Noida Expressway continues to woo investors, buyers and realtors
The housing sector on the Noida Expressway has shaped up well and with major developers launching large housing and township projects on this stretch
By: A K TIWARY
Noida-Greater Noida Expressway continues to attract investors, buyers and realtors owing to the infrastructure and good connectivity of the area.
Demand for residential and the commercial property on this stretch, which further connects to the 165km-long Yamuna Expressway , is increasing at a fast pace.
Residential sectors have developed on both sides of the Noida-Greater Noida Expressway. The main advantage of living along this passage is the rapid access to Noida and Delhi through one side and to Greater Noidathrough the other.
Appreciating realty market
Major developers are launching large housing and township projects on this stretch, which is a good opportunity for end users and investors to grab a piece of the valuable realty pie on this expressway. Presently, mid-segment apartments are quoting at Rs 3,500-5 ,500 per square foot. Prices of apartments in the premium segment are in the range of Rs 9,000-15 ,000 per sq ft. Professionals are seeking out Noida Expressway as a good destination for investment purpose, as the area is yielding good returns, according to experts.
Some of the big projects by leading developers on this stretch include Unitech Grande, JP Wish Town, Amrapali's Heartbeat City and Hanging Garden, ATS Pristine, Supertech's Supernova, Paramount Floraville, Ajnara Daffodil, Prateek Edifice, Logix Blossom Greens, and Gulshan Ikebana.
Gursimer Singh Bindra, the director of Key Real Estate services, says: "The annual appreciation in property prices here is around 30%; this is a handsome return on investment by any yardstick and this is raising a huge demand for property on the Noida Expressway."
Infrastructure development
The Noida authority has various plans for infrastructural development on this stretch, which will further enhance the appeal of the place for end users and investors.
According to the new master plan, the recently approved Metro alignment will be developed to link Noida with Greater Noida, and later on with Yamuna Expressway. The line begins from Sector 32 and caters to residential sectors lying along the expressway.
The Noida authority has a plan to build a 3.9km Metro line between Kalindi Kunj and the Botanical Garden crossing through Noida Expressway . An additional 6.6km line is planned from Sector 32 to Sector 62. The authorities are also making arrangements to provide Ganga water to the residents of this area. Plans for infrastructure development here include a road network of over 20km, a 126MW captive power generator, and sewage treatment plants with a total capacity of 30,000 kilolitres per day.
According to the new master plan, 70% of the total area along the Noida and Yamuna Expressways will be kept for green spaces.
Also, land has also been allotted in the master plan for 40 educational institutions and retail development . Planned Export Promotion Zones, together with the Taj Economic Zone along the Yamuna Expressway , are likely to give a boost to the economic development of this region. A proposal to extend two bridges, one over the Shahdara Drain near Film City and the other before the Okhla Barrage, has been set on fast track.
Realty projects
Developing sectors like Sectors 94, 95, 96, 97, 100, 101, 110, 107, 137, 142, 143, 150, 151, and 168 along the expressway offer great scope for strong and sustained growth for all segments of the real estate.
Developers, realtors and property professionals are all upbeat about the prospects of this emerging hot location.
Jaypee Group has the biggest land bank on the expressway and it intends to develop an integrated township projects like its JP Wish Town here. Jaypee has secured a permit to develop 2,500 hectares on a 90-year lease, which is expected to consist of 1,162 acre parcels, at each of the five different locations along the Yamuna Expressway: one is in Noida, one each at Jaganpur and Mirzapur (district Gautam Budh Nagar), and one location each at Tappal (Aligarh) and Agra.
Noida-Greater Noida Expressway continues to attract investors, buyers and realtors owing to the infrastructure and good connectivity of the area.
Demand for residential and the commercial property on this stretch, which further connects to the 165km-long Yamuna Expressway , is increasing at a fast pace.
Residential sectors have developed on both sides of the Noida-Greater Noida Expressway. The main advantage of living along this passage is the rapid access to Noida and Delhi through one side and to Greater Noidathrough the other.
Appreciating realty market
Major developers are launching large housing and township projects on this stretch, which is a good opportunity for end users and investors to grab a piece of the valuable realty pie on this expressway. Presently, mid-segment apartments are quoting at Rs 3,500-5 ,500 per square foot. Prices of apartments in the premium segment are in the range of Rs 9,000-15 ,000 per sq ft. Professionals are seeking out Noida Expressway as a good destination for investment purpose, as the area is yielding good returns, according to experts.
Some of the big projects by leading developers on this stretch include Unitech Grande, JP Wish Town, Amrapali's Heartbeat City and Hanging Garden, ATS Pristine, Supertech's Supernova, Paramount Floraville, Ajnara Daffodil, Prateek Edifice, Logix Blossom Greens, and Gulshan Ikebana.
Gursimer Singh Bindra, the director of Key Real Estate services, says: "The annual appreciation in property prices here is around 30%; this is a handsome return on investment by any yardstick and this is raising a huge demand for property on the Noida Expressway."
Infrastructure development
The Noida authority has various plans for infrastructural development on this stretch, which will further enhance the appeal of the place for end users and investors.
According to the new master plan, the recently approved Metro alignment will be developed to link Noida with Greater Noida, and later on with Yamuna Expressway. The line begins from Sector 32 and caters to residential sectors lying along the expressway.
The Noida authority has a plan to build a 3.9km Metro line between Kalindi Kunj and the Botanical Garden crossing through Noida Expressway . An additional 6.6km line is planned from Sector 32 to Sector 62. The authorities are also making arrangements to provide Ganga water to the residents of this area. Plans for infrastructure development here include a road network of over 20km, a 126MW captive power generator, and sewage treatment plants with a total capacity of 30,000 kilolitres per day.
According to the new master plan, 70% of the total area along the Noida and Yamuna Expressways will be kept for green spaces.
Also, land has also been allotted in the master plan for 40 educational institutions and retail development . Planned Export Promotion Zones, together with the Taj Economic Zone along the Yamuna Expressway , are likely to give a boost to the economic development of this region. A proposal to extend two bridges, one over the Shahdara Drain near Film City and the other before the Okhla Barrage, has been set on fast track.
Realty projects
Developing sectors like Sectors 94, 95, 96, 97, 100, 101, 110, 107, 137, 142, 143, 150, 151, and 168 along the expressway offer great scope for strong and sustained growth for all segments of the real estate.
Developers, realtors and property professionals are all upbeat about the prospects of this emerging hot location.
Jaypee Group has the biggest land bank on the expressway and it intends to develop an integrated township projects like its JP Wish Town here. Jaypee has secured a permit to develop 2,500 hectares on a 90-year lease, which is expected to consist of 1,162 acre parcels, at each of the five different locations along the Yamuna Expressway: one is in Noida, one each at Jaganpur and Mirzapur (district Gautam Budh Nagar), and one location each at Tappal (Aligarh) and Agra.
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