Greater Noida’s Growing Connectby Anurag Gupta Real Estate Consultant
A census town on 20,000 acres of land with a population of over 1, 00,000, Greater Noida comes under the purview of NCR that is the National Capital Region. It is well-developed when it comes to infrastructure owing to an exceptional drainage and sewerage conveniences, road network, water and underground power systems, and whatnot. Moreover, the increasing connectivity of Greater Noida shows that it is on the right track of becoming a self-sustained city. Connectivity opens ample of opportunities to the developers as well as the end users. That’s not all! It also helps in holding the rise in the price of the realty within the main districts of a town.
How Growing Connectivity of Greater Noida affected its Real Estate market? Anxious to know! Following are some connections of Greater Noida and their impact on the realty of the city. Read on!
Bridges Over Hindon River
Bridges built over Hindon River near Sectors 121 and 119 in Greater Noida has minimized the distance from of sectors 1 and 4, which is almost half from the main Noida road. Thanks to the bridge over this river for improving the connectivity of the area because of which there are a number of developers namely, Gaursons, Amrapali and Supertech have shown their anxiety for developing large townships. Many have already tossed their flats in the price range of about Rs 17 lakhs for one bedroom with a hall and kitchen (1BHK) apartment to Rs 23.5 lakhs for a 2BHK and Rs 61.75 lakhs for a 3BHK approximately.
Metro Link: From Noida to Greater Noida
The Delhi Metro Rail Corporation (DMRC) has signed an agreement with the Greater Noida Authority for the erection of a metro line of 29.707- km that will connect Noida City Centre to Greater Noida, which is going to be built by 2018. It is because of the metro line extension that many of the investors as well as the residents are privy to and are the pleased recipients of the development that are eventually heading towards a prominent real estate market.
Unavoidably such connectivity carries a major chunk of the land into the mainstream. Developers have kept the prices at a comparatively competitive range as the basic selling price is about Rs 1,800 per sq. feet.
From Noida to Greater Noida, Yamuna Expressway is an extension of the six-lane expressway that connects up to Agra and extends further to Mumbai. This outstanding racing track by Jaypee Group has given an excellent return on investments. Major Real Estate Developers namely, Ajnara India Ltd, ATS Group, The 3C Company, Jaypee group, Gaursons India Ltd, Logix Group, Supertech Ltd, Amrapali and Sunworld have come up with their amazing townships projects.
“With multiple developers floating their projects in different price ranges, Yamuna Expressway is good for investments today. The market is driven not only by upcoming residential projects but also by future infrastructural plans by the government. The expressway is expected to be connected by metro in future, and that is expected to give a major boost to habitation and hence investments there” – a Real Estate Expert said on Magicbricks
One can find Multistorey Apartment for Rs. 3,318 per sq ft. and Residential Plot within Rs 17,494 per sq ft. There are almost all the apartments that are ranging from size 700-3000 sq ft. Comparatives of Jul-Sep 2015 given by Magicbricks say that you can acquire property in the highest locality is Rs 22,792 per Sq-yrd, property in average locality Rs 17,494 per Sq-yrd and property in a low locality is Rs 12,196 per Sq-yrd.
Noida – Greater Noida Expressway
There is no denying that Noida-Greater Noida Expressway has attracted a plethora of investors, buyers and realtors leveraging on its infrastructure and good connectivity of the area. Noida – Greater Noida Expressway is connected to two towns of Delhi and is already functional. The realty prices have seen a great up and down. Presently, one can acquire multistorey Apartment for Rs. 5,137 per sq ft., builder floor apartment for Rs. 3,201 per sq ft., the residential plot for Rs. 73,144 per sq ft., and residential house for Rs. 7,528 per sq ft.
Moreover, it is proposed that soon will be a railway link for Noida that will connect the city to Tughlaqabad in South Delhi at one end and to Dadri at the other end. Once this link is established, Greater Noida will flourish more in all means including real estate market.
“All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” (Calvin Coolidge)
It is rightly said by Calvin and this is what Greater Noida is heading up to. There are many proposals that are lined up with the place. Following are some proposals of Greater Noida that can give an excellent push to Greater Noida’s Real Estate sector.
- Noida’s real estate sector is all set to boost up with a new airport that is likely to be constructed on the Yamuna Expressway at Jewar.
- There are a regional road linkages that are proposed, which will link Noida with Greater Noida.
- One more regional road in the multi-modal corridor is to be built that will join the city with Ghaziabad in the north and Faridabad in the south.
- There is one more road that is going to join Noida and Faridabad linking the N.H -2 with Noida – Greater Noida Expressway near sector 150 and 152 of Noida.
- Significant plans such as the Taj Economic Zone and Export Promotion Zones alongside the Yamuna Expressway probably push the economic growth consequently giving an added boost to real estate development.
On the whole, Greater Noida is evolving as one of the bright stars in Delhi real estate with its increasing connectivity. Owing to its and its vicinity’s rapid infrastructural development, the Real Estate growth has really picked up over the past few years and has a lot of positive impacts on the realty market.
Created on Nov 28th 2019 04:42. Viewed 241 times.
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