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Gurgaon and Noida are the prime hubs of real estate investment near the national capital Delhi. Each offers a different set of advantages that appeals to various investors. However there are certain challenges that investors and developers face in both the cities. The comparative insight on Delhi and Noida real estate is followed up in this article. However the best of decisions is based on investors perspective and his objective of buying the property.
Gurgaon Vs Noida – A Comprehensive analysis
Noida is Spread across an area of 203 square kilometres. Noida is well planned having 168 well- constructed residential sectors, offering a wide spectrum of real estate from apartments to villas that cater to different buyers and investors.
With its continuing development programmes and planned urbanisation it is desired by young minds and the working class.
Gurgaon is spread over 232 square kilometres, divided into 36 wards. It is known for its commercial hubs like luxurious malls with retail shops and upscale complexes that cater to buyers who demand luxury. The cyber city is the charm of Gurgaon. It is a hub for high-rise residential towers and commercial developments, attracting a mix of professionals and families.
Gurgaon Vs Noida - A Brief Comparison
Gurgaon and Noida area the top metropolitan cities in India, however both the Cities lie in the NCR region they differ in infrastructure, connectivity, quality of life, however the ground of comparison between both are as below:
Location and connectivity
Talking of the location, Noida is on the eastern side of Delhi while Gurgaon is on the south west, both are connected to Delhi via DND flyway and Delhi Gurgaon Expressway respectively. Noida is a more planned city, it has mindfully constructed roads that provide transportation to each and every part of the city. However Gurgaon faces severe infrastructure problems, the transport systems via metro connect major areas but some of the areas are just untouched in infrastructure facilities.
Infrastructure development
Infrastructure is no doubt better in Noida than Gurgaon.
The Indira Gandhi international airport is home to Gurgaon which is one of the factors that influence investors and end users. Dwarka expressway also provides seamless connectivity to luxurious residential addresses.
In Noida, the Yamuna Expressway connects it to Mathura, Agra and beyond. Noida- Greater Noida expressway serves as a vital connectivity link for those travelling from Ghaziabad and Noida to multiple office complexes and IT SEZs. Moreover it will also pave the way to the upcoming Jewar International Airport and Film City.
Quality of life
There are planned measures that have been taken in Noida for an effective lifestyle. Gurgaon has a range of best schools but it lacks institutions for higher education. Noida has the top colleges like Amity University, Galgotia university and Gautam Budhha university. Hospitals in Noida and Gurgaon are good but due to fast connectivity and relative affordability Noida is favoured by the healthcare industry.
Crime rate
One of the factors that home buyers and tenants look for is the safety in an area. In the statistical graph Gurgaon has a higher crime rate than Noida. Therefore it is favoured by families over Gurgaon.
Employment rate
Gurgaon is infamous for the corporate hubs and the MNCs that create huge employment opportunities which in turn booms the residential demands. with over half of Fortune 500 companies, including Coca-Cola and BMW, and the thriving Cyber City.
Noida has seen rapid growth in IT/ITeS, media, and industrial sectors, driven by the Noida Special Economic Zone (NSEZ) and major investments from companies like Microsoft, Samsung, and Paytm. Thus with enhanced connectivity and infrastructure development several companies are looking up to shift their base in Noida.
Real Estate Trends in Gurgaon and Noida
Noida and Gurgaon are the top interest of real estate investors as both the metropolitan cities are near to Delhi and home to commercial and residential complexes by branded builders appealing to investors.
Investment affecting factors in Gurgaon and Noida
Along with the investor's goal related to the property he wants to buy, there are certain factors that influence investors and buyers to buy property in Noida or Gurgaon.
Property prices
Recent price surges and market trends
Future developmental plans
Risk of investments
Gurgaon VS Noida - Final Verdict
To sum up the comparative analysis of Gurgaon Vs Noida, here is a quick contrast between the two.
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Parameters |
Noida |
Gurgaon |
|---|---|---|
|
Types of property |
offers a range to the buyers from affordable, to mid range and luxury housing. |
Gurgaon is the main focus for the investors or buyer whose main interest is luxury |
|
Property price |
₹11,100 per sq ft in Sector 150 and ₹8400 per sq ft in Sector 76. |
Gurgaon the Course Road (₹21,408 per sq ft) and Sohna Road (₹12,971 per sq ft). |
|
Quality of life |
There are planned measures that have been taken in Noida for an effective lifestyle. Noida has the top colleges like Amity University, Galgotia university and Gautam Budhha university. Due to fast connectivity and relative affordability Noida is favoured by the healthcare industry. Noida is more safe with less crime rate. |
Infrastructure in Gurgaon is not as planned and developed as Noida. Gurgaon has a range of best schools but it lacks institutions for higher education. Medical facilities in Gurgaon are costly. In the statistical graph Gurgaon has a higher crime rate than Noida |
|
Investment Potential |
Noida is for those who are willing for long term growth potential and budget friendly options. |
For those seeking early recovery and can afford high investment risk Gurgaon is a better choice. |
|
Future developmental plans |
The Uttar Pradesh government has approved the 'New Noida' project and the upcoming Jewar Airport. This initiative includes the development of industrial zones, residential hubs, and commercial areas. |
The GMDA has allocated approximately ₹2,800 crore for various infrastructure projects, including road enhancements and the construction of flyovers, to alleviate traffic congestion and improve urban mobility. |
|
ROI |
Between 2019 and 2024, a significant price increase of approximately 152%, with rates rising from ₹5,910 to ₹14,946 per square foot seems in Noida, |
Between 2019 and 2024 Gurgaon property prices increased by about 135%, from ₹8,299 to ₹19,535 per square foot. |
Key Takeaways
Based on the comparative analysis in the above article choose your location among Gurgaon or Noida that suits you best.
If you're interested in buying real estate property in Noida or Gurgaon we can make it easy for you with our professional and experienced consultants at MoneyTree consultancy.
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Real estate related updates on property trends, announcements of new projects, RERA related queries etc. |
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Gurgaon: Notable upcoming projects include M3M Antalya Hills Phase I, Smartworld The Edition, and Saan Verdante.