Since its origin, Noida Expressway has reconstructed the real estate landscape in Noida. It is the new hotspot for the real estate industry. However, it is not only a paradise for residential projects. The possibilities for new commercial projects in Noida are plentiful.
A 2019 Times of India report revealed that the retail space in Noida is all set to grow in the next five years. Investment of INR 258 crore by the Gulshan Group to develop a commercial project is the best example in this case. The commercial project Gulshan One29 is spread across an area of ~7486 SqMts, and it is the first commercial mall in the Noida Expressway. This project is likely to change the face of this region and soon transform it into a business hub. If you are looking to set up your retail shop in Noida, then Gulshan One29 is your ideal destination.
IT-ITES and electronics manufacturing companies are also choosing Noida Expressway for the extensive advantages the area provides. The most important ones are easy connectivity, an increasing residential base, an abundant workforce at competitive rates, and affordable real estate rates. Hence, despite the pandemic, the office space for sale in Noida has seen an acceleration. Developers and analysts believe that as companies are striving to cut costs while maintaining quality, the commercial real estate spaces in Noida are on the rise.
Here is why investing in commercial spaces in Noida is the right thing to do:
- Connectivity is a contributing factor when it comes to investing in commercial projects in the Noida Expressway, as it is well connected to other parts of the city as well as Delhi, Gr. Noida and Ghaziabad.
- With the rise in population, the demand for commercial spaces like malls, retail shops is also expected to go up.
- The prices in Noida are low as compared to Delhi, where the rates are high. Therefore, investing in affordable commercial properties with advanced facilities is desirable.
The city is well planned and equipped with a world-class & well-maintained infrastructure that is attracting several MNCs and IT firms.