Real Estate Projects Served by Noida Expressway: Review by ANAROCK Property Consultants

Real Estate Projects Served by Noida Expressway: Review by ANAROCK Property Consultants

Noida Expressway project was announced and optimism among everyone connected to this project was sky-high. However, as the project was delayed and real estate sector witnessed a slowdown, many real estate projects having direct connectivity via Noida Expressway, suffered. Real estate developers weren't able to complete the projects on time and many of them are still in different stages of developments. End users were left stranded and many residents associations requested help from the court. A detailed review of Noida Expressway and future expectations from the region, by Sadiq Din, City Head – Noida, ANAROCK Property Consultants follows......

A 25 km-long high-speed link, Noida Expressway connects Delhi with Noida and further to Greater Noida. The expressway was primarily built to reduce congestion on NH-2, which passes through NCR cities like Faridabad, Ballabhgarh and Palwal. Noida Expressway comprises of Sectors 44, 93B, 94 to 96, 98, 100, 104, 107, 108, 110, 127 to 129, 131, 133 to 135, 142 to 144, 143B, 146 to 149, 152 to 154, 157, 159, 161, 167 and 168.

Noida Expressway has seen a lot of market hype, and the corresponding expectations for a stretch that actually had very humble beginnings were high. A few decades ago, most of these sectors along the expressway were huge tracts of agricultural land. Over the years, these land parcels were acquired by the civic authorities and auctioned to major realty firms. The land has been allotted on leasehold basis for a period of 90 years, after which ownership reverts to the civic authority.

Several multinational companies including BPOs and IT/ITeS firms have mushroomed along the expressway. The rise in commercial spaces coupled with excellent connectivity and regular infrastructure upgrades have led to rapid residential developments in the region. Noida Expressway actually has a lot going for it in terms of economic potential, as well as connectivity:

Road: Noida Expressway is a 6-lane road. Further, it connects to Yamuna Expressway (connecting Greater Noida to Agra) and the Delhi Noida Direct (DND) Flyway (to Delhi). The Faridabad-Noida-Ghaziabad (FNG) Expressway being constructed across Sector 143 of Noida Expressway is an added advantage to the existing road network.
Rail: The nearest railway station to Noida Expressway is Hazrat Nizamuddin railway station (located less than 20 km away) and New Delhi railway station at a distance of 25 km.
Metro rail: Noida Metro’s Aqua Line runs between Noida and Greater Noida and provides great connectivity to Noida Expressway.
Air: Noida Expressway is well-connected to the Indira Gandhi International airport (located 38 km away) via DND Flyway and Mahatma Gandhi Road/Ring Road.

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