Noida is considered the most robust real estate industry in the Delhi-NCR region. Market dynamics in the Noida have been primarily driven due to affordable price ranges (35-60 Lacs), large employment hub & notable development in the infrastructure in the recent times. Noida offers cost effective suitable investment opportunities to discerning buyers, with 2/3 BHK units available in at (~55 Lacs) at the Noida City Center. More economical units are available at Expressway, Noida Extension & NH-24. Noida’s lower cost of living further drives its residential market.
Along with end users that primarily comprises of individuals from Noida & Delhi, Noida also consists of healthy percentages of the investor class. Near around, 40% of the buyers consists of pure investment purpose. Besides, Delhi NCR, the investors come from UP & Bihar cities such as Meerut, Moradabad & Patna.
In addition to Noida & Expressway; Noida extension is touted as the next sunrise market in the in the region. Noida Extension, that is also called Greater Noida West is growing at an unprecedented pace with the surge in infrastructure development & arrival of new IT/ITeS hub. It is believed, that at the current pace, Noida Extension will be completely ready in the next 2-3 years.
A lot of investors are also betting heavily on Yamuna Expressway, that is supposed to be home to some of the world-class tourism & commercial destinations are touted as India’s reply to the Manhattan. However, it will take some more time before actual work will commence in these projects.