The Noida-Greater Noida Expressway, a 24-kilometre road connecting Noida and Greater Noida, has also emerged as one of the most favoured investment destinations for property in NCR. Moreover, apart from being a transport avenue, the expressway stands for economic development and easy access to the heart of Delhi and other significant areas of the region.
But what makes this region the market of real estate demand? Explaining why Noida Expressway is among the top locations for property investment. Now, without further ado, let’s explore the factors that fuel this real estate growth and why it’s the best time to invest in a residential property.
A Commercial and Residence Hub
The Noida-Greater Noida Expressway has attracted a number of multinational companies, making the area one of the most attractive for business. Major corporate players, including KPMG, Adobe, TCS, and Birla Soft, have established offices here, which has significantly boosted the area’s commercial growth.
Their presence has brought about increased demand for residential units due to the presence of these corporate giants. The working professionals in these corporations are now seeking houses close to their places of work, giving rise to the demand for houses. This has led to developers providing people with a range of housing units that people can afford according to their standards and needs.
Homes For Every Lifestyle
The most interesting feature of the Noida Expressway is that it provides residents with all categories of residential units. Such accommodations range from budget-friendly apartments, rentals, and guest houses to luxurious villas and gated societies. Not only working professionals from the middle class but also the elite class or the highest earners will find something to indulge in on the expressway.
Due to this growing demand for space along the expressway, accommodation facilities like luxury hotels, classy restaurants, and luxury shopping malls have also been developed along the route, making the area a well-rounded community that provides comfort and convenience.
Quality Infrastructure
The landscape and infrastructural development of the Noida Expressway are among the best spots for residents and commercial establishments. Sectors from Sector 129 to 150 comprise well-developed, classy residential projects that are well-managed and look lovely. Accessibility to crucial places in and around Noida, Greater Noida, and Delhi is yet another major advantage, as the expressway enables one to quickly commute to work or any other essential place.
Top-Notch Social Infrastructure
Let’s also point out that the social infrastructure of areas located alongside the Noida Expressway is absolutely exceptional. The region boasts some of the best schools in the country, prestigious hospitals, shopping complexes, movie theatres, universities and other institutions nearby. This, in fact, makes living here not only easy but also satisfying in every aspect of life.
Upcoming Metro Connectivity
The extension of the metro along the Noida Expressway is also planned in the near future, which will add more connectivity to the area. Once functional, the metro will link up the expressway to other areas of the NCR, Gurugram, and Faridabad, bringing it even closer to residents of these areas. This will help increase the attraction of the given area, which will be even more attractive for businesses and residents.
A Developer’s Paradise
However, the Noida Expressway already has many infrastructural developments, and one would be amazed to know that there is vacant land available for future developments as well. This makes it possible for residents and commercial developers to secure land to use in the future years as the region develops.
Developers are constructing best-in-class apartments, including high-rises, villas for singles, and commercial spaces such as offices, schools, showrooms, and retail shops in Noida. This planned phased development has ensured the expressway remains active and dynamic for many more years to come.
Proximity to Delhi
Although the Noida Expressway covers Noida and Greater Noida, its proximity to Delhi is another attractive aspect. The expressway is just a short distance from the capital, with around 3 km of the stretch falling under Greater Noida. This makes it a good place for people working in Delhi who are in search of a calmer and more contemporary environment to live in.
Potential of Commercial Real Estate as an Investment Area
These days, people prefer investing in commercial property on Noida Expressway as it is gradually gaining popularity in the market. Modern business houses, IT companies, corporate offices, and coworking spaces are shifting towards the expressway, boosting the demand for commercial spaces. Now, it is important to highlight why investing in commercial real estate is beneficial in this regard.
High Rental Yields
On the commercial office segment in Noida, the rental yields ranged between 6% and 10% against a return of 2% to 3% from the residential segment. This makes commercial real estate a more lucrative investment opportunity for those who are in search of consistent income-generating investments.
Demand for Office Spaces
Since multinational companies entered India and Real Estate Investment Trusts (REITs) launched, there has been a high demand for standardised grade-A office spaces. Specifically, commercial offices in Grade-A buildings, IT parks, and logistic centres have attracted the attention of domestic and overseas investors.
REITs and Increased Liquidity
REITs have provided a much-needed source of liquidity to the commercial real estate market. This new investment vehicle has favoured developers in sourcing capital to finance commercial projects and attracted many investors to this segment. With the increasing popularity of REITs in India, the commercial property segment is likely to grow in the next few years.
Final Thoughts
Today, the Noida-Greater Noida Expressway is no longer just a highway with potential; it has become a full Residential and Industrial complex. It has world-class infrastructure, excellent connectivity and is located close to Delhi, which makes it a preferred location for investing in residential properties.
Be it a residential project such as Sikka Kaamna Greens in Sector 143A or M3M commercial projects in Noida, Noida Expressway has everything that everyone is seeking. As new developments are planned for the area and more people, both working and living, are demanding new places to build, it is the opportune time to consider real estate along this bustling strip.
