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New Noida Project coming up with innovatively designed spaces is fast changing the face of the region. The high-end spaces here create a sustainable environment for your work as well as the living. Wide range of amenities offered in the project is at par with the International standards as well as affordable to use.
In the current scenario of Indian Real Estate, Noida is emerging as a good investment option. It has become a hot spot of real estate properties in Delhi-NCR. Good connectivity to Delhi and Gurgaon, Delhi metro service and fine infra facilities make life better in this part of NCR. This is the main reason why this makes a fast growing residential destination in NCR.
The place is giving strong competition to its peers like, Ghaziabad, Vaishali or Faridabad with much-advanced infrastructure, smooth metro connectivity, better water & electricity supply and above all schools, hospitals, etc that are basic necessities of life.
Buyers and investors who are willing to hold properties for a longer period of time are really finding this as a great option. However, they are advised to buy from only reputed builders in areas with good civic and social infrastructure facilities.
In terms of inventory, Noida has a better choice of accommodation. People also saw completions and registrations of apartments picking up speed which has given a boost to the sector. With developing infrastructure and plan for extending Noida city center metro to Sector 62 and Greater Noida, it paves way for rapid real estate growth & development.
Expecting strong growth in NCR, which is one of India's leading real estate markets many real estate builders and developers are undertaking luxury ventures in Noida and its vicinity. The city saw many big time companies entering into its micro markets. Real estate giant Godrej Properties forayed into Noida to build a residential housing project. There is also a report of Tata Housing progressing talk with Noida based developer Lotus Group to make its entry into the market. These entries indicate a healthy surge in the real estate market of this metropolis.
The affordable housing tag is working for Noida as more and more investors are showing interest in entering its micro markets. This is fast gaining the confidence of customers in NCR. In a recent survey, around 30 percent of buyers preferred to invest in micro markets in Noida in comparison to other areas in Delhi-NCR. As per survey reports, it is not just home-buyers who are increasingly getting attracted towards Noida and Noida Extension but office market, which is gaining traction due to availability of quality & cheaper office space in contrast to Delhi and Gurgaon, as well as presence of excellent infrastructure. In 2015, the net absorption of office space in Noida has been around 1.2 million square feet. This increase in office & commercial space absorption positively impacted the micro residential markets in the area. Noida has many new projects coming up which promise better returns to property buyers, including personal investors and NRI buyers who want to invest in the booming real estate market in the country.