Post the arrival of the new government, there is increased buoyancy in the real estate market in Noida. The ball has started to roll especially after the budget.

The government has made it clear that to enhance economic growth, a dedicated focus on real estate and infrastructure development is pivotal.

There has also been easing of FDI norms, fund allocation for affordable housing, REIT implementation and so on.

Given the fact that land is a prerequisite for any sort of development, Noida is the logical answer to the ever expanding need for housing around Delhi.

Talking about inventory, Noida has the far more options than any other city in the NCR. This is an area that has been consequently growing and expanding. And, that opens a lot of opportunities for future growth in real estate.

Though Gurgaon has fetched better returns, Noida is not too far behind. Recent developments have enhanced the glamour of Noida’s real estate market.

For the above reasons, Noida has mature real estate markets for differences sets of investors and buyers.

Pricing:

The factor favouring investors to enter Noida is the lower pricing factor that ensures better returns on investments and property appreciation.

In fact, the realty market has crystallized into one of the most favourite for premium segment buyers.

However the high price at several points suggests that properties there will no longer fetch high rates of appreciation.

Development(s):

The proposed extension of the Dwarka-Noida City Center up to Pari Chowk will give direct access to Delhi and the other surrounding NCR regions. This initiative is expected to be completed by the year 2021.

The NMRC (Noida Metro Rail Corporation) has obtained the required approvals for the 29 kilometre long Noida to Greater Noida from the State Govt.

Likewise, the GNIDA (Greater Noida Industrial Development Authority) has plans to set up its own power plant for uninterrupted power supply in the area.

Though Noida is famous for its affordable housing project, there are a plenty of luxury initiatives underway in the adjoining areas.

With good road network, good infrastructure and metro connectivity, real estate development in Noida is expanding rapidly. This is an important indication since infrastructure development would be the primary draw for investors and buyers in this region.

Major upcoming projects like the Taj Economic Zone and the Export Promotion Zones along the Yamuna Expressway are bound to push the economic development of this place. This, in turn, will further boost the real estate development.

The positive feedback from investors and buyers in Noida has vow made it clear that this place is going to be preferred destination for expediting existing plans and launching new initiatives.

With the fast paced development in infrastructure, real estate growth has indeed picked up recently. Numerous new projects have been announced which will have a positive effect on the real estate market.

Overall, Noida is poised to emerge as one of the biggest stars in Delhi NCR real estate.


Tania is a traveler who fell in love with Noida and its culture. She loves exploring the lesser known localities and sharing it on Indiaproperty.com