Why Noida is fast emerging as the hottest destination for commercial properties?

Over the past decades, the Indian economy has taken a big jump which not only made India an emerging economy but also triggered the growth of other sectors as well. Commercial real estate is one of these sectors that have encountered a bright outlook in the nation. Though the path of growth is visible throughout the country, Noida presents some wonderful investment and growth opportunities for investors looking to capitalize on the rising Indian economy.

The recent surge in the number of start-ups and entrepreneurs in the country has resulted into an increased demand for retail shops, office spaces, serviced apartments and other commercial avenues. In the entire Delhi-NCR region, Noida is largely considered as the most affordable and growth-oriented epicenter on real estate map.

If you’re one of those looking to leverage the growing real estate landscape in the nation, Noida boasts of some of the most lucrative and future-oriented opportunities in the country. Its close proximity to the national capital makes it a hot favourite destination for people from all walks of the society. And growing real estate investment in Noida is not just a fad but there are many vital reasons that encourage investors to put their money here. Let’s take a look at them.

1. Growing Infrastructure

In recent times, the infrastructure development has gone full paced in the region. From the world-known Yamuna Express Way, Magenta Metro Line, NH-24 expansion, and rapid development of Noida Extension, there are lots of projects that are known to fuel the development of the region to large extent. Once the most overlooked part of NCR, Noida has become a hot favourite commercial real estate destination among investors.

2. Easy availability of manpower

India has been primarily known for its cheap manpower. Noida is known to have many textile factories that rely heavily on raw manpower. Both skilled and unskilled human resources are easily available in the region that entices investors towards this region. In a short period of time, the region has emerged out as the most sought after destination for investors looking invest in the growth-oriented real estate sector.

3. Affordable Rates

As everything is centred on this element, investors always look to get amazing returns on their investment. Fortunately, Noida has the best of this – affordability. In comparison to its counterparts like Gurgaon and Faridabad, Noida is known to exhibit easy affordability of commercial properties in the region. From high-end to budget commercial spaces, there is always everything for everyone.

4. Easy location

One of the foremost reasons that people are willing to invest in Noida is its suitable location. Noida is fabulously connected to Delhi. Noticeable locations of Delhi, such as Connaught Place, Nehru Place, Chandni Chowk and Laxmi Nagar are only a few minutes’ drive from here. Jam-free Noida-Greater Noida Expressway has made the commuting easier from the sectors situated on the expressway and Greater Noida. In addition, travellers from any corner of Delhi, Vaishali and Anand Vihar can reach here without a hassle via metro.
At the outset, it can be said that Noida is all set to write a new growth story for the entire real estate sector of NCR.