The Delhi/NCR region is swiftly evolving as a thriving hub in India’s rapid urbanization, offering opulent homes and expansive offices for global corporations. The influx of lucrative job opportunities is drawing individuals and families to relocate to Delhi/NCR. Amidst this urban surge, Noida (New Okhla Industrial Development Authority), nestled in Uttar Pradesh, distinguishes itself as a meticulously planned city garnering acclaim for its high-end residential and commercial offerings.
For prospective investors eyeing Delhi/NCR, Noida emerges as a promising choice. It not only provides abundant job opportunities, trendy shopping areas, vibrant clubs, and luxurious residences but also offers the added convenience of proximity to Delhi.
Why Choose Noida?
Noida acts as a magnet for large international businesses. Its proximity to the capital makes it a rapidly growing metropolis. The excitement surrounding the upcoming Jewar airport is fueling Noida’s growth, leading to an increase in property sales.
Fast Growth and Better Infrastructure
In just a few decades, Noida transformed from a planned industrial town to a lively city. People invested in making things better, like wider roads, a good metro system, and an organized way to get around. And guess what’s coming soon? The Noida International Airport! It’s like the cherry on top, expected to make the city grow even more.
Affordability and Smart Prices
Noida is a more cost-effective choice than Delhi and Gurgaon because it’s surrounded by greenery. Although Delhi can be crowded and expensive, Gurgaon has a higher cost, and Noida provides you with a comfortable lifestyle environment.
Fancy apartments, cozy studios, or sharing spaces – there’s something for everyone. It’s not too expensive like in Delhi. It’s like getting a super cool deal for your dream home.
Average Cost of Apartments in Noida Compared to Gurugram
- Average Cost of 2 BHK Starting from 40 lakhs*
- Average Cost of 3 BHK Starting from 50 lakhs*
- Average Rent of 2 BHK 15,000 per month
- Average Rent of 3 BHK 25,000 per month
These figures provide a snapshot of the housing market, showcasing the affordability and varied options available in Noida compared to Gurgaon.
Busy Commercial Hub and Lots of Jobs
Noida has become a destination for career-oriented people as it offers a plethora of job options in the fields of IT, manufacturing, and finance. Building a home or office space is a smart investment, as more and more individuals and businesses are always in search of accommodations and working areas.
Noida is a key city in the National Capital Region (NCR) which boasts several prominent commercial hubs:
1. Sector 18: Known for trendy shopping malls like The Great India Place and Gardens Galleria, offering a mix of retail, dining, and office spaces.
2. Sector 16A Film City: A hub for the media and entertainment industry, hosting production studios and offices for television channels and media companies.
3. Sector 62: A growing commercial center with corporate offices, IT/ITES companies, and business parks, attracting multinational companies.
4. Sector 63: Special for diverse corporate offices, commercial complexes, and IT companies, tended for strategic connectivity.
5. Logix Cyber Park (Sector 62): A prominent IT/ITES SEZ housing IT companies, corporate offices, and BPO firms.
These hubs cater to various industries, providing essential services, office spaces, and entertainment options, making them vital for business activities in the region.
Good Returns: High Rent and Property Value
Investing in residences and offices in Noida is like having a magic money tree. Many individuals want to live and work here, so if you own a place, you can get a wholesome amount as rent. Plus, the value of your property will keep going up over time. It’s like having a secret money-making machine!
Fun Lifestyle and Great Facilities
Living in Noida is like living in a fun club. There are advanced and modernized schools, the best hospitals, futuristic malls, fun places to hang out, and ample green spaces. It’s a comfy and easy life that everyone dreams of.
Noida is home to a variety of reputable hospitals and schools that provide excellent healthcare and education. For healthcare needs, renowned establishments include Fortis Hospital, Kailash Hospital and Heart Institute, Jaypee Hospital, and well-known educational institutions such as Delhi Public School, Amity International School, Lotus Valley International School, and many more.
Government Support for Investors
The government is supporting investors in Noida. They have good plans and tax benefits for people investing in homes or offices here. It’s like getting a thumbs-up from the government for making a smart move.
Noida is like the rock star of investments. It’s growing fast, has good jobs, makes your money grow, gives you a great life, and the government is cheering you on. Investing in Noida is like grabbing a front-row seat to the show, where success is the headliner and you’re part of the winning cast!
