Noida, one of the closet-to-Delhi parts of NCR, has been always on top consideration of property buyers and investors. Surviving amongst a tough competition with hot-selling property location like Gurgaon, NH-24, Raj Nagar extension etc., Noida is still getting a lot of attention and interest of property buyers. While during demonetization Noida Real Estate also dipped a bit like all other locations, but now it is recovering at the fastest pace. It’s time to invest in Noida to reap huge profits; if you want details on this read further:
Unsold Inventory To Lower Prices
Due to the demonetization move and the implementation of RERA and GST, real estate in Noida had witnessed a slowdown. The unsold inventory in the city shot up as people were still rising from the shock of demonetization and trying to understand the new real estate policies. The National capital Region has nearly 2 lakhs unsold units and a majority of them are in Noida and its surrounding regions. This unsold inventory would lower the prices of properties in Noida as builders and developers are planning to clear out the unsold inventory first before taking up any new project. Majority of developers have slashed sown their property prices to clear out their unsold inventory. Those planning to invest in Noida real estate can make the best of this opportunity as the property prices would soon shoot up once the inventory is cleared out.
Commercial Property Is Growing Pace
The commercial real estate in Noida is also at a growing pace. Many builders and developers in Noida are investing in commercial real estate projects as business in this city is experiencing a positive growth. A number of new offices, co-working spaces, and other enterprises have been established in this city and made it a business hub. Those investing in the commercial real estate of Noida could be at a great advantage in the coming times. Presently, the land cost in Noida is affordable and buying space in commercial areas could turn out to be a great investment in coming times and fetch amazing returns.
Simplified Property Registration Process
With Real Estate Regulations Act implemented in the entire country, Noida Real Estate Regulatory Authority has also planned to simplify the entire property registration process. While earlier, registering a property in Noida or Greater Noida seemed like a big challenge, the authorities of the city are implementing new policies and regulatory laws to make property registration in Noida quick and simple. In fact, in many of the real estate hotspots in Noida, the authorities have even enabled online property registration process to make everything even more quick and easy. Those planning to invest in Noida real estate can easily upload the needed documents online and get their property registered in a short time.
RERA Making Things Transparent
The government implemented Real Estate Regulations Act in May 2017 to empower the property buyers against the unscrupulous activities of the builders and developers. The Uttar Pradesh Real Estate Regulatory Authority implemented this law to protect the home buyers and boost the investment in real estate industry. It adds transparency to the entire investment process as the buyers and investors can see beforehand whether the builder or developer is already registered with the authority or not. Moreover, it is also allowing the investors to file any complaint against their agent or promoter through some quick and simple steps.
Growing Real Estate Infrastructure
Another reason why you should certainly invest in Noida real estate is the growing infrastructure in the city. Be it Metro projects, new residential & commercial real estate projects, or road projects & expressways for seamless connectivity, the real estate infrastructure in Noida is growing fast. These infrastructure development projects will lead to an increase in demand for property in this city which would appreciate the value in coming times. So, investing in Noida real estate right now would fetch high returns in the coming years when these projects have reached completion.
Noida is growing to be one of the most popular locations among the property investors in the National Capital Region due to the reasons discussed above. If you are also planning to make a real estate investment, Noida is the perfect location.