Top five areas in Noida that provide the highest rental yield
The rental yield of a property has a serious influence on its demand in real estate.
The greater the yield, the far more appealing the property is, and consequently the better the ROI (ROI). As a result, we have identified five sectors in Noida that provided the highest yearly rental yield in Q3 2021. To get access to the list, read on!
Importance of Rental Yield in Real Estate Investments
If you make the proper decision, real estate investments may be incredibly profitable. Although geography, house size, price, and facilities are the most important elements to consider, rental yield is also an important consideration that needs to be considered before investing all out. Specifically, rental yield is among the most effective methods for calculating future returns on an asset. As a result, 99acres compiled rental yield statistics for several sectors across Noida, and based on demand, Sectors 34, 37, 76, 100, and 110 created the highest rental yield in the city from July to September 2021.
Top Five Areas in Noida with the Highest Rental Yield
Have a peek at the elements that influence the appeal of residential real estate in these areas.
Sector 34
Sector 34 had the greatest rental yield, with a 3.2 percent year-over-year increase. The area’s claim to fame is its closeness to Sectors 8, 18, 60, 62, and 63, which serve as industrial and commercial hubs. The area, which has primarily 2 BHK setups in gated communities, is very common among young professionals. Many residents in Noida scored Sector 34 highest for its seamless access via Sectors 18 and 51 Metro stations and solid link road network when 99acres asked them to assess the neighbourhood on key aspects like as connectivity, safety, amenities, lifestyle, and environment. Many reviews, however, have raised worries about power outages throughout the summer and drainage difficulties. From January to March 2020 to January to March 2021, average property prices in Sector 34 increased by almost 10%.
Sector 37
Sector 37 in central Noida produced 3.10 percent rental yield YoY, with a combination of high flats and ground level apartments in the prepared category. The Sector is near to the major economic areas of Sector 18 and Electronic City and is home to many retired Indian Armed Forces personnel. The most popular residential inventory in Sector 37 is three-bedroom units. Because of its proximity to the Botanical Metro station, the neighbourhood received the greatest connection rating from most reviewers. Aside from that, reliable power and water system, as well as well-maintained roads, are key pluses. In the previous two years, average property values in Sector 37 have increased by almost 15%, reaching Rs 6,000 per sq ft in Q4 2021.
Sector 76
That has plenty of fully prepared housing assets, Sector 76 achieved a three percent rental yield year over year. Many builders, including Amrapali Group, JM Housing Builders, and Aditya Builders, have developed their projects here because of its strategic location between the DND and Mahamayaflyovers. “Sector 76 receives the most residential demand from professionals working in Electronic City,” says Jitendra Mehrotra, owner of Pawan BuildhomePvt. Ltd. A dedicated Blue Line metro station, as well as comparatively low investment and rental costs, have improved the area’s residential desirability. Although purchase costs in Sector 76 average Rs 4,800 per sq ft, monthly rentals for a two-bedroom home range from 11,000 to 12,000 rupees.”
Sector 100
Sector 100 achieved a rental yield of 3.10 percent due to its proximity to the renowned Amity University and employment centres such as ETT, NSEZ, and Advant Navis Business Park. “Sector 100 is very well connected via Noida-Greater Noida Expressway and Dadri Main Road,” said Ajay, a previous resident, when analysing the area. It houses numerous affluent projects and provides a variety of facilities, as well as convenient access to shops and open areas.” Several reviews, though, complained that because the Sector located just across from the Sector 104 shopping area, it gets too busy around prime times.
Sector 100’s median property values have risen from Rs 5,300 per sq ft in Q4 2020 to Rs 5,700 in Q4 2021.
Sector 110
Sector 110, situated close the Noida-Greater Noida Expressway, is famous since it is close to NSEZ and Maharishi University. The region is mostly made up of high-rise societies, with 3C Developers, BL Gupta Building sites, and Realtyvision Infrazone among the builders contributing to the inventory supply. “Price competitiveness has played a major role in driving Sector 110’s popularity,” says Tarun Jain, Proprietor, Earth Matters Realty Venture. “While average home rates in Sector 110 hover around Rs 4,600 per sq ft, with a 10% YoY appreciation (Q1 2020 vs Q1 2021), Sectors 93A and 93B nearby command around Rs 5,500 per sq ft, with an approximately three percent YoY plunge in the values in the previous quarter.”
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
