Noida Real Estate Ruling Investors’ Hearts

Undeniably, the global pandemic had a severe effect on the real estate sector in Delhi. Consequently, sales reduced and ongoing projects came to a sudden halt. Noida, one of the most important parts of NCR, has been always on top consideration of property buyers and investors. To begin with, the area had to face tough competition with hot-selling property locations like Gurgaon, NH-24 etc. However, the place could draw property buyers. Though, post demonetization Noida Real Estate dipped a bit like all other locations, but it improved at the fastest speed.

Noida and Greater Noida saw a significant rise in property sales beating the metropolitan cities. Most importantly, there was an elevation of at least 5% in sales between April and June 2020. Therefore, Noida Real Estate is ruling over investors’ hearts.

Planning to make a real estate investment? Noida is definitely, an ideal location. This blog subsequently, compiles the reasons why the real estate market in Noida has won investors’ hearts.

Noida Real Estate Ruling Investors’ Hearts

• There were transactions of around 1175 units, which beat the transactions in the same quarter last year by around 50 units. The Noida property rates dropped considerably.
• To put in simple words, there was a significant reduction of sales in April. Consequently, 10-15% of sales dropped around May and June. In brief, most of these sales halted from February because of the COVID-19 outbreak.

Reasons why people are investing in the real estate market in Noida

1. Jewar Airport

While real estate in Noida and Greater Noida is pretty affordable right now the rates are predicted to rise very soon. To begin with, the construction of the Jewar airport has created a lot of hope; consequently, the property values are bound to go up once it is fully functional.

2. Job opportunities

A huge number of IT companies and MNCs have set up their hub at Noida. This has subsequently, opened up a lot of job opportunities. Besides, the proposed metro route coupled with the Noida Expressway will provide these businesses with first-rate connectivity and infrastructure they necessitate to run smoothly.

3. Great Connectivity

Indeed, Noida is highly accessible because of it great connectivity. Let’s discuss the factors that contribute to its ease to access.

• Buddh International F1 Circuit
• Connected to 5 Expressways
• Proposed Metro Station
• Mahamaya Flyover
• DND
• IGI Airport
• City Centre
• PariChowk, Gr. Noida
• Night Safari
• Next to NH-24
• Near Yamuna Expressway
• Ghaziabad Railway Station
• Nizamuddin Railway Station

4. Infrastructure and Planning

• Wide roads
• Scope for expansion
• In campus daily needs shops
• Shopping malls and commercial spaces to be built
• MNC’s setting up their hub
• Increasing job opportunities
• Hospitals and nursing homes with state of the art technologies
• Amity University, Ramagya, DPS Noida, Khaitan Public School, and Kothari Public School

5. Noida Real Estate: Hub for large scale investors

• Patanjali group to establish Patanjali Food and Herbal Park in Greater Noida
• 25 acres of land for Patanjali Ayurveda Limited
• Delhi-Mumbai Industrial Corridor Development Corporation in Greater Noida has begun releasing properties to investors
• LG and Micromax are supposed to acquire upto 10 hectres of land
• Lava International will be acquiring 35 acres
• Intex is also looking for investment

Conclusion

To sum up, Noida faced a lot of criticism in the real estate sector in India. However, it has now transformed into the most happening area. If you are an investor and looking to grow your hard-earned money consider investing in Noida. Most importantly, the place has won over investors’ hearts.

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