- Land payment in one go – Now, the developer has to pay the entire amount for the land in one go, unlike before when it could be paid in installments. A big developer can afford to pay a large amount to the authority at once, unlike small developers. This is why big developers are coming in.
- Infrastructure Development: Noida and Noida Extension have witnessed significant infrastructure development in recent years. This includes the expansion of metro lines, upcoming jewar airport nearby, film city, multiple expressway improved road networks, and the development of modern amenities such as shopping malls, educational institutions, and healthcare facilities. This robust infrastructure framework makes it an attractive destination for real estate developers as it enhances the livability quotient of the area.
- Property Demand: There is a growing demand for residential and commercial properties in Noida and Noida Extension due to several factors. The strategic location near the national capital, coupled with good connectivity to other parts of the Delhi-NCR region, makes it a preferred choice for homebuyers and businesses alike. Additionally, the presence of established IT parks and industrial hubs fuels the demand for commercial spaces.
- Appreciation Rate: The property prices in Noida and Noida Extension have shown a consistent appreciation over the years. This upward trend in property values is primarily driven by factors such as infrastructure development, increasing urbanization, and the influx of investment. Real estate developers are attracted to these areas as they offer the potential for high returns on investment in the long term.
- Valuation: Noida and Noida Extension offer favorable valuation prospects for real estate projects. The availability of land parcels at competitive prices, coupled with the strong demand dynamics, allows developers to undertake projects with relatively lower initial investment costs compared to other metropolitan cities. This favorable valuation scenario enhances the feasibility of real estate developments in the region.
By considering these factors, big real estate developers find Noida and Noida Extension to be lucrative investment destinations offering a conducive environment for sustainable growth and development.