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A Ti m e s o f I n d i a P re s e n t a t i o n , D E L H I , S E P T E M B E R 2 5, 2 0 14 T I M E S P RO P E RT Y
[FAST FACT]
■ WITH ABUNDANT LAND
AVAILABLE, LOW PRICING,
GOOD CONNECTIVITY, AND
FAST DEVELOPING WORLDCLASS INFRASTRUCTURE,
GREATER NOIDA IS TODAY
ONE OF THE MOST
POPULAR DESTINATIONS
FOR HOMEBUYERS
The city is one of the fastest developing urban hubs in the country and provides good residential solutions to working people
Greater Noida best for
MID-SEGMENT BUYERS
QUICK
BITES
◗◗ THE AREA
BOASTS OF
GOOD
CONNECTIVITY
WITH NOIDA,
GHAZIABAD,
AGRA,
FARIDABAD,
AND NEW DELHI
ALONG WITH
GOOD CITY
PLANNING
◗◗ GREATER
NOIDA WEST
RESIDENTIAL
DEVELOPMENT,
SEZS,
COMMERCIAL,
RETAIL, AND
HOSPITALITY
INFRASTRUCTURE
ALREADY IN
PLACE HERE
HAVE MADE
GREATER NOIDA
A BEEHIVE OF
ACTIVITY
Greater Noida is an affordable housing hub in the NCR for middle-class buyers and a good quality flat in a decent locality here is available in
the price range of Rs 3,500-4,500 per sq ft. ABHIGYAN writes
G
reater Noida, located in
Gautam Buddh Nagar
district in Uttar Pradesh,
is considered as one of
the best realty hotspots
for commercial and residential properties in the NCR, in terms of
planned infrastructural development of
the city and connectivity.
The city is one of the fastest developing urban hubs in the country
and provides good residential
solutions to working people.
Also, as a number of corporate
houses have chalked out plans
to start offices here, the city
would provide good employment opportunities to the residents.
Greater Noida is also an affordable housing hub in the
NCR for middle-class buyers.
Here you can buy a good quality
flat in a decent locality in the
price range of Rs 3,500-4,500 per
sq ft.
With abundant land available, low pricing, good connec-
NAVARATRA SPECIAL
tivity, and fast developing world-class infrastructure the area is today one of the
most popular destinations for homebuyers.
The area boasts of good connectivity
with Noida, Ghaziabad, Agra, Faridabad,
and New Delhi along with good city planning; there is a service lane on every major road and many property consultants
consider this fast developing city as a role
model for urban development.
Rama Raman, the chairman and CEO
of Greater Noida Industrial Development
Authority (GNIDA), says: "In order to
promote planned urbanization in close
proximity to the national capital, large
chunks of agricultural land have been acquired in recent years at strategic locations. Globally acclaimed private players
in Indian real estate have been constructing world-class residential towers and
high-end commercial complexes and office hubs throughout these newly acquired lands."
The residential and commercial policies of GNIDA have led to rapid developmental activities in this area. With the
coming of quality infrastructural facili-
There is a plan to run a
60km-long, fast Metro
(Airport Metro), which will
directly connect Greater Noida
to the IGI airport. This will
reduce the commuting time to
only about 50 minutes; the route
wiill connect Greater Noida to
Chhatarpur.
Rama Raman |
Chairman and
CEO, GNIDA
ties, the place has been considered as one
of the best destinations in the NCR.
Greater Noida has some of most eagerly awaited world-class projects coming up
in the area like the Night Safari and a
transport hub while Gautam Buddha
University, the 165km-long Yamuna Expressway, Buddha International Circuit,
etc, are already operational.
Major world-class realty projects of top
developers like JP Group, Amrapali, ATS,
Antriksh, Omaxe, Supertech, Gaursons,
Paramount, Ajnara India, Eldeco, Parsvnath Developers, Cosmic, Vardhman, etc,
already dot the skyline of the city.
Connectivity
To improve the city-level development,
GNIDA is planning to step up the pace of
infrastructural development.
"There is a plan to run a 60km-long,
fast Metro (Airport Metro), which would
directly connect Greater Noida to the IGI
airport. This would reduce the commuting time to only about 50 minutes; the
route would connect Greater Noida to
Chhatarpur through Bodaki, Pari
Chowk, expressway's Sector 93 and
Badarpur," Rama Raman said.
Vineet Gupta, the director of Ajnara India, says: "There has been world-class realty development in Noida and Greater
Noida over the last five years. In order to
cater to the popular demand for housing
in various segments like affordable housing, luxurious villas, ultraluxurious flats,
studio apartments, etc, a variety of residential constructions in select sectors of
Greater Noida West best for
AFFORDABLE HOUSES
With massive infrastructural work in progress, Greater Noida West is in the limelight for its residential
and commercial hubs, which offer end users and investors some of the best deals in the whole of the
NCR. TEAM TIMES PROPERTY writes
G
reater Noida West, earlier known as Noida
Extension, is the hub
of affordable housing
in the real estate market of the Delhi NCR.
With the kind of development taking
place here, property prices have appreciated by more than 15% in the past
one year.
Why Greater Noida West
According to experts, the future of
this area is bright and buyers have already started reaping benefits in terms
of appreciation in property prices.
