Greater Noida: The next residential and commercial hub
For long run investors and future home buyers, regions on the edge of Greater Noida, in Greater Noida and Greater Noida West are fast emerging as the key realty hot spots in NCR. A very prominent sight last year was the price appreciation that took place in these regions with over 20 percent recorded; being higher than that of Delhi and Noida itself. Sectors adjoining Greater Noida such as sectors 148, 150, 154, 156 and others also saw a major capital appreciation.
As Delhi is becoming saturated and Noida becoming expensive, buyers have started to move forward towards the outskirts of capital where regions in and around Greater Noida are being well focused by the authorities to develop it into a smart city for future. At the same time, the connectivity and location advantage that these regions carry is unmatched. There are two entry points for Greater Noida; one from Delhi via Mahamaya expressway and other from NH 24. The infrastructure and civic amenities are very sound in the region with a lot promised as well.
Real Estate names such as Bhasin Group, JM Housing, Ajnara, Supertech, Jaypee, Amrapali, Antriksh Group, Cosmic group, Gulshan Homz, Saya, KVD, ACE, Gaur and many more have made their presence felt in the region with all getting geared up with their projects. Many residential and commercial projects are underway in the region with wonderful amenities and facilities to pamper their residents and users.
After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing enormous appearance of real estate developers for past few years and thus, property appreciation. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in Greater Noida.
Rupesh Gupta, Director, JM Housing believes that, “as a developer we feel thankful to the state government for providing us with such a place to build. It has got everything that a developer would want for its project. From a prime location and connectivity advantage to open roads, to metro stations, to hospitals, schools and much more to cherish as a commuter and resident. It has got all that we would want to flaunt our project with. After few years this place will be the ultimate destination of NCR for sure.”
Reiterating the same, Deepak Kapoor, Director, Gulshan Homz says “This region being newer than others has received better attention from the authorities and thus, better infrastructure and facilities at public’s disposal. Also, this region holds a price edge over other NCR regions such as Noida, Gurgaon or even Faridabad. Therefore, it becomes easier for buyers to make the correct property decision and developers are able to satisfy the existing and future demand.”
Greater Noida, at present is the best deal for investment purposes. There is ample of space and scope for improvement and specially with the kind of infrastructure development it has been witnessing; be it Metro connectivity, education sector, health, etc., for the past few years, it is for sure that soon Greater Noida will become the first choice of every modern day investor.
Hrishi Kumar
Hrishi is a young management graduate with experience in the field of branding and marketing.Currently, he is the manager at Integrated Centre for Consultancy Pvt. Ltd (ICCPL)
The views expressed in this article are author´s own
