noida expressway records good appreciation

in Property Time |Property News ! Sun Feb 03, 2013 10:40 pm
by Sandeep

Noida-Greater Noida Expressway continues to attract investors, buyers and realtors owing to the infrastructure and good connectivity of the area.

Demand for residential and the commercial property on this stretch, which further connects to the 165km-long Yamuna Expressway, is increasing at a fast pace.

Residential sectors have developed on both sides of the Noida-Greater Noida Expressway. The main advantage of living along this passage is the rapid access to Noida and Delhi through one side and to Greater Noida through the other.

Appreciating realty market

Major developers are launching large housing and township projects on this stretch, which is a good opportunity for end users and investors to grab a piece of the valuable realty pie on this expressway. Presently, mid-segment apartments are quoting at Rs 3,500-5,500 per square foot. Prices of apartments in the premium segment are in the range of Rs 9,000-15,000 per sq ft. Professionals are seeking out Noida Expressway as a good destination for investment purpose, as the area is yielding good returns, according to experts.

Some of the big projects by leading developers on this stretch include Unitech Grande, JP Wish Town, Amrapali's Heartbeat City and Hanging Garden, ATS Pristine, Supertech's Supernova, Paramount Floraville, Ajnara Daffodil, Prateek Edifice, Logix Blossom Greens, and Gulshan Ikebana.

Gursimer Singh Bindra, the director of Key Real Estate services, says: "The annual appreciation in property prices here is around 30%; this is a handsome return on investment by any yardstick and this is raising a huge demand for property on the Noida Expressway."

Infrastructure development

The Noida authority has various plans for infrastructural development on this stretch, which will further enhance the appeal of the place for end users and investors.

According to the new master plan, the recently approved Metro alignment will be developed to link Noida with Greater Noida, and later on with Yamuna Expressway. The line begins from Sector 32 and caters to residential sectors lying along the expressway.

The Noida authority has a plan to build a 3.9km Metro line between Kalindi Kunj and the Botanical Garden crossing through Noida Expressway. An additional 6.6km line is planned from Sector 32 to Sector 62. The authorities are also making arrangements to provide Ganga water to the residents of this area. Plans for infrastructure development here include a road network of over 20km, a 126MW captive power generator, and sewage treatment plants with a total capacity of 30,000 kilolitres per day.

According to the new master plan, 70% of the total area along the Noida and Yamuna Expressways will be kept for green spaces.

Also, land has also been allotted in the master plan for 40 educational institutions and retail development. Planned Export Promotion Zones, together with the Taj Economic Zone along the Yamuna Expressway, are likely to give a boost to the economic development of this region. A proposal to extend two bridges, one over the Shahdara Drain near Film City and the other before the Okhla Barrage, has been set on fast track.

Realty projects

Developing sectors like Sectors 94, 95, 96, 97, 100, 101, 110, 107, 137, 142, 143, 150, 151, and 168 along the expressway offer great scope for strong and sustained growth for all segments of the real estate.

Developers, realtors and property professionals are all upbeat about the prospects of this emerging hot location.

Jaypee Group has the biggest land bank on the expressway and it intends to develop an integrated township projects like its JP Wish Town here. Jaypee has secured a permit to develop 2,500 hectares on a 90-year lease, which is expected to consist of 1,162 acre parcels, at each of the five different locations along the Yamuna Expressway: one is in Noida, one each at Jaganpur and Mirzapur (district Gautam Budh Nagar), and one location each at Tappal (Aligarh) and Agra.

Jaypee Wish Town Greens in Sector 128 spans over five sectors. The mega integrated township has Jaypee Greens Klassic in Sector 129, Jaypee Greens Kosmos in Sector 128, Jaypee Greens Garden Isles and Jaypee Greens Kensington Park in Sector 133, and Kalypso and Pavilion Court in Sector 128.

JP's land parcels are being developed as part of gated communities offering green, lifestyle living in a self-contained township to individuals seeking an integrated living environment, vacation home or investment property.

Omaxe Group, another major player, has already completed premium luxury residential projects like Forest and NRI City along the expressway. ATS, Eldeco and Parsvnath have already delivered their projects. ATS Greens Village on Sector 93A has made a mark by delivering quality lifestyle features like uninterrupted water and power supply, shopping outlets, swimming pools and beautiful landscapes in the project.

