Commercial Property for Sale in Noida | Comprehensive Guide
Commercial Property for Sale in Noida: A Comprehensive Guide
Noida, short for New Okhla Industrial Development Authority, is one of the most promising cities in India, known for its rapid growth in the real estate market. As a part of the National Capital Region (NCR), Noida has transformed into a commercial hub, attracting a diverse range of businesses and investors. The demand for commercial property for sale in Noidahas skyrocketed in recent years, making it an attractive option for those looking to expand or invest in real estate.
In this comprehensive guide, we explore everything you need to know about buying commercial property in Noida. Whether you're an investor, entrepreneur, or corporate entity, Noida offers a variety of options that can cater to your specific needs.
Why Invest in Commercial Property in Noida?
1. Strategic Location
Noida's strategic location within the NCR makes it an ideal destination for businesses. Its proximity to Delhi and excellent connectivity through road and metro networks add significant value to commercial properties. The Noida-Greater Noida Expressway, DND Flyway, and Yamuna Expressway provide seamless access to major parts of Delhi, Gurgaon, and beyond. Additionally, with the expansion of the metro line and upcoming projects like the Jewar International Airport, Noida's connectivity is set to improve further, making it a lucrative choice for commercial investments.
2. Booming Infrastructure
One of the primary reasons why commercial properties in Noida are in high demand is the city's booming infrastructure. The development of IT parks, shopping malls, office spaces, and industrial sectors has positioned Noida as a commercial hotspot. Projects like Film City, Sports City, and Commercial Belt have also contributed to the surge in commercial activities.
The Noida Authority has ensured that the city remains well-planned and sustainable. Green belts, smart road systems, and high-end commercial zones have made Noida one of the most modern cities in India, attracting multinational corporations and startups alike.
3. Competitive Pricing
Compared to other cities in the NCR like Gurgaon and Delhi, commercial property prices in Noida are relatively competitive. The availability of land and development projects at various price points allows investors to find commercial spaces that suit their budget without compromising on quality. This affordability, combined with the city's economic potential, makes Noida a top destination for businesses.
Types of Commercial Properties Available in Noida
1. Office Spaces
Noida offers a wide range of office spaces designed to meet the requirements of businesses of all sizes. Whether you are a startup looking for small office spaces or a multinational corporation in need of large commercial setups, Noida's real estate market has it all. Prominent sectors such as Sector 62, Sector 16, and Sector 18 are home to some of the most sought-after office spaces.
Additionally, Grade A office spaces with modern amenities such as high-speed internet, 24/7 security, and parking facilities are available at competitive rates. The development of business parks like Logix Cyber Park and Advant IT Parkhas further boosted the commercial office segment in Noida.
2. Retail Spaces
For those looking to invest in retail spaces, Noida is a great choice. The city has several malls, shopping complexes, and high-street retail options in areas like Sector 18, Sector 50, and Sector 75. Retail spaces in Noida attract both local customers and tourists, making them an excellent investment for brands and businesses looking to establish their presence.
The emergence of mixed-use developments has also opened up opportunities for retail investors, allowing businesses to tap into a wider customer base. Properties near residential areas, such as Noida Extension and Sector 137, are particularly attractive for retail businesses.
3. Industrial and Warehousing Spaces
Noida is a hub for industrial properties and warehousing, thanks to its well-planned industrial sectors. Sectors like Sector 63, Sector 80, and Noida Extension are known for their industrial and warehousing facilities. These areas offer large plots, industrial sheds, and warehousing units that cater to businesses involved in manufacturing, logistics, and supply chain management.
The demand for warehousing spaces has grown significantly due to the rise of e-commerce businesses, and Noida’s accessibility makes it a perfect location for distribution and logistics centers.
Factors to Consider Before Buying Commercial Property in Noida
1. Location
Choosing the right location is critical when buying commercial property in Noida. Different sectors cater to different business needs. For instance, Sector 18 is ideal for retail businesses, while Sector 62 is more suited for IT companies. It's essential to consider proximity to major roads, metro stations, and other commercial hubs.
2. Infrastructure and Amenities
When buying commercial property, ensure that the property offers adequateinfrastructure and amenities. Modern office buildings should have essential facilities like parking, security, elevators, and power backup. Retail spaces, on the other hand, should be located in high-footfall areas and have good visibility.
