Gurugram has dominated the realty market of NCR for a few years in each the residential and business segments. However, in latest instances, with the drastic coverage adjustments by the UP authorities, the actual property markets of Noida and Greater Noida have develop into very robust by way of growth.
Ravi Nirwal, Principal Partner, Square Yards, says, “Noida and Greater Noida have struck the right chord with homebuyers post Covid owing to their modern, well-planned infrastructure, excellent connectivity with the rest of NCR, proximity to key business centers and affordable price points of residential properties compared to Gurugram. Post the aftermath of Covid, homebuyers are scouting for spacious, well-designed homes that come with health and wellness amenities and have open, verdant environs to boot. Noida and Greater Noida rightly cater to these new-found demands of homebuyers as the region has an enviable urban layout and boast of a sound appetite for all segments of residential housing that offer greater value at convenient rates, making it a dream destination for homebuyers of all walks of life.”
The pattern is quick pacing attributable to beneficial financial state of affairs of the area, whirlwind change in civil and social infrastructure, and upcoming world-class growth initiatives, together with the Jewar Airport and Film City. All these aspects have additionally acted as an enabler and catalyst for IT/ITes and MNCs to drop anchor on this a part of NCR.
“This has also led to the emergence of well-developed societies, residential townships and a myriad of other housing options, luring homebuyers to work and settle in this part of NCR. Compared to Delhi, which has already reached a saturation point in terms of real estate growth, Noida and Greater Noida have everything that a modern homebuyer wants, albeit at an affordable cost,” informs Nirwal.
Because of those causes, previously couple of years, these two cities have topped the charts because the hotspots of actual property initiatives in NCR. They are geared up with reasonably priced, mid-rance, luxurious and extremely luxurious services which have grabbed the eye of lots and created a loyal buyer base.
Amit Modi, President, CREDAI Western UP, stated, “Over the years, Noida and Greater Noida have built a robust socio-economic infrastructure providing a range of mid, high-end and affordable housing projects that have catered to the heterogeneous mix of buyers. The region has transformed into a business hub that has churned out employment opportunities for millions of job seekers. The hybrid conjunction of increasing housing facilities and job centres have concomitantly made Noida-Greater Noida a preferred home destination for buyers.”
Sanjay Sharma, Director, SKA Group, stated, “Property prices in Noida and Greater Noida are much more affordable and reasonable compared to adjacent cities like Delhi and Gurugram. Whereas, when it comes to the construction quality, magnitude and amenities, it is top-class and the opulence is unmatched. Noida has also emerged as a robust corporate commercial hub with a scalable pool of job opportunities. It is one of the prime reasons why Noida and Greater Noida are homebuyers’ favourites.”
The proximity to Delhi has accelerated the uptick in actual property gross sales in Noida and Greater Noida. Delhi is the epicentre of India’s financial progress and institutional energy. Sharing geographical boundaries with Delhi has definitely propelled the tempo of developments in these two cities and in addition took a significant proportion of patrons to its markets as Delhi is a bit overcrowded.
Yukti Nagpal, Director, Gulshan Group, says, “Greater road connectivity, infra boost with new and improved expressways and metro corridors have all contributed to Noida and Greater Noida becoming a preferential choice for homes and residential spaces. There is also a vast increase in the number of home buyers with better financial immunity and a desire to invest in luxurious residential properties. The upcoming Noida International Airport has also mainlined its presence. Noida being a home to 500 Fortune companies offer the most beneficial investment propositions and returns.”
Amit Jain, Director, Mahagun Group, observes, “The completed and ongoing infrastructure plans and developments have led to the development of Noida and Greater Noida as sure-shot profitable real estate zones. Noida-Greater Noida Expressway, Yamuna Expressway, upcoming Jewar Airport, and various other road and expressway initiatives have revitalized the fortunes of Noida and Greater Noida and put them on the roadmap of new realty projects juxtaposed amid strong market demand and future growth possibilities.”
The many new and massive undertaking bulletins these days in Noida and Greater Noida will additional cement their place as a magnet of actual property choices and in addition develop their market to unprecedented ranges. The area’s robust footing as a business and industrial community hall may even enhance property gross sales and bolster its actual property market.
Source: www.financialexpress.com”