5 Best Reasons To Buy Property In Noida

Noida, is short for New Okhla Industrial Development Authority, is a satellite city of Delhi and the National Capital Region of India. The city was ranked as the best city in Uttar Pradesh and was awarded “The Best City in Housing in all of India” by ABP News in 2015. According to an analyst report, Noida replaced Mumbai as the second best realty destination for commercial and residential investments. Noida is also considered to be the greenest city with about 50% green cover which is the highest of any city in India.

Here are a few reasons the city of Noida is the best property investment:

1.      Jewar airport

Greater Noida will receive a huge swell of industrial and corporate growth with an increasing share on returns for the economy with the proposed Jewar Airport which is said to commence before the 2019 general elections and be completed by 2024. This is good news for potential residents of Noida since real estate investors and builders will be taking a good advantage of this opportunity. The growth of the economy will reach a new high and the city planning projects will be contributing to it immensely with this support to accessibility and ease of transportation.

2.      Planning and infrastructure

Noida has been planned on the grid iron concept and employs state-of-the-art technology in Engineering and Urban Planning. Significantly, it conceptualizes the needs of a fast-developing city of the future. The action plan and approach compare well with international standards and is aimed at providing rapid momentum to the growth of the industrial sector both in the state of Uttar Pradesh and the nation. Apart from these there are tons of reputed hospitals, schools and universities that fulfill every need of a dweller in Noida. There’s also the lesser known NEPZ, Film City, and the Software Technology Park.

The Northern Railway line from Boraki on the Delhi-Howrah route will go via Noida and Greater Noida to Tuglaqabad on the Delhi-Mathura route, which means in due course of time Noida will also have a railway link to Greater Noida which itself indicates that it is going to help the commercial businesses and industries.

3.      Luxury housing

With the Yamuna Expressway thrown open to the public, investors and real estate players are all set to reap the benefits of this development. Builders are already speculating a 25% increase in the property prices in future, hence if you are considering investing into a real estate property, now is the right time. One such property in the region of greater Noida is the Godrej Park Avenues, promising a balanced life full of amenities while maintaining the luxury factor. There are many such upcoming luxury property in Noida, but we suggest you complete your due diligence instead of finalizing that deal.

4.      Connectivity

The roads in Noida are smooth and wide for movement of traffic. NH 2, Link Road, Kondli Road, Noida-Greater Noida Expressway, the Noida-Agra-Mathura Expressway currently under construction and the eight-lane DND Toll bridge flyover provide additional ease and comfort to road-traffic into and out of the city of Noida. The Noida Authority maintains more than 400 Kms of internal roads and 125 Kms of boundary roads which make the intra-city-road-traffic comfortable. Travelling to any part of the city becomes convenient with trains, metros and other local commodities easing the traffic pains.

5.      Quality Manufacturers

At the advent of increasing economic growth due to infrastructural, real estate and commercial developments, it is no surprise that several manufacturers have started setting up their production plants and factories across regions that are quickly progressing. Noida is one of them, with India’s largest mobile phone manufacturing factory set up by Samsung, more industries are coming in the limelight eg., Berger Paints India Ltd, JK Tyres and industries Ltd, MoserBaer India Ltd etc.

Times are changing and so is the curve of economic growth and continuous developments for the region of Noida. Even still, the prices are yet to rise since many more major developments are yet to commence. Real estate prices are appealing every buyer segment. On that note, we hope you’ve now locked down your next real estate investment decisions.