Friday, 3 April 2015

Push on connectivity with Delhi to boost Noida realty

As it is always said, Noida has better inter-city connectivity than any other satellite town; it seems the Noida Development Authority is all set to play big again to improve its accessibility from the capital city to attract those having offices in Delhi and Ghaziabad.

If sources are to be believed, Noida Authority has initiated tenders to build two flyovers to provide commuters a signal-free ride from Sector 10 to Sector 12. The 1.5km elevated corridor will also provide relief to motorists travelling from Delhi on the DND flyway, and those going to Ghaziabad via. NH-24.

Not only this, two more projects are in the pipeline to decongest the busy stretch of NH-24. One of them is an Rs 112 crore underpass which is being built at the Model Town crossing on NH-24 and second project to build four clover leaf flyovers, taking traffic from Noida's Sector 62-63 to Ghaziabad and Delhi.

Will improved connectivity do any good?

“Currently all the entry points of Noida from Delhi and Ghaziabad are traffic bottlenecks and takes almost 15-20 minutes to cross the 500 meter stretch. This has kept the buyers like me to stay in Delhi on rent. The improved connectivity would make traveling easy,” says Waseem Khan, one of the residents of Delhi who often travels to Noida for business meetings.

Moreover, another metro line connecting Botanical Garden to Janakpuri will be an added advantage as it would pass through South Delhi, one of the retail markets of Delhi, employing thousand of workforce.

This improved connectivity would give easy access to new housing stock in Noida where rents are currently affordable and have more quality constructions and open spaces.

For Investors:
It is not a hidden fact that investors from outstation are also putting their money in Noida realty. Although the rate of appreciation has not been so aggressive, buyers here are optimistic of finding end-users for their property.

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