Noida, with its rapidly expanding development and strategic location, continues to reign as the premier real estate destination in the National Capital Region. As the price of residential properties in the established sectors of Noida skyrockets, savvy homeowners are turning their attention towards Noida Expressway, specifically to areas such as Sector 143 and 144, which offer unparalleled residential projects at a reasonable cost.
Undeniably, one of the primary catalysts that have led to the burgeoning growth of Noida and Greater Noida is the increasing concentration of IT/ITeS/Research & Consulting/Manufacturing companies. According to estimations by the Government of India, the region has received a colossal investment inflow of ₹64,000 crores between 2016-2021, thereby elevating its status as a thriving business hub.
The illustrious Swiss retail behemoth IKEA has announced a staggering investment of ₹5,500 crores in the region for the development of cutting-edge production and retail facilities, further augmenting Noida’s rapidly evolving economic landscape. In the same vein, the esteemed Adani Group is also injecting a significant sum of ₹4,600 crores into a colossal data center project in Noida, further bolstering its status as a burgeoning business hub of repute.
The appeal of Noida Expressway is not just limited to affordability, but also the range of essential services available in the surrounding areas, making it a smart long-term investment. Here are some compelling reasons why Noida Expressway has become the preferred choice for real estate investment in the Delhi-NCR region.
Metro Connectivity
The Sector 137, 142, and 143 metro stations are conveniently located within a 7-9 km radius of the Noida Expressway. Additionally, the Aqua line provides connectivity to Greater Noida, Knowledge Park 4, and Pari Chowk through Sector 75-78, 137, and Noida Expressway.
Central Location
Many of Noida’s top-rated schools are located along the expressway, including DPS, Shiv Nadar School, Mayoor School, Lotus Valley, Global Indian International School, and Gyanshree School. The presence of renowned healthcare facilities and hospitals, such as Jaypee Hospital, Felix Hospital, and Max Multi-Specialty Centre, make it an attractive location for homebuyers. The area also offers plenty of job opportunities with the SEZ area, IT Oxygen Park, and other offices of leading businesses.
The proximity of several popular shopping malls, including Gardens Galleria and DLF Mall of India, further adds to the appeal of the Noida Expressway.
Air Connectivity at Jewar
The prominent Noida International Airport at Jewar is absolutely another lucrative reason for homeowners to invest in residential properties in this area. The airport is scheduled to become operational by 2025 and will not only boost the property market but also enhance air connectivity for Noida.
A Millenial & GenZ Favourite Real Estate Realm
In recent times, a growing number of millennials are making Noida their top choice when it comes to investing in a home. And it’s no wonder – this satellite town boasts all the modern amenities and conveniences that discerning buyers seek. Factors such as affordability, connectivity, location, employment opportunities, and ambience are the key elements that influence home-buying decisions.
Fortunately, Noida ticks all these boxes with ease. Properties here are more affordable compared to Delhi-Gurugram, and the town is well-connected to other parts of NCR and Delhi, with an expanding metro network and improved road infrastructure. It’s also emerging as a thriving hub of start-ups, with many Fortune 500 companies setting up offices here, thereby providing numerous employment opportunities. In addition, Noida offers a vibrant shopping and entertainment scene, making it an ideal place for millennials to call home.
Additionally, the recent rationalization of housing prices and decreased home loan interest rates. As a result, the rent vs. buy debate has gained traction among millennials, who are increasingly choosing to buy in Noida instead of renting apartments. While some may suggest that renting is a more cost-effective option, the reality is that delaying the decision to buy could result in missing out on the opportunity altogether.
Buying a home is a major financial decision, and millennials are well aware of the potential returns it can offer in the long run. Noida offers the perfect lifestyle, with offices, shopping complexes, and entertainment options at every turn, making it the most desirable location for millennials looking to build a solid investment in property. The dilemma of ‘rent versus buy’ may persist, but with Noida’s undeniable appeal, the decision becomes much easier to make.
In light of the numerous advantages of investing in residential property on the illustrious Noida Expressway, the potential for long-term financial growth is evident, making it an ideal choice for smart investors seeking to enhance their portfolios.