Investing in real estate has countless benefits and can be quite stupendous for a major population. The idea of finding the best place to invest with all key ingredients in mind is like “finding a needle in the hay”. Location has always been a matter of debate for investors and buyers alike when it comes to property investment. The ‘mantra’ for a successful investment is that you will have to consider the location as a prime factor. Location includes neighborhood, convenience of transport, safety, infrastructure, nearby amenities etc. It is the location of a home that determines the property value of an investment.
Over the last few years, Noida has turned out to be the largest hub for commercial, residential and industrial developments in the country. Rising income levels, growth in infrastructure and demographic advantages provide this city an edge as compared to other cities in NCR for commercial space in Noida and retail space in Noida. Let us evaluate some of the important reasons that are acting as a boost to Noida becoming the commercial hub:
1) Proposed metro connectivity: This is a considerable big factor in making a property desirable for buying. Noida provides the best connectivity which is a great advantage for any development. A proposed metro link between Noida – Greater Noida is in the pipeline and will provide better and improved connectivity. The NMRC has got the required approvals for the same from the State Government.
2) Accessibility: This hub is more easily accessible from Delhi through road and rail route as compared to counterpart areas. The DND flyway has reduced the travelling time between Delhi and Noida to a great extent.
3) Home to major MNC’s: Many MNC’s, BPO’s, IT and ITES companies are settling down in Noida and has become a favorable destination.
4) Well Planned township with great infrastructure: Noida is one of the largest planned townships with a population of over 1.8 million. The city has some of the best roads, parks, schools and entertainment areas. Also existing commercial ventures are a great success in this area.
5) Future developments: Various recent announcements have made the realty market increasingly captivating. A link road is being planned to develop along river Yamuna, Noida-Greater Noida Expressway etc. Also the city is soon planning to get its international airport as well.
All the above factors have been noted by eminent and realty giants and they are coming up with commercial space in Noida and retail space in Noida. Projects such as Wave Boulevard, Wave Hubb, Wave Courtyard, Wave City Center, Wave One, i-thum etc. are major commercial developments which will prove to be hottest destinations in the future.