Greater Noida is indeed a rising industrial town located in the outskirts of Delhi which has transformed from a small glitch on India’s map into one of India’s biggest Industrial corridor. Presently, Greater Noida is now viewed as an investment zone with full-fledged real estate viability. According to real estate experts, Greater Noida has witnessed a rise of 300% in demand of residential projects and thus its future looks even brighter. The positive outlook towards Greater Noida can be attributed to the following factors: The introduction of National Capital Region Transport Corporation (NCRTC) that has developed the transit systems between Delhi and Gautam Buddh Nagar is a major factor that works in Greater Noida’s favor for growth. The connectivity of Greater Noida with Delhi and Noida has improved significantly in recent time because of the Noida – Greater Noida expressway has eased the pain of commuting to it from Delhi-NCR and with that Greater Noida residential projects are increasing in numbers. Purchase apartments in CRC Joyous Greater Noida West , Plots in Gaur Yamuna City and Property in Greater Noida locations.
People who are working in the industrial belt of this area or Noida are looking for affordable homes here. The introduction of NCR 2025, that states that Greater Noida Complex (GBC) will witness nearly 128 housing sectors and construct schools, dispensaries, commercial complexes, park, stadiums and community centers. Various big names such as Honda, Gillette, Lafarge and many others have started their manufacturing hubs here which are expanding rapidly. The government has also proposed bullet train and metro connectivity that will improve its prospects even further. There is a 20 to 30 per cent appreciation in the Greater Noida real estate in last 2-3 years on an average and it is expected to go even higher in coming years. One can easily get flat in Greater Noida that will surely be a nice investment for future. There is also a significant growth in office and retail spaces in here. A large number of office complexes, shopping malls and multiplexes have come into existence in the heart of Greater Noida recently, making it a holistic place to live in.
Residential projects in Greater Noida are considerably cheaper when compared to a Noida or Delhi. The average ticket size of an apartment here ranges between Rs 2400 and Rs 3500 per sq. ft. The affordability factor of housing projects in Greater Noida has tilted the odds significantly in Greater Noida’s favor. The Uttar Pradesh Industrial Investment Corporation (UPIICO) has developed 15 industrial areas in Gautam Buddh Nagar district, which support over 290 large and medium-scale manufacturing units which is also attracting many people to this place. There is a lot ground work needed to be done in Greater Noida to make it on the top of the realty pyramid. Presently, it’s the affordability that has channelized as the investment magnet for various people.
