With a lots of open space and green landscapes, Noida has witnessed a very good and planned development in past 10 years and is now recognized one of the few cities which has put themselves way ahead on the planned development map of India. With clear differentiation of boundaries of residential and commercial sectors, Noida has far more planned urban infrastructure compared to other real estate destinations in NCR.
A huge range of affordable housing projects launched by several developers has presented lots of options for both middle and lower middle class. The future prospects of the city are also expected to provide good opportunities to the investors and housing options to all segment of people. Developers, realtors, and property professionals, too are optimistic about the future of real estate and infrastructure developments in Noida.
The presence of world class infrastructure, transport facilities, shopping and entertainment hubs, commercial sector and other lifestyle facilities in and around the city are its main attractions for the property investors and end users. Depending upon the size, location and facilities, the average rates of property in Noida ranges between Rs. 4,200 -5,000 per square foot and onwards
Noida Urban Development Authority is continuously putting its efforts for more planned and improved infrastructure & real estate developments in the city in line with the revised master plan. There is a plan to build and develop international standard infrastructure like 75 Meter and 150 Meter wide roads, flyovers, underpasses, roundabouts on expressways, sewer-treatment plants (STP), a new 400 MW power grid, Ganga water supply and other infrastructure in the 2021 master plan of the city. The NOIDA authority is also working to extend the Metro connectivity to other parts of the NCR. The recently approved Greater Noida to Yamuna Expressway City Metro connectivity has also added a new feat.
The planned development and superior infrastructure as also attracted many reputed real estate developers including DLF, JP, Parsvnath, Unitech, Supertech, Omaxe, Amrapali, Assotech Realty, Antriksh, Assotech Ltd, Ajnara India, Gulshan Homz, Mahagun, Unnati Fortune, etc. These realty players have launched several commercial and residential projects in different locations of Noida, Greater Noida and Yamuna Expressway City.
The sectors from 124 to 144 along Noida-Greater Noida Expressway are the most sought after locations in Noida city today. The micro-market of these sectors is a good mix of commercial, residential, hospitality, education, healthcare and forthcoming retail projects. Because of the shorter travel distance from New Delhi and Faridabad, Noida-Greater Noida Expressway has emerged as the next ‘go-to ‘ location for office space. According to the experts, the better approach of development, negligible traffic congestion and better quality of construction have been the main reasons why this is the most preferred area.
With a great scope for strong and sustained growth for all segments of the realty, a number of premium housing projects including villas in Sectors 32, 44, 74, 75, 76, 77, 78, 94, 119, 137, 143, 142 has also attracted buyers. All the premium projects in these projects offers all lifestyle facilities, lots of green and open landscape area and other facilities for the improved & modern lifestyle.
According to provisions in the new revised master plan, the Metro rail extension can lead it to other areas and an expressway will be developed to connect Noida and Greater Noida. A 28 km-long track connecting Sector 32 via Sectors 50 and 71 will be constructed between Noida and Greater Noida, which will be further extended up to Yamuna Expressway.
The provision to develop and improved the basic infrastructure has also been included in the master plan. The basic infrastructure includes adequate supply of water, power, and sewage, a road network of over 20km, a 126MW captive power generator, and sewage treatment plants with aggregate capacity of 30,000 kiloliters per day.
Only 30% of the total development on Noida Expressway and Yamuna Expressway will be saleable while rest 70% will comprise of open and green landscape area. 40 educational institutes and a variety of retail shopping facilities have also been allocated space along with the expressway. The demand for residential units along the Expressway is continuously rising owing to the superb developments and quality of lifestyle facilities.
More than 50% increase in the average capital value have been registered in last 5 years in the residential projects along with the Noida-Greater Noida expressway. It has reached from Rs 3,500 per sq ft in 2009 to Rs 5,200 in 2013. All kind of projects from affordable to mid-segment to luxurious housing with latest technology and world class facilities have been launched along the stretch because of world class infrastructure and superior transport facilities.
Education, healthcare and hospitality sector has also grown in the city as a natural demand after rise in the residential developments and possessions. Several reputed schools like Ryan International, Mayoor School, Jaypee Public School, Delhi Public School, Somerville International School, Genesis Global School, Lotus Valley International, The Shriram Millennium School, JBM Global School, and colleges have been established in this area. Several hospital chains are also planning to extend their business in the area. Popular hospitality brands like Westin Resort, Grand Hyatt, Marriott and The Lalit Grand have also planned projects along the expressway.
Noida is the well-planned city with better future prospects of infrastructure development, hence is the most recommended in the whole North India for real estate Investment. The availability of hundreds of affordable and mid-end residential options with world-class social as well as physical infrastructure, city has been presenting immense opportunities to the end users. The rewarding in the long term investment in Noida real estate is among the highest in the country. But to get real high returns from real estate, one must invest in the right areas and should remain invested for a longer period.