Some positivity is paving a way into the real estate market of Noida and Greater Noida region of Uttar Pradesh. These two workplace regions of the state are soon going to witness an increase in demand for properties.
After what China did to the world, the companies across the globe found India the best place to set up their manufacturing hub. The Yogi Adityanath-led Uttar Pradesh State Government plans to offer incentives and capital subsidy to companies from Japan, Korea, United States, European countries and more.
All this will not only generate job opportunities in Noida and Greater Noida region but the surge in employment will also lead to an increase in demand for residential and commercial properties. The State Government plans to amend the industrial policy to utilize the moment as it will set the stage for new Uttar Pradesh.
The maximum number of foreign corporates expressed their interest in setting up manufacturing units in Noida and Greater Noida region. The proposed Jewar International Airport is also assessed to be one of the main reasons behind the selection of these two regions.
The real estate investment in Noida and Greater Noida will yield smart returns in the future. However, now is the best time to make property investment near Jewar greenfield airport. This airport is 48 kms away from Greater Noida and 6o kms from Noida. YEIDA i.e. Yamuna Expressway Industrial Development Authority acquired 1,327 hectares in the first phase to construct terminal buildings and runways.
A few months earlier, Switzerland based Zurich International airport won the bid to construct Jewar International airport. But, the commencement of construction work delayed due to corona virus that hit the world badly. Along with this, the Global Investors summit in Uttar Pradesh that was scheduled to take place in November-December is likely to be postponed for next year.
Despite unfavorable conditions, the property prices in Noida and Greater Noida are going to experience a huge boom. This is a golden opportunity for investors and realtors to make smart investment to earn maximum profit.