September 18, 2014

Why Noida is preferred for new real estate projects in Delhi-NCR?

Usually buying a home requires research, understanding the financial options and site visits to choose the right property. In Delhi NCR, many regions offer infrastructural development, good connectivity, work force improvement and residential projects but realtors prefer Noida for new residential projects. Noida is a city in Delhi – NCR, under the management of the New Okhla Industrial Development Authority (NOIDA) which offers quality projects in all ranges, from luxury to mid segment and in all price brackets.

real estate projects in Delhi-NCR

According to property experts, it is expected that Delhi NCR region will witness a considerable forward momentum in the real estate industry. Here are the reasons why Noida is preferred for real estate projects:

1.    Room for expansion: Availability of huge land parcels is abundant in Noida, making it suitable for the launch of new projects in the city. Thus there are wide options in terms of inventories in Noida and Gurgaon. Flats in Noida are available in all sizes and price

2.    Proposed Smart City: The smart city proposal in Noida and greater Noida has created a favorable environment for real estate industry in Noida as the property prices are appreciating every day.

3.    Infrastructural Advantage: Noida is growing and expanding opportunities for business centers and IT parks which will bring career opportunities and in turn real estate growth.  The MNCs located in Noida include IBM, TCS, Wipro, HCL, Tech Mahindra, Ericsson, Dell, Accenture, Samsung, Adobe systems etc.

4.    Better Return on Investment: The low pricing of real estate properties and plots is one of the key factors for the launch of new real estate projects in the city. Within few years, the buyers who opt for flats in Noida for sale can get better property appreciation and return on investment.

5.    Better Connectivity: Noida will get direct connectivity to Delhi and other NCR regions via the proposed Dwarka-Noida city center to Pari Chowk expansion. The Metro rail network is expected to cover 29km long Noida – Greater Noida metro link. The good connectivity through metro and road network also boosts the real estate market in Noida.