Key Developments Transforming Noida's Real Estate

Noida is buzzing with exciting new projects that promise to change the city’s future. Imagine new areas where top tech and finance companies will set up shop, making the city even more attractive.

Add to that new roads that will make traveling much quicker, a huge film city that will bring in jobs and tourists, and an international motorcycle race that will grab global attention.

All these developments mean big changes are coming to Noida, and they’re set to make it a hot spot for both living and investing. Keep reading to find out how these changes will impact Noida!

Fintech City Noida

Yamuna Industrial Development Authority (YEIDA) has assigned the global real estate services firm Cushman & Wakefield to prepare a Detailed Project Report (DPR) on Fintech City Development.

The Fintech City will be developed in sector-9 near Jewar Airport on the Yamuna Expressway. It will be the hub of financial institutions that carry out financial services. As it will be a fintech city, high-profile IT companies will also be attracted here to provide essential services.

YEIDA will develop the Fintech City Yamuna Expressway to attract colossal investment here that will help to push the growth of Noida in the future. The Fintech Hub is a unique project designed to boost new ideas and technologies in the world of finance.

It will include various vital areas like IT services, commercial spaces, banks, insurance companies, stock exchanges, and even hotels. This hub will be a place where new startups and tech innovations in digital banking, app-based loans, crowdfunding, electronic payments, and insurance technology can grow.

The CEO of YEIDA mentioned that they want to bring major international organizations like the International Monetary Fund, the World Bank, and stock exchanges to this area. They also plan to have offices for large banks, which will make the property in Noida more valuable.

To support this project, there will be benefits from the Uttar Pradesh Foreign Direct Investment (FDI) policy. Companies with 100% FDI can get land subsidies, and there will also be grants for research and development for five years. Additionally, there will be training programs to help people develop their skills and other financial benefits for companies.

NHAI To Build An Expressway Via Kanpur, Ghaziabad and Noida

As we already know, Uttar Pradesh has knitted a web of expressways to make travel through the region easy. Because of the growing population and demand, there are few other expressways under development. 

To add one more to provide optimum commutation for commuters, NHAI is expected to build one more expressway that will connect Kanpur, Ghaziabad, and Noida. It will cut the travel time to Lucknow significantly and the distance by 70 Km. 

The new expressway is being built between Noida and Kanpur. It's going to be 380 kilometers long and is expected to be finished by 2026. This new road will make Noida a more attractive place for people looking to buy property. 

Most of the land needed for the project has already been acquired—about 90% of it. The Ministry of Road Transport and Highways has also received all the detailed reports about the project.A new expressway is being built to connect Kanpur and Lucknow, which is expected to be finished by early 2025.

Right now, traveling from Noida to Kanpur is 380 km, and from Kanpur to Lucknow is another 63 km, making the total journey 443 km. The current trip from Noida to Lucknow, which involves taking both the Agra and Yamuna Expressways, takes over 7 hours.

However, the new expressways will shorten this trip to around 4 hours. The latest travel times will be about 3 hours and 20 minutes from Noida to Kanpur and 35 minutes from Kanpur to Lucknow.

Noida International Film City

In Noida, a big project called the Noida International Film City is set to start construction in the next six months. This project, which is a crucial goal for UP Chief Minister Yogi Adityanath, is expected to create 50,000 direct jobs and impact up to 700,000 people indirectly. It might also increase the demand for apartments in Noida, leading to higher property values.

The film city will be close to Jewar Airport and will have replicas of famous places like Himachal, Kullu Manali, and Kashmir, along with roads, airports, and helipads. It will also have various places of worship and all necessary facilities for film shooting, including lodging in villas. It will offer post-production services like sound mixing and visual effects.

MotoGP Comback In Noida

In 2025, the MotoGP race will return to Noida. The Uttar Pradesh government will take over organizing the event and will cover more than half of the Rs 150 crore needed, contributing Rs 80 crore. The state's investment promotion agency, Invest UP, will also handle advertising at other MotoGP events around the world.

This means Uttar Pradesh will get promoted as a tourist spot in places like the United States, Spain, Japan, the Netherlands, and Australia. There will also be business meetings alongside these international events to attract more investment to the state.

How Do These Developments Help Noida Real Estate Boost?

Recent developments in Noida are set to drive up property prices and boost the real estate market. The new Fintech City, being developed near Jewar Airport, will attract significant financial institutions and tech companies, increasing demand for both commercial and residential spaces. 

A new expressway connecting Noida to Kanpur and Lucknow will cut travel time and make Noida more accessible, making it a more attractive location for buyers. The Noida International Film City will create thousands of jobs and draw tourists, further raising the need for housing. 

Additionally, the return of the MotoGP race will bring global attention and visitors, enhancing Noida's appeal. Together, these projects promise to elevate property values and spur significant growth in Noida's real estate market.

Conclusion 

Recent developments in Noida, such as the Fintech City, new expressways, the International Film City, and the MotoGP comeback, promise significant growth in real estate values. These projects will enhance connectivity, attract global investments, and increase property demand, making Noida a prime destination for investors and homebuyers alike.