Tag Archives: Noida’s real estate market

Trends and insights are influencing the commercial real estate near the Noida Expressway

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The Noida Expressway is a commercial real estate corridor characterized by its dynamic and rapidly evolving nature. Its strong points include its strategic location, excellent connectivity, and continuous infrastructure development.  

One of the main thoroughfares linking Noida and Greater Noida, the Noida Expressway, has become a popular place to grow commercial real estate. High-street retail and office space are in high demand along this corridor, thus driving significant real estate development in the area. Buyers and investors see it as a one-stop shop for work, play, and entertainment. 

The supply of retail space is expected to increase by 45% from the current 91 million square feet across seven major cities by 2028, supporting developers’ desire to expand their retail footprint. Recent market insights support this data. Delhi-NCR’s retail stock supply is anticipated to increase by 34%. 

The expressway’s advantageous location and first-rate connectivity to other hubs are the key characteristics that make it a popular destination with strong return potential. It connects to the Yamuna Expressway in addition to Noida and Greater Noida, giving direct access to many significant Uttar Pradesh cities. The corridor has changed due to its proximity to the future  Jewar Airport (Noida International Airport), which has made it a hub for office and retail expansion. The upcoming metro expansion in the area has also increased residential and commercial properties. This has boosted local company growth and raised property values, which has improved the socioeconomic development of the region as a whole. 

Parallel to the current Noida Expressway, a new highway is being built thanks to cooperation between the irrigation department, REITS, NHAI, and the Noida Authority. With the construction of the Noida International Airport and the city’s expanding business sector, traffic is likely to rise, which this strategic infrastructure development seeks to handle. The area’s real estate market would benefit even more from this improved connectivity. 

Additionally, a noteworthy trend in this expanding market is the growth of office and retail projects, which can be attributed to the extensive infrastructure development. The growth of small businesses, startups, and established companies has made the expressway a hub for job opportunities. The demand for commercial space in the area has increased as a result. The increased demand for premium office spaces is primarily driven by well-known companies like Tata Consultancy Services (TCS), Axis Bank, and top IT companies that have secured office spaces along the expressway. Astute investors can profit greatly from this trend by investing in these areas. 

Concurrently, end users are seeing mixed-use commercials, high-street projects, and shop-cum offices as the hub of entertainment, leisure, and work all rolled into one, which is driving upshooting of the underlying demand for these projects in the corridor. 

According to recent reports, domestic companies are predicted to account for more than 50% of the demand for offices IN 2024, with GCCs expected to gain even more ground and account for more than 40% of the total need. According to experts, Noida’s commercial real estate has flourished since the construction of the Yamuna and Noida expressways, opening up numerous investment opportunities with the expansion of retail and commercial properties. 

The Noida Expressway offers substantial appreciation potential alongside numerous retail offerings, making it an ideal place to invest in retail. These connected elements solidify the corridor’s standing as one of the best places to find commercial real estate, guaranteeing a sizable influx of customers and excellent returns.

The Noida Expressway is a commercial real estate corridor that is rapidly changing and vibrant due to its strategic location, excellent connectivity, and ongoing infrastructure development. As the area expands, it presents businesses and investors with opportunities never seen before, guaranteeing long-term prosperity and steady growth.  

Noida’s cost of living: View a comprehensive breakdown of monthly expenses

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The cost of living in Noida can change depending on lifestyle choices, preferred accommodation, and available transit. Here’s a closer look at a few things you should consider before relocating to a busy city. 

Because of its many corporate offices and technology hubs, Noida, a thriving city near the capital, is a popular choice for working-class individuals. It is one of the most sought-after suburbs in the NCR because it is a more cost-effective option than Gurgaon. Even though the city has affordable options for buyers and renters, being aware of Noida’s cost of living can help you budget your spending, especially if you plan to be in the area for a while. 

Crucial factors to take into account 

Some significant considerations to make when estimating the cost of living in Noida are: 

  • Your current occupation or career 
  • Whether you are supporting a family or living alone 
  • Your present financial situation
  • Are you going to purchase or rent a home in Noida? 
  • The way you live 
  • Expenses associated with education
  • Transportation costs 
  • Food-related  expenses 
  • Utility bills for the garbage disposal, TV, gas, electricity, and housekeeping services, among other things

Living expenses in Noida in 2023 

The vibrant city of Noida offers a plethora of leisure and lifestyle-oriented activities. Still, the prices are appealing when the amenities and conveniences are available here. These are a few expenses you might have if you decide to move to Noida. The following costs represent an approximation of the actual cost of living in Noida: 

Expenses Average Cost 
2 BHK apartments for rent Rs 15000
Cost of 2 BHK apartment in Noida: Rs 50 lakh Rs 50 lakh 
Local travel costs, such as monthly train passRs 1,000
Utilities such as Garbage disposal, water, and electricityRs 4,000
Household domestic help for cooking and cleaning Rs 5,000
Groceries Rs 6,000
Lifestyle expenses Rs 10,000
The cost of a meal for one person in an inexpensive restaurant Rs 300

Noida is still a popular destination for buying and renting because most people find it a cheap spot to stay. A few lifestyle adjustments will help those who wish to reduce their expenses. 

