Greater Noida West: A hotspot for residential & commercial real estate

financialexpress.com:

Greater Noida West or Noida Extension has emerged as one of the fast-growing real estate micro-markets in the National Capital Region (NCR) post the pandemic. This region, in fact, is gaining popularity as a residential real estate destination in NCR for a combination of reasons. While the micro market’s relatively affordable residential typologies comprising 2&3 BHK units, as compared to other parts of NCR, has attracted middle class and first-time home buyers, its proximity and connectivity to the economic hubs and through widened roads and metro network have been instrumental in making the location more accessible.

According to ANAROCK, new project launches by several renowned developers have also enabled improved traction of residential real estate. Above all, a clean and green environment compared to the other parts of NCR is an added appeal for those looking for a healthier and peaceful lifestyle.

“Prices of residential real estate in the micro market have been on a constant rise since 2022. Prior to that the capital values were rather stable owing to tepid demand as many large infrastructure projects were under execution. Upon their completion, we have witnesses a rise in values as demand has also gained momentum,” says Ashim Chowdhury, Vice President – Research, ANAROCK Group.

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Rental demand is also seen to gain momentum. The market for rental housing is gaining popularity among the young working population from the various corporations in the vicinity. As the return to the office has gained momentum in the post pandemic era, the micro market has witnessed increased traction for rental demand as well. The availability of options across 1,