Noida: In Noida and Greater Noida, even as more than 20,000 buyers are still waiting for homes to be delivered, Jaypee townships are attracting developers despite the company’s insolvency. Firms
like Max, L&T, Gaurs, Saya, Paras, and Gulshan have purchased land worth Rs 3,000 crore and started projects with revenue potential exceeding Rs 10,000 crore. According to experts, the area has become the prime real estate location in the NCR, with prices
doubling in less than a year.

Why is Noida Becoming Prime Real Estate Location in NCR?

Gaurav Kumar, Managing Director, Capital Markets and Residential Business, CBRE India said that while Noida has always enjoyed excellent infrastructure, it has now become very attractive due to a significant improvement in governance and the law-and-order
situation. This has led to a quantum jump in demand for upper-end and luxury residential developments, he added.

With the expected opening of the Jewar airport and the UP government’s push to attract private sector investment, a continued increase in the city’s intrinsic potential for urban development is expected. “The Noida story has finally come of age,” Kumar said.

Two-Fold Jump Seen in Sales and Demand of Property in Noida Region. Why?

The upcoming Noida International Airport in Jewar, improved Law and order situation under the current government regime, UP government’s push to attract private sector investment and infrastructure push with better traffic, drainage management among
others are some factors that have helped in the booming real estate investments in Gautam Buddh Nagar.

In addition to this, world-class educational institutions, healthcare facilities, shopping malls, and entertainment centers, Delhi Metro and Noida Metro connectivity, affordable Housing Projects,
multinational corporations, IT companies, and startups, upcoming international Film City and the Buddh F1 circuit where the MotoGP racing event was held last month are also attracting investors.

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