The Uttar Pradesh government has shown a keen interest in transforming Delhi NCR into a world-class destination, where every investment opportunity brings incredible returns.

One such glorious urban destination in Delhi NCR, Noida, has witnessed fantastic growth over the last few years, thanks to the availability of elite infrastructure and an open investment approach.

It is getting showered with massive investments. Not very surprisingly, many real estate developers, as well as property seekers, have focused their attention on Noida. The government’s progressive approach to various ambitious projects has shaped this city into a globally renowned destination.

Why is Noida Preferable for Real Estate Investment?

The New Okhla Industrial Development Authority (NOIDA), Greater New Okhla Industrial Development Authority (GNIDA), Yamuna Expressway Industrial Development Authority (YEIDA) and other local governing bodies have sparked a property market frenzy, heading land rates to record heights.

This lured prominent real estate developers to Noida and its surrounding urban developments, such as Greater Noida, Gautam Buddha Nagar, and Yamuna Expressway. Their consistent efforts have played a significant role in transforming Delhi NCR into a hub of top-notch destinations.

But why is this so?

Simply put, the never-ending assured returns in Delhi NCR cities have provided zestful investment opportunities to investors.

Noida was developed in 1976, and since then, it has grown incredibly. It has seen its development from ordinary agricultural land into a mix of housing and industrial areas. Gaur Yamuna City is the brightest example, boasting extravagant commercial and residential properties on Yamuna Expressway.

Even the premium RERA-approved plots in Jewar along the Yamuna Expressway have attracted unbelievable property buyers' attention.

Increased industrial, commercial, and urban development in Noida and the adjoining parts have proved to be a win-win situation for the government, investors, and the regional population as well.

Evolving Noida With A Master Plan

As per the New Uttar Pradesh City master plan, New Noida has aspired to accommodate more than 600,000 occupants. These occupants will be served with world-class infrastructure, including industries, offices, educational institutions, and residential spaces.

With the approval of the New Noida Master Plan 2041, the city will have roughly 8,100 hectares dedicated to various industries and around 1,600 hectares to institutions providing medical and engineering institutions and other educational facilities. Additionally, more than 2,000 hectares have been reserved for residential developments.

The master plan for New Noida takes inspiration from the successful models of Noida, Gurugram, and Greater Noida. When there are talks about the marvellous real estate developers in the region, prominent builders such as Gaursons are lauded for their astounding efforts.

These prominent real estate players have stood firm in their commitment to transform Noida socially and economically. The revised Gaur Yamuna Expressway price list has propelled traction for several commercial and residential projects in the region.

Upcoming Developments in New Noida

As per the Master Plan 2041, New Noida will be developed into a highly developed urban location, augmented with industries belonging to the agriculture, food processing, and FMCG categories.

Some underlying positive factors in this development are:

• Introducing a satellite-based Geographical Information System (GIS) will play a vital role in the plan’s development. 
• FMCG, food processing, and regional agriculture industries will find a rejuvenated economy and contribute to the overall growth
• Introduction of more educational institutions, knowledge centres, and a logistical hub for industries will drive growth and encourage expansion.

Land Acquisition Has Begun

Many prominent developers have started land purchasing land from the nodal authority of Noid. They are set to carry out major development projects in the region very soon.

While some are waiting for their land possession, others have already started building warehouses and farmhouses with the intention of securing a stake in the new area.

Impact of Noida New Project on Villages

The New Noida region has covered a significant number of villages under its jurisdiction:

• Gautam Buddh Nagar’s Dadri Tehsil – 20 villages
• Bulandshahr District’s Sikandrabad Tehsil – 67 villages

All these 87 villages will be transformed into a high-tech hub of brilliant opportunities, where investors will draw exceptional returns. With the sponsorship of the local governor and the Uttar Pradesh government, the New Noida project will be a life-changing moment for local inhabitants.

The Master Plan 2041 will impact Greater Noida as well. Its boundaries will be extended and reestablished as “Greater Noida Phase 2”. The designated 40,000-hectare will be a hotbed for real estate activity.

The increasing demand for empty plots has kicked up its price to an all-time high. The new heights of land at locations like the GT Road come close to a whopping INR 2.5 crore per acre.

Greater Noida Phase-2: Development Overview

Since the past few years, Greater Noida has seen a drastic demand for real estate transformation alongside Noida. As a primary development focus for industrial and commercial purposes, this area will welcome a major railway junction in Bodaki, further leading to extensive industrialisation.

After the authorities approve, the Delhi NCR authorities will issue a project clearance. The interlinking of Greater Noida, Bulandshahr, and New Noida will help the region thrive as a commercial and industrial centre, creating significant real estate investment opportunities, too.

Since ongoing work on the master plan and detailed project reports are already in place, you can anticipate the imminent project launch, too.

Furthermore, there is an exceptional development in the real estate spectrum, with numerous Yamuna Expressway flats going to be revealed this year.

Projects Under Pipeline in Delhi NCR

Noida's property market has increased the demand for spacious and luxury homes, and you'll see a massive growth in residential sales even due to the high mortgage rates. As per CREDAI-Colliers-Liases Foras report, the residential property prices in India have elevated from 8% as compared to the first quarter of 2023 ending March.

These factors have driven up the property demand in Noida as various projects are lining up that attract people to settle in India's upcoming economic hub.

Let's see the various projects in Noida that will contribute to the progression of the real estate market.

• The World's Longest Pod Taxi Service will facilitate connectivity between Noida's International Film City and Noida International Airport.
• YEIDA will develop a BRT system from Jewar Airport for a smooth commute from the airport to the rest of the NCR.
• The International Film City project in Noida Sector 21 will serve an entire value chain of film pre-production, film tourism and post-production.
• Medical Device Park in Sector 28 will bring special incentives for setting up manufacturing plants with fast clearance and approvals to promote a conducive investment environment.
• The Multimodal Logistics Park (MMLP) facility at Tappal Bajna on Yamuna Expressway will be constructed to optimise the present potential, enhance the investment climate and boost the area's economic development.

Ready To Invest, Then?

As of 2023, the real estate industry in Delhi NCR has grown significantly. The rising demand for commercial and residential projects has propelled economic activities serving a huge regional population.

The promising economy of Delhi NCR is helping to transform the region into a world-class destination boasting top-notch amenities and outstanding connectivity.