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NRIs zoom in on Noida to reap great investment benefits

Good inventory supply, good connectivity, good infrastructure growth, connectivity and proposed Jewar International Airport—all have contributed to make Noida an attractive investment destination. The industrial town of Asia has gathered immense interest from investors, not just domestic but from abroad as well. The upcoming airport at Jewar is slated to the boost to economy and tourism manifolds.

Projects with world class facilities: Real estate developers in Noida are developing posh localities especially targeting high end customers that include NRIs as well. These projects feature deals and discounts exclusively tailored to cater to the needs of NRIs. Even the city is witnessing tremendous growth with infrastructure projects that have transformed the city into a modern as well as an eco-friendly city. Lately, Noida has gathered a reputation of a modern city owing to its state-of-the-art amenities and well-designed road networks.

Commercialization: India is growing as a commercial hub and Noida is an important center. This has triggered high demand for commercial office spaces. With rising FDI and foreign companies establishing in Noida, NRIs now have a high demand for housing as well as office spaces here.

Jewar Airport: The Aviation Ministry has approved an investment of about Rs 20,000 crore for an upcoming airport at Jewar in Greater Noida, adjacent to Noida. In the coming next decade, the airport is expected to cater the requirements of 30-50 million passengers. The upcoming Jewar has gained the attraction of lot of NRIs to make an investment in the region.

Long-Term Capital Appreciation: Property prices in Noida have seen an escalation in the past few years, depicting a phenomenal growth in the real estate market. A Cushman & Wakefield report says India’s property market is expected to be worth a $180 billion by the end of 2020. Therefore, NRIs with money to spare for a lock-in period of a few years avail great benefits by the skyrocketing prices.

Rental Income: NRIs mostly prefer investing in a property in which they can sit back and enjoy the appreciation benefits and rental income. Even small units in Noida can fetch good returns in form of rental income.

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