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Greater Noida In Auto Mode Now

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This Is The Story Of A City Finally Coming To Its Own After Numerous Hiccups Over The Years And Now Laying Claim To A Place That It Rightly Deserves. Planned With A Vengeance as Its Tagline Says – Wide Roads, Spacious, Abundant Greenery And More Importantly Not Very Far From The National Capital, Greater Noida Was Simply Not Taking Off. But With The Recently Concluded Auto Expo And Other Big-Ticket Events Like The Asian  Development Bank Summit, Formula One Races, The City Is Poised For A Giant Leap In Terms Of Positioning Itself As One Of The Country’s Hottest Realty Destinations

With the exponentially growing Auto Expo – Asia’s biggest automotive, being hosted by Delhi for the last 28 years, moving to Greater Noida -a sigh of relief and of being vindicated is evident among the urban planners and private developers, giving way to hope that perhaps the city’s time has come.

While the prime reason for the shift is paucity of space at Delhi’s Pragati Maidan – where Auto Expo has been traditionally held since 1986 – the realty industry, especially developers in Delhi and National Capital Region (NCR) are hopeful that business will be good from now on. With Greater Noida emerging as an alternate destination  for the people who are unable to find ample housing options in Delhi and adjoining cities of Noida and  Gurgaon, the city is the new go-to option for the rapidly swelling populace of NCR. The enthusiasm
shown by foreign investors also has motivated the realty players to shift their base to the region to grow their base and nurture their capital.

To cite a single instance as  partial fallout of the Auto Expo, a Japanese automobile major is learnt to have decided to set up an auto parts manufacturing unit in G. Noida. Not for no reason that the realtors feel the housing sector is going to benefit from Greater Noida’s emergence which already has ~1 ,400-crore units being set up by software giants like lnfosys and Mentor Graphics in place already. Greater Noida already houses about 3,000 industrial units, including 100 big players like Yamaha Motors, Hero Honda, New Holland and Asian Paints among others.

rama_raman

The enthusiasm shown by investors at the Autp Expo has given us hope that many big players are contemplating to invest here.The authority has tailor-made schemes for big automobile players in Greater Noida and Yamuna Expressway area.
Rama Raman,Chairman & CEO, Greater Noida Authority

pc_gupta

We are promoting our industrial plot schemes at all platforms, be it the Auto Expo or the ADB summit. Our effort is to lure as many investors as we can, especially foreigners, in a bid to boost the local economy
PC Gupta, CEO, YEIDA

 

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“The enthusiasm shown by investors at the Auto Expo has given us hope that many big players are contemplating to invest here,” said  Rama Raman, chairman and chief executive officer  (CEO) ofthe Greater Noida Authority (GNA). According to GNA, 250 industrial plots have been recently allotted and it is open to allotting an equal number of plots to automobile or other manufacturing units. “The Authority has tailor-made schemes for big automobile players in Greater  Noida and Yamuna Expressway area,” Raman added.

The two industrial authorities – Greater Noida and Yamuna Expressway Industrial Development Authority (YEIDA) – plan to attract more industries to push the economic activity.

Aditya Ghildyal, VP, AGNIThe big challenge before the Uttar Pradesh government and local authorities is to lure big manufacturing units which can employ local educated jobless young folk. Whose land was acquired for urbanisation. Instead of allotting more land for residential projects, the authority should pro-actively lure industries to make this city economically sustainable
Aditya Ghildiyal, VP, AGNI

“We are promoting our industrial plot schemes at  all platforms be it the Auto Expo or the ADB summit. Our effort is to lure as many investors as we can, especially foreigners, in a bid to boost  the local economy,” said PC Gupta, chief executive officer (CEO), Yamuna Expressway Industrial Development  Authority (YEIDA).

It has been observed that these kind of global mega events usually trigger a wave of development in nearby areas and the real estate sector benefits out of it. “So we expect that these events will provide yet another reason to people to buy a home in Greater Noida,” said Anil Kumar Sharma, president, CREDAI-NCR.

Harjeet-Singh-Sahni,CMD,-Solitaire-RealinfraIt was a wise decision to shift the event to Greater Noida which not only So, boasts of having one of the best road connectivity via the Expressway and the DND toll bridge but also has presence of the landmark F1.The road infrastructure in Greater Anil Kumar Sharma Noida has been laid out President, CREDAI-NCR with due planning and roads here are congestion-free unlike Delhi. These big events will surely put Greater Noida on the world map and real estate sector will surely reap the benefits in out of it.
Harjeet Singh Sahni, CMD, Solitaire Realinfra

“It was a wise decision to shift the event to Greater Noida which not only boasts of having one of the best road connectivity via the Expressway and the Delhi-Noida Direct (DND) toll bridge but also has presence of the landmark F1. The road infrastructure in Greater  Noida has been laid out with due planning and roads here are congestion-free unlike Delhi. These big events will surely put Greater Noida on the world map and real estate sector will surely reap the benefits out of it,” said Harjeet  Singh Sahni, chairman and managing director, Solitaire Real infra Pvt Ltd.

