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An Overview of the Noida Real Estate Market

Noida, with its increasing importance as an IT hub and commendable infrastructure development, is now a part of the National Capital Region. The networking of Delhi Metro’s blue line and the Greater Noida Expressway in this city only strengthened its position as one of the top realty destinations in NCR. Various other factors like increasing employment opportunities, seamless connectivity, the emergence of large shopping malls, affordable housing facility and better living standards have helped Noida achieve this prestigious position of being counted as an extension to Delhi.


Infrastructure & Connectivity
Noida has been one of the recently developed cities in India. The city boasts of a world-class infrastructure which is well-suited to meet the requirements of everybody. It hosts many multinational companies that outsource information technology from the country in the global market. A number of universities, healthcare institutions, schools, malls and multiplexes adorn its overall beauty.


The city is well connected to the national capital Delhi via the Delhi Metro which is soon to expand its network in inner parts of the city. The DND Flyway, Noida-Greater Noida Expressway and Yamuna Expressway also connect the city to the neighboring areas.


The estimated population of Noida is around 921,077 in the year 2016, which was rounded off at 642,381 according to the Census of India in the year 2011. This population has almost doubled in the past 15 years; it was 305,058 in 2001 and is quite large when compared to the area and property in Noida. The city’s average literacy rate, at 86.53%, is much more than other national capital regions like Gurgaon.


Life Style
Sector 18 in Noida is famous for its busy and active life. With large malls like Great India Place, Mall of India and The Centerstage Mall, Noida real estate is nowhere behind other metro cities in terms of providing countless shopping and entertainment options. The pulsating nightlife, grooving music fests, international food chains, amazing amusement parks and relishing street food make Noida one of the best cities for anybody.


Key localities in Noida
Noida being the hub for a number of IT companies has attracted many migrants over the past few years. Many new localities have been set up while others have been rebuilt to suit the needs of all the professionals. One can find various types of property for sale in Noida in these localities. Some of these key localities in Noida are listed here: Noida Extension, Yamuna Expressway, Greater Noida, Noida Expressway, Noida- Sector 74 to Sector 79, etc.


Real Estate Market
The backbone for any city’s overall development is its builders; builders, who construct excellent buildings to enhance the infrastructure of the city. Noida is thankful to its builders who come up with various projects time and again to add stars to the real estate in Noida. Some of the major builders in Noida who play a great role in the city’s development are: Jaypee Greens, Eldeco, Mahagun Group, Omaxe, Parsvnath, Amrapali, Wave Infratech, etc.


Projects in Noida
The presence of so many builders in Noida is a sure indication that there is no shortage in the number of projects in this city. Noida real estate has seen a boom over the past few decades due to the increasing number of projects in the market. One can easily find all types of property options ranging from affordable 2 BHK flats and apartments to luxurious villas and builder floors. The uncountable projects increase the number of Noida properties for sale.


Govt Projects in Noida
Indian government comes up with numerous schemes that offer real estate for sale in Noida and provide affordable housing to the increasing population. Some of these schemes are:  Central Government Employees Welfare Housing Organization or CGEWHO’s newly launched Greater Noida Housing Scheme for the year 2015-16, Amrapali Adarsh Awas Yojna for the serving or retired government employees, Kendriya Awas for government/PSU employees, Noida Authority Flat Scheme 2015-16 under Samajwadi Awas Yojana, etc. Hi! Searching for Property? Let's Chat