Factors Influencing the Growth of Residential Property in Noida
The significant investment in the IT and ITES industry in the extensive region of Noida has encouraged the momentous growth of the population in the city. Along with the development of the commercial property, the residential property in Noida has also received a growth surge in recent times. Moreover, the extension of the Yamuna Expressway has resulted in the development of affordable but highly facilitated residential properties in the city.
With endless opportunities coming up almost every day, quite a good number of business and construction groups, such as Jaypee, Amrapali, Ajnara, Mahagun, Assotech, Stellar, Paras, Logix, Supertech, and others are making a significant investment in the real estate market of the city. Over the past few years, many of these construction groups have launched their world-class projects at the posh residential locales in Noida.
There are several factors, which have been contributing to the massive upsurge of the residential property in Noida. Mention should be made of the growing shopping facilities across the city. Quite a good number of malls, such as Center Stage Mall, Sab Mall, Great India Place, Spice mall, and Shopprix Mall are becoming the center of attraction in every possible way. Housing a slew of reputed clothing lines, jewelry brands, multi-screen cinema halls, these shopping malls definitely add grace and unbeatable charm to the erstwhile city of Noida. Moreover, the food chain of international repute across the malls in the city has made them the talk of the town. Many of the residential property of the city is located close to the luxury inns and hotels, such as the Park Plaza and Nirula’s hotels.
Needless to say, with the growth of the residential property in Noida, a lot of associated developments are also grabbing the right pace. Major developments are introduced in the learning and education scenario with a large number of famous schools coming to the scene. Mention should be made of the Delhi Public School, Ryan International School, Amity International School, Apeejay School, Army Public School, Central School, And others.
Apart from these, there are other factors as well, which has contributed to the growth and developments of the residential property in Noida. As mentioned earlier, the city has been acquiring significant investment in the IT and ITES sector, which in turn has created endless employment opportunities in various sectors. Currently, the extensive region of Noida has come under an industrial belt, where various small and medium scale industries are creating lucrative employment opportunities.
Over the past few years, Noida has witnessed tangible developments in the commercial and the industrial sectors. This has stimulated the expansion of the residential property in Noida all the more. According to the experts, Noida, in recent times is a significantly developing destination for real estate investment. Not only does it offer unbeatable infrastructure, but it also endless opportunities to experience career growth in the comings years.
