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Prices, Connectivity Drive Expressway Property Sales

noida-expressway-property-PlanningSome of the leading  offering projects in the Noida-Greater Noida Expressway area are Lotus Group, Supertech, Imperia, Nirala and Panchsheel

The Noida-Greater Noida Expressway area is set to emerge as a major residential and commercial hub. The area begins from Amity Crossing and goes up to Pari Chowk, and is expected to grow a lot in the future.

Affordability and fast infrastructure development are the main reasons I would give for investing along the Noida Expressway,” says Rakesh Ralli of Ralli Estates.
Also, given that there are several malls in the vicinity, I would say the Noida-Greater Noida Expressway area is well-suited for end users. Investors will profit once the Noida Metro starts running. So it is an excellent area to target.

The offerings here cater to wide segment.

For example, you can get a 1BHK unit of 625 square feet at Rs 20 lakh and a 2BHK of 1,105 square feet unit size for over Rs 40 lakh. For 2 BHKs with larger unit sizes, the price is about Rs 45 lakh. And 3 BHK units are available for around Rs 55 lakh.

“The cost of flats in the area is currently much lower as compared other neighbourhoods in Noida,” says Dev Chauhan of United EstateMart. “The fact that there are several emerging IT and manufacturing hubs nearby will cut the commute time to work that office goers will face if they live along the expressway in these areas..”

Some of the leading developers offering in this segment according to HappyKeys data are Lotus Group, Supertech, Imperia, Nirala, Panchsheel and Wegmans.

Infrastructure and connectivity

This is the other factor that makes this stretch attractive for investors and end users alike. The metro network from City Centre in Noida is expected to go along Sector 62, Sector 71, and then to Greater Noida. Once this is complete, the time required for travelling to central parts of Delhi will be greatly reduced.

Also, people living in these sectors can also quickly reach South Delhi via Kalindi Kunj or Ashram.

Social infrastructure-wise too, the stretch is developed. Jaypee Hospital, JS Hospital, and Yatharth Wellness are already there in the vicinity.

In terms of schools, some well-known ones located in proximity include DPS, Lotus Valley, Mayur Public, Somerville International and Jaypee International, The Great India Place and Noida Centrals are the closest malls while Ansal Plaza is located near Pari Chowk. DLF’s Mall of India opposite the Great India Place has also opened.

“Given these facilities and the upcoming connectivity, one can expect property prices rise to Rs 8,000 per square feet once the metro is ready in about three years, which is a good jump for investors putting their money in these properties,” says Chauhan.