Noida houses some of the top IT companies in India, besides being one of the booming real estate hubs in the city. Over the last decade, the city has witnessed an influx of startups and MNCs. Office spaces and retail zones look futuristic, and there are plenty of incubation centers in the center. The demand for Noida real estate has been increasing over the years. For investors and property owners, purchasing a quality apartment in Noida turns out to be a lucrative opportunity. In the same way, you can benefit from investing in the commercial real estate sector in the city.
Noida has also been attracting high-end property buyers and NRI. The city has some unparalleled facilities in terms of amenities, and environment, and offers an elevated standard of living. The seamless connectivity to Delhi, competitive property costs, and decent returns from real estate are some of the drivers of the booming economy here.
An interesting study reveals that in the third and fourth financial quarters of 2019, around 80% of the overall supply of office spaces in Noida was leased off. Even after the pandemic, the demand for residential and commercial real estate in Noida remains high.
The upcoming Jewar Airport is one of the prime reasons for the escalating property values in Noida. This airport is poised to be the largest in India, and will be having six to eight runways. According to estimates, this airport would be benefitting more than 10 crore passengers. Also, it will remain connected to 31 international and 37 domestic destinations.
With the airport coming up close to the homes and commercial spaces in Noida, business is likely to get a boost. Besides, the Gurgaon region, which is also a part of the NCR, will benefit from this project. Apart from this, the residents in Noida can tap the strong job potential. The residential real estate market will get a boost.
Currently, investors and property owners are looking for RERA approved real estate in Noida. Reputed developers are coming up with new projects in different sectors around the city. Therefore, with escalating property prices and strong connectivity, you can expect the real estate market in Noida to keep growing. Investing early in this upscale market, you can capitalize on the growing asset value. Therefore, this would be the right opportunity for you to make the investment.
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