|
|||||||||
The 8-lane Noida-Gt. Noida E' way Promises To Give Two Potential Locations A Realty BoostBy ugesh sarkar, Section Noida Real Estate Property ![]() Developers are not only coming up with residential projects, but they are also developing Special Economic Zones (SEZs), hotels and commercial complexes. Some high-end projects are going to change the entire residential scenario of the region. A couple of premium residential projects are already receiving great attention from the property seekers. Although most of the residential projects involve high investment, projects for budget buyers are also to be developed in a 3 to 5 km stretch along the expressway with proposed rate of Rs 5000 to Rs 7500 per sq ft. As per realty experts, the already existing properties are experiencing appreciation in last couple of years of around 80 per cent, where the rates went up to Rs 2,900 per sq ft from Rs 1,600 per sq ft. In the affordable segment, while Jaypee Group has several projects in sectors 128, 134 and 151, Unitech has Unihomes in sector 117.
Future in the twin cities Source: Mail Today By Kausar Firdausi The 8-lane Noida-Gt. Noida E' way Promises To Give Two Potential Locations A Realty Boost
Three flyovers are also under construction, and are expected to be ready in a few months. The entire stretch of the expressway will soon be wi-fi enabled. With these huge development plans, the property prospects here are quite bright. That's why the appreciation of the properties situated in and around the expressway and how it has just doubled over last three years. As connectivity concerns have been addressed, residential sectors along the expressway are expected to gain greater visibility. Besides, commercial developments on the stretch will aid more real estate activity.
All things bright and beautiful authority is planning to set up several sub-stations, including two 220 KV stations, with Rs 500 crore earmarked for the project. For better connectivity, a monorail project on a circuitous route via the expressway has been planned at a cost of Rs 3,300 crore. Another rail link from Tughlaqabad to Greater Noida via the expressway is also envisaged. A sewer network is being laid in advance along the expressway and a `Master Plan-2021' for water and sewer has also been prepared. In the last financial year Noida Authority earned revenue worth of Rs 90 crore from the SEZs. The new IT SEZs also show great promise. The multipurpose SEZs, which are to come up along the expressway over 2,500 acres of land will be divided into industrial, residential, commercial, and recreational sectors. One major factor that makes it an attractive destination for IT firms is land scarcity in Delhi leading to high prices, thus making establishment of large campuses there unviable. Shakti Nath, CMD, Logix Group, says, "With connectivity to Delhi through metro and good road transport, the areas along Noida-Greater Noida Expressway are in demand like never before." The authority also plans to develop an international level sports complex along with other prestigious projects in the area. The budget for the sports complex will be around Rs 50 crore and will have setups for multipurpose indoor stadium, an exclusive stadium for athletics, football and cricket fields, bowling alley, and many more. There will be another global standard 18-hole golf course that has a proposed budget allocation of Rs 37 crore. The authority finally selected a plot in sector 101 that measures over 180 acres and falls on the Zone 3 of the expressway. With the expressway to Greater Noida offering an uncongested, pollution-free environment with worldclass facilities, Greater Noida now boasts of contemporary, efficient, and comprehensive infrastructure. The Greater Noida Industrial Development Authority (GNIDA) also has a plan to develop an IT park that would exclusively support the infrastructure requirement of the IT industry. The park will be self-sufficient with all available integrated options like fully developed state-of-the-art office spaces along with needed social infrastructure.
Care, just round the corner
Residential projects in the region
The 8-lane Noida-Gt. Noida E' way Promises To Give Two Potential Locations A Realty Boost | 0 comments (0 topical, 0 hidden)
|
Menu+ submit article or question+ create account + Help - What is this site about? + Using The Free Member Diaries Related Links+ Gurgaon+ Delhi + apartments + Noida + real estate + Cricket + office space + USA + university + sports + QBTPL + The 8-lane Noida-Gt. Noida E' way Promises To Give Two Potential Locations A Realty Boost + Also by ugesh sarkar |