NCR has witnessed a profound transformation in its real estate landscape, driven primarily by continuous infrastructure development and economic growth. Over the past decade, NCR has seen a flurry of infrastructure projects aimed at improving connectivity, easing traffic congestion, and boosting economic activities.
India’s infrastructure sector has also witnessed significant foreign direct investment (FDI), amounting to INR 207 billion over the last five years, bolstered by robust economic fundamentals, according to the Annarock report.
Infrastructure developments not only enhance mobility but also spur job creation, thereby supporting economic growth across sectors. The government’s ambitious goal to achieve a $5 trillion economy by 2025 underscores the critical role of the real estate and infrastructure sectors. Both sectors are integral to economic growth and complement each other’s progress. With the constant upgradation in physical and social infrastructure, NCR’s real estate market is poised for continued prosperity, attracting investments and driving urban development initiatives.
Real estate demand in Noida is significantly driven by its robust connectivity infrastructure and enhanced living standards. Positioned strategically, the city enjoys easy accessibility via major roadways such as the Noida-Greater Noida Expressway and Yamuna Expressway, facilitating seamless intra-city and inter-city travel. The upcoming Jewar Airport in Greater Noida further enhances connectivity, fostering commercial and hospitality developments in its vicinity. Noida has emerged as a key economic center, attracting a diverse array of multinational corporations, IT firms, and startups.
Noida’s real estate sector thrives on its strategic location, enhanced connectivity, and supportive infrastructure development. These factors not only bolster economic activities but also position the city as a preferred destination for luxury living and business activity. Projects like Prateek Grand City located in Siddharth Vihar, and Prateek Canary in sec-150 Noida are offering residents a home that seamlessly blends luxury with natural surroundings. Prateek Grand City in Siddharth Vihar stands out as the only developed township in the Ghaziabad region. Focused on providing an upgraded lifestyle to its residents, the township is likely to see a new addition to it very soon.
Besides, the establishment of IT parks, corporate offices, and shopping malls has not only attracted multinational companies but has also created employment opportunities, thereby driving demand for residential properties in nearby areas. Retail developments have also followed suit, with malls and retail hubs strategically located along expressways and metro corridors to capitalize on the increasing consumer footfall. These retail spaces offer a mix of international and domestic brands, entertainment options, and dining experiences, catering to the evolving lifestyle preferences of urban dwellers.
According to recent reports, NCR continues to attract substantial investments in both residential and commercial sectors, with developers focusing on delivering integrated townships and mixed-use developments that offer a holistic living and working experience. With over 50% increase in property values and a 30% rise in commercial investments post-infrastructural advancements, Noida is not just a city; it’s a thriving economic hub.
This synergy between infrastructure development and real estate growth not only enhances the quality of life but also establishes Noida as a premier destination for long-term investment and sustainable development. The symbiotic relationship between infrastructure upgradation, economic prosperity, and the realty market in NCR underscores the region’s status as a prime investment destination. With significant investments in metro expansions, road networks, and smart city initiatives, NCR has witnessed a surge in property demand and value appreciation.