Why Invest / Buy Property in Greater Noida

Why Invest / Buy Property in Greater Noida

12 Apr 2021    Hot Property Investments

Greater Noida is one of the fast-growing suburban areas of Delhi/NCR and hasn’t looked back since 2008, when it was first established. It is developed and planned by Greater Noida Industrial Development Authority (GNIDA) and is an extension of Noida. It is expected to become the new hub for high-end and lavish commercial hubs and residential spaces, in the near future. With metro connectivity and the development of more and more IT/ITes parks, Greater Noida is already becoming a preferred choice for many.

Currently, Greater Noida measures 36,000 hectares but the government is soon planning to extend it to 94,000 hectares, by adding 58,000 hectares from the agglomeration of 188 villages. This smartly planned suburb has a lot to offer to all the residents living here, including job opportunities, good social infrastructure, seamless connectivity, a green environment and an upcoming international airport. 

1. Great Connectivity: The improved connectivity of Greater Noida with nearby regions has led to a major surge in demand for property. Some key infrastructural developments here are:

- The Aqua line that connects Greater Noida to Noida and to other Delhi/NCR regions consists of 21 metro stations in total. It runs from Sector 51, Noida to Depot, Greater Noida

- Greater Noida’s connectivity to Kundli-Sonepat with Palwal via Eastern Peripheral Expressway has given an opportunity to many builders and entrepreneurs to set up their commercial complexes or warehouses in Greater Noida

- The Yamuna Expressway seamless connects it to Agra and offers easy access to many other cities in Uttar Pradesh

- The 22 km long Link road connects Greater Noida (Zeta Sector) to Ghaziabad (Vijay Nagar Bypass on NH-24). This Link road not only saves a lot of time of daily commuters but also share the load of traffic on NH-24

- The upcoming Jewar Airport that is expected to be completed by 2024 in Gautam Budh Nagar is known to be India’s largest airport in terms of area (more than 4 thousand acres). The completion of the airport will boost connectivity for international companies setting up offices here, as well as for residents of Greater Noida who will have easy access to national and international flights.

2.  World-Class Planning and Infrastructure: Greater Noida is surrounded by a green belt and this beautiful city features wide roads, minimum red lights and a proper planned infrastructure. In fact, Greater Noida is Asia’s very first city whose infrastructural developments have already been planned (keeping all aspects in mind) for the next 30 years. Every complex iInstitutional areas like Knowledge Park (KP) 5, that is situated in Gaur Chowk - Surajpur Road and is approximately 1,000 acres in size, are emerging in Greater Noida, featuring world-class colleges, schools, commercial complexes, etc. to offer a lavish lifestyle. Apart from this, some other well-developed projects are Buddh International Circuit, the 1,483 km-long Delhi Mumbai Industrial Corridor (DMIC), the upcoming night safari and Jewar Airport, which are an added advantage for all those living in Greater Noida.

n Greater Noida (whether residential, commercial or both) generally features shops for groceries and other necessary items.

3.  A Hub for Big Investors: Most big investors believe that the future for commercial as well as residential properties lies in Greater Noida, and that is why many of them have invested a huge amount of money here. Some prime investments in this region are:

- 300 acres of land have been allotted by the Yamuna Expressway Industrial Development Authority (YEIDA) to Patanjali Group to start Patanjali Food and Herbal Park in Greater Noida. Also, 130 acres of land have been separately allotted to Patanjali Ayurveda Limited.

- Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) is already in the process of releasing properties to interested investors at a price of 5,100–11,000 per square meter (varying as per the size of the land).

- Lava International along with its subsidiary unit will invest around 200 crores in Greater Noida and has already got the approval of over 35 acres of land.

-  Intex has already fixed a deal of Rs. 650 crores along Yamuna Expressway and is planning for a huge setup.

-  Major MNCs like Adobe, American Express, Accenture, Coforge, Ericsson, Deloitte, KPMG, EY, Amazon, Genpact already have their offices in the commercial hubs of Greater Noida.

- Some of the top commercial properties in Greater Noida are Galaxy Diamond Plaza (Gaur Chowk), Aarza Square (Gaur Chowk), Gaur City Centre (Gaur Chowk), Galaxy Blue Sapphire Plaza (Sector 4), Paramount City Square (Sector 2), Icon Leisure Valley (Techzone 4), Home and Soul Boulevard Walk (sector 120), La Galleria (Techzone 4), etc.

- Similarly, many top builders have set up their residential projects in Greater Noida featuring world-class amenities and luxurious living spaces. Some of the residential projects are Unitech Habitat and (PI) and Unitech G and H (Sector 1) by Unitech Group, Amrapali Augusta Tower (Sector 4), and Amrapali Terrace Homes (Techzone 4) by Amrapali Group, Godrej Crest (PI) and Godrej Golf Links Villas by Godrej Properties, Ansal API Fairway Apartment (Bodaki) and Ansal API Sushant Serene Residency by Ansal AP, etc.

4.  Convenience and Leisure Hubs: Greater Noida offers all facilities to residents to live a life of leisure with all conveniences in proximity. Some popular commercial and leisure centres that enable the people of Greater Noida to live a smooth life are:

- Malls like The Grand Venice Mall (near Pari Chowk), Gaur City Mall (Sector 4), MSX Mall (Sector 18), Vansia Mall (Surajpur Site 4), etc. After a tiring day at work or during the weekends, you can visit these grand malls to shop, enjoy fine dining or just relax. 

- Many renowned schools like Delhi Public School (Sector Gamma- II), Greater Noida World School (Sigma I), SKS World School (Sector 16), Apeejay International School (Surajpur Kasna Road), Ryan International School (Greater Noida Beta 1), G. D. Goenka School (Sector TAU), etc. are well-established in Greater Noida

- Various colleges like Greater Noida Institute of Technology (Knowledge Park II), Army Institute of Management and Technology (Chi II), IEC College of Engineering & Technology (Knowledge Park I), Mangalmay Institute of Engineering and Technology (Knowledge Park II), Indraprastha Law College (Knowledge Park III), etc. are also located here.

- All top hospitals including Fortis Hospital (Sector 62), Max Super Specialty Hospital (Dabur Chowk), Orion Hospital (Kasna Road), Kailash Hospital (Knowledge Park 1), Sharda Hospital (Knowledge Park 3), J R Chaudhary Hospital (Sector 80) are easily accessible from everywhere in Greater Noida.

5.  Greater Noida Extension: The region beyond Greater Noida (known as Greater Noida Extension) will soon see a huge number of establishments and upcoming projects (both residential and commercial). The area that goes beyond Noida-Greater Noida Expressway, ahead of Pari Chowk is divided into various residential and commercial sectors namely Alpha, Beta, Gamma, Delta, ETA, Pi, Chi-Phi, Omega, RHO, Mu, Zeta and Omicron, Yamuna Expressway, etc.

While some of the above regions are fully developed, featuring projects from top builders and others still have many upcoming or under-construction properties. Sectors like Delta and Gamma provide 60-120 sq yard plotted developments while Beta, Pi, Chi and Omicron provide mid-range lavish apartments. All in all, Greater Noida Extension features around 3 lakh residential projects that are under construction.

If you plan to invest in a property in Greater Noida, do it today as prices are expected to rise soon with more and more new developments coming up here.

 

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