Upcoming Metro Lines to Boost Greater Noida Real Estate

Greater Noida is a part of the Delhi National Capital Region. It is one the planned suburbs of this region. It belongs to Noida and is connected to this area through the Noida Expressway which is a 6 lane expressway. The area is also connected to Agra via the Yamuna Expressway. The area was developed keeping in mind the fact that Delhi was rapidly expanding owing to the economic boom witnessed by the country in the 1990s and it would not be able to handle the influx of the migrant population.

Greater Noida real estate is driven by factors such as infrastructure, connectivity and affordability. Since this is a planned suburb there is no hassle when it comes to roads. Usually with unplanned development the roads will be narrow and will not be able to accommodate the demands of a growing population. This is not the case with this city. The roads here are wide and well laid out plus all major roads come with a service lane.

Connectivity wise as well Greater Noida scores. It is well connected to Noida and Delhi through the Noida Expressway which in itself is an upcoming real estate hub. It also has the added advantage of being connected to Agra as well through the Yamuna Expressway. Besides these connectors a new metro link from Noida to Greater Noida has been approved by the government. This metro link will play a crucial role in driving the real estate prices upwards. Greater Noida real estate will get a big boost from this project. Metro connectivity always pushes real estate value sky high. The link is set to be a 30 km line which beings from Noida City Centre extends up to Greater Noida with the terminus being Knowledge Park IV. There will be a total of 22 stations in this line with five stations being in Noida alone. The apartments for sale in Greater Noida with a two kms radius of the stations will see a price appreciation of about 25 to 30 % when the metro comes into play. The stations will be located at Knowledge Park II, Pari Chowk, Sectors Alpha 1, Alpha 2 and Knowledge Park IV. The metro's impact will not only be restricted to residential real estate it will also be felt on the commercial real estate as well.

Besides this there is also talk of linking the Indira Gandhi International Airport with Noida through a metro line. According to recent reports the feasibility study around this project has been completed and a detailed report is being put together. The line will cover 66kms and will have about five to six stations.

The area is also very affordable when compared to Noida. The going rate for apartments in location is anywhere between INR 2800 to INR 3500 per square feet. Keeping in mind all the infrastructure projects that are coming in, the time is right to purchase property in Greater Noida for both investment and end use.

Sulabha Kulkarni is a freelance writer and an avid blogger, following the flats for sale in Noida real estate sector closely for many years. Her areas of expertise are finance and real estate sector in India

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