Express Gains

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xpreegainIn a very short span of time, the 23.53 km-long  Noida Expressway has become a vital component in the eco-system of NCR.This has happened not only because it provided seamless connectivity between Noida and other regions of NCR, but also because it has completely transformed the real  estate profile of this  area  by profuse injection of inputs into the region’s infrastructure.

As of now, the Noida Expressway region  can be counted as one amongst the  most preferred  destinations  for  the realty buyers not only in NCR but across the country. Much of this is due to the wide array of world class projects under development and, that  too, available at the  most reasonable prices.

The ongoing stagnation till  now  of the real estate market of NCR has also made this location a paradise for  end-users  and  investors alike, because it is providing much  better  facilities than its other counterparts elsewhere in Delhi NCR.

Prices of the projects which  were launched  here in the range off Rs2,500 -2,600 per sq ft three years ago, are now  between  Rs 5,200-5,500 per sq ft. Though these prices cannot  exactly be termed as affordable now,   still   they  are  much   less  than the   other competing locations in the Delhi-NCR region.

And, looking  at  the  construction quality  and  the world class features and facilities that these projects boast of,one can easily assert that Noida Expressway is the  most  affordable real estate  destination amongst the nearby locations in NCR. Significantly, experts believe that  the area is immune to  price correction  as the  developers  are already  building their projects on a very low margin, thereby making this one realty market almost speculation-free.

Considered to be an affordable destination three years before, the area however may lose this tag in next three to five years,as property prices are inching up slowly but surely. The change is best reflected in the kind of projects launched now (predominantly luxury and commercial). With  sparse supply in the area, a unit  is poised to fetch handsome  returns of one’s property in the coming times.

Promising Infrastructure

Infrastructure-wise also, the area is providing much better facilities then its other counterparts, and can be counted amongst the most prime developing corridors. Besides boasting of the first expressway in the Delhi-NCR region, the new developing corridors such as the  Faridabad-Noida-Gurgaon Expressway will also  pass through this corridor thereby improving connectivity  of Noida with  Ghaziabad, Faridabad and Gurgaon.

In addition, the location of the Noida Expressway promises quality lifestyle to the inhabitants, since various developments like commercial hubs,shopping malls,five-star hotels,etc are lined up around this area. Also,   plans  are  afoot   for   the  establishment  of several top  notch hospitals, which  will  be supplemented with world class healthcare facilities in this location. The area is also becoming well known for the many educationaIinstitutes that have sprouted.

Moreover, the Noida Development  Authority has plans for multi-dimensional development of this area and has lined up various special economic  zones (SEZs) in this area. One can easily imagine  the kind  of  employment opportunities these SEZs will generate and how it will be translated into  the   mega   demand  for   housing

  • The ongoing stagnation till now of the real estate market of NCR has also made this location a paradise for end-users and investors alike, because it is providing much better facilities than its other counterparts elsewhere in Delhi NCR.
  • Prices of the projects which were launched here in the range of  Rs 2,500-2,600 per sq ft three years ago, are now between Rs 5,200-5,500 per sq ft.
  • Noida Expressway is the most affordable real estate destination amongst the nearby locations in NCR.
  • Experts believe that the area is immune  to price correction as the developers are already building their projects on a very low margin, thereby making this one realty market almost speculation-free.
  • The new developing corridors such as the Faridabad-Noida-Gurgaon Expressway will also pass through  this corridor thereby improving connectivity of Noida with  Ghaziabad,  Faridabad and Gurgaon.
  • Various developments  like commercial hubs, shopping malls, five-star hotels, etc are lined up around this area. Also, plans are afoot for the establishment of several top notch hospitals, which will be supplemented with world class healthcare facilities in this location.
  • One can easily imagine the kind of employment opportunities  these SEZs will generate and how it will be translated into the mega demand for housing.
  • The all-important Metro  connectivity being strongly proposed for this area. This highway is expected to be connected with the Delhi Mumbai Industrial Corridor (DMIC) that will pass through  all the major towns between  Delhi and Mumbai.
  • Taking into account the growth  scenario of this area, one can expect a minimum  of 10 to 20 per cent yearly ROI on investments in this area.

Along with the wide city roads and the already operational DND Expressway, the area is currently buzzing with population and activities.

Apart   from   the  world-class   Noida   Expressway, there are several flyovers, underpasses with the all­ important  Metro  connectivity being strongly proposed  for this area. Further, in the near future, this highway is expected to be connected with the Delhi Mumbai Industrial Corridor  (DMIC) that will pass through all the major  towns  between  Delhi and Mumbai.

Future Scenario

By virtue of the high demand emanating  from the service sector hub of Noida, i.e. the employees of the IT/ITe companies, currently a mix of residential and commercial development is underway on both sides of the Expressway.

But still, the prime USP remains in the fact that hoards of end-users and investors have been attracted to this location due to the availability of nice properties in the  Rs 50 lakh to Rs 1 crore price band, making  it a magnet for the urban middle class. Despite the adverse market conditions for the real estate in recent times, this location  has not  seen much  price corrections  unlike the other areas due to its non-speculative nature.

Taking into account the growth scenario of this area, one can expect a minimum of 10 to 20 per cent yearly ROI on investments in this area. This figure is agreed upon by many experts who also say that the area will not remain affordable down the line because of the advantage  of  superb  development it  has to  offer, appreciation in property prices and paucity of land.