Noida film city

Will Noida Film City will have an impact on the real estate market?

If you are planning to invest in property in the northern region then you must consider Noida. Let me explain why I am suggesting Noida to you when 2021 is about to begin in next 20 days.

Noida has a well planned infrastructure and is already a hot spot when it comes to real estate investment. It has on-going projects by leading real estate developers and along with residentials units you will also see a boom in the commercial spaces. Delivered projects has got good occupancy and in fact MNC’s have moved to Noida from Gurgaon.

After the announcement of Jewar airport project and its latest development like finalization of name, logo and design, Yamuna expressway belt is expected to see good boom in the property prices. Adding to this is the announcement of flagship project by UP government; Noida Film City, now can you imagine the kind of development is going to take place in the Yamuna expressway region, making Noida a real deal for the investment

“There are massive opportunities associated with the film industry, not to mention the investment potential. It is expected to lead to five times growth in real estate values – the Rs 5,000 crore investment is expected to generate benefits worth Rs 25,000 crore,” told by Arun Vir Singh, CEO of the Yamuna Expressway Industrial Development Authority (YEIDA).

Now imagine the class and quality of this project and see practically that this project is going to give huge job opportunities. People are going to move this place for employment and they will be looking at residential properties for staying and they also expect good commercial spaces in the nearby area to fulfill their daily needs.

As an investor, you must watch out for investment scope in commercial projects and if you are an end-user then you must keep one thing in mind that this area will take some time to develop in terms of occupancy.

Let me know your thoughts too in the comment section, I will be happy to read them.

About the author

Hi I am Avi, a seasoned real estate professional and a blogger. I express my personal opinion about Noida real estate here on my Blog. You are welcome to share your suggestions with me :)

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