Posted by : SR PROP-ZONE INDIA PVT. LTD. May 28, 2013
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.
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.
Some of the bigger projects in this location are Jaypee Greens Wish Town, Unitech Grande, Heartbeat City by Amrapali Group, 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!