The development authorities are
swiftly laying out the basic infrastructure like water, roads, and electricity. A
green belt has been set aside for peaceful and healthy living and connectivity
is going to be smoother once Metro
rolls out in a couple of years. The area
is already well connected to Delhi
through Noida.
Compared to other places of the
NCR like Gurgaon, Faridabad, etc, the
fast developing Greater Noida West is
well planned in terms of wide roads,
basic infrastructure like hospitals,
schools, and educational institutions,
and commercial sectors.
And, in terms of price,
this area is much more
affordable than any
QUICK
BITES
There is a blend of
investors as well as end
users in the buyers of
property in Greater Noida
West. However, the working
class of the Delhi NCR
comprises the majority of the
buyers due to the affordab
ble
prices here.
Deepak Kapoor
| Gulshan
Homz
other real estate destination of the Delhi NCR.
Greater Noida West is spread over
nearly 3,635 hectares (8,980 acres) and
is around 4-5km from Sector 121, Noida. The road from Sector 121 will pass
over Hindon river and reach Sectors 1,
2, 3, 4, 16B, 16C, 10, 12, Techzone,
Knowledge Park 5, etc.
Today, the area is buzzing with activity with almost 75 developers ready
with a slew of projects offering 1-, 2-,
and 3BHK flats, villas, and independent floors at affordable rates. One estimate says that the developing area
would potentially cater to a population of over 10 lakh in the future with
◗◗ GREATER NOIDA WEST IS OVER NEARLY 3,635 HECTARES (8,980
ACRES) AND IS AROUND 4-5KM FROM SECTOR 121, NOIDA
◗◗ ONE ESTIMATE SAYS THAT THE DEVELOPING AREA WOULD
POTENTIALLY CATER TO A POPULATION OF OVER 10 LAKH IN THE
FUTURE WITH AN ESTIMATED 2.5 LAKH BUILT-UP HOUSES SET TO
BE DELIVERED IN THE NEXT TWO-THREE YEARS
an estimated 2.5 lakh built-up houses
set to be delivered in the next twothree years.
Price segment
Despite problems like the recent
land row due to dissatisfaction over
compensation in the land acquisitions
by the development authority, Greater
Noida West has seen a remarkable
price appreciation and prices are expected to double in the next three-five
years when the entire development
Pics: Deepak Sharma
Greater Noida have already come up."
Realty development
One of the most attractive features of
the township is its world-class golf course
over 400 acres, developed and managed by
Jaypee Greens. Apart from the premium
projects of villas and apartments being
developed by Jaypee Greens inside the
golf course, a number of well-known developers like Era Landmarks, Vardhman,
Supertech, Antriksh, Amrapali, Ajnara,
Logix, Ansal, Unitech, Omaxe, Parsvnath
Developers, Earth Infrastructures, ATS
Infrastructure, Assotech, Paramount, etc,
have marked their presence here with several high-quality projects.
Knowledge Park area, especially KP1,
KP2, KP3, and KP5 in Greater Noida, has
been developed as educational, institutional, commercial, and IT-ITeS hubs. A
number of educational institutes like
Sharda Medical College and Hospital,
Galgotia institute, Birla Institutes of
Management Technology, NIIT, GNIT,
ITS, SG Micro Software, etc have already
come up in this area.
starts taking proper shape. Customers have already seen an increase of 100% in rates.
Buyers and end users who can't afford to purchase a house or are looking for 2- or 3BHK flats in Noida can
certainly come to this newly developing area. Here the prevailing rates
of property are between Rs 2,600 and
Rs 3,500 per sq ft and realtors dealing
in this area are registering a large
number of transactions.
Manoj Gaur, the MD of Gaursons
India Ltd, says: "The housing demand in Greater Noida West is definitely very high as the region offers
prime housing solutions that range
from affordable to luxurious options.
Prices are fast picking up and some of
the projects in this area achieved an
appreciation of 25% over their start-ofyear values. Infrastructure has improved drastically and now includes
expressways, major road networks and
Metro connectivity. It is well connected
to Noida and Delhi and one does not
feel that one is living in a far off place."
Deepak Kapoor, the director of Gulshan Homz, says: "There is a blend of
investors as well as end users in the
buyers of property in Greater Noida
West. However, the working class of
the Delhi NCR comprises the majority
of the buyers. We receive a huge clientele from the Delhi NCR due to the affordable prices here. We see a lot of
end users working in areas like Delhi,
Noida, and Greater Noida, who commute from here on a regular basis."
Metro connectivity
Greater Noida West promises good
connectivity to Greater Noida and Noida as well as Delhi. With the proposed
Metro line coming to Greater Noida
West connectivity would only improve
for the residents of the area.
To provide direct connectivity, the
existing Sector 32 Metro line will be extended up to Greater Noida West
through Sector 72. The 7km-long
stretch would cost around Rs 1,400
crore of which Rs 1,100 crore would be
shared by the Noida and Greater Noida
authorities, depending on the territory
falling under their jurisdiction.
At least two stations have been proposed to be built on this line. The City
Centre Metro station, which is proposed to link Sector 62, would branch
out at Sector 71 to take the line till
Greater Noida West.