Delhi NCR is one of the fastest-growing regions in India due to several supportive factors including a large number of high-paying white-collar jobs and world-class physical infrastructure. 

The real estate prices in Delhi have grown to astronomical heights leading to the growth of adjacent cities as big companies shift to other cities namely Gurgaon and Noida in search of adequate infrastructure and lower real estate prices. The Government is also enabling the same by improving the connectivity of these cities with Delhi through wide roads/highways and the Delhi Metro.

Gurgaon was the first city to benefit for two main reasons –

The presence of Maruti Suzuki and its ancillary units — These units created Tens of Thousands of jobs in the city and led to the immigration of both blue-collar and white-collar workers. The transformation of Palam Airport into the IGI International Airport played a pivotal role. This upgraded airport facilitated the attraction of a significant number of multinational corporations (MNCs) to set up their operations in Gurgaon, drawn by the city's connectivity to their home countries.

These two factors led to a steep rise in Gurgaon real estate as the demand for both high-quality commercial space as well as residential space increased. Presently, the commercial rentals and residential selling prices in some parts of Gurgaon are comparable to Delhi's. Don’t fret if you missed that bus. Now, Noida is going through the same development phase and will see strong growth in its real estate prices in the coming years.

Noida (New Okhla Industrial Development Authority) is a meticulously planned city; the residential and commercial developments are going hand in hand to develop the city. If you are thinking of buying a property in Delhi NCR then Noida and Greater Noida must have attracted you.

Living in Noida offers great job opportunities, convention centers, and an airport coming up in the area. Therefore, investing in real estate in Noida and Greater Noida is poised to be your most advantageous decision yet. Earlier, Then Union Information and Electronics Technology Minister Ravi Shankar Prasad announced that the Union Government in collaboration with UP Government will be developing Noida and Greater Noida regions like a second Singapore. 

The Government is concentrating on developing Noida as one of the upcoming regions. It appears to be going the Gurgaon way with the high-paying white-collar jobs coming up in bulk and Jewar airport work has also started.

We have mentioned the Top Five Reasons Why Noida is the Next Gurugram. Have a look!

1) JEWAR AIRPORT (NOIDA INTERNATIONAL AIRPORT)

Jewar Airport is currently the number one attraction for everyone. Presently real estate prices in Noida and Greater Noida are quite reasonable now, but they will go up after the construction of Jewar Airport. The construction work on Jewar Airport in Greater Noida has already started.

The Jewar airport is going to be the largest in India in terms of area. The first phase of the project involves the construction of four thousand acres, follow-up phases will see construction on the rest of the land.

2) WORLD-CLASS PLANNING AND INFRASTRUCTURE

Noida is one of the best-planned cities. It boasts of world-beating road infrastructure with the crown highway — Yamuna Expressway. Yamuna Expressway is a world-class road highway and all the sector roads within the city are also rather wide. 

Noida offers an array of amenities, including parks, top-notch hospitals, global-standard schools, and various other facilities. The city's forward-looking transportation strategy includes an expanding metro line and abundant green spaces, earning admiration from those who experience the city firsthand.

Greater Noida is Asia’s first-ever city where planning of 30 years is already done before beginning the infrastructure. Therefore, the Noida extension will surely have a world-class infrastructure. 

3) GROWING JOB OPPORTUNITIES

Presently, Noida and Noida Extension are witnessing a plethora of job opportunities. The city has become a hub for IT and ITES offices, with numerous major corporations establishing their presence, significantly increasing available job opportunities. 

After Jewar airport, all the MNCs will have the option to settle in Noida and Greater Noida West and it will lead to the growth of job opportunities.

Coming to more details, on one side there’s a knowledge park in Greater Noida West, and on the other side, the Formula 1 track on Yamuna Expressway has drawn a lot of attention. 

With the proposed metro connectivity to Greater Noida, several IT companies will surely be noticing Noida-Greater Noida Expressway and Greater Noida West to set up their offices and reap the benefits of this awesome physical infrastructure at reasonable prices. You would be able to witness several world-class buildings on both sides of the expressway.

4) RETURN ON INVESTMENT (ROI)

Greater Noida West presents a promising potential for a considerably attractive ROI, given the ongoing developments in the region. Currently, there is a sufficient difference in the prices at Gurgaon and Greater Noida West. 

However, with the proposed infrastructure and Government initiatives; the difference is going to reduce sharply over the next few years. This might be the most opportune time for investment in Noida and Greater Noida as the price of real estate will go up.

5) THE YAMUNA EXPRESSWAY

The 165-km, six-lane Expressway connecting Delhi to Agra through Greater Noida is now the region's latest development hotbed. The Yamuna Expressway Industrial Development Authority (YEIDA) is inundated with national and international players lined up to get a slice of this pie.

Some of the big-ticket investors include:

• Patanjali Food Processing Park: Patanjali Ayurveda's much acclaimed Food Processing Park on Yamuna Expressway has attracted national interest. The biggest project of its kind in Uttar Pradesh, the park is a ₹ 1,400 investment with the potential to create 20,000 jobs by itself.

•  Surya Global: Surya Global, the proprietor of the renowned Indian biscuit brand Priyagold, commenced the construction of its manufacturing facility in August 2021. With an investment of Rs 953.39 crore in an expansive area spanning 38.10 acres, the facility is geared to yield an annual production of 1.5 lakh tonnes of biscuits. In addition to its significant production capacity, this venture is expected to generate 3,000 direct and indirect employment opportunities.

•  Bikanervala: The restaurant chain has set up shop in Sector 32, roughly 10 km from the airport. The company has made a substantial investment of Rs 160.27 crore for a 25-acre plot of land. The facility is designed to achieve an annual production capacity of 30,000 tonnes of products and is anticipated to generate 2,000 direct and indirect employment opportunities.

•  Indian Partnership Forum (IPF): The UK-based forum signed a memorandum of understanding (MoU) worth Rs 4,000 crore with YEIDA during the UP Global Investors' Summit held last month. The agreement aims to facilitate collaboration between Indian and British businesses in education, healthcare, tourism, and renewable energy.

•  Film City: The Film City project, a public-private partnership, is being developed on 1,000 acres of land in Sector 21 along the Yamuna Expressway, close to the Jewar airport site. Envisioned as a state-of-the-art film production and entertainment hub, the project is poised to create numerous direct and indirect employment opportunities on a substantial scale.