Property in Noida and Greater Noida Skyrockets
The Delhi NCR region is bustling with investment opportunities especially with the Noida and Greater Noida real estate markets emerging as hotbeds. The combined home sales value of Noida and Greater Noida increased to ₹6,328 crore as of the third quarter ending September 2024 and grew 34% year-on-year (YoY). Due to the rising demand for property in Noida, especially luxurious apartments and new projects, these areas attract immense investor interest. In this blog we explore the factors driving this surge and what infrastructure, amenities, and prospects for investors and buyers are there for the future.
The crown jewels of the Delhi NCR real estate market have been Noida and Greater Noida which are growing at an unprecedented pace. Recent statistics confirm the importance of these growing regions since over 8,128 property transactions were recorded in the September quarter of 2024 – a growth of 6% YoY. Among these transactions, 62% were led by Greater Noida, which held an appealing factor for homebuyers.
Factors like robust infrastructure, proximity to Delhi, and upcoming developments like the Noida International Airport are responsible for the growing Noida flat prices and interest in luxury apartments. Let us explore why these areas have become synonymous with high-yield real estate investment.
Investment Potential of Property in Noida
Rising Property Values
The Noida and Greater Noida real estate market is on a sharp upward trend. Transaction volumes have grown somewhat, but the value of home sales has increased considerably. For instance, home sales value in Noida grew 62% YoY in the September 2024 quarter. With the demand for premium properties also rising, the average home price in Noida touched ₹1.05 crore.
Economic Investment
In 2024-25, the Noida Authority has set an enormous development budget of Rs 7,700 crore. A large chunk of this budget has been allotted for urban development, land acquisition for New Noida, and contributions towards the airport project. This financial backing indicates an apparent commitment to turning these regions into vibrant urban centres.
Infrastructure and Amenities
Comprehensive Master Plan for Greater Noida
A 15-year ambitious master plan taken up by the Greater Noida Industrial Development Authority (GNIDA) aims to upgrade the city’s water supply, sewerage and drainage systems. This initiative mainly aims to modernise the existing infrastructure to cater to the increasing demands of residential, industrial and commercial sectors. A detailed project report (DPR) will be prepared to identify the existing systems and project future needs so that it is ready to bear the heavy burden of population growth from 2041 onwards.
Unparalleled connectivity is one of the strongest pillars of Noida and Greater Noida’s growth. The Yamuna Expressway, Noida-Greater Noida Expressway, and further extension of the metro network aid in further improving the cities’ connectivity. Moreover, the Noida Metro Aqua Line, which connects various sectors of Noida and Greater Noida, has significantly reduced travel time.
World-Class Connectivity
Several infrastructure projects are underway to bolster connectivity within Noida and Greater Noida:
Metro Expansion: Access across the region is set to improve with ongoing expansions of metro lines such as the expansion of the Aqua Line metro connecting Sector-51 to Knowledge Park-5 in Greater Noida West.
Road Improvements: Noida and Greater Noida have excellent connectivity to Delhi and the Yamuna Expressway due to the well planned road networks, Noida-Greater Noida Expressway, Delhi and Noida Metro Line. These routes also seamlessly connect residents to the Noida International Airport, Ghaziabad, Agra and Mathura. Adding to this connectivity network is the proposed 32 km expressway along the Yamuna Pushta road, that will further enhance travel efficiency.
LRT Service: A Light Rail Transit (LRT) system over the Yamuna Expressway is planned for travel between key areas like the new airport and Pari Chowk. According to new plans, metro, RRTS and light rail will be operating on the same tracks but with loops and sections maintaining a difference on their services.
GNIDA has also approved plans for a new convention center in Greater Noida. The centre will host national and international events, adding to its business and tourism hub status.
Modern Amenities
There is a variety of world class amenities available in these cities. Amity and Sharda Universities are some of the top tier educational institutes in these cities. Moreover, Jaypee Hospital and many other advanced healthcare facilities in the region make essential amenities within reach for the residents. In addition, the city’s residents have premium shopping centres like The Grand Venice Mall, and DLF which provide a cosmopolitan lifestyle.
Luxury Apartments in Noida
Residential projects continue to skyrocket as demand for luxury apartments in Noida has reached new heights. This rise can be attributed to the fact that new projects offer a variety of amenities, landscaped gardens, and advanced security systems. Today, builders focus on creating holistic living experiences by building sustainable homes with smart home technologies, much to the appreciation of buyers interested in property in Noida.
Known to be one of the most reputable builders in Noida, ACE Group caters to the demands and requirements for lavish lifestyles. They are renowned for their dedication towards quality and innovation, resulting in sophisticated designs and unparalleled amenities that have redefined luxury.
ACE Group’s Signature Projects
ACE Group’s luxury offerings encompass a sense of grandeur represented by projects such as ACE Parkway, ACE Divino, ACE Starlit and the newly launched ACE Han’ei, to name a few. Strategically located in prime sectors of Noida and Greater Noida West, these developments ensure proximity to the bustling city while staying connected to tranquil surroundings.
An Aspirational Living Experience
Luxury apartments in Noida are not just about creating a community with beautiful spaces but also about developing a high-quality lifestyle. ACE Group’s projects offer stunning interiors with premium Italian marble, expansive balconies with breathtaking views, and well-planned landscaped greenery, with every aspect of life taken care of with finesse.
If you want to invest in luxury apartments in Noida, ACE Group projects are the epitome of elegance and modernity, offering a rewarding lifestyle.
Also Read: Circle Rate Increases in Noida and Greater Noida
Future Development Prospects
The ongoing Noida International Airport and plans to develop New Noida as a smart city are fuelling the demand for property in Noida. The Jewar airport is also expected to increase connectivity and help spur growth in commercial and residential sectors.
Furthermore, the demand for new projects in Noida that can host working professionals has increased further due to the establishment of IT parks, industrial hubs, and global companies that have chosen Noida as their base.
New Noida Project
The Uttar Pradesh government has given a nod to a major new venture – New Noida. This project includes 84 villages across Dadri and Bulandshahr and aims to be a modern urban centre with smart city technologies and sustainable practices. There will be four phases of the development, with the first to be completed by 2027. This futuristic city is expected to be much more advanced than Noida, Greater Noida, and Ghaziabad and will cover an area of 21,101 hectares. The project will generate millions of jobs and will be essential to the region’s economic engine.
Smart Cities and Industrial Hubs
Planned smart city projects and industrial hubs are on the verge of transforming Noida and Greater Noida into smart cities. Technology parks and data centres in Noida are to attract global investments as Uttar Pradesh government drives for it. Also, the Film City near Jewar Airport is expected to give the city a foothold on the national map.
Impact on Property Values
Regional developments are bound to raise the demand for property in Noida, and prices will continue to rise. Jewar Airport alone is expected to add 30-40% to real estate values within 5 years of completion. Early investments in new projects in Noida now offer new buyers an excellent, profitable opportunity.
Conclusion
Their robust infrastructure, strategic location and future development plans are responsible for the meteoric rise of property in Noida and Greater Noida. These cities are turning out to be investment hotspots in part because of significant government initiatives, rise in property value and luxurious living options.
This is the ideal time for investors and home buyers to explore new projects in Noida and buy a property for a profitable future. Noida and Greater Noida have something for everyone whether you’re looking for a luxurious apartment or a budget friendly flat.
Don’t miss out. Seize the opportunity today to establish your foothold in the growing real estate market of Noida and Greater Noida and become a part of the fast-moving real estate landscape.