The Indian government’s approval of the ₹3,700 crore HCL-Foxconn semiconductor unit in Noida is expected to significantly impact real estate prices and demand in Noida and Greater Noida.
Key Highlights
- Location & Investment
The semiconductor plant will be built in Sector-28 under YEIDA (Yamuna Expressway Industrial Development Authority), close to the upcoming Noida International Airport in Jewar. - Production Capacity
The facility will manufacture 36 million display driver chips per month. These will be used in mobile phones, laptops, automobiles, medical devices, and defense. - Impact on Property Prices
With this massive infrastructure investment, real estate prices are likely to rise.- Property prices in Greater Noida have already increased by 98% in the past five years.
- In Noida, prices have gone up by 92% over the same period.
- Shifting to Premium Market
Noida is evolving from an affordable to a premium real estate market.- The average apartment price rose from ₹1.24 crore (2022) to ₹1.68 crore (2023).
- High-end properties priced at ₹3.5 crore+ are gaining traction.
- Strategic Advantage
The location’s proximity to multiple infrastructure projects (airport, industrial parks, medical device zones) will create jobs and attract tech investments, leading to higher demand for residential and commercial properties.
Conclusion
The semiconductor facility acts as a catalyst for regional growth, turning Noida and Greater Noida into premium real estate zones. Investors and homebuyers can expect price appreciation and improved infrastructure in the coming years.