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Is it good to invest in Real Estate in Noida?

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Is it good to invest in Real Estate in Noida?

20.May.2022

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Noida's realtors are sure about the fact that the coming year will witness sales growth and are likely to attain (pre-COVID) levels soon. A rise in demand is seen towards remarkable developers with a soundtrack record of delivering projects on time. The residential sector will continue with a strong momentum through 2022, with increasing sales figures likely to surpass 2019.

The demand for Noida's properties has grown during the past few years due to the government's development activities. "With the announcement of development (infrastructural) along the Yamuna Expressway (proposed Jewar Airport and Film City), demand for residential property in Noida is accelerating. Due to its recent developments, Noida has already attained an advantage over other surrounding areas.

Through its various policies, the Uttar Pradesh government has created a positive environment to woo MNCs, relaxing labour rules, etc. The onus of these policies will benefit the entire state. Due to its supreme infrastructure, Noida's properties will soon see more demand among the buyers. 

As per experts (real estate), Sector 132, 128, and 134 are located near Sector 137 (the commercial hub), and Greater Noida remains famous for its (2 & 3 BHK apartments). Noida's road network (well-developed) allows for easier commuting, which has raised interest in the real estate sector. Depending on their location, an appreciation rate of 10% to 15% is expected by many homeowners. The Noida Expressway will remain in the limelight because of Jewar airport news.

"Few sectors on the Expressway's periphery, like Sector 128 and nearby sectors, have excellent chances as the costs are still approachable for homebuyers. Sector 128 offers a premium lifestyle, making it one of the most preferred locations.

The area around Sector 128 has several functional schools, hospitals, shopping centres, and restaurants present nearby. There are favourable chances of appreciation in prices in this region as rates are very affordable compared to Noida's other sectors.

Noida's residential sales increased because many banks offer low home loan interest rates and people's interest in purchasing a home. Noida's positive image built among the people is the reason behind its success.

We foresee a positive response in the residential sector in the upcoming months since the momentum is taking place.

Noida is acquiring consideration from young IT/ITeS employees and prominent BPOs. "The circumstance is working as more IT and BPO organisations pick Noida as their favoured area to begin or grow their tasks.

Business rent rentals in Noida are generally 25% to 30% lower than those in Gurgaon. With business activity in areas 62 and 63, Noida has grown into a well-developed market with user-friendly offices and business spaces.

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