Infrastructure boosts real estate in Greater Noida
Greater Noida has been observing rapid growth in terms of real estate and infrastructural development in the past few years.
After witnessing the successful upgradations of Noida, Indirapuram and Raj Nagar Extension, it seems that it is now the turn of Greater Noida, which is already an emerging industrial and educational hub in the National Capital Region (NCR).
Many projects coming up
Though the region remained untapped for a long time, there is a huge scope for development. Identifying this potential, in the recent times, many renowned real estate developers have been launching several residential, commercial as well mixed-use development projects in Greater Noida, which are currently in various stages of development. Many projects are still in construction phase while few are ready to move in. And the list of developers includes Amrapali, Ajnara, Supertech, Gaur, Jaypee and many biggies.
Infrastructure development adds huge scope
According to industry experts, Greater Noida holds ample scope for development and offers best deal for investment, mainly due to the level of infrastructure development it has been witnessing. In the past few years, the region is seeing key projects including metro connectivity, educational and healthcare sectors.
Owing to the large-scale developmental activities going on in this part, the region is likely to become a most-sought after destination for modern investors.
Metro network
Greater Noida Industrial Development Authority (GNIDA) believes that, once the development of roadways and electrical sub-stations is completed, metro connectivity will boost up the projects in Greater Noida West.
Currently, there are four metro projects – Noida City Centre to Sector 62 (6.7 km-long), Kalindi Kunj to Botanical Gardens (3.9 km-long), City Centre to Bodaki (30 km-long) and Sector 71 to Greater Noida West (7 km-long). It has also been planned to develop one more line, from City Centre to Greater Noida. The proposal is presently in the stage of seeking final approvals by the state government. The state and central governments will share 50 percent each of the funds spent on this project.
As a number of residential projects are being launched in Greater Noida West, the Metro project will attract other development projects as well to the region.
Developers prefer to give more
Rather than only offering modern amenities and luxury facilities to homebuyers, developers are focusing on ultra-luxurious amenities and offering seven star hotel facilities in their projects, where one can find everything under a single roof.
Government authorities contribute to growth
The rapid growth recorded in this region has also attracted the concerned authorities to work on the infrastructure development. The authorities are working towards the power supply, roads, and other civic projects.
With so many developmental activities going on and being planned, the region is expected to witness increasing demand for electricity. Observing this demand, the Authority has even proposed to allocate Rs 500 crore to the electricity department in order to upgrade the power supply to Greater Noida.
Safety stands first in today’s world, especially when such high-end developments have been proposed in an area. In this regard, the GNIDA has requested the state government to employ 80 traffic constables and sub-inspectors and 500 constables to maintain security of the region. Other security measures such as installing CCTV cameras at traffic signals have also been initiated to ensure better safety.
