By Admin 
People living in Delhi and NCR today when it comes to buying a house, they are specially fond of Noida or Greater Noida and Noida West. There are many factors behind the move of the house buyer in Noida inside NCR. In this regard, Vishal Raheja, founder and MD of Investoxpert.com, says that in the last five years, Noida and Greater Noida have developed from emerging markets and have now become mature real estate hubs. The credit goes to strategic infrastructure projects and increasing demand. In the residential segment, the demand for 2 and 3 BHK apartments has increased by more than 40%.
The reason for this is the expansion of metro connectivity, development of Noida-Greater Noida Expressway and close to corporate hubs. In the last few years, the price of property has been increased by an average of up to 25-30%, with Greater Noida West recorded the fastest growth rate in the NCR sector. The main reason for this is its affordable prices and the upcoming infrastructure projects are better access.
He further explained that there has been tremendous growth in the commercial segment. The setup of technology companies and multinational corporations in Noida has led to a boost in the demand for office space. The presence of companies like Infosys, Microsoft and Samsung has promoted the office occupancy rate, especially in areas like Noida Expressway and Sector 62, which has increased the commercial property market in the last five years by about 40%. Also, from projects like Film City to be produced in Delhi-Mumbai Industrial Corridor (DMIC) and Greater Noida, this area is leading to emerging as entertainment and business hub, which is likely to be more commercial investment.
metro expansion and connectivity
In addition, better connectivity through metro expansion and expressway has played an important role in this real estate boom. Noida-Greater Noida Metro Aqua Line and Metro expansion plans to Jewar Airport will further increase the appeal of these cities. At present, more than 100 new housing and commercial projects are in various development stages, which show heavy growth possibilities in the field. Especially the government’s affordable housing and & lsquo; Make in India & rsquo; The initiative will also strengthen the region.
In the coming few years, Noida and Greater Noida can see new residential and commercial projects with 20% annual growth, which will make it identity as the major real estate powerhouse of North India."Text-Align: justify;"> Stable Property Price
While Gitanjali Homestate founder Sunil Sisodia says that about this "Noida and Greater Noida have traveled a tremendous journey from satellite towns to busy urban centers, which are attracting both end-users and investors today. Their development is an excellent example of how strategic development, improvement in infrastructure and changing buyers’ choice affect the growth of the city.
Prior to epidemic, Noida and Greater Noida were mainly known for affordable housing, wide roads and planned infrastructure. These areas were quite popular among mid-segment buyers, and property prices were stable here compared to Delhi and Gurugram. Especially Noida-Greater Noida Expressway, Central Noida, Noida Extension and parts of Greater Noida were preferred locations for residential projects of reputed developers. Its demand was due to the closeness of connectivity, industrial hubs and IT parks.
Epidemics brought major changes in this area. People are now demanding big space, better facilities and greenery places. Due to the work from home, the demand for property increased rapidly in the suburbs of Noida and Greater Noida. & nbsp; Noida Extension and Greater Noida West are watching a steady increase in property prices. At the same time, Central Noida and Noida-Greater Noida Expressway are attracting upper middle class buyers due to premium infrastructure projects such as the upcoming Jewar Airport and Film City Project."