The Noida–Greater Noida Expressway is a six-lane highway which connects Noida to Greater Noida. However, properties along Noida-Greater Noida expressway have taken steep growth in recent time due to fast developing infrastructure and other important facilities.
Adjacent sectors to this belt are emerging as a premium residential hub offering both luxurious and affordable properties with world-class infrastructure. Thus, this region is giving a good opportunity for home buyers to reconsider investing in the residential developments here as compared to much expensive Gurgaon.
Let’s take a look:
The 24 km-long Noida-Greater Noida Expressway provides good connectivity from Delhi to the two suburbs of Uttar Pradesh i.e. Noida and Greater Noida. It also connects to the Yamuna Expressway, which connects Greater Noida to Agra.
The belt also enjoys seamless connectivity to major transport corridors like Yamuna Expressway, Faridabad-Noida-Ghaziabad (FNG) Expressway, and EPE.
In recent times, adjoining sectors (from 129 to 150) have seen robust social infrastructure and well-planned internal connectivity. Apart from this due to easily available land tracts, many commercial offices and IT/ITes companies have also shifted their base from Gurgaon to this area. Top notch many MNCs, special economic zones and IT hubs and corporate giants like TCS, Birla Soft, Adobe, and KPMG, have set up their offices here employing lakhs of people.
The area is also home to many renowned and famous schools and educational institutions Delhi Public School, Genesis Global School, JBM Global School etc.
Real estate Market
Established in 2002, Noida- Greater Noida Expressway has given rise to numerous affordable as well as luxury properties. Right from Sports City to Golf Course and theme-based projects, to the tallest residential luxury apartment of Delhi-NCR, the region along the Expressway has seen a big change, in terms of facilities, infrastructure, and connectivity.
According to a real estate research firm, due to the upcoming Jewar International Airport, Aqua Line Metro rail services, this belt of Noida and Greater Noida is all set to register a steep rise in demand for housing projects.
While sector- 129-137 offers premium affordable homes, sector-150 have seen luxury launches by developers like ATS, Godrej, Mahagun etc. and is also known as the greenest zone providing healthy living too.
Property rates and trend
Due to the presence of many companies, professionals prefer to invest in these sectors. Experts say that families and working professionals prefer to buy homes near their workplace, and from that perspective, the Noida-Greater Noida Expressway belt is developing at a fast pace.
Pricing too plays an attractive factor here. For example, one can get a modern and luxurious 3BHK flat of 1,500 sqft with all state-of-the-art facilities like clubhouse, swimming pool, gymnasium, kids play areas, lush green landscaping, at Rs 70-90 lakh in Sectors 137-150. On the other hand, a similar property in Gurgaon will cost no less than Rs 1-1.25 crore.
In short, it can be said that properties along Noida-Greater Noida Expressway have emerged as self-sustained residential zones for many aspiring home seekers in a short span of time.