3. Legal Due Diligence
Before finalizing any commercial property deal in Noida, it is crucial to conduct thorough legal due diligence. Verify the property's title, check for any encumbrances, and ensure that the property has all the necessary approvals from the Noida Authority. Consulting with legal experts and real estate professionals can help you avoid any potential legal issues.
4. Future Growth Prospects
Investing in a property that has the potential for future growth is always a wise decision. Areas like Noida Extension, Greater Noida, and the vicinity of the upcoming Jewar Airport are expected to witness a significant appreciation in property prices in the coming years. Businesses that are looking to expand should focus on areas with robust development plans and growing demand.
Top Commercial Projects in Noida
Several top-tier commercial projects in Noida offer world-class facilities and promise high returns on investment. Here are some notable ones:
M3M The Line Sector-72 Central: Discover luxurious living at M3M The Line Sector-72 Central. Ideal for those seeking comfort, convenience, and modern lifestyle.
M3M The Cullinan Sector 94: Explore the elegance of M3M The Cullinan in Sector 94. Experience unmatched luxury, modern amenities, and a prime location for premium living
Wave One, Sector 18: A premium commercial project offering office spaces, retail shops, and entertainment zones.
Bhutani Grandthum, Noida Extension: Known for its modern architecture and mixed-use facilities.
World Trade Tower, Sector 16: A globally renowned business hub with cutting-edge infrastructure.
ATS Bouquet, Sector 132: A top choice for IT and corporate offices, offering premium office spaces with eco-friendly amenities.
Conclusion
Investing in commercial property for sale in Noida offers a wealth of opportunities. With its strategic location, excellent infrastructure, and a range of property options, Noida is poised to remain a commercial real estate hotspot. Whether you're looking to set up an office, open a retail outlet, or invest in industrial spaces, Noida’s commercial real estate market has something to offer for everyone.
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Invest in the Future: Plots Near Jewar Airport
Prime Investment Opportunity
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Property Investors – This One is for You
As Noida’s Jewar International Airport races ahead towards the completion of its first phase next year , its operationalization will have a significant impact on Noida real estate.
Real estate investors need to have a discerning eye when it comes to the development and master plan of Jewar Airport. Noida Airport’s boundary will extend to the Aligarh district border with an addition of 1200 hectares and the total airport area will be 7750 ha. In phase 5 of this project, the additional 1200 ha will be included in the Master Plan 2041. By expanding the airport, more international transactions will take place and global investment opportunities will arise.
Source TOI
Construction on phase-1 of Noida International Airport (NIAL) is currently underway with a robust lineup of up of 65 daily flights by the end of 2024. Trials are expected to start in February 2024.As part of the preliminary route network, short-distance flights will be offered to Dehradun, Pithoragarh, and various other places in addition to major cities like Mumbai, Bengaluru, Hyderabad, Chennai, and Pune. Moreover, two flights are scheduled for foreign destinations, marking Noida International Airport’s entry into the global market. As NIAL CEO, Arun Vir Singh told TOI, “Once the airport starts operating, flights to foreign destinations will also commence. Dubai and Singapore could be amongst the first few.” Additionally, a cargo flight will be operated from the airport. As per Singh, Indigo and Air India have expressed keen interest in setting up bases at Noida International Airport.
It is expected that Noida International Airport will serve approximately 5 million passengers by the end of its inaugural year, with a 12 million passenger footfall projection for the first phase of its operation. When the airport reaches 80 percent of its designated passenger capacity, construction on a second runway will begin.
Already, in a run up to the operationalization of the Jewar Airport, there is a complete transformation in this area and Noida will be offering great advantages. Locals are looking forward to more employment, business opportunities, and most importantly, an upgraded lifestyle.
Noida’s real estate market is expected to grow in the coming years, resulting in capital appreciation and higher rental returns, As more people migrate to Noida, the demand for housing, retail, and office space will go up. This will lead to increased economic activity, which in turn will lead to higher rental returns, higher ROIs, and higher land prices. Additionally, the development of Jewar Airport and the related master plan will also likely have a significant impact on property values.
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