Concerning Rental Income: Should You Buy Flats in Noida or in Greater Noida?

In the minds of many consumers, considering whether to buy flats in Noida or whether to buy flats in Greater Noida is no longer a difficult question to answer. Both the real estate markets, Greater Noida and Noida, differ from each other in well understood and easily quantifiable ways.

Differences Between Noida and G. Noida

Despite the fact that Noida and Greater Noida are neighbours or rather lie adjacent to one another, the property markets in both cities are quite distinct and cater to different kinds of buyers. Such differences are brought to the fore when one considers the rental market in these adjoining cities.

Households that had invested in one of the numerous residential projects in Noida are likely to have been disappointed by the low rise or in some cases even negative rental returns from their property. Conversely, households who had invested in a project in Greater Noida were likely to have gained a handsome rental yield of nearly six percent on their property.

Why The Disparity Between Greater Noida and Noida?

The simple reason for the disparity in rental earnings between the two cities is simply because rental rates in Noida have nowhere to go but down since rental rates here had risen so drastically over the past few years. On the other hand, the rental rates in Greater Noida are far less exorbitantly priced and hence have sufficient room for upward movement earning owners of properties in Greater Noida a higher rental income over the next few years than they had earned in the past

Homebuyers who bought a property from real estate developers in Noida a few years ago would be able to rent out the property at a price of nearly fourteen rupees per square foot whereas properties in Greater Noida that were bought from real estate developers could be only be rented out for nine rupees per square foot today. Thus there is sufficient room for the rental price to rise per square foot in Greater Noida just as there are numerous price points to which rental prices could fall concerning property in Noida.

Further Reasons for the Rental Disparity

One reason why property in Noida commands a higher premium than does property in Greater Noida is simply because Noida has better infrastructure than does Greater Noida. Additionally, Greater Noida is a young city and has yet to mature in terms of civic and social infrastructure whereas real estate in Noida benefits from Noida’s older vintage.

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