Greater Noida, a city that is
growing by leaps and bounds, has earned the distinction of being highly
preferable residential option for seekers of properties in Delhi NCR. The city
gained prominence on account of availability of land parcels, unused infrastructure,
and foraying of reputed developers in the city. A number of developmental
projects have gone very well with its economy. At present, a number of major
infrastructural projects are either on cards, or have been launched.
One of the eminent projects that are
expected to bring boost to properties is Noida-Greater Noida Metro Rail
Project. Slated to be launched in 2-3 months, the Metro project shall see
setting up of a station at Pari chowk. Of the total 21 km stretch, 6 km would
be the part of Greater Noida, while the remaining would be developed across
Yamuna Expressway. Deemed important from real estate point
of view, Metro Project shall help in improving connectivity between two cities.
It will also help in reducing the time taken to and from Delhi. While the
project is on its way, DMRC has still to prepare the detailed report about its
carrying capacity and viability.
The 165 kilometer Noida
Expressway is another high-end project that has shortened the commutation time
between two cities appreciably. Built to relieve National Highway 2 of its
excess traffic, this Expressway has had a significant influence over the
development of property in this city. Stretched over a distance of 165
kilometer, this link brought about a boom in realty construction. For
investors, it has proved to be a safe bet.
It is the good prospects for
returns that India's major developers started a number of projects for 1 BHk, 2
BHK and 3 BHK apartments in city. While a majority of these cater to the
property requirements of luxury segment, a couple of them have also been
launched for mid-income groups. Unitech's projects along Noida Expressway are
the best example in this regard. Some other major projects are Jaypee Greens, Gulshan Bellina, Victory
Ace, and Supernova. Unitech's Horizon, Heights, and Habitat, and Parsvanath's
Platimun Eden, and Estate are some of the popular residential projects that
city has witnessed. Ashiyana Arcade in Gamma 2 sector and Rivera from Eldeco
Infrastructure are among the other prestigious projects in the city.
The seekers of Greater Noida
properties shall see establishment of an International Airport. A helipad
connecting commuters to and from Greater Noida, Agra, and Mathura too is also
on cards.
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