Future Prospects of Greater Noida West

Greater-Noida-WestAfter a long lull in the real estate sector, a sudden spurt in sale of houses in Delhi-NCR is being witnessed at present. Out of the upcoming and developing areas of NCR, Greater Noida West has emerged as the best option for investing in property, promising a bright future in terms of living as well as appreciation in prices. It has become a hot spot for real estate investments in NCR due to the following reasons:

Clear Legal Status

The land under development of Greater Noida West was mired with legal controversies since past many years. But the landmark judgment of the honorable Supreme Court on 14th May 2015 dismissed petitions by farmers who had challenged the land acquisition by UP Government for construction of apartments in Greater Noida West. With this judgment all legal troubles have been laid to rest, creating a positive sentiment and triggering demand for houses in this upcoming modern area of NCR.

Seamless Connectivity

Greater Noida West runs parallel to Noida sectors and is connected to Noida City Centre by 130 meters wide 6 lane road. It is well connected to NH-24, Noida, Ghaziabad as well as Greater Noida, through expressways and multi lane sector roads. Metro connecting all parts of Greater Noida West with Noida and Greater Noida has been approved. Being very close to FNG Expressway, Greater Noida West is well connected to Delhi too.

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Excellent Civic Infrastructure

Spread over an area of 9000 acres, Greater Noida West is one of the best planned regions of NCR, with a comprehensive Master Plan for Urban Agglomeration. The city has well developed civic infrastructure, comprising of an excellent road network, drainage, sewerage, water supply and underground power infrastructure, with a futuristic vision.

The road network has been planned in a manner that the area does not require traffic signals with a minimal possibility of roads getting choked. The minimum width of the sector roads is 12 m, which is more than that in Gurgaon. Moreover, it is one of the most well planned regions in the NCR, with 22% green area, the highest in NCR.

Commercial Development

Greater Noida West boasts of well zoned-out commercial and industrial regions, attracting corporate houses and MNCs for setting up their offices and facilities. Numerous Commercial Spaces and hotels are coming up in the area, besides IT parks and Knowledge Park 5. The commercial development is now poised for a leap after the approval of an International Airport on the Yamuna Expressway,

Most Affordable area of NCR

With the prices touching very high levels in the Delhi, Gurgaon and Noida markets, Greater Noida West can still be considered an affordable location in NCR with units prices ranging in an average of INR 3,000/- to 4,000/- per sq. ft. Unlike other areas, Greater Noida West is inhabited, with thousands of families regularly moving in.

Due to the above reasons, more and more customers are flocking to Greater Noida West to buy their dream home. With an increase in demand, the prices are bound to escalate in the near future, leaving the buyers with a last chance to buy a home in this upcoming area of NCR, that too at these affordable prices.

5 Responses to Future Prospects of Greater Noida West

  1. BRAIN says:

     Yamuna Expressway is becoming a hub for the real estate investors; the projects here are available at affordable prices. The fact that the land prices are still low as compared to Noida and Greater Noida makes it an ideal location for long-term investment. However, one has to keep a minimum five year horizon to see the appreciation in prices.

  2. Noida extension is wisely planned so it break all the rumors of stereotype community, the area is little cornered from the main city but in future it is going to blossom.

  3. thanks for nice information.i

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