The Noida Expressway, also known as the Noida-Greater Noida Expressway, has long been a haven for real estate investors, whether they are eyeing commercial or residential properties. This 25-kilometer high-speed corridor has revolutionized the real estate landscape in Noida, forging a seamless connection between Delhi, Noida, Greater Noida, and even the Yamuna Expressway.
Noida Expressway is much more than just a road; it’s a thriving real estate micro-market, driven by its stellar connectivity. With easy access to sectors within Noida and Greater Noida, as well as Delhi, Haryana, and Uttar Pradesh, this expressway offers excellent linkage to the Indira Gandhi International Airport, thanks to the DND Flyover and MG Road. Recent developments, such as the Aqua metro line connecting Noida and Greater Noida, have further bolstered the daily commute. The nearest railway stations are Nizamuddin (20 km away) and New Delhi Railway Station (25 km away), ensuring easy travel options for residents.
The Powerhouses of Employment
Noida Expressway isn’t just a concrete highway; it’s a corridor of opportunities. Home to numerous national and multinational IT/ITeS companies, this area houses corporate giants like Tata Consultancies, Adobe, Birla Soft, KPMG, and Cognizant Technology, to name a few. The region attracts over 60,000 professionals daily, making it a bustling hub of economic activity. The surge in commercial spaces and a commitment to infrastructure development have, in turn, ignited residential growth in the area.
The Realty Landscape of Noida Expressway
What makes Noida Expressway truly unique is its well-balanced blend of commercial and residential projects. With a ratio of 60:40 in favour of commercial ventures, this micro-market caters to every aspect of modern living. Sectors like 44, 93B, 94 to 98, 100, 104, 140, and 140A, all along the Noida Expressway, are dotted with a substantial number of commercial and residential projects. This micro-market has a winning formula: a high-speed network of roads, a metro line, competitive pricing, and proximity to multiple parts of Delhi.
Noida Expressway has attracted national and regional real estate developers due to its exceptional connectivity and well-developed infrastructure. Industry names like M3M, Godrej Properties, DLF, Tata Housing, Bhutani Infra, ATS Infrastructure, and many others have invested in residential and commercial projects here.
Currently, the cost of residential property ranges from INR 5,000 to INR 6,000 per square foot, with INR 5,777 being the average price. Due to fluctuating demand, residential real estate prices took a slight hit after 2019, but commercial real estate prices have grown strongly as a result of a rise in office space prices in the NCR market. With attractive prices for both end-users and investors, the real estate industry is now ready for investment.
With favourable property prices and a host of existing and upcoming infrastructures, Noida Expressway has emerged as a realty hotspot for both investors and home buyers. The impending Jewar International Airport, in close proximity, is expected to have a significant positive impact on commercial and residential real estate markets along the Noida Expressway.
- A state-of-the-art interstate bus terminal in sector 144 along Noida Expressway, encompassing 2.2 lakh square meters, promises to enhance connectivity and contribute to economic growth.
- The under-construction Faridabad-Noida-Ghaziabad (FNG) Expressway, upon completion, will bolster interstate connectivity within Noida Expressway sectors and drive further growth in the real estate market.
In the coming quarters, the realty market here is anticipated to ascend, with real estate properties expected to deliver approximately 10-12 per cent capital appreciation.
Noida Expressway is more than a roadway; it’s a lifeline of real estate potential in the National Capital Region. With its strategic connectivity and a thriving blend of commercial and residential offerings, this corridor has earned its reputation as a prime destination for investment. As the region continues to develop and expand, Noida Expressway stands as a testament to the boundless opportunities it presents for both investors and home buyers. The road to real estate prosperity lies here, along the Noida Expressway.