Effect Of Film City on Noida’s Real Estate    

The real estate sector of any region is proportionally dependent on the region's development. Whether or not the real estate of any region will grow depends on famous developments and infrastructure. If the area has better infrastructure and famous developments or landmarks, it will grow exceptionally.

The best examples of this are Mumbai and Hyderabad. The major reason that pushed Mumbai’s and Hyderabad’s real estate growth is their film city. Film cities in these regions have become the main reason for this exceptional development.

Noida will witness the same amount of development in the upcoming years. Although Noida was developed, it still did not get the same amount of attention that these cities got. But now, Noida is ready to mark itself as India's most influential city with its film city project. Noida International Film City is North India’s biggest film city.

How Film City Will Affect Noida’s Real Estate?    

The film city is the hub of economic stability and rapid development. It is a hub of billion dollars transactions and a magnet to attract development; let’s assess how it will impact real estate of Noida with Its different aspects:

Attracts Businesses    

When the film city gets established in a region, it attracts famous hotel chains, commercial projects, big MNCs, and other small and big businesses. Film City gets high footfall, and big movie stars come every day for their shooting. Lakhs of people come to visit it daily, and companies come there because of the prominent location.

Because of the high footfall, big commercial projects open their retail shops, and also studio apartments as hotels. Because it will be leased by the big movie stars to stay and tourists. High footfall will increase the demand for retail shops, as retail shop owners will earn superb returns because of footfall. Office spaces will get seamless connectivity here, and the investors who invest there will get great returns.

Magnet To Attract Investment    

Whenever a big landmark development gets developed anywhere, investors invest huge amounts nearby in lands and commercial buildings as they all know the benefits in the future and the returns they will earn. The best example of this is Mumbai; Mumbai’s property prices are the highest in the country because it is the hub of big skyscrapers, and a film city.

Nearby Developments    

When a major development takes place in any region, other better developments take place, too. For example, in Noida, apart from the film city, Jewar International Airport (the biggest airport in India), Night safari, Patanjali food Park, Vivo IT park, Buddh International Circuit, and other small and big developments have already taken place there because of the big city. These corporations had understood the needs and the demands of the people. That is why they have invested in Noida, to ensure they have a good future.

Real Estate Appreciation Rate    

Talking about the appreciation rate in Noida and especially on Yamuna Expressway, the property appreciation rate is exceptional. Noida has seen a 50 per cent appreciation rate and over 100 per cent appreciation rate on the Yamuna Expressway. It shows the amazing potential of real estate in Noida.

Connectivity    

Noida is the best when it comes to connectivity. Noida has access to all the regions of NCR and also provides the best expressways, such as FNG and Noida-Greater Noida expressway, that connect seamlessly throughout Noida, as well as other regions.

Noida’s roads are broad and traffic-free, and it connects all the sectors without any hassle to the residents. It has a nearby airport called Jewar International Airport, and has metro connectivity in all the sub-regions, and it also has great bus connectivity for employees and residents.

Why Should You Invest In Noida?

Investing in Noida's real estate, especially with the upcoming Noida International Film City, promises significant returns and growth opportunities. The establishment of a major film city like this acts as a catalyst for economic expansion and development in the region.

Firstly, the film city will attract a bunch of businesses, including famous hotel chains, commercial projects, and multinational corporations. With high footfall from tourists and film industry professionals, demand for retail spaces and studio apartments will surge. This influx of businesses will not only boost the local economy but also enhance the value of nearby real estate properties.

Secondly, the film city serves as a magnet for investment. Similar developments in Mumbai and Hyderabad have shown that landmark projects like film cities attract substantial investment in surrounding lands and commercial properties. This investment trend is expected to replicate in Noida, driving up property prices and rental yields.

Thirdly, the development of the film city will catalyze further infrastructure projects and amenities in Noida. Already benefiting from developments like the Jewar International Airport, Night Safari, IT parks, and expressways, Noida offers exceptional connectivity and infrastructure that enhances its appeal to investors and residents alike.

Lastly, Noida's real estate has demonstrated impressive appreciation rates, especially along the Yamuna Expressway, with rates exceeding 50% in some areas. This underscores the city's potential for robust real estate appreciation, further fueled by the presence of the film city and associated developments.

Conclusion 

The Noida International Film City is poised to be a game-changer for the region’s real estate sector. By attracting businesses, encouraging investments, catalysing development, and enhancing connectivity, it promises to elevate Noida’s status as a dynamic and prosperous urban centre.

Investors and developers stand to benefit from the growing opportunities presented by Noida’s evolving landscape, echoing the success stories of Mumbai and Hyderabad. As Noida gears up to emerge as a key player in India’s real estate market, the impact of the film city is set to shape its future growth trajectory significantly.