Kaushal-Jain,-MD,-Arihant-Group
Greater Noida first came into the global scene with the annual Formula One racing event in Buddh International Circuit. Since then there was no looking back. And now that the Auto Expo has successfully made its debut here, developers are optimistic that this will bring in a new surge of home buyers in the city. These events attract a lot of foreigners and government is building up better infrastructure and connectivity in order to attract investment. So the realty sector is all set to thrive in the near future.
Kaushal Jain, MD, Arihant Grou

Said Kaushal Jain, managing director, Arihant Group, “Now that the Auto Expo has successfully made its debut here, developers are optimistic that this will bring in a  new surge of home buyers in the city. These events attract a lot of foreigners and government is building up better  infrastructure and connectivity in order to attract investment. So the realty sector is all set to thrive in the near future.”

Emphasising the importance of infrastructure in such regions, Aman Agarwal, director, KV Developers, said: “First, we need to understand why such events are being shifted to Greater Noida. The answer lies in planned  infrastructure of the region like signal-free well-elevated wide roads, flyovers, roundabouts on expressways and proposed Metro Rail connectivity. All these factors favour Greater Noida as a destination for such events. Property markets also get a boost from such events as people visiting such events also witness the development of the area in terms of infrastructure and connectivity. So it definitely gives a positive boost to property market of the area.”

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Recently, the boards of authorities have also jointly decided to allocate ~3,426 crore to YEIDA. To facilitate the growth in the region, a 20.6-km Metro Rail track  between Greater Noida and the Yamuna Expressway has also been cleared which will connect 12 developing
residential sectors.

anil_kumar_sharma
Delhi-Mumbai Industrial Corridor (DMIC) has been planned to pass through this area. So, it is obvious that MNCs and big industries are planning to set up their bases here. Having said that, these developments will keep pushing the realty prices upwards.
Anil Kumar Sharma, President, CREDAI-NCR

 

YEIDA has been taking the initiative with the help of Delhi Metro Rail Corporation (DMRC) to prepare a detailed project report (DPR) and feasibility report for the same project to facilitate the all-round development of the region.

• It has been observed that these kind of global mega events usually trigger a wave of development in nearby areas and real estate sector benefits out of it
• With the kind of urbanisation and infrastructure development going on in the area, developers sense that properties in Greater Noida will give handsome annual returns over the next few years and they expect an appreciation over 30% in property prices in the region.
• While the prime reason for the shift is paucity of space at Delhi’s Pragati Maidan – where Auto Expo has been traditionally held since 1986 – the realty industry, specially developers in Delhi and National Capital Region (NCR) are hopeful that business will be good from now on
• The Noida-Greater Noida region is also in the cusp of a major revamp to erect an efficient law and order security set-up
• The Noida Authority is also learnt to have assumed responsibility to adapt digital technology, a modern security surveillance system, and for which expression of interests (Eols) have been sought from vendors
• Greater Noida already has Rs.1,400 – crore units being set up by software giants like lnfosys and Mentor Graphics in place already. It also houses about 3,000 industrial units, including 100 big players like Yamaha Motors, Hero Honda, New Holland and Asian Paints among others.

PROPERTY PRICES

With the kind of urbanisation and infrastructure development going on in the area, developers sense that properties in Greater No ida will give handsome annual returns over the next few years and they expect an appreciation over 30 per cent in property prices in the region.

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“Delhi-Mumbai Industrial Corridor (DMIC) has been planned to pass through this area. So, it is obvious that MNCs and big industries are planning to set up their bases here. Having said that, these developments will keep pushing the realty prices upwards,” said Sharma of CREDAINCR.  Said Kaushal Jain, managing director, Arihant Group: “With so many modern facilities available to home buyers,  prices will appreciate at an average of 40-45 per cent in the next five years.”

Manoj Dwivedi, chairman and managing director, Shri lnfratech, said: “Given the proposed infrastructure and road map for  industrialisation, we expect a minimum price appreciation in the range of 15-30 per cent in three years. It can be more if the proposed infrastructure projects are implemented on a priority basis.”

“With the kind of growth that the real estate sector has seen in this region, we may expect an appreciation of 1 5-20 per cent in the next few years,” added Ashok Gupta, chairman and managing director, Ajnara India Ltd.

SAFETY AND SECURITY

The Noida-Greater Noida region is also in the cusp of a major revamp to erect an efficient law and order security set-up. The UP government has already sent it to the state  government for cabinet approval. The architecture includes increasing police manpower, setting up of six new police stations, one of which would be a cyber-police station. The other five police stations would be industrial police stations, in which, apart from the police station there will be a fire station, and availability of labour inspectors and factory inspectors. The fire brigades will also be equipped with 72-metre-long ladders which will be helpful in cases of fire in high-rise buildings. These measures- the first of its kind -are expected to enormously help attract investors and set the region on a much faster growth trajectory.

