Established in 2008 as an extension to the Noida area, Greater Noida boasts of good social infrastructure. It is one of the best developed neighbourhood in Delhi-NCR.
Greater Noida, located on Noida - Agra express way, offers great connectivity to all important locations within the city and outskirts also. Also, it is seeing major developments in its real estate market, residential and commercial both. Hence, it is evident that Greater Noida is a suitable place for real estate investment.
In fact, its well-planned infrastructure, growing population and location benefits etc. have pushed real estate in Noida forward. In this blog, we will discuss how Greater Noida development is a vital factor in securing the future of real estate in Noida.
First, the blog will shed light on the various aspects of Greater Noida as an extension of the Noida area. Further, we will share the reasons why property consultants in Noida consider real estate investment in Greater Noida as a valuable prospect.
Greater Noida is a well-planned city created as an extension of the Noida area. It is located in the Gautam Buddha Nagar district of Uttar Pradesh. GNIDA, or Greater Noida Industrial Development Authority, is the administrator of this whole city.
Major corporate houses, electronics manufacturing companies, and many automobile industry leaders have an established presence in Greater Noida. The peaceful, green surrounding, and good infrastructure attracts many people to choose this place to live. After all, it is close to Delhi yet away from the chaos of the city.
Looking at the growing interests of real estate investors, many developers are offering real estate projects in Greater Noida. Real estate companies that aim to get a hold over Noida real estate are launching residential and commercial projects in Greater Noida on regular basis.
The real estate projects here, thus, bring wonderful investment opportunities for all types of property investors. Whether you’re planning to invest in real estate for the first time or you’re a pro in it, Greater Noida offers lucrative options to all.
The growth of Greater Noida real estate and its influence on overall real estate in Noida is not an overnight game. There are several reasons which are helping this market to flourish. And, the reasons are:
With a good number of global schools, premium educational institutes, hospitals, parks and shopping arcades, Greater Noida offers well-planned social infrastructure. The notable educational istitutes like Amity University, Jaypee University, IMS, Jaipuria university campus, etc. and hospitals like Max superspeciality hospital, Kailash hospital, Apollo Spectra hospital etc. make sure that you get the best education and medical care here.
Twinning with Noida, it boasts many mega-infra developments, like international airport, multi-modal logistics, transport hubs, etc. It has big wide roads with expansion scopes. Also, many large shopping malls, retail hubs and commercial spaces are already here and more are supposed to be launched soon.
Moreover, the government initiatives to enhance the infrastructure add more to the city’s development. The proposed Leather Park, Film City, Medical Device Park, the Toy Park in Jewar, etc., can amplify the economic growth in the Greater Noida-Noida region.
Greater Noida offers mid and high-end housing options for all across various budgets. Various housing types are available here, from premium luxury homes to regular middle-class housing solutions. Whether you want to live near your workplace or in a gated society, you can find a home meeting your criteria.
Healthy demand for quality housing makes developers give more attention to this Greater Noida-Noida region. Hence, it is an ideal real estate market for new-age homebuyers. They can choose their dream home from varied options.
However, before making a final home buying decision, don’t forget to discuss it with a leading real estate consulting company.
A handful of big luxury brands are already present in Greater Noida, attracting HNIs and UHNIs. With time, you can expect a high-end retail sector within the city and more global brands will come to set their footprints here. The city also features amazing recreational and leisure opportunities for residents.
In addition, Noida-Greater Noida appears to be a data centre hub. This attracts many major companies to come here to store their data. Around 22,000 crores are about to be invested in establishing data centres in Noida. It may also increase the demand for top-grade office spaces in this area.
The growing mobile manufacturing industry here creates many job opportunities. Also, you can see many IT and ITES offices in this region. The knowledge park in Greater Noida West draws attention. On the other hand, the Formula 1 track on Yamuna Expressway is another attraction. Overall, you can find multiple employment opportunities here. More are on the way!
Greater Noida is already situated at a good location close to Delhi. The upcoming metro extension will make commutation easier. Metro Phase 2 extension from Sector 71 to Knowledge Park 5 will be operational soon.
The 15 km metro extension can connect the Greater Noida sectors with Delhi Metro blue lines. Thus, it will improve connectivity with the capital city. Gradually, it can also push the growth of real estate in Noida at a rapid pace.
An important factor in bringing high growth in real estate in Noida-Greater Noida is the Jewar Airport. The property prices in Greater Noida and Noida are affordable now. Anyways, it will soon increase with the completion of the construction of Jewar Airport.
So, investing in Greater Noida real estate is a no-brainer now. Buy a property today and wait for a high return on your investment in the near future.
These several reasons ensure a high profit on your investment in real estate in Greater Noida. With the presence of big real estate companies and other factors, Greater Noida will benefit Noida real estate to a great extent.
You might think about where to begin with while investing in real estate in Noida. If you need more reasons to analyze the real estate investment in Noida, a few notable companies are investing huge capital investment. Some of them are as follows:
However, apart from these big investments, there are many more. You will surely get a good returns on your real estate investment.
People looking to invest in real estate in Noida and Greater Noida areas have ample options, including apartments, independent houses, open land etc. Both ready-to-move and under-construction projects are available here. The future of real estate in Noida and Greater Noida is promising.
But, to find a suitable property amidst these varieties, you must rely on good property consultants in Noida. They can guide you with all details and suggest properties that suit your unique needs.
Anyways, as discussed, buying a property in Greater Noida has exceptional benefits. So, no more second thoughts! Decide your requirements as a property buyer in Greater Noida and find an ideal property for you here today!