How does Noida stand out amid sluggish real estate market? These five factors explain
2 min read 08 Jul 2023, 07:28 AM ISTNoida, in the Indian real estate market, has emerged as a beacon of resilience and growth due to its strategic location, infrastructure, and proactive governance
PremiumIn the ever-fluctuating landscape of the Indian real estate market, where many cities grapple with sluggishness and uncertain prospects, one city stands tall, defying the odds and emerging as a beacon of resilience and growth. Nestled in the National Capital Region, Noida has quietly transformed itself into a real estate powerhouse, captivating the attention of industry experts and investors alike. Industry experts say its success can be attributed to several key factors that set it apart from its counterparts.
The Rise of Noida
The city's strategic location, well-planned infrastructure, and proactive governance have fueled its ascent.
“Firstly, Noida benefits from a strategic geographical location near the national capital, New Delhi, with excellent connectivity to major highways, airports, and railway stations. This accessibility has attracted businesses and individuals looking for a convenient and well-connected location, driving the demand for real estate and resulting in steady property price growth," said Vishal Raheja, Managing Director, InvestoXpert.com.
Proactive Governance
The Noida Authority's proactive governance has played a pivotal role in the city's success.
Infrastructure Development
Noida boasts a well-planned infrastructure that sets it apart. The city has a robust road network, efficient public transportation, and modern social and physical infrastructure. “World-class educational institutions, healthcare facilities, shopping malls, and entertainment centers cater to the evolving needs of residents, making Noida a self-sustained ecosystem," said BK Malagi, COO, Experion Developers.
Connectivity and Accessibility
Noida's strategic location provides excellent connectivity. Major expressways, such as the Yamuna Expressway and Noida-Greater Noida Expressway, have reduced travel time and improved accessibility.
The upcoming Jewar International Airport will further enhance connectivity, attracting more investors and catalyzing real estate market growth, added Malagi.
Commercial and Residential Investment Opportunities
Noida has witnessed a surge in commercial and residential real estate investment. The city is a preferred destination for multinational corporations, IT companies, and startups, driving demand for office spaces.
Noida's residential sector offers diverse options to homebuyers, including luxury apartments and affordable housing projects. Green spaces, well-planned townships, and modern amenities enhance its attractiveness as a residential destination.
“Noida has fostered a business-friendly environment, hosting numerous multinational companies, IT parks, and industrial clusters, which has created a wealth of employment opportunities. The resulting influx of job seekers has increased the demand for housing, further bolstering the realty market. The proactive approach of the local government in providing incentives and support to businesses has solidified Noida's position as a hub for economic growth," said Vishal Raheja,
Noida's remarkable performance in the realty market can be attributed to its strategic location, well-planned infrastructure, and business-friendly environment.
Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint.
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