Guest Column

Express Gains

In a very short span of time, the 23.53 km-long Noida Expressway has become a vital component in the ecosystem 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 of the most preferred destinations for 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 of 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 the 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 than 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 the connectivity of Noida with Ghaziabad, Faridabad and Gurgaon.

In addition, the location of the Noida Expressway promises a 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 educational institutes 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 the 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 percent 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/ITes 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 real estate in recent times, this location has not seen many 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 percent 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.