Today, Delhi NCR has become a lively hotspot of culture and lifestyle, attracting people from all over the country looking for better living conditions and opportunities. The place is marked by tall skyscrapers, a vast residential real estate market and large MNCs offer many investment options. If you’re planning to invest in Noida, you’re on the right path!
Noida is the most preferred destination for real estate and investment in the NCR region. It’s a lively city in Uttar Pradesh, an acronym for New Okhla Industrial Development Authority, which is part of Delhi NCR. The city has become famous due to its cutting-edge residential projects, as well as remarkable commercial projects.
In particular, it allows investors who are thinking about where to put their money to benefit from its proximity to Delhi and its strategic location. This city offers a variety of job vacancies, with malls, cinemas, clubs and residential complexes for everyone’s taste. If you are considering investing or need a new home, you should consider moving to Noida.
Noida – History of Development
Noida is run by the New Okhla Industrial Development Authority. Each constituent of Noida is divided into different sectors since it is a planned industrial town. At present, there are 163 sectors in the whole of Noida where they have diverse types of land use like recreation, commercial investment in Noida, residential land use patterns, institutional sections; warehousing areas etc.
As far as parks, schools, business centres and hospitals are concerned; name it and the city has them all. Some of the best places to buy property in Noida include Sectors 75,76,77 and 78 which constitute the central region of Noida. These sectors also have the maximum amenities, and greenery besides investment potential value-wise.
Why Should You Invest In Properties In Noida?
Noida is popularly known as the “Electronic City of India”, and it is one of the most famous planned cities in Gautam Buddh Nagar district within Uttar Pradesh. The city was established in 1976 and has since had a huge capacity for growth and development. Only recently has this potential started coming out and people began noticing its existence.
Here are some of the big reasons why you should invest in Noida today:
The Seamless Connectivity of Noida
Noida is rated so highly because of Its location advantage that enables continuous movement and connectivity to Delhi, Gurgaon, Faridabad, Ghaziabad and Greater Noida. With the ever-growing number of inhabitants in Noida, the government has also been working on enhancing connectivity by opening more projects.
Presently, there is a direct flyway between Delhi and Noida. The convenient connection is also through the metro Blue Line having stations like Noida Sector 52, Noida City Center, Botanical Garden, and Sector 16. This metro links Noida directly with other major areas such as Connaught Place, Janakpuri, Dwarka, Rajouri Garden, Anand Vihar etc.
It takes less than two hours by metro to reach Gurgaon and Faridabad.
Additionally, there is also the Aqua line metro, which runs from Greater Noida to connect some major areas like sectors 50, 76, 101, 81, NSEZ, 83, 137, 142, 143, 144 & 145-148.
Similarly, Greater Noida is connected by road to Buddh International F1 circuit, Indira Gandhi International Airport, Pari Chowk, Ghaziabad railway station and Nizamuddin railway station all within 50 km distance from Noida.
A Hub of Retail and Commercial Investment
The city is known for its collection of retail investment options and the best commercial investment in Noida. Whether it’s vibrant local markets or posh, contemporary malls, Noida has everything you can ask for.
If you are looking for affordable clothing, accessories, footwear, and home décor options everything can be sourced from local marketplaces like Atta Market in Sector 27, Savitri Market in Sector 18, Brahmaputra Market in Sector 29 etc.
Other than the local markets, Noida is known for its big shopping centres and grand malls, like the Mall of India, The Great India Place, Gardens Galleria Mall, Wave Mall, Spice World Mall, Tulip Mall, Gaur City Mall, etc. These commercial projects have extravagant theatres, vibrant nightclubs, upscale restaurants, and premium brands that cater to all types of residents in the region.
High Employee Concentrations In Noida
As India’s next big commercial centre, Noida, is home to some of the world’s most renowned businesses and MNCs. The city has been ranked as the fourth-largest in terms of IT BPOs in the country. Aside from the service sector, Noida has also jumped the ranks when it comes to smartphone manufacturing by becoming the largest smartphone manufacturing region in India.
Currently, the best property investment in Noida for opening businesses is in the central region. It is home to some of the well-established global businesses that include the likes of Rockwell, Adobe Systems, and EXL. As an IT hub, Noida has given space to leading IT companies like NIIT Technologies, Adobe, Microsoft, Oracle etc. with offices in Central Noida. Other companies that have branches in Noida include the Times of India, Everest Industries Ltd., Dish TV India Ltd., and many other well-known Indian businesses.
Great Planning And Design With Spacious Roads And Trees
As mentioned earlier, Noida is the result of long-term planning in terms of the city’s layout, sectors and amenities. Below are some factors that make Noida one of the better-planned cities in India:
Noida is home to India’s top educational institutions, like DPS, GD Goenka Global School, Lotus Valley etc., all located in the Noida metropolitan area. On the higher education front, the city has quality higher education institutions like Amity, Jaypee, Sharda etc. in the region.
The medical facilities in Noida are top-class with institutions, including Apollo and Jaypee Hospital located in central Noida.