The cost of living for singles in Noida in 2023 

Costs and rentals for real estate

In Noida, bachelor quarters run between Rs 5,000 and Rs 10,000 a month. For bachelors or students, there are plenty of 1 BHK apartments readily available. If these apartments are available for rental on a shared basis, the cost might be even lower. 

Living Expenses

In Noida, a bachelor’s cost of living will be about Rs 5,000. It will cover the price of maintenance, domestic help, electricity bills, and internet. Extra amenities are also available, but they come at an additional cost.  

Transportation

Depending on the place of work, college, and the available commute, an individual living alone in Noida can manage their transportation for less than Rs 1,500. Staying at your office or college is the best option for travel around Noida by metro, rickshaw, or auto. 

Living style 

Noida offers lifestyle options, from opulent clubbing to basic pleasures. The monthly expenses for a bachelor would be approximately Rs 5,000, depending on lifestyle choices. 

Cost of living in Noida for families in 2023 

The expenses for families wishing to relocate to Noida may be slightly more than those for single people. The total cost of living in Noida for a family with children is approximately Rs 50,000. Families can choose from well-built 2 BHK and 3 BHK apartments. 

Family outlays 

With all costs, including tuition, extracurricular activities, and household assistance, a family of four should budget between Rs. 35,000 and Rs. 40,000 per month. 

Transportation cost 

A family with a car will spend roughly Rs10,000 on transportation each month. Alternatively, public transport could only cost you Rs 3,000. 

Cost of living for working couple in Noida 

The type of locality that a couple chooses to live in Noida will determine their total expenses. Certain luxurious areas provide a 1 BHK apartment for about Rs 20,000 per month. Affordable options are available in other regions as well, though. The couple’s monthly household expenses would come to about Rs 15,000, while their monthly transportation expenses would total almost Rs 5,000. 

Your lodging will be one of your main costs while visiting Noida. Property values are rising even though rental values are affordable. Therefore, people who intend to stay in Noida longer may want to contemplate purchasing something. You will be the property’s owner even though you must make the EMI payments. 

Noida’s five most expensive residential areas

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The National Capital Region (NCR) includes Uttar Pradesh state’s Gautam Buddh Nagar district, which is home to Noida. Over time, Noida has become one of the most affluent and luxurious residential areas. Noida is a popular destination for singles, families, and professionals. Numerous people opt to live here because it is less expensive than Delhi or Gurgaon. 

These upscale neighborhoods in Noida offer opulent homes, first-rate amenities, and an unparalleled culture. Every resilience shows dedication to sophistication and elegance, from opulent estates to modern penthouses. Discover the allure of these affluent communities, where residents take advantage of the best facilities available and a majesty that reflects the high-end Noida residential area. Would you like to learn more about the city? Continue Reading!

Modern infrastructure, everyday comforts, public services, and state-of-the-art facilities are all available in Noida. Numerous schools, IT companies, and residential areas with both low- and high-rise buildings are in Noida. 

Sector 44, Noida 

Sector 44 lies near the Okhla Bird Sanctuary in the northern region of Noida. It surrounds the communities of Sector 45, Sector 18, Sector 29, Sector 43, and Sector 40. It lies between Dadri Road and the Noida — Greater Noida Expressway on the north and south sides. This area has easy access to public transportation that connects it to different parts of Noida and Delhi. The closest metro station is Botanical Garden, a stop on the Delhi—Noida metro’s Blur line. There are many parks and gardens around Sector 44, one of the most well-known being the Botanical Garden. The Noida Golf Course, a well-liked destination for golf enthusiasts, is located nearby. 

Important Elements 

  • Connectivity: Sector 44 enjoys good access to the Noida golf course, as well as to the other recreational facilities and sectors 18, 29, and 45.  
  • Transportation Facilities: Buses and metro stations are among the public transportation options available in the neighborhood.
  • Investment: Within a 10-kilometer radius of the area are parks, retail centers, business parks, and software firms, among other places that draw in investment. 
  • Extracurricular activities: The Botanical Garden and the Flim City project are fantastic visitor attractions.  

