Over the time, Greater Noida and Noida have attracted developers to reap the benefits land bank has to offer. It is speculated that approximately 6500 apartments will be developed in Greater Noida by 30 renowned real estate developers. For developers there are opportunities to develop residential and commercial projects to cater ample needs of the prospective buyers and prospective buyers are attracted towards Noida and Greater Noida for its beauty, planning and affordable housing. In addition to this, Noida is all set to witness a boom from all the avenues. The Chief Minister of UP has invited Fortune 500 companies of India to invest in the state. It is a never before opportunity for investors, as CM assures them that their investments will be secured.
Well-planned infrastructure, connectivity and IT clusters have made Noida the best investment opportunity. It is the most sought-after destination for affordable housing with all the amenities within the vicinity. The top schools such as DPS, Khaitan, Ramagyam, Manav Rachna, Amity, Apeejay, Shriram Group, Lotus Valley are a few names. Multi-speciality hospitals such as Fortis, Max, Neo NMC, Apollo are also planned with 24×7 emergency pharmaceutical services. Working professionals and students have opportunities to kick-start their career in established and new start-ups in the city in Various sectors across the city.
Families have multiple options to choose the best option for them in terms of high-end living, affordable housing, independent houses, apartments with basic and luxurious amenities. The neighbourhood is well-planned with various services and amenities for everyone. The safety and security of residents have also been ensured in the city with patrolling police.
For entertainment, recreational zones and parks, commercial centres, fine-dining, lunge and hypermarkets are numerous in the city. Slowly and gradually, Noida and greater Noida have gained a potential of high investment outcomes in the coming future. To further maintain their interest UP government has opened avenues for Fortune 500 companies to invest and develop recreational and employment opportunities in the state.
Get Or Regret?
The development will get an advantage of the settlement of the city due to its proximity to Delhi and Faridabad. Earlier, for service class there were opportunities available in limited sectors of the city including Film City, Sector 62, 63, and sector 125, 126, 130, 135, but now UP has a changed image and has unlimited potential. Aligned with the PM’s directives, the UP government is all set to meet the targets and make UP, the flourishing state and becoming the growth engine of India. The Film city is expected to have its own Disneyland and much more for recreational activities.
Moreover, GNIDA has allotted industrial plots which are anticipated to create a revenue of Rs 5000 crore. Along with industrial development, employment opportunities are also on the list which is beneficial for the local dwellers. The developers will have to get the NOC from the authority before commencing any project, which can also be issued after clearing their dues. It will maintain fair work practices in the real estate sector. Not only this, the Uttar Pradesh government has also ensured that developers should clear their dues which is a relief for prospective buyers.
To avoid arbitrariness among builders, the registration department is seeking data on upcoming and running projects. In the past, several issues have been raised among builders and buyers, thus, amendments will be made to resolve builder-buyer issues. The UP government has become stricter than ever before and has proposed various policies for the fair and transparent dealings for the benefit of the developers and the buyers.
FDI policies have also been introduced by the UP CM to attract investors. The government aims at making UP a “one trillion dollar economy” by 2027. The economic landscape of Uttar Pradesh is wide and thus, it gives huge opportunities to the foreign investors. It has been reported that between 2019 and 2023, the state has seen four times increase in foreign investment which will be continued under CM’s flagship.
The booming future and potential of the state makes it the right time to invest in the city. The market is skyrocketing and once the prices are higher than it will be worth regretting. It is a once in a lifetime opportunity, therefore, take a wise decision and get the best investment to cherish for the lifetime.
