Thursday, 9 May 2013

House Hunting Trend: Living in Noida

Noida-Greater Noida Expressway continues attract investors to invest in the new residential property in Noida due to the infrastructure and good connectivity of the area.

Demand for new residential property in Noida, which further connects to the 165km-long Yamuna Expressway, is increasing at a tremendous pace.

The main advantage of living along this passage is the quick access to Noida and Delhi through one side and to Greater Noida through the other.

Most of the developers are launching or have launched large housing and township projects on this stretch, which is a very good opportunity.

Professionals are seeking out Noida Expressway as a good destination for investment purpose, as the area is giving back good returns, according to experts of the industry.

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 KalindiKunj 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.

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