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Infrastructure Progress to Shove Yamuna Expressway Realty

August 6, 2014



Noida and Greater Noida have acknowledged an expected Rs 6,000 crore in the new Budget 2014 to improve the road and rail network in the area. This is predictable to give a boost up to real estate prices that have remained sluggish for a while. A few years back the swearing in of 
Yamuna Expressway boosted the real property market of Greater Noida and areas neighboring the expressway. At present, new infrastructure projects are likely to be a focus for the further investments.
Let’s discuss the infrastructure projects which are likely to be finished in the coming future:
 
Metro Rail Gets a Nod
Metro connectivity to Yamuna Expressway has got a green signal from the Yamuna Expressway Industrial Development Authority (YEIDA). The metro rail will run from the proposed metro station at Pari Chowk till Yamuna Expressway Sector 18 and 20. These are the 1st inhabited sectors urbanized by the authority and at present are under construction.
 
Hospitality
Yamuna Expressway will soon open its doors to quite a few 5-star hotels. According to recent reports, a leading hotel group has collaborated with a Delhi-based real estate group to develop a 150-room hotel on the Yamuna Expressway by 2018. Apart from this, many other hospitality majors are coming up with properties on the Yamuna Expressway.
 
Physical Transportation
Upgradation of internal roads has already on track in this region which will join all the housing sectors. Internal roads are running contagious to the Yamuna Expressway. Once the erection of roads is complete, accessibility will get superior for those sectors that are still under growth.
Corporate majors, universities.
NIIT has a business office here that’s broaden across 650-acre. Numerous added large companies are also making their way to this quick rising area. IT biggies like Infosys and Wipro have previously bought office space here.
 
There are 3 universities which are present in the locale – GautamBudh, Galgotia and Noida International – 2 more are wished for.
 
Real Estate Senario  
There has been no major change in capital values as compared to the last quarter. Data divulge that standard property rates in the area in the Jan-Mar 2014 quarter were Rs 2,900 per sq ft, while in the present sector they have lessen to Rs 2,800 per sq ft.
With major infrastructure development initiatives in the pipeline, the area is expected to observe cost approval in the near future. People who are looking for the long term investment, this is the ideal choice that they can consider.

 

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