The most common dilemma among real estate investors is, “Whether to invest in Noida or Gurgaon”. Over the years, both the cities have been witnessing real estate developments quite simultaneously but at this stage, Noida seems to be in a much better position than Gurgaon in terms of offering great investment options. Buying a commercial property in Noida is undoubtedly a better option than doing so in Gurgaon.
The various aspects that together make an ideal commercial investment option have a much stronger presence in Noida as compared to Gurgaon. Let’s just take only 4 aspects: location, infrastructure, availability of cheap labor force and affordability.
When it comes to location, Noida’s proximity to Delhi becomes the biggest attraction. No doubt, both Noida and Gurgaon are located on the Delhi border, but Noida is more easily accessible from Delhi compared to Gurgaon owing to the presence of the famous DND Flyway.
The construction of the flyway has drastically reduced the distance and travel time between Delhi and Noida. If you invest in a commercial property in Noida, you can remain assured of a much higher return or rental income. MNCs are frequently eyeing the real estate sector of Noida and they won’t leave a chance to own or rent a commercial property in Noida due to its highly advantageous location.
Talking about the infrastructure in Noida is simply a pleasure. Ever since the Noida-Greater Noida Expressway and the Yamuna Expressway became operational, the real estate of Noida has received an immense boost. The Noida-Greater Noida Expressway (also referred to as the Noida Expressway) connects the twin cities (Noida and Greater Noida) and extends further to join the DND Flyway. Thereby, commuting between Delhi and Greater Noida becomes a pleasure-filled ride for all.
The Yamuna Expressway is a world-class architectural marvel that directly connects the IT hub to the famous tourist destinations of Agra and Mathura. Currently, both the stretches along the Noida Expressway and the Yamuna Expressway are witnessing fast-paced residential and commercial developments. Further, the Noida authority has already given momentum to the metro projects which, once over, will lead to huge capital appreciation for residential and commercial properties in Noida.
Unfortunately, Gurgaon has not witnessed any such remarkable infrastructural development over these years. When we compare both the cities, Noida seems flawless despite having a highly fluctuating market. Over the last few years, Noida has already proved that it is capable enough to thrive during severe market fluctuations and regain its zeal from time to time.
Now let’s move on to the next biggest requirement for any business which is the easy availability of cheap labor force. Here again, it’s only Noida that can enable you to fulfill this dream. No matter whether you are buying a commercial property in Noida for self-use or investment, in the absence of a cheap labor force, you simply cannot expect to expand your own business or attract a potential client.
Every year, a large number of people migrate to Noida in search of jobs and it’s no tough thing to find a working force at affordable prices.
Further, it is not only the availability of cheap labor force but also the easy availability of affordable properties that make Noida a much better option than Gurgaon. Gurgaon is too expensive to offer an affordable property and that too in the commercial segment. On the other hand, the extended regions of Noida, which are currently emerging to be the future real estate hotspots and its, currently, very easy to find a commercial property in Noida in the affordable segment.
Some of the best upcoming commercial properties in Noida include Wave Business Tower, Wave Metro Mart, J C World, Supertech Supernova Astralis, Unnati World, etc.
There are many more reasons that make Noida a better investment option than Gurgaon. If you are still apprehensive and want to gather some more information on investment in a commercial property in Noida, feel free to get in touch with us at Renaissance Realty Inc. http://www.renrealty.in/.