Everything you need to know about the Noida-Greater Noida Expressway
The Noida-Greater Noida Expressway is a six-lane roadway that connects Noida’s Mahamaya Flyover to Greater Noida’s Pari Chowk. Sectors 100, 135, 144, and 150 are only a few examples.
While the motorway has piqued the interest of homebuyers and developers due to low land prices, other infrastructure developments such as the under-construction Jewar Airport, the Faridabad-Noida-Ghaziabad (FNG) Expressway, and the Aqua Metro Line have also helped shape the demand for the micro-market. Bearing these considerations in mind, below are some Q&As that outline the residential environment of the area.
Do you want to live near the Noida-Greater Noida Expressway?
The Noida-Greater Noida Expressway belt has emerged as a luxury neighbourhood, with purchase prices ranging around Rs 6,400 per sq ft and monthly rentals for a 2 BHK property average approximately Rs 17,000 per month. The housing inventory in the corridor’s sectors includes a wide range of property types. Nevertheless, residential flats account for over 60% of the stock, with plots accounting for approximately 30% and independent dwellings accounting for nearly 10%. Apartments with three bedrooms are the most preferred among homebuyers along the Noida Expressway. According to the ads, over 70% of these houses are priced around Rs 50 lakh and Rs 1.5 crore.
What makes the Noida Expressway property market so appealing?
With the exception of providing consumers with a variety of alternatives, the Noida-Greater Noida Expressway appears to have benefited from an increase in housing values. The purchase price of houses in this area has climbed by an average of more than 10% every year, with Sectors 93B, 107, and 108 seeing roughly 40%, 30%, and 25% YoY increases, correspondingly. The location has also produced favourable Returns on Investment (ROI), with over 15 sectors surrounding the motorway producing a reasonable yearly rental yield. Sectors 99 and 168 provided around a 10% yearly rental income, while Sector 107 supplied about a 5% yield year on year.
The highway has also enabled the growth of various business centres, including Candor TechSpace, Advant Navis Business Park, and Logix Techno Park, making it an investment hotspot.
What are the finest real estate alternatives for buyers near the Noida-Greater Noida Expressway?
End-users looking to invest in areas near the Noida-Greater Noida Expressway have a variety of alternatives, including flats and independent houses in both ready-to-move and under-construction stages. According to insider reports, approximately 75% of the residential stock across property kinds is ready, with the remainder under construction.
What are the greatest apartment developments along the Noida Expressway?
The Noida-Greater Noida Expressway micro-market is densely packed with residential complexes. Conversely, certain housing complexes in the neighbourhood have shone out from the others, receiving ratings of four and higher from previous and current inhabitants who live in these communities as renters and owners.
What are the finest low-cost homes near the Noida Expressway?
According to studies, the residential properties along the Noida-Greater Noida Expressway are predominantly in the mid-segment, with fewer than 5% of affordable housing inventory available. Residential plots, 1 BHK and 2 BHK apartments are the most cheap properties. Apartments cost between Rs 6,000 and 20,000 per square foot, while plots cost between Rs 11,000 and 14,000 per square foot. ATS Infrastructure Limited, Gulshan Homz Builders and Developers, and Omaxe Limited are among the builders offering cheap projects along the area.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
