In recent year’s regions of the metropolitan city, Delhi/NCR have witnessed significant changes and development, especially Greater Noida and Gurgaon. Both residential and commercial real estate in this region have shown rapid growth as they have various facilities like transportation, business hub, metro, entertainment zones, shopping malls etc.
Investing in any part in Delhi/NCR will yield a good return but Greater Noida might give a better return because of the following features:
- World Class infrastructure and layout
Delhi is one of the oldest cities, and after that, Noida came to existence and then Gurgaon. Greater Noida is developing as a sub-region of Noida. But, Greater Noida is the first city in India to be born with a 30-years plan ahead. It is still growing in a balanced well-planned manner. Once they built their infrastructure, their preparation for the years ahead was ready. So having a world-class infrastructure is making its story.
Whereas, both Delhi and Gurgaon have witnessed an unbalanced growth, they both lack proper urban infrastructure, while Greater Noida is the most well-planned city after Chandigarh. Most of the Greater Noida, Noida, and Noida extension parts have remarkable town management, and the suburb has a Commercial or Business hub.
- More Greenery and less pollution
Greater Noida is properly planned with wider roads, water treatment plants, and better road transport in almost every residential society. As compared to Gurgaon and Delhi, Greater Noida has much open space and better infrastructure. This means less concrete views and more greenery in the region, which makes Greater Noida a pollution-free city and full of greenery as compared to Gurgaon and Delhi.
- Growing Health care services and other amenities
Greater Noida is a much cleaner city than Gurgaon and Delhi. Most of the leading health care facilities are located in Delhi and Gurgaon. But, Greater noida is not far behind in serving the best in class medical facilities having Fortis Hospital, Kailash, Apollo, and Max Hospital in the city.As far as educational concern Greater Noida is way ahead of Gurgaon and Delhi as Amity, UP Technical University, and MTU and other top schools are here.
- A business hub for top MNC and IT companies
Greater Noida is now developing as a major Commercial or Business hub for many national and international companies, and foreign IT companies are outsourcing here. Many MNCs and IT companies are interested in building office spaces in Noida and Greater Noida with the Metro connectivity to reap maximum benefits at affordable rates. MNCs are shifting to Greater Noida because the real estate price is much higher in Delhi and Gurgaon than Noida. Now top campaigns MNC are there and are considering Greater Noida to be their Indian corporate headquarters.
- Connectivity
Delhi-Gurgaon Expressway connects Delhi-Noida-Gurgaon via DND Flyway. Connectivity to Delhi/NCR is much better than others and has better public transport than Gurgaon. Also, proposed or upcoming airports to be constructed in Jewar and will get called Jewar International Airport.
Now Delhi-Mumbai Industrial Corridor project is being planned to encourage industrial development across Delhi-Gurgaon-Noida and their financial hubs. The whole project is being seen as an effective integration between industry and infrastructure, social and economic development.
- Price Appreciation
While there are significant differences among the property prices of various parts in Delhi/NCR, a good investor always consider the return on investment that he is making not the amount of money that investor is investing. Seasoned, real estate investors have made exponential return from investing in properties in developing areas. 15 years ago Noida was developing, and now Greater Noida is. We know what real estate prices were in Noida 15 years back and what the prices are now. Similarly we can estimate what property prices in Greater Noida might be 15 years later.
Considering the above points, investment in Greater Noida could be better choice.