Greater Noida West – The Emerging Commercial Hub

The expanding infrastructure and solid commercial base have paved the path for residential as well as commercial real estate boost in Greater Noida West. In the entire NCR area, Greater Noida is the most recently recognized area. The comprehensively growing popularity is what lures potential real estate investors. Along with the impressive residential sector, even the commercial developments are reshaped unlike ever before. A modern well structured commercial office space is a primary requirement for organization growth. To get more details on the factors contributing to commercial development in the area, keep scrolling and reading further. 

The development in both the residential and commercial sectors of Greater Noida West is dependent on each other. Simply put, one segment is leading to the expansion of another one. The area is emerging to be the most dedicated home buying region in NCR (National Capital Region) and witnessing an impeccable boost in the commercial or residential real estate demand. 

Strategic Market Locations

There are basic two ways how commercial properties generate revenue sources. One is via lease and the other is through capital appreciation. Both of these majorly rely on the project area and nearby locations. Greater Noida West has emerged as one of the highly suitable commercial hub locations. The proximity of the Taj Expressway and Eastern Peripheral Expressway (EPE) are contributing significant value to the place. The well-versed housing market boosts the chances of higher ROI from project investments. Along with market stability, the place has even a plethora of growing residential opportunities. 

Corporates’ First Choice

In recent years, Greater Noida West has become the foremost choice of corporate investments. The reasons for the same are high-quality infrastructure, connectivity, educational institutions, safety standards, and next-level planning. With its ease of transportation and connectivity with other NCR areas, running a business and hiring manpower is facile and affordable for corporations. The infrastructure in Greater Noida West is getting multi-fold growth in the current scenario. The number of growing projects is fueling the wide scale of popularity in the area. The future commercial centers planning is also solid proof of it giving tough competition to the already flourished areas like Delhi, Noida, & Gurugram. Thus, it wouldn’t be surprising if Greater Noida West is seen to be dominating with the flooded commercial infrastructures. 

Lower lease rates

Greater Noida West comes with variable lease rates ranging from Rs. 25,000/month to Rs. 40,000/month. These are highly reasonable when compared with Delhi and Gurugram rates of Rs 50,000/month to Rs. 80,000/month. The rental prices can scale up to Rs. 1 lakh/month as per the construction project features and amenities. Although the investment prices are quite low in current times, the same might spike to 10-15% shortly. 

[Information Source: https://www.99acres.com/articles/greater-noida-west-a-burgeoning-commercial-hub.html]

Demand vs supply

One of the crucial reasons why commercial investors are preferring Greater Noida West is the higher returns. Numerous residential projects in multiple sectors are either in progress or in the plan for future years. Thus, there is no doubt that the place has got huge growth prospects. In addition, the place has a scarce supply of commercial developments that gives an upper hand to early investors. Since the Greater Noida West market is a developing one, the property rates are relatively low as compared with other leading commercial hubs like Delhi & Gurugram. 

Infrastructure developments underway

The smooth connectivity of Greater Noida West has a lot of perks. The same standards are likely to grow with the further development of Jewar International Airport. The extension of NMRC (Noida Metro Rail Corporation) to Greater Noida through Aqua Line would be capable of boosting the area connectivity. 

Golden-I - Largest Business Hub In NCR Region 

Golden-I is an exceptional Retail & Commercial Services hub located in Greater Noida West. A Vaastu-oriented designed project brings world-class architecture, management, and location for diverse commercial benefits. 

With the unstoppable potential of Greater Noida (West) in real estate and commercial hub, the Golden-I is set to be the biggest cultural hub with Expo Centers, Business locations, Corporate Suites, Banquet halls, and much more. It is taking care of every upcoming future trend and feature. 

The Golden-I project has got the perfect location near the metro station and over a thousand acres of residential land. It is a surefire prominent Shopping & Business growth landmark in the entire NCR region.

Why Data Centers Coming in Greater Noida West? Like Upcoming Hira Nandani, Ntt.

With the aim of decentralizing the data center hubs in Mumbai and Chennai, numerous skyrocketing data center projects are upcoming in the region of Noida in Uttar Pradesh.

This could prominently be marked by the allotment of 6 acres of land in TechZone 4 by Greater Noida Industrial Development Authority to a Japanese firm. The approximate expense on this project is supposed to be nearly 1000 crores. (1)

It happens to be a great initiative towards developing the area into a promising data hub. The notion of developing a digital hub into the west of Noida is immensely guided by the most sporting infrastructural build up there.

It would be NTT's second data center project in Greater Noida, India, after Mumbai's Hiranandani Group acquired 20 acres in Knowledge Park 5 (2) to set up a 200-megawatt facility data center. One of the biggest driving forces in boosting the development of data centers could be the predictability of unending data consumption.

With more increase in the flagging of digital India, there would be demand for high quality data access in all folds of the nation. And what could be better than a place with inbuilt super infrastructural strength for digitalization! The main aim behind striving to promote and establish the hubs in Noida is to provide greater access to cost efficiency, top notch assistance in data usage and quality technology.

Golden I 

If the data centers are developed in the Noida region of Uttar Pradesh there would be improvement cherished in two ways -

●    Primary gain would be of the state, Uttar Pradesh. UP would be getting a Kickstart to be called under the tag of one of the most advanced tech savvy zones in the nation. And with embedment of more data hubs, there would be invitations for wider job opportunities to the deserving youth of the state. As expected, these hubs would be giving out 1500 jobs in Greater Noida. Employment would get a great scope of development in the IT and ITES industries.

●    Secondly, hubs who would be operating from Noida will have the advantage of being near the capital and having a large presence of multinationals and corporations in the NCR.

The UP government has been doing exceptionally well in lending the cooperative hand to the Indian government. These cooperative statements would pave the way for the long journey of success in terms of establishing the center hubs.

All that could be said at this point of emerging data centers that this is going to be an asset to the Indian digital markets. As these hubs have greater potential to earn thick revenues and returns this could be proven a great enticing field for developers who are willing to invest in the data centers.

The data centers are expected to bring in nearly 703MW capacity by 2025 (3). This being said it would rightly be called the fuel to the bright future. Also, the protection laws for data, top computing mechanisms and IoTs (Internet of Things) making the hubs an asset, implemented by the government, would be attracting investors for larger leaps.

Uninterrupted power supply is also being looked after by the UP government. No hindrance in the development of data centers is assured by the effective vigilance of the state and centers. The successful development of the hubs would definitely be beneficial to the commercial as well as in-state condition. Also, it would provide a great field for the emergence of real estate in the region. Regional development would be benefiting both the nation and the residents.

Source By:-

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/japanese-tech-form-ntt-data-acquires-6-acre-land-in-greater-noida-to-set-up-data-centre/articleshow/80431682.cms

https://timesofindia.indiatimes.com/city/noida/for-data-centre-6-acres-allotted-to-japanese-firm/articleshow/80439057.cms

https://www.moneycontrol.com/news/business/real-estate/two-major-data-centre-projects-in-greater-noida-to-help-boost-real-estate-markets-in-the-region-experts-6394801.html