Noida is buzzing with activity! Property prices have shot up in less than a year, making it a top choice for real estate in the NCR.
Latest News About Noida’s Real Estate
Noida, located in Uttar Pradesh’s Gautam Buddha Nagar district, is quickly becoming a hotspot for real estate in the Delhi-NCR region. This is thanks to government efforts to make business easier, improve law enforcement, and the upcoming international airport.
Several factors have contributed to Noida’s rise as a sought-after real estate destination. Land within Jaypee townships in Noida and Greater Noida has caught the eye of many developers.
According to a report in the Economic Times, big names like Max, L&T, Gaurs, Saya, Paras, and Gulshan have invested around Rs 3,000 crore in land here. In the past year, they’ve started projects expected to bring in over Rs 10,000 crore.
Big News in Noida Real Estate: Prices Double in Less Than a Year
Experts say Noida is now the prime spot for real estate in the NCR, with prices doubling in less than a year.
In a report by Economic Times, Gaurav Kumar, Managing Director of Capital Markets and Residential Business at CBRE India, said, “Noida has always had good infrastructure, but it’s now even more attractive due to better governance and law enforcement. This has led to a big increase in demand for high-end and luxury homes.
Noida Real Estate Update: Why Sales and Demand Have Skyrocketed
This area is growing fast for many reasons! Here’s why:
- A big new airport is being built in Jewar.
- The government is making things safer.
- The government is trying to get more businesses to invest here.
- They’re building better roads, drainage, and other things.
- There are now great schools, hospitals, shops, and fun places to go.
- It’s easier to get around with the Delhi and Noida Metro lines.
- You can find affordable places to live here.
- Big companies, tech companies, and new businesses are all moving here.
- A giant movie-making place called Film City is coming soon.
- There’s even an exciting racetrack nearby, the Buddh International Circuit.
