5 major reasons to invest in the real estate of Greater Noida.
Located in the district of Gautam Budh Nagar in Uttar Pradesh, Greater Noida is the hub for real estate investment. Establishes in 2008 as the extension of Noida by the GNIDA, Greater Noida continues to register growth. Moreover in the upcoming years, it will become the hub for lavish and commercial space in India.
Does that make it a good place for investment?
Of course, Greater Noida will be your best investment decision ever. The city is developing at a fast rate. Presence of several big and small businesses makes it the point of attraction among investors. Besides the city is also part of many government projects. So you can see your investment is going to make higher returns. Moreover, the rate of Residential plots in Greater Noida is pretty affordable. You can make a dollar with the investment of a penny. It might sound like a fable but Greater Noida has the potential to turn it into reality.
Still, confuse? Don’t worry check out the five major reasons to invest in Greater Noida.
The strategic locality of Greater Noida makes it a profitable place for investment. Only at the distance of 33 km from the capital of India, this place can offer tons of opportunities. Besides, it is also one of the favorite places of companies, which makes it an employment hub. If you invest in a residential property, you can also rent it out and make passive income. You can understand how this locality can offer you great returns.
Greater Noida offers good connectivity with all the nearby cities. It has a metro station that connects with Delhi NCR and other nearby areas. Besides the Yamuna expressway offers easy connectivity with the several major cities of Uttar Pradesh. Also the much-hyped Jewar airport, the biggest airport of India, expected to complete by 2024 makes the place connected internationally too.
You do not need to think twice when it comes to infrastructure. Greater Noida has a top-class infrastructure. Wide roads, world-class schools, colleges, shopping malls, complexes, etc. are making the city’s infrastructure rich and lavish. As well as Greater Noida is the first Indian city to have the planned infrastructure for the next 30 years in advance.
The city is still in the phase of development. Hence right now the rates of plots and houses are quite affordable here. That is also one of the many reasons this place has become a hot investment among investors. You can buy property either for residential or for business purposes. This place is suitable for both investments.
This is the important point ROI. Before making any investment it is good to calculate the return on investment (ROI). It will help you to make the right investment decision.
So what is the ROI of Greater Noida?
This question must have come to your mind by now. Well, the ROI on Greater Noida is pretty decent. The city is kept on developing every year. Besides the upcoming projects such as Patanjali food and herbal park, DMIC, companies like LG, Micromax, Lava international, Intex, etc. are also going to set up their plant in Greater Noida. It will be a huge boost for the property prices in the region.
So if you are thinking to invest in Greater Noida, the time is now. Because as the more and more development is happening the property prices will also upsurge in the city. And you might miss the opportunity to make a dollar from a penny.
Impact of budget on the real estate sector.
After the various assumption and expectations, we finally have the union budget. On 1 February 2022 finance minister, Ms. Niramala Sitharaman presented the union budget for the financial year 2022-23. From cryptocurrency to agriculture and technology, the budget has a huge announcement for every sector.
How Profitable Is Real Estate Investing
Real estate investment is no longer a viable option. There is not much money in this sector. The market is no longer favorable to property purchases and sales.
You’ve probably heard these terms before. People have become more stoic towards the real estate business, especially since the pandemic. And all of this makes you wonder if real estate investment is still worthwhile.
Impact of budget on the real estate sector.
After the various assumption and expectations, we finally have the union budget. On 1 February 2022 finance minister, Ms. Niramala Sitharaman presented the union budget for the financial year 2022-23. From cryptocurrency to agriculture and technology, the budget has a huge announcement for every sector. The central government has allocated nearly Rs. 39.45 trillion money to the total expenditure in the budget of 2022-23.