Noida, or the New Okhla Industrial Development Authority, is a satellite township in Uttar Pradesh. The authority looks after this industrial region, which is a part of Delhi NCR.

This township is among India's most modern and developed cities, as it grabs the top position in several important metrics. As per "Best City Awards" by ABP News, Noida is named the greatest city in Uttar Pradesh and the finest city for residential options in India.

With over 50% green cover, Noida is reported to be the top Indian city with the largest percentage of forested land. It has also been ranked the cleanest city among India's medium-sized cities. The rankings are important for the commercial sector as they show much about the city's infrastructural development and potential growth trajectory.

Noida has emerged as a centre for IT solutions and software development, and the region sees several new business establishments every year. For example, Samsung, a reputed electronics manufacturer, has invested 50 billion rupees under the "Make in India" initiative of the Central Government.

This makes Noida one of the best places to start a business, considering that the city's property market is also very lucrative.

Top 4 Reasons to Invest in Noida Real Estate

Several residential and commercial projects are shaping the real estate landscape of Noida. Marvellous sky-high projects, including Bhutani Cyberthum, GYGY Mentis, Orion One 32, Paras Avenue Noida, etc., are making headlines for their brilliant commercial spaces and world-class facilities.

Let's check out the top reasons to invest in Noida's real estate:

Transportation Facility

The township of Noida is fully developed for buses, metros, trains, etc. These are available in all major parts of the city, including rail and vehicle services.

The transportation facility includes Delhi Metro, which sprawls into the NCR area, with the Blue Line running from Dwarka to Noida and has 44 stations. Noida residents may visit any part of Delhi through the Delhi Metro. The New Delhi and Old Delhi railway terminals are accessible via the Noida metro station.

This city has the nearest airport, Indira Gandhi International Airport, which is about 23 km away.

Digital Hub

Noida is one of the major centres in India for developing software, mobile applications, and BPO services. This city has been flooded by globally known corporations, new tech ventures, and branches and facilities of major companies for the last several years. The offices of several leading corporations, such as HCL Technologies, TCS, Dell, Wipro, Tech Mahindra, and IBM India, are located in Noida.

These global companies prefer Noida for their corporate office due to its proximity to the national capital and strong connectivity. In addition, with a number of IT parks in and around Noida, the region has seen an incredible business investment.

Educational Centre

Noida has many renowned educational institutes that have evolved parallel to the cyber sphere in recent decades. This leads to a huge student and teacher population in this town. Moreover, in such situations, it is only a matter of time before other interested homebuyers and residents seek education at these educational centres due to their proximity to commercial regions.

Availability of Working Professionals

The large cyber sector in Noida creates numerous opportunities for professionals, making it the home to several people seeking jobs. There are always enough customers for the apartments, restaurants, and other businesses. Therefore, this possibility can result in a high potential opportunity for commercial property in Noida.

Investing in Commercial Real Estate in Noida

Noida is an impressive destination for commercial real estate investment. The areas mentioned below are among the region's best for making an investment. You may even wish to invest in some of these areas for maximum benefits.

Sector 100

Among the city's numerous business hubs is Sector 100. With its proximity to the Noida Special Economic Zone (SEZ), Advant Navis Business Park, and a few more commercial establishments. Additionally, it is close to several hospitals, such as Yatharth Super Specialty Hospital and Jaypee Hospital, and known educational institutions, such as Amity University.

Sector 100 registers an incredible footfall, because of its closeness to Sector 104 business district and thus a very attractive point of attraction for commercial companies. The property prices in this region increased by 17% over one year. The approximate cost of a typical residential space in sector 100 is Rs 7400 per square foot.

Sector 110

This sector in Noida is easily accessible by a number of routes, such as through the Noida - Greater Noida Expressway and lies a short distance from the Noida Special Economic Zone. Consequently, the area has gained popularity and is promising in terms of rental income, with a minimum rental yield of Rs 15,000 monthly fee for a 2 BHK apartment.

The property value of this place is also increasing as it has a good geographical location. Sector 110 is a residential location with multi-speciality hospitals, stores, and educational institutions nearby. The average cost of a retail shop for sale in Noida per square foot for this area is approximately Rs 5,800.

What to Consider Before Buying Office Space in Noida

When investing in commercial real estate in Noida, there are some things you need to consider that have the potential to increase your income. Consider the following facts before shopping for commercial property in Noida.

Location Demand

Demand and the value of a property are hugely affected by its location. In addition, a property in the city centre or near fly-overs or busy roads will enjoy high demand. Thus, it will have a higher return than other real estate property. Therefore, you should purchase a new business location in some good areas in town.

Infrastructural Development

An urbanised infrastructure with modern amenities is important for having a commercial space. The property will be of greater use to businesses if it lies near important utilities such as electric and water supply, transport lines, etc. Therefore, consider improving the area's infrastructure while purchasing one of them.

Noida is going through extraordinary development, and the region is among the top tech hubs in the country. With several residential and commercial investments raining over the city, this planned township has drastically transformed the overall landscape of the regional economy, leading to exceptional ROI and commendable growth.