Greater Noida Q2 2015: Rental Property Tracker
• In Greater Noida, all the 5 top markets for rental availability are mainly gaining prominence due to well-built connectivity. Thus, people looking for affordable rental accommodation without compromising on connectivity to Delhi and Noida prefer these micro-markets.
• In top rental markets based on availability, Sector PI I & II emerged as showstoppers, which boast of an array of residential options in affordable price ranges.
• Next in line is Sector CHI IV. At present, professionals working in sectors along the Noida-Greater-Noida Expressway prefer rental accommodation in this sector. Moreover, the commercial establishments here are also fuelling demand for apartments owing to inadequate security facilities. Thus, it has also secured a slot in top markets based on rental yield.
• Sector ZETA I and Pari Chowk secured third and fourth position, which have also featured in top markets based on rental yield. In ZETA I, rental demand is mainly driven by student population from the nearby educational hubs such as Knowledge Park that houses several management and engineering colleges and Gautam Buddha University.
• Pari Chowk houses several educational institutions and commercial developments in and around the area. Moreover, it also acts as one of the few nodes in Greater Noida that provide public transportation to Noida and other neighbouring cities.
• Due to affordable property values and good accessibility to Noida, Yamuna Expressway has managed fifth position on top 5 localities for rental property in Greater Noida.
• It is interesting to note that rental demand in maximum markets is mainly driven by students’ population from the nearby educational hubs such as Knowledge Park and Gautam Buddha University. In addition, people working in the nearby industries in Eco Tech Zones and UPSIDC Sectors are also catalysing the rental housing demand in these micro-markets.
Disclaimer: The information provided in this Website is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps including CommonFloor’s proprietary data resources, and from the inputs of unidentified individuals. It ought to be considered as a guideline and not as absolutely certain. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is absolute property of CommonFloor /maxHeap Technologies Private Limited. It should not be reproduced in any form, in part or whole, without prior written permission of CommonFloor. The information is provided on an “as is” and “as available” basis. CommonFloor expressly disclaim warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
