Noida: The official money maker of the real estate market

Written By: Sanya Kaushik

Real estate investment is one of the most lucrative businesses in India right now. There are several areas that preside at the forefront of this highly profitable market. One of the most investment-friendly of these areas is Noida, or New Okhla Industrial Development Authority. Noida is one of the best places to invest in because it enjoys certain benefits that are as unique as they favorable.

Noida only came into existence in 1976, but has been molded and developed into one of the biggest and most economically significant hubs of India. All the properties in this area have been privy to a price appreciation trend that has left the entire real estate community dumbstruck in its wake.

The infrastructure benefits that this commercial hub provides are matchless to a large extent. Its excellent connectivity is augmented by the Yamuna Expressway on one end and the Noida Expressway on the other.

Given the profound interest, this city has attracted over the years, several IT companies, the ranks of which include Dex Consulting, IBM, Miracle, Fujitsu, Dell, Ericsson, Accenture, Samsung, Metlife, Indus Valley Partners etc. Reputed news channels like CNN-IBN, Zee News, TV Today Group, NDTV, CNBC, India TV also have their offices in Noida.

Numerous educational institutes like Gautam Buddh University, Mahamaya Technical Institute, Jaypee Institute of Information Technology etc have enhanced the reputation of Noida as a comprehensively significant India metropolis.

The real estate market in Noida has also been incredibly beneficial for the Indian economy. The median appreciation of properties in Noida is 10-11% (latest quarter appreciation). The yearly rate reaches up to and even surpasses 18%. This translates to a high rate of return in a relatively short period of time.

Many reputed developers like Jaypee Greens, BPTP, Omaxe etc have established scores of commercial and residential properties here. Of these, Jaypee Greens has been the biggest contributor to the transformation of Noida’s landscape. They have masterminded some of the most prestigious developments in Noida. These include Jaypee Greens Aman III, Jaypee Greens Kosmic, Jaypee Greens Wish Town, and many more.

If you’re looking for a place to invest your hard-earned money, Noida is your safest bet. You can sure that Noida will enhance your investment portfolio in a very short period of time.