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Abounding in reputed schools, shopping malls and retail plazas, restaurants, hotel and hospital chains, the city stands out the well-planned layout of residential and commercial zones. The availability of IT Park and top industries serve as important avenues for providing employment, adds to the Noida’s appeal as a self-sustained city. The social and physical infrastructure of the city is comparable to Delhi and better than Gurgaon, even though the property prices are higher there. Thus the Noida city has become a promising zone for buying commercial and residential property.
With quality infrastructure, superb connectivity via road and metro network, the real estate development in Noida has picked up a fast and furious pace. New and upcoming infrastructural projects are bringing in more growth and demand. According to the master plan 2021 by the Noida Development Authority, several plans to further improve infrastructure and affordable real estate developments are in line. According to the plan, there will be development of wide roads, flyovers, elevated roads, bridges, underpasses, roundabouts on expressway and setting up on new 400MW power grid along with augmented and broadening supply of Ganga water to more residential sectors.
In order to be in competition, major real estate developers are coming up with lots of residential and commercial projects across Noida. The presence of leading developers like Tata Housing, Godrej, Supertech, Mahagun, Ajnara, Ace and Migsun group have increased the number of quality real estate developments and also led to competitive pricing of the property in Noida, which ultimately benefiting homebuyers and investors.
These projects offer great housing options to the buyers in different configurations with world-class amenities. With average property rates in the range of Rs. 4200- Rs. 5000 per sq. ft. and onwards, depending on the size of property, location, and amenities on offer, real estate in Noida offers a wide array of options in affordable, mid range and luxury housing categories. From budget-friendly apartments to luxury villas, commercial complex to retail spaces, there are numerous options and you can grab the one as per your pocket size.
The sectors along Noida-Greater Noida expressway offer a large bouquet of investment options to buyers at low prices and incentives for future appreciation. All the locations in Noida offer great scope for sustained growth for all segments of realty sector. With people increasing looking to live in affordable areas, demand, prices and rent will keep pushing up in the emerging areas of Noida in the years to come.