Amrapali's Heart Beat and Hanging Garden in Sector 107, Supertech's Emerald Court in Sector 93, Supernova in Sector 94 and Eco City in Sector 137, Paramount's Floraville, Gulshan Homz's Vivante, Ajnara's Daffodils in Sector 137, Prateek Group's Prateek Laurel in Sector 120 and Prateek Wisteria in Sector 77 are the other major projects here, which offer every modern lifestyle facility that a resident may look for. These projects have reported an appreciation of about 20-25% within eight months of their launch, according to realty experts. Anil Sharma, the CMD of Amrapali Group, says: "Noida Expressway has the space to accommodate several townships, commercial headquarters, shopping malls, worldclass theatres and other infrastructural development. Also, there are a number of tourism and entertainment projects under development in Noida. All these factors are turning Noida Expressway into an affluent and self-sufficient area, and boosting its investment profile. Property rates here, and in the surrounding areas of Noida, are on an upswing and it the right time to invest in different real estate projects here to ensure higher productivity of one's capital."

Vijay Gupta, the CMD of Orris Infrastructures, says: "With improving infrastructure and the increasing demand for affordable housing, Noida Expressway is a fit place end users and investors. For developers and builders like us, Noida has always been a focal point for most of our projects. Noida has still a huge scope for new developments, and with the Metro network expanding its domain deep inside Noida, the allure of the place is enhanced many folds."

Source : Times of India

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Property rates doubling at Greater Noida West

in Property Time |Property News ! Sat Feb 09, 2013 4:21 pm
by harjinder sidhu • 2 Posts

Here more news for investors in noida

Greater Noida West (formerly Noida Extension) is now free from all legal hurdles and builders and developers have resumed construction here and are even planning to launch new projects. The NCR Planning Board (NCRPB) recently approved Greater Noida’s Master Plan 2021, which includes new infrastructure like expressways, major road networks, Metro connectivity and increase of per person per hectare (ppph) density of the planned population of the area from 54 to 200 ppph.

The homebuyers and investors can buy homes at Greater Noida West very freely after the green signal to go ahead with ongoing projects from Greater Noida Industrial Development Authority (GNIDA).

Spread over nearly 3,635 hectare (8,980 acres), Greater Noida West is well connected to Noida. It is 4-5km from Sector 121, Noida; a road from Sector 121 passes over Hindon and connects Sectors 1, 2, 3, 4, 16B, 16C, 10, 12, Techzone, Knowledge Park 5, etc, in Greater Noida. This road connects further to a 60m-wide road coming from NH-24.

More than 50 builders and developers have been allotted plots here for constructing residential units, highrise and low-rise structures, to cater to a projected population of 10 lakh. As per an estimate, over 2.5 lakh builtup houses would be delivered in the next three-four years.

Before launching large group-housing projects and builder residential plots, the GNIDA allotted over 4,000 residential plots to individual allottees. The authority waited for 14 years before requesting the state government for acquisition of 161.5 hectares in village Shahberi, but this acquisition was quashed by the Supreme Court in 2011.

Price appreciation

The impact of the court verdict hit property price hard. Once launched at Rs 1,400-1,600 per sq ft, the rates have now almost doubled and are quoting at Rs 3,000-3,500 per sq ft, depending on the location of the project.

What began as a war for affordable homes among a handful of builders has now turned into a full-fledged race for luxury space in Greater Noida West.

Top developers are queuing up for their share of the pie. They are also charting a new course of growth through a two-pronged strategy of geographical expansion and diversification. Replicating their success they are extending their expertise in creating high-end communities by launching villas and luxury residential properties.

Source: Times Property, The Times of India, Delhi/NCR

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RE: noida expressway records good appreciation

in Property Time |Property News ! Fri Aug 23, 2013 8:34 am
by Krishan Yadav • 1 Post

UP chief minister Akhilesh Yadav will on Tuesday give a turbo boost to development in the twin districts, launching projects worth Rs 3,337 crore. To meet the growing demand for housing, the government has approved a residential project for the Greater Noida Authority that will build 7,200 'affordable' flats in ground-plus-three format in Sector 10. Each flat will be built over 29.76 square metres. Akhilesh will also lay the foundation stone of 4,425 affordable homes in Sector 18 of Greater Noida, each priced at Rs 7.75 lakh.

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RE: noida expressway records good appreciation

in Property Time |Property News ! Tue Dec 17, 2013 4:56 pm
by purvijoshi • 1 Post

According to my research and real estate market value best area for invest in Noida, Noida extension and Greater noida. It is well situated on Noida-Greater Noida Express Way which is a fast growing area in terms of residential and commercial properties demand. There are lots of residential projects ongoing, upcoming up and thousands of projects are already completed in Noida extension. Individual can invest some of areas like; Noida sector 107,108, 110, 143,145,72, 137,143,75,76,77,78,117,119,120 noida extension. There are lots of reputed builder come up with new projects like Amrapali heartbeat city, Amrapali la residentia, Amrapali Kingswood, Jaura Heights etc.

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