Gurugram has been predominantly the first choice for home buyers in the NCR across commercial and residential categories. Yet, with pro-active measures taken by the Government of Uttar Pradesh, the realty markets of Greater Noida and Noida have witnessed sizable growth.
According to the Principal Partner at Square Yards, Ravi Nirwal, Greater Noida and Noida have managed to hit the right notes with buyers after COVID-19. This is due to their contemporary infrastructure and good planning along with good connectivity to the other parts of the NCR. They are also well linked to leading business zones and offer properties at comparatively affordable prices than Gurugram. Home buyers are also seeking bigger homes which have more wellness and health oriented amenities and sufficient greenery alongside. He opined that Noida and Greater Noida are providing all these options to home buyers with their urban layouts and configurations.
Upcoming projects like the Film City and Jewar Airport are boosting the market, drawing more IT/ITeS companies and MNCs to these regions. Nirwal also added that this has led to more well-developed residential options including townships and societies alike. He also talked of how in comparison to Delhi which is already at its point of saturation by way of real estate, Greater Noida and Noida offer almost everything desired by contemporary home buyers and that too at a more affordable price point.
These cities are steadily making their presence felt over the last 2-3 years owing to their wide range of mid-range, affordable, luxurious and even ultra-luxurious housing options which have garnered the spotlight. There has been swift infrastructural growth in these two cities with several types of projects that cater to almost all kinds of buyers. The entire zone has become a major employment and business hub as well. Real estate prices are also more affordable than Delhi and even Gurugram, while the amenities, luxury facilities, quality of construction and the scale of projects remains unmatched. Noida is also becoming a leading hub for corporates which has also positively impacted the real estate market according to several experts.
Both these housing markets also lie near New Delhi and this is another reason behind rising demand. Road connectivity has improved considerably with more metro corridors and expressways. The upcoming airport could also be a game-changer for the entire region. Noida is also home to several Fortune 500 companies today. The Yamuna Expressway and Noida-Greater Noida Expressway have also contributed towards the development of several coveted real estate markets throughout the entire stretch.
For a detailed report on this read the articles we were featured in:
Financial Express – https://bit.ly/3HYFOt9
Published Date: June 23, 2022
