Noida and Greater Noida have consistently proven to be lucrative investment destinations for both investors and homebuyers. If you're considering real estate investment in 2020, these emerging areas offer excellent potential.
Prime Investment Hotspots in Noida and Greater Noida for 2020
The overabundance of housing supply and escalating prices in Delhi have driven homebuyers and investors to seek residential options in the NCR region. The accessibility and cost-effectiveness of homes in Noida and Greater Noida have fueled their popularity in recent years. If you're planning to purchase a property in these areas in 2020, consider these promising locations:
Noida Sector 74-78
This area is rapidly urbanizing, offering a mix of excellent to ultra-luxurious residences and commercial spaces. Its proximity to key locations like Noida City Center and the commercial hubs of Sector 50 and 34 adds to its appeal. Spacious and well-ventilated residences are attracting investors, driving increased real estate demand.
Sector 150, Greater Noida
Situated on the Noida-Greater Noida Expressway, Sector 150 is a sought-after location for homebuyers and investors. The area boasts a lower population density and several ready-to-move-in projects. It benefits from excellent connectivity via the Faridabad-Noida-Ghaziabad (FNG) Expressway, Yamuna Expressway, and Eastern Peripheral Expressway. The inauguration of the Aqua metro line has significantly amplified residential demand and spurred property price growth of approximately 3-4 percent.
Sectors 100, 135, and 137
Developing social, civic, and physical infrastructure has boosted housing supply in these sectors over the past year. They have become attractive commercial office spaces due to the presence of multiple MNCs, creating an excellent opportunity for price negotiations for homebuyers. This commercial emergence is further propelled by connectivity advantages that draw increasing interest.
Future Growth Potential
The State government's plan to extend the Noida-Greater Noida metro line to Noida Extension promises enhanced connectivity and increased occupancy of vacant spaces in Noida and Greater Noida, where approximately 2.5 lakh units remain unoccupied. This planned expansion further strengthens the investment potential of the outlined sectors. Moreover, the increasing migration of Delhi residents to the NCR region and a greater appetite for investing in properties will continue to drive realty growth in these sectors for some time to come.