WHY NOIDA IS NCR’S MOST POPULAR DESTINATION
“If you have to map a nation’s progress, then look at the technology behind it’s thinking and strategy behind its infrastructure. Noida is a reflection of this powerful combination, where the urban landscape has been strategically and digitally aligned with employment, education and top line health care.”
—-Rachna Sharma, CEO 333Acre Group
Imagine a home in lush green spaces with state-of-the-art infrastructure, great connectivity and not too far from the hustle and bustle of New Delhi. If you are looking for a well-planned city with employment opportunities, educational and healthcare institutions then New Okhla Industrial Development Area (NOIDA) fits the bill. Factors like low land prices, a better appreciation of rates and favorable return on investments have made the city a much-sought-after destination in NCR region, for the young and experienced investors.
Noida has an eclectic social mix which caters to every budget and lifestyle. Right from fast developing infrastructure, basic amenities like water and power, cost of living, metro and road connectivity to circle rates, the property in Noida is more buoyant than ever before. Not only is this city in sync with latest property trends in workspaces and residential complexes, it also offers a big window of opportunity in entertainment, healthcare and property investment.
Not to mention Film City in sector 15, Mall of India, GIP Mall, Garden Galleria Mall, Appu Ghar, Kidzania, Wave Mall in Sector 38 and malls in other sectors which have top restaurants, cinemas, shopping centers, entertainment zones and more activities. The presence of top companies like HCL Technologies, KPMG etc has made property in Noida very attractive.Healthcare giants like Fortis, Max, and others to have made their presence felt in the city while industries have made inroads in the city as well.
The circle rates in Noida for residential plots range from Rs. 40,000 to Rs. 119,050 per square meter. On the other hand, circle rates for residential apartments the 2016-17 circle rates range from Rs. 25,000 to Rs. 55,000 per square meter. The current circle rates for commercial properties range from Rs. 155,000 per square meter to Rs. 567,000 per square meter.
The 333Acre Group conducted an extensive survey in Noida to study what made the city most sought after. Here are some current and future findings from our survey that make property in Noida a sensible investment option:
Strategic Planning: Well planned city divided scientifically into sectors where an industry is segregated from residential space.
Property Hotspots: Yamuna Expressway (affordable housing), Pari Chowk, Greater Noida, Noida Extension.
Affordable housing projects which are well planned with basic amenities.
Metro corridor: Besides existing metro connectivity with Delhi, a 29 km-long Noida-Greater Noida Metro link by Noida Metro Rail Corporation (NMRC) has been approved.
Uttar Pradesh Government may get approval for rewriting of Real estate regulation bill. This means at least 100 under-construction projects in Noida will come under its purview creating greater accountability for buyers and investors.
On-Ground Property scenario: Approximately 17 under construction projects at Yamuna Expressway and upcoming 40 projects at Greater Noida.
Upcoming airport: NCR is all set to come up at Jewar in Gautam Budh Nagar district, thus augmenting property prices.
Connectivity: Proposed extension of the Dwarka-Noida City Center to Pari Chowk will give direct connectivity to Delhi and other NCR.
Future Economic Hub: Proposed Export Promotion Zones and Taj Economic Zone along the Yamuna Expressway will give the state economy a huge boost.
Top Builders: Presence of top developers like ATS Group, Prateek Group, Supertech, Jaypee Group, Amrapali Group, Wave Infratech, Lotus Greens and 3C Company.
World class living spaces: Upcoming 3BHK-BHK 2,000 sq ft-3,00 sq ft residential Super luxury and luxury projects.
Central Park to develop a 25-acre land parcel as a commercial hub in Sector 67, Noida boasting of world class workspaces.
While property in Noida has got a huge fillip over the years, let’s not forget the digital footprint which is making its presence felt in the portals of Noida administration. All property records are now digitized, making access and connectivity easier. Mushrooming of online property portals and digital marketing to have given a huge boost to both sellers and buyers. Now, you can survey any property in Noida from the comfort of your home with the click of a button. You can choose your property type based on your needs and the city has choices for you. We, at 333Acre Group, believe that this what property in Noida is all about: a life of comfort with a variety of living choices at your fingertips.
333acre conducted a survey amongst the youth, senior citizens, residents, employers, developers, government officials, corporate, industry and entertainment centers at Noida. Here is the score card which explains why Noida is a preferred real estate destination for now and the future:
PARAMETER SCORE TOTAL
- Infrastructure 8/10
- Connectivity 9/10
- Employment 10/10
- Education 8/10
- Healthcare 9/10
6. Entertainment 10/10