In the last few years, Delhi NCR region has seen a great growth in both commercial and residential project developments. Experts predict that this rate of growth will continue till 2020. The other cities in NCR, National Capital Region, have shown more growth compared to Delhi. Noida has been the leader of the pack and has become the hottest destination for companies. Gurgaon, Faridabad and Ghaziabad have shown appreciable growth as well.
Residential and commercial projects are often auctioned for lot higher than their original price. The prices of properties are growing at a rate of 30% yearly. Commercial office spaces in Noida sector 140 might cost you more than 4000 rupees per square foot, provided it has all the modern facilities.
Noida has become a very important destination for companies, a far cry from being just another city in Uttar Pradesh, as well for residential purposes. It is now almost impossible to find spacious living space in Delhi and thus people are flocking to Noida for a better living. For these reasons, real estate development has caught fire in Noida. Noida asks for fewer prices while offer more space for office and home. Companies are opening branches in Noida rather than in Delhi, for these obvious reasons.
With emerging townships like Greater Noida and Noida Extension, the prospects of business in Noida are only increasing. Both of these townships are very well connected with Delhi via DND flyover and now also via Delhi Metro Rail. Travelling to Noida via either of these two options is extremely convenient and fast. The eight lane Yamuna Expressway makes it easy to reach the deepest corners of Noida.
Greater Noida is the only city in North India with privatised power supply. This means the power supply there is uninterrupted and efficient. The international airport in Greater Noida, which is coming up soon, will also add to the value. Taj Expressway ensured that the tourism industry will see a boom as well.
All these reasons make it a very enticing option to set up your office and business in Noida. However, you should adopt precaution while buying an office space in Noida as there are several fishy characters trying to sell properties here. You should only deal with reputed developers and brokers in Noida and Delhi. Do research before you finalise any property using the internet and only buy the property which has good feedback.