Sector 72

Sector 72’s advantageous location in the city allows it to enjoy excellent connectivity within Noida. Getting around the city is easy because of the well-designed roads, efficient public transportation, and close-by metro stations that guarantee easy access. Everyone can readily utilize transportation in Sector 72, Noida, whether they commute a long distance or work nearby. A community’s attractiveness frequently depends on the presence of prestigious educational institutions. Gyandeep Public School and The Banyan Roots, two well-known institutions, are located in Sector 72, which enhances the area’s standing as a center for high-quality education. 

Important Elements 

  • Connectivity: Because Sector 72 lies in a posh, well-established neighborhood, it has good access to Noida’s key cities. 
  • Transportation Infrastructure: This region offers excellent access to well-maintained roads, adjacent metro stations, and public transportation facilities. 
  • Investment: This location regularly provides first-rate infrastructure and everyday essentials like excellent services, medical facilities, and educational institutions. 
  • Extracurricular activities: There are numerous exciting extracurricular activities available in this perfect location, like Snow World, Buddh International Circuit, Asquare Mall, Shopprix Mall, and many more, that will keep you occupied and never get old. 

Sector 18, Noida 

Sector 18 is one of the most sought-after locations in Noida. This neighborhood is a fantastic choice for everyone because it provides residents with the ideal mix of commercial, residential, and recreational spaces. Access to public transportation and other parts of the city is convenient from this area. Many banks, insurance providers, and financial institutions, including National Insurance, AOV Forex, Birla Sun Life Insurance, and Bajaj Capital, are located in Sector 18. Visitors can explore a well-rounded living environment, entertainment venues, and the Gurudwara Sahib.   

Important Elements 

  • Connectivity: This area stands out because it provides quick access to some locations, including Dr. Ambedkar Park, the Sector 16 metro station, the Mahmaya overpass, the DND Flyover, and many more.  
  • Transportation Facilities: First-rate buses and metro stations are available for public transportation. 
  • Investment: Many of the neighborhood’s locations, such as hotels, shopping malls, business parks, and schools, attract interest from potential investors. 
  • Extracurricular activities: The Radisson Hotel, Mosaic Hotel, Mall of India, The Great Inia Place Mall, Garden Galleria, Wave Mall, and Sri Guru Singh Sabha Gurudwara are nearby attractions. 

Noida’s Sector 87

Noida’s Sector 87 is a busy neighborhood that skillfully combines commercial and residential development in the heart of the energetic city. This rapidly growing center offers the best of both worlds: contemporary amenities, thoughtfully designed infrastructure, and convenient access to the entire city. A component of the NCR, Noida has expanded dramatically in the past ten years. Sector 87 is one of the most sought-after neighborhoods for renters and homeowners. Due to its prime location, Dadri Main Road, the Noida-Greater Noida expressway, and the FNG Motorway (Faridabad-Noida-Ghaziabad) are just a few of the main thoroughfares that are easily accessible from this area. 

Principal Elements 

  • Noida’s Sector 137, the Jaypee Underpass Flyover, the Mahamaya Flyover, and other significant places are easily accessible. 
  • Transportation Facilities: First-rate buses and metro stations are available for public transportation.
  • Investment: One of the main things that attracts people to Sector 87 is the multitude of amenities available to cater to the diverse needs of the local population. 
  • Extracurricular activities: With plenty of new activities coming soon, including Barbeque Nation, Noida Golf Course, Smash Noida, and more, Sector 87, Noida, is a great place to be. 

Sector 132, Noida 

Enter Sector 132, one of Noida’s most sought-after neighborhoods. The established neighborhood is a popular choice for both renters and buyers due to its peaceful surroundings, first-rate connectivity, and luxurious amenities. Noida’s Sector 132 is a great place to settle down. With some of the best schools in Noida, it is especially great for families with children.  

Essential Elements

  • Connectivity: Sector 132 in Noida is a thriving community that offers exceptional living conditions to its residents.
  • Transport Facilities: NSEZ metro stations, taxis, and autorickshaws are good examples of the public transportation services provided by this sector. 
  • Investment: By placing these ATMs in prime locations, locals can ensure that cash withdrawals and other financial services are easily accessible. 
  • JPS Galleria, Starling Edge, Uptown Square, PK Boutique Hotel, and many more venues offer a range of fun activities. 

Conclusion

The most expensive residential area in Noida represents a sense of exclusivity and luxury. It provides a modern lifestyle with abundant amenities, a feeling of wealth, and attractive architecture. The rising cost of real estate in this sought-after neighborhood reflects the high demand for real estate in the bustling metropolis and the allure of living in luxury.