If you are looking for the best investment in Noida, banking and finance will not be an issue for you. This is because the city has multiple branches of leading banks and financial institutions like HDFC, SBI, Bank of India, and ICICI Bank, among others.
In terms of recreational facilities and green spaces, Noida is no less. The city abounds with well-maintained parks such as Rashtriya Dalit Prerna Sthal; Meghdootam Park; Shahid Bhagat Singh Park etc.
Jewar International Airport – A Turning Point for Noida
The advantage and value of property in Noida where it stands today has increased over time. The announcement concerning a major airport in Jewar made it even more appealing to investors thus enhancing its significance as an attractive location. Situated just 13 km away, this airport will cover 4,000 acres around Gautam Budh Nagar.
In 2018 the construction of Jewar airport began and its purpose was to serve local airlines and international ones too or rather vice versa so that will be a big plus on behalf of homeowners in Noida since they won’t have to go all the way to New Delhi’s Indira Gandhi International Airport which is about 44 km away.
Property Trends Of Noida
While Noida as a whole is booming, there are different areas and price trends that one needs to consider while looking at the best property investment in Noida. Central Noida accounts for most of this growth in the city. This include Sector 107 in Noida which grew by 27.5%, followed by Sector 50 which grew by 20.6%, and Region 121 with a rise of 13.4%. These high-growing properties are also expected to have a price appreciation of approximately 1.9% over the next three to six months. Topping this list is Noida’s best – Sector 128 with a massive 28.1% growth.
Best Areas To Live & Invest In Noida
There are several reputed developers in Noida, offering unparalleled investment and residential living opportunities. From ultra-luxury villas and malls to cosy apartments and small shops, the city has something for everyone. Below are some of the best projects to invest in Noida:
- The Central Noida cluster including Sectors 75, 76, 77, and 78
- Sector 50
- Sectors 55 and 56
- Sector 47
- Sector 49
- Sector 137
- Sector 62
- Noida Extension
Another crucial thing that people often overlook about Noida is that it has lower living experiences than other parts of Delhi NCR. In the longer run, lower living experiences help you enjoy a better lifestyle, hence so many families choose to live in Noida, because it’s inexpensive, secure and convenient. Many people who live close to Wave City and the Botanical Garden are moving to sectors in Noida because these areas are more expensive and offer fewer amenities.
Conclusion
Noida is a truly urbanised metropolitan city and a crown jewel for the state of Uttar Pradesh. The rapid urbanisation, upcoming international airport, affordable housing, and a series of lucrative commercial properties make it the most sought-after location. Out of all the sectors to invest in Noida, the central region hosts the majority of the population and well-built neighbourhoods, making it a high-growth zone. A series of well-established Indian and international MNCs operating in the area makes it attractive for service professionals. These factors have invited people from all over the country to come and settle in this region and further speed up the development process.
FAQs
Is it good to buy property in Noida?
Yes, Noida is a rapidly urbanising city with limitless economic growth and high potential for investments. The city’s robust infrastructure, growing job market and numerous projects make it an ideal city to buy property in.
Is this the right time to invest in Noida?
This is the best time to invest in Noida. Noida started standing on its massive potential in 2010 and till now the city is growing at a massive rate. Now there is a great economic ecosystem created in the city that gives stable rental yields for investors and long-term capital appreciation for property owners.
In which sector do I invest in Noida?
If you are looking for commercial property options in Noida, Sector 75 is the most thriving area. It offers a great commercial hub strategically located in the heart of Noida, making it an attractive destination for property investment.
What is the safest sector to live in Noida?
Central Noida is filled with people and is probably the safest area in Noida. Some of the safest sectors here in terms of personal safety include Sector 50, in Noida Extension, Noida Sector 55, 56, and Noida Sector 47 etc.
Why should I buy property in Noida?
There are plenty of compelling factors, which make Noida the number one location on your bucket list while buying property. The excellent job prospects, malls, clubs, and residential complexes, as well as the location and cost of living, all make Noida the best place to buy property.
Which is the best sector in central Noida?
All the gated communities in Noida, including Sectors 75, 76, 77, and 78, are known for their excellent locations, variety of properties and reasonable pricing, providing property buyers with some of the best amenities offered across the city.
Is it a good time for real estate investment in Noida?
Many factors make Noida a great place to invest your money:
- Firstly, big businesses and a thriving IT sector make Noida an excellent place to live and invest in.
- Secondly, Noida is a meticulously planned city that offers many options of investment for people with all kinds of budgets, while also delivering the finest ROI.
- Thirdly, Jewar Airport will change the equation of growth in Noida. While it’s still in the development phase the prices of property are on the lower side, once the airport is fully operational that pricing will skyrocket without a doubt.
Is Noida better than Delhi?
Delhi is the national capital of India which boasts a great lifestyle, iconic monuments and an unparalleled legacy that is hard to beat. However, Delhi has become massively overpopulated with many issues related to traffic, fewer opportunities, high competition etc. So, if you want a quieter lifestyle, a better lifestyle and unlimited opportunities you should look for the best place to invest in Noida.