Noida, which is in close proximity to Delhi, has gradually emerged as one of the most preferred destinations for property buyers and investors alike. Despite facing stiff competition from other areas in and around Delhi NCR, Noida real estate still continues to attract the attention of everyone. Despite the slowdown faced by Noida Real Estate to factors like demonetization, the city has recovered quite swiftly. So, if you want to invest either in residential or commercial property in Noida, the time is right now.
Commercial Property is booming
The commercial property segment in Noida is advancing at a rapid pace. Several builders and developers are investing heavily in the commercial projects, as the business prospects in the city are immense. Noida has turned into a business hub thanks to the opening of new offices, co-working spaces, and other entities. So, the ones investing in the commercial real estate of Noida can expect bountiful returns going forward. Affordable land cost is another factor that is benefiting the real estate scene as a whole.
Registration made easy
With Real Estate Regulations Act (RERA) applicable to the entire country, Noida Real Estate Regulatory Authority has also decided to simplify the registration process of properties. It used to be a bit complicated in the past, but with the authorities trying to implement new policies and regulatory laws property registration in Noida will become very easy and convenient. Also, in several property hotspots of Noida, the authorities have made provisions for registering property online to fast-track the entire process.
Rapidly evolving infrastructure is another viable reason to invest in Noida real estate. Whether it is the metro network, road transport, road projects or expressways, the infrastructure in Noida has finally come off age. All these infrastructure projects will result in huge demand for housing units in the city. The value of these properties is bound to appreciate in future as well.
So, it can be safely argued that Noida is one of the most popular destinations for property investment in the National Capital Region. In case, you are planning to make a real estate investment, then Noida is very much appropriate for the same.