Ever since the evolution of Noida Expressway,the real estate market here has only been up –treanding. A person who bought a 3BHK apartment in sector-82 a long ago. At that time, the apartment cost him a mere Rs. 20 lakh. Today, he can happily resides in that apartment with his family and boasts of owning a property worth Rs. 90 lakh in one of the most prime area along the expressway.
There are thousands of investors like him, who have made huge profits by investing in this goldmine on time. Noida Expressway has successfully provided healthy returns on investments in a long-term. According to the the builder, The expressway was ideally planned to provide seamless connectivity between Delhi and Greater Noida. However, the 24-km stretch not only eased travelling, but also triggered a wave of real estate development on both sides. The location has seen a healthy price movement since then. When the expressway was proposed, the property values hovered around Rs.1,500 per sq. ft. Today the average values stand anywhere between Rs.5,000-Rs. 7,000 per sq. ft., depending on sector to sector. Some of Commercial Property in that area is JC World, Sikka Kapital Grand many more. Among Residential we can say about Ajnara the belvedere, Ajnara Homes 121 etc.
According to Real Estate Market Reseach in 2016, Given the low property rates, Noida Expressway emerged as an end-users’ destination. However, with several semi-luxury, mid-luxury and commercial projects coming up in the course of time, the location has created immense potential for investors as well. Today, both, end-users and investors eye Noida Expressway as their potential destination for property purchase. Like in Project Urbtech Xaviers or Gulshan Botnia.
The major reason for the growth of realty market on Noida Expressway, so far, has been healthy demand and supply of residential projects. In addition to these factors, the future of this location is supported by developing by social and physical infrastructure, improving connectivity and growing job opportunities.
Author: Sumit Sighania
Sumit Sighania is currently serving the position of a Sr Executive – Content Developer at a3solutions.in. His responsibilities include writing and editing real estate content for the website. His main interests are photography, travelling and food.