Noida Real Estate Market Sees Major Turnaround This Year

Noida has always remained favorite of real estate players in NCR. The well planned city has immense scope of growth with respect to infrastructure and civic amenities that are undergoing constant upgradation. Over the past ten years, there has been tremendous increase in office space absorption. It is fast emerging as a corporate hub with continuous opening of numerous IT/ITES companies around the place. Emergence of employment generating avenues attract skilled professionals all over the nation.

Ease of doing business and reform in FDI norms across 15 sectors, including real estate has triggered developments activities in Noida and its vicinity. Noida real estate has picked up growth aided by easing of land acquisition, single window clearances and on-line of procedures. Now more and more companies both national as well as International are entering into the booming commercial real estate market of Noida. Currently, it is home to a number of multi national companies and over 500 fortune companies marking economic growth in the region. There are many attractive commercial projects in Noida at present.

Noida sectors 15, 16, 18, 25, 32, 62, 125, 126 and 127 are witnessing exponential population growth and development. The exiting and upcoming commercial projects in these areas offer high end commercial and office spaces promising higher investment returns. These locations enjoy smooth connectivity with Delhi via DND flyover and Expressway. Construction of Mahamaya flyover is a boon to the place as this connects all major roads in Noida to the national capital city. With greater accessibility advantages, it has huge potential for real estate property development in the upcoming sectors of Noida and further to Noida Extension.

As per the Noida Master Development Plan 2031, Sectors 25A and 32 have been proposed 98 hectares to develop commercial centers as well as few other subdistrict centres. Sector 18 already has major a 35 hectares commercial zone. Wave Infratech and DLF have strong presence in the area. Almost all the sectors in NOIDA have Sector wise shopping centers and local level markets that are rising it as an commercial hub.

Presence of sound social & physical infrastructure has made these areas as the most preferred residential destination in the national capital region. Although residential market at the place saw sluggish growth yet it is reviving with new launches in the affordable housing segment. Many real estate players Lotus, Ace, Gaursons India, Gulshan Homz, Victoryone etc are presenting integrated apartment and township in prime localities of NOIDA. People have started showing interest in investing in the upcoming residential projects in Noida.

Implementation of REIT (Real Estate Investment Trust), and reduction in interest rate by RBI have enabled investors as well as home buyers build trust in the sector. These initiatives of the new government assist investors reap maximum benefits mitigating the risk factors. Property in Noida is becoming immensely lucrative enabling enhanced flow of investments from rentals and price appreciation. Market analysts expect rise in property prices in the coming years. Since property market is improving, it will be a wise decision investing in this part of NCR .