Which region is better for investing, Gurgaon or Noida?
From a real estate perspective, Noida and Gurgaon each have a particular mix of benefits and drawbacks. The Delhi NCR region is regarded as a gold mine for real estate investment. However, because of Delhi’s high expenses, most people are drawn to the NCR while looking to buy real estate. In terms of connection, infrastructure, living standards, and the supply and demand for real estate, both of these places have their advantages and disadvantages. While Gurgaon has had tremendous growth in the city’s retail centers and IT/ITeS sectors, Noida is one of the largest planned towns in Asia. The top residential complexes in Noida that offer a superb opulent lifestyle include Migsun Golfiana and Migsun Vilaasa.
The debate over which neighborhood in Noida offers the greatest real estate, however, never ends. The majority of real estate specialists think that the rivalry between these two markets would worsen in the years to come. Therefore, some of the main indicators of which region is best for investment are as follows:
Developments in Infrastructure
Due to signed agreements in recent years, Noida has developed far more than Gurgaon. For example, Microsoft and Paytm have rented about 1.50 lakh square feet and 5.20 lakh square feet respectively. Along with this, Yes Bank agreed to rent about 70,000 square feet of office space. Noida is proving to be a prime site for the construction of data centers in North India, both for residential and commercial buildings.
On the other side, Gurgaon registered a sizable amount of office space despite the epidemic. To build additional apartments, the Haryana government recently introduced the Real Estate (Regulation and Development) Act, 2016.
As a result, the real estate industry received investments of over Rs 3 lakh crore. The majority of Gurgaon’s municipal and physical infrastructure, including its roads and drainage system, still needs to be improved.
Geographically, Gurgaon is connected to Delhi on one end of the National Highway (NH) 8, while Jaipur lies on the other. The Northern Periphery Road (NPR), once the project is finished, would also offer an effective connecting route to Delhi through Dwarka. The eight-lane highway project is also projected to have an influence on Gurgaon, Delhi, and other areas of the NCR’s real estate market. Not to mention that Gurgaon’s real estate market saw a boom once the Northern Periphery Road building began in 2009.
Conversely, Noida has expressways that connect it to both Delhi and Ghaziabad. The Yamuna Expressway also links the city to Mathura, Agra, and other locations. The Noida-Greater Noida Expressway, on the other hand, is regarded as a significant route. The expressway provides important
connections for those coming from Noida and Ghaziabad. Additionally, it will offer simple access to the planned Film City and Jewar Airport through the Yamuna Expressway.
Noida has an advantage when it comes to metro connectivity. The Delhi Metro is the first metro system in the NCR, and the Noida Metro is the second. The livability score will undoubtedly increase if the Noida Metro’s Aqua line is extended to link with all of the Noida and Greater Noida sectors.
However, Gurgaon only has a private metro that is currently operational until Huda City Center (Rapid Metro Gurgaon). Due to a lack of planning, several sections in Gurgaon are still not connected. But because Gurgaon is a part of the Master Plan 2031, it would take roughly 4-5 years to implement.