Greater Noida, Noida and Yamuna Expressway are aiming to be the examples of planned urbanization in the country. Except these, the authorities of Ghaziabad and Gautam Budh Nagar are proposing variety of alternative large planned developments within the NCR. On the full, the area is probably going to witness an unprecedented new growth in the returning times.
The new incumbent’s decision to continue with the planned developments on Yamuna Expressway and Noida City Center and also the huge townships on NH-24 and Dadri could be a clear indication that the model of planned urbanization can continue in the area. The proposed planned developments won't solely facilitate within the optimum utilization of land in maximizing growth however will facilitate in containing the costs of property in Greater Noida and Noida. The large provider of land in Yamuna Expressway, Greater Noida and Noida is already serving to keep the real estate costs below check in the NCR, compared to those in other parts of region.
Besides Jaypee, variety of developers are allotted land to develop townships and alternative housing property in Greater Noida on the Yamuna Expressway. An officer of the Yamuna Expressway authority stated that Orris, Silver Sands Estate, Anushria Realtors, Supertech, Ajnara, SDS Infrastructure, Anova Infracon, Aminiti Builders, Nimbus and Fab Distributors are the outstanding developers allotted land in the area.
The construction of Yamuna Expressway by Jaypee Group can go a long way in the urbanization of Greater Noida and also the Agra corridor. The 165 five km-long nonstop Yamuna Expressway, that is probably going to become operational soon, is one in every of the longest access-controlled six lane rigid pavements in India. It'll offer direct access to the Yamuna Economic Zone, aviation hub and the international airport, that are planned on the Yamuna Expressway. The Yamuna Expressway was one in every of the key infrastructural properties of the previous Layaway government in UP and besides connecting Delhi to Agra through the Noida-Greater Noida Expressway, it'll bit 1,182 villages of Hathras (Mahamaya Nagar), Gautam Budh Nagar, Aligarh, Bulandshahr and Mathura district.
The expressway will ease traffic on Delhi-Agra NH-2, that is already full and runs through the hearts of cities like and Mathura, Palwal, Ballabhgarh and Faridabad. The Yamuna Expressway can scale back the time period between 2 cities — National Capital New Delhi and Agra city — to around a hundred minutes from the current nearly five hours. Bobbing up on the planned Taj Economic Zone and also the Taj International Hub Airport and being among simple reach of Greater Noida, Noida and Delhi, the Yamuna Expressway project can accelerate the development of the region.
With improved connectivity, a Special Development Zone is being developed between the Yamuna and also the GT Road, in 3 phases. The authority has already acquired land up to Jewar and has handed it over for development to developers. Out of 35,000 hectare area unit, 35-40 percent of the area are developed for main activities like trade, academic establishments, IT, transportation, warehousing, sports facilities and allied services.
The infrastructure on the expressway may additionally trigger more private development and buttress the plans to line up an international airport on the expressway. However, the government has invalidated its plan to develop an airport at Jewar, individuals involved in the development of the area say that the airport is viable at Jewar alone.
The UP government’s decision to widen the NH-24 to eight lanes can offer a large boost to the availability of residential property in Greater Noida and Noida. The NH-24 connects to Nizamuddin Bridge on Yamuna to Mayur Vihar Phase II, Indirapuram, Patparganj, Crossings Republik, Noida, townships of Ansal API and Wave City. This may conjointly improve the property of the planned mega townships in Noida Extension. The planned widening of the NH-24 can reduce the time period of more than one million individuals living in these urban centers.
The new UP government has conjointly taken keen interest in resolving the land acquisition problems in Greater Noida Extension, that was moving the development of around 2 Lac residential units. It's believed that the final approval of the plan from the NCR Board is expected any time, which can pave the means for the recommencement of construction within the region.
The Noida authority is additionally learned to be within the method of clearing the building plan of the Noida City Center. The project is over a hundred and sixty acres within the heart of Greater Noida. This may further enhance the attraction of Greater Noida in the NCR. Out of a hundred and sixty acres, 152 acres are being developed by Wave City Center. In the 1st phase, which can be completed by 2016, Wave Infratech can construct around 1400 apartments and malls with shopping area of 20 Lac sq ft unit.
With these types of development, Greater Noida, Noida, Yamuna Expressway and alternative parts of Ghaziabad and Gautam Budh Nagar can still offer a large chance to end users as well as investors. With such vast land banks obtainable at a commutable distance from Delhi and Noida, the region can still be the hub of activities within the real estate sector.