Noida vs Gurgaon: Which is a better bet for property investors?

[] Here is everything you need to know about Noida and Gurgaon and what makes them distinctly different from each other

Those investing in the Delhi-NCR market, know how difficult it could be to decide between the two real estate hotspots of Noida and Gurgaon. Here is a detailed guide for an NCR investor, who wants to bet on these growing markets.

Noida vs Gurgaon: Which is a better bet for property investors?

Noida vs Gurgaon: Pros

Noida Gurgaon
Noida is better planned, in terms of physical and social infrastructure. Gurgaon has a bigger and better entertainment hub, such as DLF Cyber Hub, Sector-29, etc.
Noida is comparatively more affordable for renters and home buyers. Gurgaon has more premium property options from a number of branded developers.
Noida is comparatively closer to important hubs of central Delhi, including Connaught Place, New Delhi Railway Station and the Central Secretariat. Gurgaon is close to the Indira Gandhi International Airport.
Noida has deeper metro connectivity and direct link to other parts of the NCR. According to Numbeo, people in Gurgaon have more local purchasing power than those staying in Noida.
Noida is an educational hub with some of the most reputed colleges and schools in its proximity. Gurgaon has better medical facilities with some of the reputed hospitals in its proximity.

According to Numbeo, you would need around Rs 1.32 lakhs in Gurgaon, to maintain the same standard of life that you can have with Rs 1.1 lakhs in Noida (assuming you rent in both cities).

[] All about Noida’s Transfer of Memorandum (TM) charges on property sale

Noida vs Gurgaon: Cons

Noida Gurgaon
According to Numbeo, the crime index in Noida is higher than Gurgaon. Moreover, Noida is more prone to property-related crimes such as vandalism, theft and armed robbery. Gurgaon is notorious for its poor civic infrastructure. The sewerage and drainage problems during the rainy season have often attracted the attention of national media.
The trust deficit in Noida’s real estate market is evident, with some of the reputed real estate brands failing to complete their projects. Gurgaon has serious power outage issues, especially during peak hours in summers.
The excessive supply of apartments has almost stagnated the market for investors. Residents are usually dependent on private vehicles or cabs for traveling. Public transportation is very poor in Gurgaon.
No major infrastructure development is in the pipeline for Noida, except the Jewar Airport. All new projects coming up in Gurgaon are along its peripheries, with limited connectivity via public transport.

[] Stamp duty and registration charges in Gurgaon

Noida vs Gurgaon: Returns on investment

Configuration Noida Gurgaon
Average cost of 2BHK Rs 40 lakhs Rs 70 lakhs
Average cost of 3BHK Rs 50 lakhs Rs 80 lakhs
Average rent of 2BHK Rs 15,000 per month Rs 25,000 per month
Average rent of 3BHK Rs 25,000 per month Rs 35,000 per month
Average rental yield 4.5%-6% 4.2%-5.2%

Check out price trends in Gurgaon

Noida vs Gurgaon: Which is better?

As mentioned above, both of these regions come with their own share of advantages and disadvantages. Investors need to identify the aim of their investment, to decide which suits their needs, between Noida and Gurgaon. Here are a few things that real estate investors should keep in mind, before investing in either of these regions:

1) Noida is currently flooded with new properties, mostly in the under-construction stage. Home buyers should do proper due diligence before investing in any of the upcoming projects. Moreover, as the supply is huge with lacklustre demand, there is little scope of price rise, unless new metro connectivity starts taking shape.

Check out properties for sale in Noida

2) While the Dwarka Expressway is fuelling the Gurgaon real estate market, the area is far from being fit to live in, currently. The ongoing construction on the corridor can be a serious problem for you, with roads being almost non-existent and one having to completely depend on private vehicles.

3) According to real estate experts, Noida is an end-user market with better infrastructure and amenities, while Gurgaon is an investors market with new growth corridors reaching its full development potential.


Is Noida a posh area?

There are some pockets in Noida which are really posh. This includes sector 50, 55 and 56.

Which is safer, Noida or Gurgaon?

According to Numbeo, the crime Index of Noida is higher than Gurgaon.

Copyright belongs to:

Debora Berti

Università degli Studi di Firenze, IT

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