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 The Noida Authority is also learnt to have assumed responsibility to adapt digital technology, a modern security surveillance system, and for which expression of interests (Eols) have been sought from vendors. It would result in cameras on all major road crossings, on all entry points to the city, along with a command control room with vehicles attached to it. In cases of crime or mishaps, the command control will immediately take necessary steps – be it calling the  police, or ambulance or fire brigade or a crane, etc. This will also help in life-saving measures such as immediate hospitalisation for the injured, etc.

MANOJ-DWIVEDI,-CMD,-Shri-Infratech
Given the proposed infrastructure and road map for industrialisation, we expect a minimum price appreciation in the range of 15-30% in three years. It can be more if the proposed infrastructure projects are implemented on a priority basis.
Manoj Dwivedi, CMD, Shri lnfratech

While the region always depicted potential for imminent growth, safety and security was always an issue for both buyers as well as developers. Not surprisingly, the government has announced firm steps. “Buyers will only buy in a region where they feel that their property is safe. The recent government actions have accorded a confidence in the minds of the buyers about Greater Noida becoming a safer place,” said Deepak Kapoor, director, Gulshan Homz.

Ashok Gupta
With the kind of growth that the real estate sector has seen in this region, we may expect an appreciation of 15- 20% in the next few years.
Ashok Gupta,CMD, Ajnara India

“In the last few years, Greater No ida has been receiving a lot of attention which has added to the overall growth  of the region. It is only in the fit of things that the government has decided to improve the law and order situation, which directly affects the buyers positively,” said Rupesh Gupta, director, JM Housing.

Anil Mithas
Many builders and developers are coming up with ambitious projects in the region where some are already functional while others are in various stages of development. Now that Auto Expo has been shifted to Greater Noida and there are plans for Trade Fair to be shifted too at the same venue, it is definitely going to give a boost to the property market in Greater Noida, considering the significance of both the events.
Anil Mithas, CMD, Unnati Fortune Group

While all the signs of a rosy future for the Greater Noida region looks imminent, the key

and push-factor lies considerably in the hands of the government. In the interest of the region, the authorities must brook no look-backs.

WHAT DEVELOPERS SAY

Aman-AgarwalFirst we need to understand why such events are being shifted to Greater Noida. The answer lies in planned infrastructure of the region like signal-free well-elevated wide roads, flyovers, roundabouts on expressways and proposed Metro Rail connectivity. All these factors favour Greater Noida as a destination for such events. Property market also get a boost from such events as people visiting such events also witness the development of the area in terms of infrastructure and connectivity. So it definitely gives a positive boost to property market of the area.
Aman Agarwal, Director, KV Developers
Rajnii-Kant-Sharma,-Group-CEO-,-Airwil-InfraThe Auto Expo witnessed big crowds despite being held far from the Capital. The realty industry is hopeful that this kind of shows will attract more investors to Greater Naida which is supposed to be a prime destination realty hub in the near future.
Rajni Kant Sharma, Group CEO, Airwil Infra
Prithvi-Raj-Kasan,-MD,-Morpheus-Group1Delhi-NCR is a great market for industries too.
Here, there is a lot of untapped land and demand
for employment too. The inclusion of more industries will mean that the property prices will heat up in the near future.
Prithvi Raj Kasana, MD, Morpheus Group
vidya
Such world-class events will definitely give a boost to property markets in Greater Noida and put the region on the world map. Events like these will help Greater Noida showcase its modern facilities, vast open area and good infrastructure in Delhi and NCR.
Vidya Basarkod, President, Sales & Marketing Jaypee Greens
Sushant Muttreja, MD, Cosmic Group
The government has been extremely active when it comes to the development of Greater Noida. Already we have seen lots of infrastructural development in the region. The final thing required now is to make sure that everything is safe. For that, several security measures have started to even take place.
Sushant Muttreja, MD, Cosmic Group
Prashant Tiwari, CMD Prateek Group
The past performance of Greater Noida has been off limits and people have also showed a brilliant response. This would suggest a decent hike in the property prices of about 20% at least in the coming couple of years.
Prashant Tiwari, CMD, Prateek Group
Danish Suhail, Advertising & Promotion, Rudra Buildwell
Property will go through a boost in multiple verticals including price, exposure and value. As it is evident from the past, several instances including Gurgaon, Dwarka, Faridabad, commodity appreciation has always followed the development.
Danish Suhail, Spokesperson, Rudra Buildwell
Deepak Kapoor
Buyers will only buy in a region where they feel that their property is safe. The recent government actions have accorded a confidence in the minds of the buyers about Greater Noida becoming a safer place.
Deepak Kapoor, Director, Gulshan Homz
Vipul-Gupta,MD-Neobrix
There was a time in Greater Noida when there were only plants and units. Now, we have corporate offices and residents living too. This had made other MNCs to come up here which again will help in the property price rise.
Vipul Gupta, MD, Neobrix

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