Competitive property prices, ample availability of land, rapid infrastructure development and excellent connectivity are the major growth drivers that make Greater Noida an attractive destination for real estate investment in NCR.
Delhi and Noida is overflowing with properties and the prices are soaring high and Gurgaon has become equally unaffordable for the buyers, the focus of buyers is shifting towards Greater Noida.
This article delves deep into the reasons why Greater Noida is a recommended property destination in Delhi-NCR:
Connectivity
Greater Noida enjoys excellent connectivity to various parts of NCR through the Delhi-Noida Expressway, Noida-Greater Expressway, Yamuna Expressway and Dadri Road. The Aqua line of the Metro offers seamless connectivity to prominent localities of Noida and Delhi and a major boost for this city and the residents. Furthermore, the new metro rail track connecting Noida and Greater Noida with nine stations will help the real estate boom in the region. According to property experts, the rentals have started picking up in the existing stock of commercial real estate and are likely to rise further.
Growing job opportunities
Several IT and ITES offices have set their base in the city and a number of big multinational companies are opening up; thus there is an increment in job opportunities in various fields. On one side, there’s a knowledge park in Greater Noida West and on the other side, Formula 1 track on Yamuna Expressway that has garnered significant attention from home seekers as well as investors. And with the proposed metro connectivity to Greater Noida, several IT firms are eying Noida-Greater Noida Expressway and Greater Noida to set up their offices and reap the benefits of this awesome physical infrastructure at affordable rates. Thus it will lead to the growth of job opportunities. While the growing job opportunities in the city, an investment in the real estate can be considered profitable if one has a long investment horizon.
Jewar Airport
No doubt that it is the number one attraction for everyone. Jewar airport claims to be the biggest airport in the country. Still, residential projects in Greater Noida and Noida are in affordable condition, but those are on the edge of increasing their value after the construction of the airport gets finished. Once completed, Jewar Airport will not only ease traffic at Delhi's IGI Airport but also shift the concentration of multinational and domestic companies which will lead to the job generation in Greater Noida and give an instant push to the realty market of Greater Noida.
World-class infrastructure and layout
Greater Noida is Asia’s first city where a planning of 30 years is done before starting the infrastructure here. Thus, the city is known for having world class infrastructure. Here are some important points in infrastructure development are:
Wide big roads with huge scope for expansion
Big Commercial complexes, shopping malls and park in future development plan.
Many ITES and IT companies are setting up their base so in future lots of high paying jobs nearby
Major universities like Amity University, Galgotias University, Sharda university and world class schools like Delhi Public School, St. Joseph's School, Ryan International School, and much more renowned names are in close proximity.
New multi-story hospitals like Fortis, Jaypee hospital, Sumitra hospital, Apollo hospital equipped with modern amenities