subject: Greater Noida Witnessing Tremendous Growth In The Real Estate Sector [print this page] It has been seen that he city Greater Noida has witnessed tremendous growth in terms of commercial sector in the past couple of years. Due to the availability of large commercial plots at an affordable values , Greater Noida have seen to result in the growth of commercial properties. Greater Noida is known to be the most preferred location in India and is presently lining up with a trail of high end properties. In the last couple of years both industrial and commercial centres have changed the look of this grand city.
With the launch n the commercial segment from both local as well as prominent developer, the real estate developer has seen to be highly benefitted due to the advancement in number of sections. Being a well planned city, the Greater Noida is located 30 minutes drive from Delhi and the connectivity is through expressways. This city is known to be the hottest destination in the near future. Developers like Unitech, Jaypee and other have sniffed business opportunity and they have subsequently started building apartments, townships, independent houses and various other comfortable dwelling units.
Due to the launch of Yamuna Expressway and clearance of Noida Extension Projects, the real estate in Greater Noida are seen to have highly flourishing. The capital values of commercial property have almost been doubled in the past 2-3 years and are still appreciating. The residential property in Greater Noida in terms of both residential and commercial segments has been increased by an average of 12-15%. Enormous number of developers have been seen to be launching number of successful projects in Greater Noida. Omaxe Limited has successfully launched its upcoming projects Omaxe Connaught Place in Greater Noida and is known to be the Asias biggest commercial business centre. Other Greater Noida property includes Ecotech Cosmic Corporate Park, Knowledge Park etc. These projects have made the city an upcoming commercial destination. The capital values of office space varies from Rs 4,000 to 8,000 per sq ft.
The Real Estate in Greater Noida project which is located along the Noida-Greater Noida Expressway are integrated townships thereby offering golf courses in their developments along with their world class features. This Residential property in Greater Noida offers a resort like environment being designed with golfing fairways, pedestrian paths, energy efficient educational, tree-lined streets, site-lighting, medical centres and green-planted swales along the streets, golf-themed townships etc. The Master Plan-2031 of Noida allocates shows that over 40 sectors along the expressway have been divided into four major zones where 24.5 and 3.5km of the expressway falls under Greater Noida and the rest in Noida. Although all the projects over here involve high investment, targeting middle-class and limited-budget buyers and hence are developed in a 3-5km stretch along the expressway. It is well known that if you have a good real estate agent with you, you can surely find out a home that fits your budget and offers you excellent returns. hence, it is the pergect time to invest in the Greater Noida property.
With the successful launch of Metro rail services that has made easy and safe for the people to travel to Delhi and Gurgaon along with DND Flyway over the river Yamuna can take a person to South Delhi with only few minutes drive, smooth Yamuna Expressway that lessens the time and traffic to reach Greater Noida and Dadri are the main reasons for the increasing investments in the Real Estate in Greater Noida. On the Yamuna Expressway, Jaypee Group has laid major benchmark for the launch of the Residential property in Greater Noida. The company has the right to develop 2,500 hectares and is expected to consist of 1,162 acre parcels each at five different locations along the Yamuna Expressway consisting of one in Noida, two in Mirzapur and Jaganpur, as well as one location each in Tappal and Agra.
