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: 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).
See also: 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. |
See also: 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.
See also: All about circle rate Gurgaon
Infrastructure & safety
These two urban communities offer comparable social infrastructure to inhabitants. From International schools to the best of medical services suppliers, from incredible open positions to top-notch public conveniences, Noida and Gurgaon both give you everything. Both of the districts boast fantastic ways of life as these act as the hubs of offices of global companies and have high-paid office going groups as residents who have sufficient extra cash to spend on relaxation and entertainment.
With its shopping facilities, commercial centers, multiplexes, and top of the line cafés, Gurgaon is the center of shopping centers where the typical cost for many everyday items is more than Noida. Then again, Noida is as yet created to draw in the youthful populace as it is more reasonable and has respectable financial plan choices for satisfying way of life needs. As of late, places like Gardens of Galleria and DLF Mall of India have denoted their presence in Noida, which is changing the picture of the spot from being mild to happening zones of the NCR.
Check out: Villa in Noida
Connectivity
Noida and Gurgaon are both associated by means of the Metro organization to primary center points of the national capital. Be that as it may, the intra-network of Noida is far superior to Gurgaon. The metro is being expanded further and would cover Noida Expressway and Greater Noida. A backup way to go to Gurgaon from Noida is likewise practically prepared for tasks that would save nearly 40 minutes of an everyday drive. Aside from this, transport administrations, shared public vehicles, rickshaws are famous modes of going in Noida, which are modest as well as frequent.
In Gurgaon, Huda City Center so far is the last station on the Metro course, past which the main approach to travellling is either taxi or automobiles. Transports are excessively packed because of unfortunate recurrence. The Rapid Metro interfaces significant business areas of Gurgaon to the Yellow Line of the Delhi Metro. Other than this, for the street network, the DND Flyway stays a well-known course for those handling towards South Delhi. Flyovers and underpasses are being built at different converges to cut blockage during peak hours. One of such is being developed close to Sector 18 till Sector 62 for a quicker drive.
Gurgaon, as well, is seeing better street framework improvement. The Southern Peripheral Road and the Dwarka Expressway are two unmistakable foundations coming up in Gurgaon. Different flyovers and underpasses are being developed at blocked intersections like Vatika Chowk, Medanta Hospital, Atul Kataria Chowk, and so forth. Also, Gurgaon is relatively near the Delhi Airport, while Noida lies in vicinity to Anand Vihar ISBT, Hazrat Nizamuddin Station as well as the New Delhi Railway Station. The Jewar Airport is still under progress which lies on the Yamuna Expressway.
Property options
Noida and Gurgaon both bring various new properties to the table across the financial plan range. Noida Extension, Greater Noida, and other recently developed areas of Noida have various prepared to move projects accessible at a reasonable expense. Typically, a 1BHK would come for Rs 24 lakh and above, 2BHK for Rs 40 lakh and above, and a 3BHK for Rs 70 lakh and above.
In Gurgaon, a 1BHK would come for Rs 50 lakh and above, 2BHK for Rs 90 lakh and above and 3BHK for Rs 1.44 cr and above.
Check out: Plots in Gurgaon
Education
Gurgaon has some well-known schools. The closest ones are at Sohna Road and Manesar, like the Government Polytechnic Manesar and KIIT College of Engineering. Then again, Noida has numerous institutional establishments like Galgotia University, Gautam Buddha University and Amity University. Additionally, Noida is abundantly coordinated with regard to professional preparation.
Healthcare
Both Gurgaon and Noida have sufficient medical care foundations, including significant emergency clinics. Nonetheless, Noida is liked by the medical care industry for it is better associated and is generally reasonable.
FAQs
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.