Noida ia s growing market for commercial real estate in Delhi NCR. With the rise in county gdp migration, people are migrating from rural areas to cities like Noida. Growth in infrastructure, economy, residential and commercial development in the city. 

Rapid growth

Noida is witnessing the highest growth in infrastructure; the most prominent companies, like Samsung and Paytm, have banks that have already established their regional offices in Noida. IT/ITES sector is driving the demand for leasing activities in Noida. Uttar Pradesh govt is bringing the best in class infrastructure projects based on developed cities like Dubai, thus pushing the demand for commercial real estate in the future.

Corporates favoring Noida

The biggest companies across the globe have established their offices in Noida with best-in-class infrastructure because of world-class infrastructure, connectivity, security, superior planning, and the presence of reputed institutions across the city. Noida is also exceptionally comfortable in residential projects, making it affordable for corporates to hire a vast pool of talents who shifted to Noida in search of jobs.

With Noida International coming in a few years and upcoming connectivity with the new Delhi airport via metro, it is the top choice for companies to invest in.

Top tier connectivity

With coming in expressway connectivity, with yamuna expressway, noida expressway, and NH 24 presence of metro with Delhi metro and Noida metro to a vast road network spanning more than 500 km within the city, Noida is growing up to attract investment and talent from all across India and the world. Metro connectivity boots the market, and top-notch builders are coming up with their projects in Noida, where people spend their leisure time and increase footfall, making it accessible to commute within different parts of cities.

Formation of special economic zones

Uttar Pradesh government is promoting the Noida developing hub in Sez, Ecotech zone, sector 110, sector 15, sector 18, sector 132, sector 135, and Sector 150. These zones are well connected via expressways and roads. The government provides infrastructure support, subsidies, and economic grants, which decrease the initial operating cost. In the special economic zones, the government provides research and development incentives such as reduction of taxes on the import of equipment, investments in innovative projects, and export benefits such as exemption on export duties, special incentives on goods, and obtaining faster export certification for new products. 

Growing IT HUB

In Noida, the number of IT/ITES companies is growing daily. Builders focus on commercial office spaces, and companies develop innovative products and services. Noida has been established as a hub of the residential sector.  

Formation of business-friendly policies

Noida authorities are taking enormous steps to simplify business registration and obtain licenses so that people living in Noida can start their businesses and create more opportunities and employment for young talent. Noida authorities are giving incentives, subsidies, and other financial grants so that businesses can establish and flourish in the region, which makes the overall cost of doing more affordable. The seamless connectivity in the region creates a business-friendly environment and thrives business growth.

Conclusion

Noida is a growing center for new launch commercial properties for investing and leasing. Noida's strategic location and well-planned infrastructure attracted numerous businesses, corporates, and startups across India to come and establish their base in Noida.