November 6, 2013

Noida-Greater Noida Expressway – One of the Most Happening Place in the Country

Noida-Greater Noida ExpresswayThe Noida-Greater Noida Expressway which is a 6-lane highway linking Noida with Greater Noida, is a fast developing region with both social and commercial infrastructure facilities being built rapidly. This wonderful expressway further links to Yamuna Expressway, which is why several builders and developers feel that this zone holds tremendous potential for residential and commercial realty growth and are queuing up to develop quality projects along this stretch. There are great expectations that end users and investors will find this region appealing, as it boasts of first-rate social infrastructure facilities and is expected to yield good appreciation in the coming five years.

A number of developing and developed Sectors like 94, 95, 96, 97, 100, 107, 110, 124, 128, 137, 142, 143, 149, 150 and 168 are all part of Noida-Greater Noida Expressway. These sectors offer a range of choices in budget, mid-segment and luxury housing projects accompanying top class facilities and latest technological features. Some of the first-rate affordable as well as high end residential projects developed in this expressway and sprinkled across various sectors are Jaypee Greens Orchard, Jaypee Greens Kingswood Oriental, Jaypee Casablanca, Supertech Supernova, Victory Ace, Paras Tierea, ATS Pristine, Paras, Lotus Boulevard, Paramount Floraville, Kensington Boulevard, Gulshan Ikebana and Antriksh Golf City. Prominent realty developer Jaypee Group in fact has large parcels of land in the Yamuna Expressway belt that links to Noida-Greater Noida Expressway, on which it expects to develop gated communities with self-contained townships, holiday homes with world-class amenities for investment purpose.

Greater Noida Expressway

In addition to some of the high-end and premium apartments, a number of social infrastructure developments including educational institutions, hospitals, supermarkets, shopping malls, 5-star hotels, ATMs and other commercial centres are expected to develop along the stretch while improving the overall quality of living of people moving in. Planned underpasses, flyovers, city roads and metro line are physical infrastructure developments that are further going to encourage people to come and invest here while improving transportation and travelling.

Though most of the residential realty projects are high-end ventures involving high investment, there are also a number of projects targeted at middle income group on around 3 to 5 km belt along this expressway. Some of the prominent premium and high-end projects that are being developed along this belt include ‘Unitech Grande’ and ‘Unitech Cascades’ by Unitech, ‘Supernova’ by Supertech and ‘The NRI City’ and ‘The Forest’ by Omaxe Group. Besides these, some other premium residential projects include Heartbeat City and Sapphire by Amrapali, ATS Green, Vivante by Gulshan Homz, Eco City and Emerald Court by Supertech, Prateek Laurel and Prateek Wisteria by Prateek Group and Daffodils by Ajnara. A number of already developed realty projects in this belt have not only been lapped up by investors but have also witnessed good appreciation in the last two years.

Nearly all developers having their projects along the Noida-Greater Noida Expressway are quite optimistic about the future of this expressway. They feel that seamless connectivity, close proximity with Delhi and top-rate infrastructure will play an important role in making this expressway a prime and costly real estate destination in the coming two to three years. The basic property price along this expressway is Rs. 4700 per sq. ft. and above, depending on the exact location, type of realty project, size and amenities offered by the developer, etc. With exclusive plans being proposed to improve basic amenities by installing power generation unit, sewage treatment plants and more road network and land being allotted for green projects, the area is most likely to be the top property destinations in the country.