noida, there is a hike in property prices of about 49 percent through the last five years. Whereas, in Yamuna Expressway, also a part of Greater Noida, the prices rose to 21 per cent in the last year.

Therefore, Noida Expressway and Greater Noida have become real estate hot spot these days. They appear to be a profitable destination for home buyers and investors. Moreover, Noida and its nearby areas are becoming upcoming real estate hubs. In fact, the city has good future prospects and it is growing at a remarkable pace.

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