Noida vs Gurgaon

Noida vs Gurgaon: Which Is Better For Real Estate Investment

Noida and Gurgaon are the two most prominent locations in Delhi-NCR, when it comes to investing in a real estate. Both the cities have their fair share of advantages and disadvantages and therefore, Noida vs Gurgaon, always remain a common topic of debate among the realty experts.

If you don’t know which city is a better bet, start by analysing your investment objectives and identify what you want in return? In order to give you a clear picture, we have prepared a detailed analysis of both the cities so that you can make an informed decision.

Noida vs Gurgaon: A Overview

After the first COVID-induced lockdown in 2020, corporate biggies had started moving to Noida as the rent was less than half of Gurgaon’s rental rates. As a corollary, Noida’s share of leasing also increased for the first time during the period of April-June 2020. However, situation has changed now and so does the preferences of investors. Noida is now lagging behind Gurgaon in terms of office space leasing. According to the reports, Gurgaon accounted for 80% of NCR’s leasing during April-June quarter this year. While there is a shortage of new office spaces in Noida to meet the rising demands of young investors, Gurgaon has emerged as a new corporate hub for top players.

Primary Factors Influencing Investment Decisions

• Connectivity

Both Noida and Gurgaon are well connected to the capital city. Geographically, the National Highway (NH) 8 connects Gurgaon with Delhi on one end and Jaipur on the other. Besides, the Northern Periphery Road (NPR), also known as Dwarka Expressway, provides a hassle-free route to Delhi via Dwarka, making it a good option to invest. In fact, many real estate developers feel that NPR will considerably increase the property rates in Gurgaon and enhance real estate prospects in the areas nearby.

On the other side, Noida is connected to Delhi and Ghaziabad through expressways. The Yamuna Expressway links it to Mathura, Agra and beyond, while the Noida-Greater Noida Expressway is also a major thoroughfare.

Transportation

As far as the metro connectivity is concerned, Noida has upper hand. Noida metro connects both the cities – Noida and Greater Noida and is the second most-preferrable metro system after DMRC in the National Capital Region. In Gurgaon, so far, the metro is functional till Huda City Centre and there are still many sectors in the city that remain unconnected through metro due to lack of planning.

• Education

Gurgaon has several well-known schools and institutions. However, there are not many options for colleges and universities for higher education. Noida, on the other hand, has many famous educational institutes like Galgotia University, Gautam Buddha University and Amity University. One can say that, Noida is well organised in terms of vocational training as compared to Gurgaon.

Healthcare

Both Noida and Gurgaon have plenty of hospitals and healthcare centres. However, many people still prefer Noida when it comes to the health factor, as it has better connectivity and is relatively affordable than Gurgaon.

What about the ROI?

If you are looking for a residential unit at affordable price range, investing in Noida would be a smart more. On the contrary, if you are a commercial property investor, then Gurgaon is an ideal choice for you, as it is way ahead than Noida in terms of office space leasing.

Current price trends

Configurations

Noida

Gurgaon

Capital value of 2 BHKRs 55-80 lakhRs 80 lakh-Rs 2 crore
Capital value of 3 BHKRs 80 lakh-Rs 2 croreRs 1.5-Rs 2 crore
Monthly rental for 2 BHKRs 17,000-30,000Rs 20,000-40,000
Monthly rental for 3 BHKRs 25,000-45,000Rs 45,000-65,000

 

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