Noida E-way observes rise in demand for commercial real estate
Noida: Rising rentals in Delhi and scarcity of office space have made many businessmen to set up offices in Noida since the the rental rates in Noida are still in affordable range.
Noida Expressway is witnessing significant rise in office employment. The businessmen and employees are finding difficulty in travelling from Noida to their offices every day. As a result many are planning to rent or buy properties in Noida Expressway to live in.
The Noida Authority had developed numerous office spaces in the last few years as part of commercial activities at various sectors in Noida. And this timely action of the Authority has been fruitful in improving both the commercial and residential real estate sector in Noida.
Several commercial projects have been launched in various sectors of Noida. These properties exhibit huge potential of giving very good returns to investors and buyers. They are expected to make perfect business sense for businessmen, corporates and entrepreneurs, who are looking to shift their workstations to Noida Expressway.
Sectors 62, 78, 105, 108, 124, 125, 126, 127, 132, 135, 136, 142, 143, 144, 153 and 154, located along the Noida expressway, were declared by the Authority to be open for commercial activities. Most of these sectors are offering institutional and other office facilities that will house a large number of commercial set-ups, which would further generate employment opportunities.
The whole belt along the expressway has seen vast development with world-class facilities and infrastructure sprouting all over the place. The connectivity has further been pushed with the start of the 165 km-long Yamuna Expressway (Delhi to Agra).
The developing commercial sector has in turn influenced the demand for residential real estate sector, cutting across segments, from affordable to mid-segment and right up to luxurious residential projects, all of which come with high technology and world-class facilities.
The improved infrastructure, proposed Metro link and proximity to international airport, have been the key drivers for the progres in Noida-Greater Noida stretch. The presence of big shopping malls and commercial centres has made the area a good business hub, with new flyovers, the DND Expressway and the Noida-Greater Noida Expressway, along with wide city roads, facilitating the process.
The living standards of residents in Noida-Greater Noida and its surrounding areas have been largely influenced with the developments happening in the region.
The demand and need for commercial space is growing high due to the movement of the people on this stretch. And efforts have been made to meet their work-play-rejuvenate-stay requirements, all at one destination.
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