Quite a few global real estate consulting firms have studied the most popular locations throughout India to figure out exactly where the best investment opportunities that lead to the highest returns. Based on the results from these studies, according to MoneyControl.com, Noida was one of the most preferred locations featured on the list.
The Yamuna Expressway is known as the longest controlled-access, six-landed expressway stretch in all of India. This 165-km long road connects the Greater Noida area directly with Agra. Over the years, there have been quite a few residential sectors developed on each side of what was formerly referred to as the Taj Expressway.
It is a ripe area for solid investment opportunities because of the fact that there is still a lot more room available for new developments in the future. More new homeowners will come to the Yamuna Expressway since they will gain easy access to Delhi, Noida and the Greater Noida area by doing so. The listing price for living in this thriving area has increased in recent years but has now leveled off at an average of Rs. 2,760 per square foot.
Another area that is filled with solid real investment opportunities due to its close proximity to Delhi and Noida is Sector Pi. Not only does Sector Pi feature an abundance of high-quality housing localities but there are quite a few transport facilities available as well since government-operated and private buses travel through Delhi, Noida and the Greater Noida in general. One recent report confirmed in June 2013 that the average pricing for this particular area is Rs. 3,700 per square foot, according to Roof on Top.
At the higher end of the real estate spectrum is one of the most popular and prominent localities, Pari Chowk, which is found in the Greater Noida area. It is relatively close to quite a few banks, hotels, hospitals, educational institutions, supermarkets as well as shopping malls – which make it even more of a desirable investment choice for the average real estate broker or potential homebuyer. With an average price of Rs. 4,000 per square foot, though, it is not necessarily the best choice for homeowners and real estate investors that are drastically limited by their budget constraints.
Over the years, the Greater Noida area has been appreciated and valued as being an educational hub and a highly industrial region. Recently, though, the high potential of real estate investment opportunities available throughout this area has drawn even more attention. As mentioned earlier, the Yamuna Expressway has been directly connected to Noida for well over 10 years. The expressway allows the average commuter to make this lengthy trip within only 20 minutes. From an investment perspective, the Greater Noida area is a prime location for both mid- and high end residential complexes and units. Due to master plan issues and land acquisition deals, the past two years has been relatively slow when it comes to active investments and purchases. However, several industry experts and analysts have stated that this activity is expected to pick up in the years to come – possibly increasing up to 25 percent, according to Business Today.
Even though the Noida Extension comprises several sectors and prominent areas within the Greater Noida area, it is still recognized by the vast majority of developers and real estate investors as its own separate location. Within a 10 km or 18 km trip, you can easily reach Noida City Centre and Connaught Place respectively. Since Connaught Place has recently become one of the top business locations in New Delhi, quite a few new real investment opportunities have emerged recently as a result. There are even a few Unitech new projects in Noida planned and sche zduled because of it.
There are even talks of a metro rail link being established there in the near future in order to enhance connectivity between Delhi and Noida. All of these improvements are expected to lead to a 20 percent increase in the annual growth of affordable housing within this particular area within the next five years, according to Business Today.
A Realistic Perspective
Thinking about the potential growth of investment opportunities in Noida and the Greater Noida area is great and has its own benefits. However, there are two key factors that will play a significant role in these areas reaching that potential in the foreseeable future. Developers will need to maintain a steady pace toward completing their scheduled timelines.
In addition, as long as the infrastructural development is able to keep pace with the housing development, consumers and investors will be able to minimize their risk. The way things are progressing currently, according to Magic Bricks, it seems as if interested investors can expect close to a 100 percent appreciation in their capital values, which is definitely something to look forward to in the years to come.