Growth in real estate along the Noida Expressway

Propertypistol

When you consider that it was first constructed, Noida Expressway has been a real estate buyer’s delight for both commercial and residential properties. It is also referred to as the Noida-Greater Noida Expressway and has changed the Noida real estate market. Delhi is connected to Noida, Greater Noida, and the Yamuna Expressway by a 25-km high-speed road.

One of the main selling points of this Delhi-NCR locale is the overuse of connection by Noida Expressway’s real estate micro markets. Expressway offers a very strong connection to sophisticated sectors in Noida and Greater Noida as well as to Delhi, areas of Haryana, and parts of Uttar Pradesh.

DND Flyover and MG Road connect Noida Expressway to Indira Gandhi International Airport, which is located 38 kilometers distant. The recently upgraded Aqua metro line between Noida and Greater Noida boosts daily passengers. Nizamuddin (20 km) and New Delhi Railway Station (25 km) are the closest train stations to the Noida Expressway.

Numerous national and international IT/ITeS groups are present along the Noida Expressway. Here, employees work for companies like Tata Consultancies, Adobe, Birla Soft, KPMG, and Cognizant Technology, among others. Over the years, several multinational corporations built their workplaces, and according to one estimate, more than 60,000 people commute daily to their places of employment. Rapid residential improvement has occurred inside the region as a result of the growth in industrial sectors, outstanding connectivity, and ongoing infrastructural upgrades.

Numerous real estate purchasers and business locations flock to the Noida Expressway sections because of the well-developed infrastructure, including expertise parks, hospitals, shopping malls, schools, and shopping arcades. It is one of a few NCR micro markets with exact bending of domestic and commercial responsibilities (60:forty ratio). Numerous IT/ITeS, SEZ (Special Economic Zone), BPO, financial, and banking organizations have offices on both sides of the Noida Expressway when traveling from the Delhi side.

High-quality numbers of industrial and domestic duties are present in sectors like 44, 93B, 94–98, 100, 104, 140, and 140A next to Noida Expressway. The main growth engine for this micro-marketplace is the high-speed community of street, and metro lines, cheaper prices, and accessibility to many parts of Delhi. Due to its excellent accessibility and modern infrastructure, the Noida Expressway micro markets have drawn the attention of several national and local real estate developers. Many different companies, including Supertech Limited, Godrej Properties, DLF, Tata Housing, Bhutan Infra, ATS Infrastructure, and many more, have residential and industrial projects in this area.

Attractive property prices combined with current and planned infrastructure make it a prime location for real estate investment in the NCR for both foreign and local purchasers. The nearby Jewar International Airport may have a direct, positive impact on Noida Expressway’s commercial and residential real estate sectors. The projected 2.2 lakh square meter state-of-the-art interstate bus terminal in area 144 along the Noida Expressway would improve connectivity and contribute to economic growth. The currently under-construction FNG (Faridabad-Noida-Ghaziabad) Expressway will improve interstate connectivity of Noida Expressway sections and contribute to the growth of the real estate industry.

The real estate market is expected to experience a change in direction toward the north in the upcoming few quarters, and homes in the real estate sector are expected to experience capital gains of about 10 to 12 percent.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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