The Noida-Greater Noida Expressway is one of the upcoming realty destination in the NCR region which is fast emerging as a preferred investment destination.
The Noida-Greater Noida Expressway is a six-lane highway connecting Noida with Greater Noida. This 24 km long stretch is slowly emerging on radar of investors and homebuyers as the locality is becoming new realty destination for young professionals and investment-savvy people working in these nearby localities. The availability of huge land parcel is one of the biggest reason, bringing investors and property developers into this region.
The civic infrastructure which is taking shape at fast pace in the locality can upgrade the brad positioning of this area in a given property market. The development authorities are also promptly laying out the basic infrastructure such as roads, water and electricity. The connectivity is going to be smoother once metro is operational in next couple of years.
Right from its inception in 2002, the locality in and around the Expressway has been witnessing a huge surge in the number of new launches. Many residential as well as commercial projects are either in the early stage of under-construction or ready to move in. Sensing the bright future of this locality many industrial houses and MNCs establishments have made their presence along the Expressway. The activity has accelerated the demand for residential units, restaurants, hotels and shopping complexes in the area. Happykeys analyses the factors responsible for making Noida-Greater Noida as a promising housing destination among home buyers.
- Excellent civic infrastructure
Falls in the circumference of well-planned city: The land parcels in and around the Noida-Greater Noida Expressway is circled by best plan regions of NCR such as Noida, Greater Noida, and residential of suburb of Yamuna Expressway. These localities have well-developed civic infrastructure as per the comprehensive master plan which includes an excellent road network, drainage, water supply and sewerage.
Metro rail connectivity: The 30 km metro rail extension from Noida to Grater Noida has been approved by the authorities which will act as a catalyst for the property market in the area. The line would extend from Noida City Center and will further stretch to Bodaki in Greater Noida. The completion is expected by 2017. According to DMRC, approximately 20 metro stations are proposed on the route that include Sectors 50, 51, 78, 81, 101, 83, 137, 143, 147, 144, 153 and Sector 149 in Knowledge Park 2, Pari Chowk, Alpha 1 &2, Delta, Knowledge Park 4 and Dadri Road.
- Affordable property market: While the property prices have soared up in Gurgaon, Delhi and Noida markets; the regions in and around the Noida- Greater Noida Expressway can still be considered affordable. The property available in this locality is priced between an averages of Rs 3000-5000 per sq ft.
- Good supply of residential projects: The real estate scenario of this locality is driven by availability of huge land parcels that can be used for both residential and commercial developments. Most of the new projects launches in the last year in Noida, have been in the sectors connected with the expressway.
According to Deepak Kapoor, President CREDAI Western UP, “areas lying along Noida-Greater Noida Expressway have been gaining prominence as one of the major residential destinations of NCR. The region has in fact witnessed a ripple effect as people are searching for more affordable homes. Some of the top real estate brands have their presence in this region making it a desired realty destination. The ultra-modern facilities and that too at alluring deals are turning the heads of home buyers to this place. Well established commercial zones have moreover made this place better in terms of work opportunities. Proximity to different parts of Delhi-NCR will further continue to appeal those who want to live and work close to Delhi”.