WHY SHOULD YOU BUY A PROPERTY IN NOIDA?
Noida (New Okhla Industrial Development Authority) is a systematically planned city and the residential, as well as the commercial developments, are going hand in hand to develop the city. If you are thinking to buy a property in Delhi NCR then Property in Noida and Greater Noida must have attracted you. Living in Noida offers great jobs opportunities, convention centres, and an airport coming up in the area. Thus, investment in Noida and Greater Noida real estate is going to be your best decision ever.
Real estate has always been considered as the safest and favourable investment option. However, over the few year greater, the market’s momentum has weakened significantly. While the market has been viewing signs of recovery across the country, there is still some scepticism when it comes to investment in real estate. Noida, which has continuously been a real estate investment hot-spot, is among the markets that are still reeling from the effects of demonetisation and the introduction of RERA. But that doesn’t mean that investing in real estate in Noida is not profitable anymore.
Here are few reasons why you should be investing in real estate in Noida: –
- Overflow of Commercial Space
Prices are relatively low, due to oversupply in the commercial real estate market. So, this makes it good time to invest in retail shops in Noida. Not only will you get returns in the form of monthly rentals, but also the capital appreciation too is expected to be more than residential property.
- Higher ROI
Residential real estate has always been the favoured when it comes to real estate investment. old formula of investing in residential property doesn’t effort anymore. The rising prices of residential units and low gratitude levels have changed the market outlook. Investment in office space in Noida or a retail shops in Noida, on the other hand, can deliver better returns.
- The Start-Up Boom
Almost every Indians are trying to realize their entrepreneurial dreams, and this has led to a steady growth in the start-up businesses. As there is a renewed self-assurance in the Indian market, these entrepreneurs are attracting massive investments not just from international investors but also from leading Indian corporate houses. This has been a main force that is driving the demand of commercial office space in Noida.
To put it straightforward commercial properties have now emerged as a more prudent route for those looking to invest in the real estate sector.
- The Impact of Government Policies
The real estate sector always in the news all through the year, with the government announcing numerous major policy creativities such as the passage of the Real Estate (Regulation and Development) Act 2016 and the amendment to the Benami Transactions Act. The government at the centre is unarguably business-oriented. This has led to a renewed sense of sureness at both corporate and global investor levels. The proposed changes in the Foreign Direct Investment (FDI) norms for the real estate sector have also supported the market sentiment.