Delhi NCR is undoubtedly one of the fastest growing regions in India. This growth can be attributed to a number of promising factors including a large number of remunerative jobs, and continuously evolving infrastructure. No wonder, due to the phenomenal growth of the region, the cost of living here has spiked prominently and real estate remained no exception.
The real estate prices in Delhi have sky-rocketed like never before and this has resulted in people and companies shifting to the adjacent cities like Noida & Greater Noida. while hunting for a better infrastructure that is not too heavy on pocket. Thus the real estate sector in Noida & Greater Noida is experiencing remarkable growth and endless opportunities.
New Okhla Industrial Development Authority or Noida as we call it, is a systematically planned city where the real estate landscape, be it residential or commercial, is continuously developing at a rapid pace. The region being a hub to so many big companies, promises a plethora of job opportunities and beneficial facilities in terms of infrastructure like marriage gardens, schools, colleges, shopping malls and more.
The government is also working on boosting the connectivity of these cities with Delhi through Delhi Metro’s Magenta line set to connect South Delhi to Noida & Greater Noida region. Also, lately, Union Information Minister has made an announcement that the union government in collaboration with UP Government has plans to develop Noida & Greater Noida similar to the state of Singapore.
NOW is the BEST TIME to INVEST in REAL ESTATE in NOIDA & GREATER NOIDA. Go through the following bullet points to have a quick glance at the list of major benefits this investment is bound to bring its investors:
Plummeting Prices:
The real estate in Noida & Greater Noida has undergone an evident slowdown due to the demonetization as well as the execution of both RERA and GST. The cities have recorded an all-time high number of unsold properties. This scenario has forced the investors to sell varieties of property at reasonably affordable prices making it a lucrative proposition for the prospective buyers.
RERA Implementation:
Real Estate Regulatory Authority or RERA as it is popularly known as, stands for an act implemented in the year 2016, aiming to protect the home buyers from the dodgy acts of the builders and developers. Under this act the builders are made to follow the guidelines put forth by the Government in order to ensure complete transparency in all the property dealings taking place thenceforth.
Furthermore, it grants investors the right to file any complaint against their agent or promoter by following some quick and simple steps. The Uttar Pradesh Real Estate Regulatory Authority implemented this law in order to shield the home buyers from all kinds of possible frauds thereby boosting the investment in real estate industry.
Growing Connectivity:
As more and more population is shifting to Noida & Greater Noida in search of better investment options, the government is committed to boost the connectivity of the regions with Delhi in order to facilitate smooth transportation through various metro projects, road projects and expressways. Completion of Jewar Airport Project, which is currently under construction, is bound to bring a sudden spike in the real estate prices in Noida & Greater Noida.
Infrastructural Edge:
When it comes to infrastructure, Noida & Greater Noida are known to be two of the best-planned cities. The cities feature well-built roads featuring some of the renowned projects like Yamuna Expressway. Moreover, the cities highlight ample of world-class schools, colleges, hospitals, regional parks and what not. The city features several IT and ITES Office plots attracting big brands to set up their offices there, generating ample of employment opportunities for the residents. The immaculate planning of these cities is a subject of fascination for many and thus attracting them to Invest in property in Noida & Greater Noida.
Hub for Big Investors:
The infrastructure of both the cities is continuously growing and attracting several big companies and renowned brands to invest in property in Noida & Greater Noida and set up their operations in the adjacent cities. Some of the examples are Patanjali Food and Herbal Park , Patanjali Institution, LG, Micromax, Lava International and Intex, who are all set to establish their operation facililities in Greater Noida.
Promised ROI:
The cities of Noida & Greater Noida promises a significant potential to offer its investors a good ROI, all credit goes to the continuous infrastructural growth taking place in both the cities.
The right time to invest in Noida & Greater Noida is NOW. In order to hunt some of the best property investment options in both the cities, visit https://www.therealtycare.com/