With real estate prices in Delhi reaching astronomical heights, homebuyers and real estate investors are shifting to adjacent cities like Noida.
Properties in Noida offer similar investment benefits to Delhi. Moreover, the rise of Noida’s job market has made it the top investment choice for millennials. Noida is home to major global companies, and millennials from all over the country are migrating there.
Let’s look at some key reasons why investing in Noida is the first choice for millennials and younger investors.
Increasing Job Opportunities
Noida, along with Greater Noida and Yamuna Expressway, is home to IT giants like TCS, Microsoft, Infosys, Adobe, and Oracle. This has led to a plethora of job opportunities in the region, attracting immigrants from all over the country.
Many millennials are deciding to make Noida their new home, and hence, are looking for rental properties. By investing in properties in Noida, you can earn a consistent monthly rental income. And since the job market in Noida is growing, the property prices will increase in the upcoming years.
Seamless Accessibility
Noida is one of the most accessible locations in the NCR region. Popular landmarks like the Buddh International F1 circuit, Amity University, IGI Airport, Jewar Airport (under construction), Ghaziabad Railway Station, and Nizamuddin Railway Station. This makes Noida an in-demand location and an excellent area of investing in real estate for millennials.
Global-Standard Infrastructure and Planning
Noida is one of the best-planned cities in not only India but entire Asia. It is Asia’s first city that was planned for 30 years before starting the actuarial construction. Noida extension is currently under development and is expected to be one of the developed regions in the country with big wide roads, commercial spaces, IT offices, and more.
High Return on Investment
Noida, Greater Noida, and Yamuna Expressway are the best regions in India in terms of real estate return on investment (ROI). As discussed, these areas are projected to develop significantly in the upcoming years. The upcoming development, along with the continuously emerging job opportunities, is constantly increasing real estate prices in Noida. Thus, investing in real estate in Noida has become a top priority for millennials.
Affordable Property Prices
Affordable luxury housing is the top choice for millennials. In Noida, 1 BHK flats are available from Rs. 25 lakh and 2 BHK flats from 40 lakh. In Greater Noida, 1 BHK and 2 BHK flats start at Rs. 30 lakh and Rs. 50 lakh, respectively. These prices are considerably lower than other metros. For example, 2 BHK flats in Delhi start at Rs. 65 lakh. Hence, millennials are choosing Noida over other metros like Delhi, Mumbai, and Bangalore for investing in real estate.
Wrap Up
Noida is one of the fastest-growing cities in the country, and it has become the primary choice for real estate investment among millennials. Low property prices, continuous development, and increasing job opportunities are major reasons for the increasing popularity of Noida as an investment hub.