Greater Noida West has grown into a much sought-after residential hub of the National Capital Region. Catering to the mid-segment buyers as well as the HNIs, this market has something for everyone. A neighbourhood, that was once just a piece of barren land, has now come on the real estate map of NCR and competes with established markets of Noida and Delhi. So, how did this locality rise to the point of being a preferred investment destination in NCR?
Let us talk about the factors that turned Greater Noida West into a real estate gem-
For any locality, infrastructure is the first and foremost quality that attracts builders to set up their projects and investors to park their money. As soon as the government started building expressways that led to far-off corners of Greater Noida, developers started buying land parcels. The area is undergoing a well-planned development; roads are gradually reaching the neglected corners of the city. Though it will still take time for the infrastructure to match other established areas, the pace at which the locality is improving itself is impressive. Social infrastructure is also catching up. Focusing on industrial, commercial and educational development across the neighbourhood, proper hubs like Knowledge Hub and Techzone-IV have been planned.
Connectivity is a major factor that makes Greater Noida West a wonderful location. The place is already connected to Delhi through Noida via the Noida-Greater Noida Expressway. More connectivity options are rapidly coming up in and around the area. DND Flyway, NH-24 and Yamuna Expressway can also be reached within no time. Such great accessibility makes Greater Noida West a very important place for making an investment.
Developers started thronging the developable areas of Greater Noida West as soon as they saw signs of upcoming growth. And now, there are very few locations that are left vacant. In the coming 2-3 years, more than 2.5 lakh residential units will be up for possession or already occupied. Commercial projects are also found in abundance such as Home & Soul Boulevard Walk that offers world-class retail spaces and serviced apartments. Being an affordable destination, it is great for long-term investment and for end-users who wish to live there for a long time horizon. Once the area is completely developed, guaranteed returns will flow.
Greater Noida West is showing rapid development. By the end of 2016, several projects will be up for possession both in residential and commercial segment. Affordability is the major factor that attracts buyers and investors. In future, more improvement in infrastructure and civic amenities will be found in this prime locality. Immense returns will flow in.