The article discusses about the
booming real estate segment of Noida-Greater Noida Expressway, its
infrastructure and the upcoming new projects that will boost the realty segment
of NCR. Read on to explore!
Noida-Greater Noida Expressway is
one such location that ensures excellent accessibility and great
infrastructure, and this is the reason why it has become a favorite spot for
the real state builders, investors as buyers. Demand for both residential and
commercial units in this location is shooting up. The Noida-Greater Noida
Expressway which further connects to the 165 km long Yamuna Expressway, is
witnessing introduction of a plethora of newer projects.
This region has been a hub for
residential sectors. A number of renowned builders of national stature are
constructing residential societies on both sides of the Noida-Greater Noida
Expressway, and have been successful in attracting buyers. The area also
ensures excellent connectivity to various locations. For instance, a resident
who invests
in a Property in Sector 133, Noida, near Expressway, can enjoy the
benefit of having an easy access to Noida Delhi as well as Greater Noida.
Booming Real Estate: - The key players of real estate segment are
introducing their ambitious housing projects at this stretch. Currently, the
mid-segment flats like in the price band of Rs. 3,500-5,500 per sq. ft., while
the premium and luxury flats are available at Rs. 9,000-15,000 per sq. ft. The
main buyers of such residential properties on the Noida-Greater Noida
Expressway are the professionals who find it a wise move to invest in such
properties for better future prospects. According to the market sources, the
localities which are situated near to the Expressway will certainly ensure
great returns on investment. Currently, the average annual increase in the
property rates is around 30%, which is highly promising for an area which is
being developed.
Infrastructure Development: - The Noida authority is undertaking a
number of infrastructural development projects to boost up the real
estate value of the location. A new Master Plan 2021 and Metro network,
which will facilitate connectivity between Noida with Greater Noida, and later
Yamuna Expressway, are expected to cater the increasing population in these
localities. The metro network will connect Kalindi Kunj and the Botanical
Garden, and will then cross through the Noida Expressway. The authority is also
considering supply of pure Ganga water to the residents. According to the
Master Plan 2021, 70% of the total land area along the Noida and Yamuna
Expressways will include green belts.
The Noida-Greater Noida
Expressway stretch will also emerge as an educational hub of the national
capital region, as there are plans to establish around 40 educational
institutes in this area. Besides, the authorities are also taking steps to
boost up the retail segment and open up new shopping malls and complexes in
this location.
These have been as the
determining factors for the overall development of the area. The demand for
properties in the residential areas has gone up, which has led to increase in the
prices of these properties. A number of new developers have entered the real
estate market of Noida.
Realty Projects: - Some of the bigger projects in this location are
Jaypee Greens Wish Town, Unitech Grande, and Heartbeat City by Amrapali Group, Unnati fortune world, Supertech’s
Supernova, and others. These builders are launching housing projects as a part
of gated communities which will offer green and open spaces, self-contained
townships, and integrated living environment. These projects would provide
quality lifestyle features such as uninterrupted water and power supply,
shopping complexes within the societies, swimming pools, clubs, gyms and other
specifications that a resident may look for. These projects are new and in the
developmental phase, still, they have witnessed an increase of 20-25% of rates
within eight months of their launch, which is commendable!