Wednesday 24 July 2013

Increasing demand of Residential as well as Commercial Property in Noida

Noida has become the favourite spot for developers, buyers and investors because of its great infrastructure and easy accessibility to Ghaziabad, Gurgaon, Delhi and Faridabad. These two factors are contributing in the demand of Commercial Property as well as Residential Property in Noida. The construction of Noida-Greater Noida Expressway that connects to the 165 km long Yamuna Expressway, is motivating developers to introduce new projects in Noida and Greater Noida.

Noida-Greater Noida is becoming a hub of Commercial Property because more and more IT, ITES and MNC’s are developing their corporate offices in the city. The rise in commercial property is creating demand for Residential Property in Noida. There are renowned developers of Noida stature that are designing and constructing residential projects on both the sides of Noida-Greater Noida Expressway. This factor is contributing in attracting the varied investors and buyers. The residents of this place will enjoy the benefit of having an easy access to Greater Noida as well as Delhi. 

The main buyers of Residential Property in Noida are the professionals, who are finding it a lucrative option to invest in these properties for better future prospects. According to the market experts, the localities that are developed near the Expressway will ensure profitable returns on investment. The Noida Authority is also undertaking a number of infrastructural development projects to increase the real estate value of this location. The demand of commercial as well as residential property has led to increase in the prices of these properties.

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