A Gamut Of Reasons For Investing In Real Estate Industry In Greater Noida

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By Barsha Mishra

In a recent report, among the eight hot location of real estate in India that yields a high return on investment, Greater Noida is counted to be one of them. Greater Noida is planned with obsession according to the international standards to embrace the future investment. It is a Model Integrated Industrial Township that is equipped with comprehensive infrastructural facilities that are in sync with the international standards. Today the infrastructure of the city is considered to be a benchmark in the arena of Urban Planning and Infrastructural development in the country. It is also known to provide conducive ambiance to the investors in the northern part of India.

Infrastructural development as per international standard

Greater Noida is a hot destination for investing in real estate owing to a number of reasons. Strategic location of the region, availability of the basic amenities and infrastructural development of the region, all have contributed to this course. Within NCR, this area is in close proximity with the international and domestic airports at the national capital and also is well linked with the same. The railway station is also located only a forty-five minutes’ drive from this area. Connectivity with the national capital, other regions in NCR and also other towns of Uttar Pradesh is seamless through various expressways and National highways.

Well-connected and basic amenities available

Being well connected many investors flock to this region for investing in the residential properties. A metro is also proposed that will run through this area, so it is expected that there will be a further surge in the realty industry in the area. There are open wide rides of almost 130 meters running through this region with lush green plantation is another reason for attracting the investors. The social infrastructure of the area has also been improved by the local authorities. In the residential societies, there round the clock supply of sweet water and there is uninterrupted supply of electricity.

Appreciation in price

The excellent infrastructural development and availability of the world-class amenities gave attracted the investors and builders alike. There has been a steep appreciation in the price of the property in Greater Noida and it is about twenty one percent. In comparison to its neighboring areas, the real estate market is known to attract mire of the low-ticket investors. Real market in Greater Noida is not specifically for the end-users, various investors hope to yield a high return in their investment in the coming years. Of the many hot locations for the realty industry one is Noida Extension and an appreciation of 16 percent was witnessed in the prices of the property, whereas in the areas adjacent to Yamuna Expressway there was an appreciation of 21 percent in the price.

Few upcoming projects

Presence of the F1 racing track, night safari, golf course along with the proposed projects as India’s largest aquarium, Tourist destination also contribute to the appreciation of the price of the property in the region. NRI investment in the real estate arena is remarkable in this area. Though a location in Greater Noida was troubled due to legal issues, now the same has been resolved and the investors are also flocking to purchase an apartment in that area.

 

Pl e mail your comments /feedback at barsha.mishra@commonfloor.com 

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