Greater Noida is one of the most upcoming townships of Delhi NCR (National Capital Region). In recent times, the real estate sector of the region has witnessed a boom due to its primary location and other advantages. Properties are bought in the city for both investment and self-use objectives. The proximity of Greater Noida to Noida, the commercial and IT hub is further an added advantage for its growth. There are a lot of people taking up jobs in Noida and thus Greater Noida serves as a means of accommodation to them. They can rent well furnished apartments or flats in Greater Noida to reduce the commuting distance.
The uplift in Gr. Noida property came about due to a number of reasons. When the rates of property in Delhi became unaffordable, people started to look for regions close to Delhi that could offer housing at lower rates. Also, the commercial sector in Noida began to develop at a phenomenal speed with many companies settling down there. Both these reasons directly led to the development of Greater Noida as the next hot spot for both residential and commercial activities.
The increasing demand for housing has been well captured by the builders and property developers. the city is soon to see various townships, many more commercial headquarters and a lot of infrastructure development. Also, there are a number of tourism and entertainment projects under development in the city. Greater Noida is emerging as one of the largest industrial and education hubs of India. It is, in fact, a site for some of the events of Commonwealth Games. The pace of above developments acts as a catalyst in flourishing the property market.
The strategic location and greenery of the city is attracting all the more people to lay foundations of their homes and industries. The demand for property in Greater Noida has reached such a pinnacle that supply seems deficient, resulting in a hike in rents and property prices. Also, authorities play a crucial role in keeping the environment unsullied by not allowing industries to set polluting industries in the area. With the increase in costs, many high quality establishments for the residential sector are surfacing in the city. This high value is given a boost further by improving the infrastructure in the form of wider roads, refined drainage system and perfect underground cabling. As if this wasn’t enough, many world class shopping destinations are opening up, ultimately attracting more investors to the city.
The prices of property in Greater Noida have been growing ever since it won the attention of buyers and investors. In Greater Noida, the property rates are between Rs 2,400-2,800 per sq ft while land rates range between Rs 16,000 – 22,000 per sq m. The premium and well-settled sectors of Greater Noida include Alpha, Beta, Gamma, and Delta followed by sectors like P3 and Swarna Nagri with slightly higher prices.
One of the best features of life in Gr. Noida is its improving connectivity to some of the key cities like Noida, Delhi, etc. An international airport is coming up in Greater Noida that will help in elevating its global appeal. Also, after Noida, Greater Noida will also be connected by Delhi’s Metro Railway. Next in the line is The Taj Expressway; giving access to the Taj Economic Zone, the Aviation hub and the International Airport being developed along the expressway. In order to create awareness on environment and to encourage tourism in the city, the setting up of a Night Safari is also proposed.
With all the above developments taking place, Gr. Noida has become one of the most sought after destinations for both residential and commercial purposes. Being an Education Park, a premier tourist spot, largest industrial hub, etc and with a Formula One circuit, an 18 hole golf course called the Jaypee Greens, etc. coming up, what more can one ask for!