Real estate in the National Capital Region has been skyrocketing to new heights in the last few years. In this rising adobe of investment, Gurugram was leading the way in the past.
Post-COVID narratives have changed, and today, its Greater Noida and Yamuna Expressway regions are at the epicentre of development. With top infrastructure, connectivity, increasing population due to migration for better opportunities, and affordable pricing, Greater Noida is winning it all. And, you know, it's for all the good reasons.
Therefore, its the need of the hour to understand what's fueling this growth and what's in there for real estate investors like you to make the most out of it.
Let's dive in!
Location that speaks for itself
They say location to real estate is what entertainment is to cinema! Not a luxury but a necessity. Hence, it's the first thing any investor eyes upon while investing in real estate. Given that, Greater Noida's location is a hub of developments that are ahead of their time.
With some of India's finest architectural marvels in the making and the finest real estate developments by top developers, Greater Noida is excelling. If you want to buy a property in Greater Noida, locations like Yamuna Expressway will be a breeze for its connectivity and the value proposition it promises.
Socio-economic impact
Greater Noida properties are more than just location. Its a solid brick of social and economic transformation and how structured growth can foster change. A flourishing infrastructure driven by motivated investors can brought a new life to the real estate of the city.
Here's what it looks like:
- A booming infrastructure that's setting new benchmarks in Delhi NCR's skylines. No, it's not just about basic civic amenities but also about dedicated sectors for different types of developments.
- An increasing commercial hub with unprecedented foreign and domestic investments flowing from global giants. Companies like Vivo, LG, Haier, Microsoft, Patanjali and more have already invested in Yamuna Expressway. To cater to the increasing migration of young working professionals in these areas in future, investing in a studio flat in Greater Noida will be a smart move.
- There are not many waves and talks about it, but the hospitality industry will also see a boom. Yamuna Expressway directly connects Delhi to tourist attractions like Agra and religious destinations like Mathura and Vrindavan. These places attract lakhs of annual footfall from both domestic and international tourists. This will highly benefit hotels, restaurants, and the region's hospitality sector.
The role of GNIDA and YEIDA in fueling the growth
The roles and responsibilities of any nodal authority of the region to actively participate in developing the infrastructure show a positive sign for the region. In Greater Noida, the role of the ‘Greater Noida Industrial Development Authority' (GNIDA) and Yamuna Expressway Industrial Development Authority (YEIDA) are commendable. The authorities have done great work in developing the residential areas with commercial and industrial parks around the corner and a thriving tourist help desk for a hustle from the travel experience.
The rise of industrial and business parks with ease of doing business
Greater Noida was initially planned to function as a satellite city of Noida and cater to its diverse residential needs. However, with the inception of Asia's largest Airport, the backdrop in Jewar turned the tables.
Today, Greater Noida is not just a major residential hub but also a flourishing hub for businesses.
The region's infrastructure is sky-high with projects like:
- International Film City
- Data Centre Park
- Medical Device Park, Toy Park, Textile Park, Logistic Park, and Food Park
- Noida International Airport
- Olympic City
- Greater Noida Golf Course
These are massive projects that will bring high returns on investments to everyone who buys properties in Greater Noida. Once ready, the region will transform into a major technology centre with unstoppable economic growth, development, and a stronghold. This will further create a ripple effect and will boost the local economy of the region, providing people with new job creation and start-up ideas.
The Least Talked but Highly affecting Logistic hub of the future
Not a lot of speculation is given to the fact that YEIDA has recognised the area's ability to become a key player in setting the city as a major logistic corridor. Yamuna Expressway connects Delhi directly to the international Airport in Jewar (Noida International Airport), which will facilitate the city and craft its name as a key player.
Once this happens, businesses in the region will get a boost real estate in the region will significantly increase its price, and investors can book strong capital appreciation.
Sustainable development for a green future
In recent years, there has been a high emphasis on sustainable and green development. The Jewar International Airport is designed to be sustainable and environmentally friendly.
- Net Zero Energy Building
- Waste Management
- Integrated with On-site Renewable Energy
- Dedicated forest land for plantation
Not only the Airport but also YEIDA, in its master plan, said that it has dedicated approximately one-fourth of the total land to green spaces. With that said, the appeal of sustainable living is bound to reduce the environmental footprint. This will advocate for a sustainable future in Yamuna Expressway.
Affordable Housing Options
The construction of the Jewar Airport has fast-paced the race to own real estate in Yamuna Expressway. The Airport is already impacting the real estate prices in the area. However, housing projects in the region are designed to cater to a huge range of income groups, which makes affordable space an option.
The real estate price in the Yamuna Expressway region is currently very competitive. It currently offers excellent amenities compared to that of the nearby cities at reasonable rates to nearby cities.
For example, Migsun Property on Yamuna Expressway offers fully furnished studio apartments for sale at an affordable price, followed by properties in Gaur Yamuna City, which is just 10 minutes from the upcoming Noida International Airport.
This allows the middle and lower-middle class to make secure investments. As infrastructure growth and development happen in the region, the prices will increase, giving high returns to such investors.
A future with high potential
The Uttar Pradesh government has done really well in identifying the scope of the Yamuna Expressway and transforming it into a real estate marvel. Be it studio flats in Greater Noida or a retail and office space, there's every choice with investors. Thanks to the increasing employment opportunities, the region will attract many young populations seeking affordable housing options.
Conclusion
The upcoming Noida International Airport is set to become a major international gateway for tourism and trade. It will significantly impact the real estate of the surrounding region, especially the Yamuna Expressway and Greater Noida.
With the Airport coming into action, there is a proposal to enhance the connectivity of the region to major cities and employment hubs.
With the improving infrastructure of the region with modern amenities and facilities, quality of life will enhance and give high land value appreciation to Studio flats in Greater Noida.
Commercial and industrial investment tends to provide job opportunities, resulting in a high population surge in the area. This will lead to increased consumer demands and will result in heavy footfall in commercial spaces.
