The Uttar Pradesh government has
devised several strategies to attract MNCs, including encouraging a policy of
expanding employment chances to professionals and loosening labour rules, among
other things. Although these strategies will benefit the entire state, the
Noida, Greater Noida, and Yamuna Expressways will profit the most due to their
widespread base. PM Narendra Modi laid the foundation stone for Noida
International Airport near Jewar, bolstering the chances even more.
“The surroundings provide excellent
living options. Any increase in economic activity will boost demand for
residential and commercial property throughout the region. Because it is the
hub of reasonably priced real estate inventory, the NCR market's prospects
remain bright. Certain neighbourhoods along the expressway's edge and nearby
regions offer tremendous potential. Any rise will benefit sectors with good
Metro and Expressway links; the Noida International Airport near Jewar adds to
the region's possibilities, which are projected to see a surge in demand for
residential and commercial assets.,” says Ashok Gupta, CMD, Ajnara India
Ltd.
Due to the presence of reputable
developers and its outstanding connectivity, Noida is already attracting
increased interest from buyers. Prices are competitive, and in the following
months, an increase of about 15% is expected. "The region offers a high
quality of life, making it one of the most sought-after locations. The presence
of greenery and overall improvement are indicators of successful land
development. Appreciation will vary depending on the developments in the
region; for example, luxury projects would appreciate by around 20%, while
other projects will appreciate by around 15%," adds Dhiraj Jain,
Director, Mahagun Group.
These high-priced infrastructure
projects are often designed to meet the desires of young people who want to be
surrounded by luxury. "The age range of 19-35 years has contributed a
substantial percentage of India's real estate market, and this sector is
projected to raise the need for higher quality urban infrastructure. Given the
demand, if urban infrastructure is delivered in the form of such big-ticket
developments, prices will almost certainly rise," adds Yash Miglani,
MD, Migsun Group.
The news of Noida International
Airport stood out enough to be recognised, as its versatility would be useful
in a variety of situations. "Over the past half-year, this region has seen
a price increase of 1-3 percent; the modest increase is due to the pandemic
situation. The developments are moving quickly, and it is believed that in a
few years, the planned city, which this area is, will be completely equipped
for a high-quality lifestyle, and with the government's emphasis on real
estate, the city will be ready for individuals to invest in real estate," says
Saurabh Thakur, SVP - Sales, Spectrum Metro.
Adds Nikhil Anand, Director, Maasters
Infra, “The
inauguration of an airport always has a rippling effect on the nearby regions
in terms of spike in business activities, employment opportunities etc. We
expect the commercial real estate will offer attractive avenues of investment,
with the growing infrastructure Noida will also establish a competitive
advantage over other NCR regions. This
time is therefore ideal for making investments as the returns in long term will
be substantial with Airport and Film City becoming operational. Developers are
also going the extra mile with their novel offerings such as automated and
controlled environment in commercial spaces.”
Individuals consider availability and
task quality before making a buying decision. "With the foundation laying
of Noida International Airport at Jewar, property here has a great basis, and
people are becoming more aware of the space's latent capacity. The market is
now booming because people are drawn here by the promise of a great
atmosphere," adds Dhiraj Bora, Head – Marketing & Communication,
Paramount Group.
For Latest Update from Sangri Times News Like us on Facebook and Follow on Twitter.
Fore Latest Video News Subscribe our channel on YOUTUBE