subject: Why Is Noida Real Estate A Craze? [print this page] Ever wondered why there is so much demand for Noida real estate?
Noida the dream city is the largest industrial township in India with an excellent connectivity with the Capital city and also the rest of the nation through a strong network of roads and expressways. With all the major IT companies eyeing to set up their development centres in Noida, the city has the largest gob of IT industries and the professionals in these industries have mainly increased the demand for properties in Noida. Consequently, the Noida real estate industry is witnessing more and more developments as the builders and developers in Noida are quite excited in launching new projects and people are also equally excited in buying the properties.
Below are the various reasons behind the increasing demand for Noida real estate:
1) Property value appreciation: The appreciation in property prices in Noida is 30% annually thereby earning large capital returns for the investors.
2) Noida-Greater Noida Expressway: Noida-Greater Noida Expressway is a six-lane highway connecting Noida to Greater Noida, a new suburb in Gautam Buddha Nagar District. The length of the expressway is around 23 km, with 3 km in Greater Noida and the rest in Noida. This expressway is under expansion to Taj Economic Zone, International Airport and Aviation Hub proposed to be constructed along the Yamuna Expressway (Taj Expressway).
3) The Yamuna Expressway: This 6 lane, 165 km long expressway was formerly known as the Taj Expressway which was conceived with the idea of reducing the travel time between Delhi and Agra. The expressway connects Delhi, Noida and Greater Noida with Agra. There are the proposed Export Promotion zones including Taj Economic Zone along the Yamuna Expressway (erstwhile Taj Expressway) which will further promote economic development of Noida and the State of UP as a whole. Also safe, shorter travel time and the approachability in the area will enhance land development along the Yamuna Expressway in a planned manner for commercial, industrial and residential purposes.
4) Delhi Noida Toll Bridge: Also known as the DND Flyover (Delhi Noida Direct), this eight lane bridge across the river Yamuna is Indias first 552 meter long main BOT Bridge Project. The city of Noida is well connected to South Delhi through this toll bridge. During the construction period of this flyover, there were employment benefits for more than families. With the construction of DND Flyover, it has facilitated quicker access to Delhi / Noida with saving in peak hour travel time of 30 minutes.
The demand for Noida real estate is going to increase further with time due to development of more and more infrastructural projects in the city. Any property you purchase in Noida is going to bring good returns in future.
If you too want to be a part of this beautiful city, contact Renrealty for best services and deals.
