The NCR incorporates India’s largest urban crowd with a huge population of over 54 million residents. The booming industrialization and developments in the past few years has led to a remarkable population growth. On the contrary the real estate market in India has been stagnant for last two years. The sector had not witnessed much growth despite of the increasing industrialization.
In the event Greater Noida, has come up with a perfect example of well-planned township. It has emerged as the India’s smartest city and has succeeded in breaking the prevailing stagnancy.
The property in Greater Noida has been subjected to an appreciation of 36% this year. The sudden jump in the price values has added to the surprise of the people. An analytical report states that Greater Noida imparts an edge over other sub cities on the basis of the key benefits it shares.The city stands tall, being the hub of educational institutions .It features several renowned engineering, medical, law and management colleges like I.T.S Engineering, Lloyd Law College, Birla Institute of Management and Technology. Acclaimed Universities like Sharda University, Gautam Buddha University and Galgotias University are also there.Apart from quality higher educational organisations, several good schools are also there in the vicinity.
It is also very progressive in terms of industrialisation. A lot of good companies have their headquarters and spaces there like GSC Glass Ltd , Mansfield Cable.Co , Wipro Technologies , Spack Automobiles etc. Apart from education and industrialisation, it also provides best medical facilities. Max Multi Speciality Hospital, Green City Hospital, Astha Hospital are some of the good hospitals located in the region. Greater Noida is emerging as a self-sustained metro featuring world class facilities
Greater Noida enjoys as an excellent road connectivity. Located in the vicinity of PariChowk, Greater Noida is well connected to YamunaExpressway. The proposed FNG Corridor also lies on the verge of operation which is envisaged to complete much before the estimated time. The completion of the 56 km stretch would end up providing a robust and direct connectivity and cut down the hassles of massive traffic jams. The real estate market in Greater Noida is expected to boom exponentially in the coming year.
The much sought Noida expansion plan has eventually hit the ground which has led to the drastic appreciation. The construction of a 30 km metro line stitching Noida to Greater Noida has begun on Ground. DMRC has apparently announced the completion of the project is calculated much before the estimated time. The project has improved the future prospects of connectivity and has contributed majorly in the appreciation of the property prices. Once this project is completed, it is expected to set a bench mark in the Real estate in India. The property prices are envisaged to appreciate by 30 to 40% in near future which makes Greater Noida a great bet for early investors as well as the end users.