Delhi-Noida metro has gathered incredible popularity over the last decade. It has connected millions of people and facilitated trade across regions in Delhi, Noida, Gurgaon, Ghaziabad, etc.
It is the cheapest and fastest mode of travelling. Looking at the high level of traffic, it drastically reduces the travel time and the traveler can now reach from Delhi to Noida or Gurgaon in less than 45 minutes. It has also helped small businessmen and traders in carrying goods from one place to another. Besides that, one extremely crucial aspect is the real estate prices. The Delhi-Noida metro has increased the real estate prices of the regions close to the metro line. Noida- Greater Noida metro is expected to be equally beneficial. This is because metro significantly reduces the travel time and costs for the resident; hence, they are ready to pay more for the same real estate property. Greater Noida offers some great properties with world-class features and amenities. Various multi-story apartments are being built by the builders.
A large number of people are also setting up homes in Delhi, Gurgaon, Faridabad and Ghaziabad, due to which, real estate demand in Noida, Greater Noida and Noida extension has reduced. Noida-Greater Noida metro, which is currently being considered, is expected to enhance the demand for homes in Greater Noida. There is a huge demand for residential localities close to the metro as it offers great convenience to all the residents. All development initiatives in Greater Noida are worked on by Greater Noida Industrial Development Authority (GNIDA).The NCR Planning Board has approved the Master development plan. This has led to social, cultural and infrastructure growth. Greater Noida Industrial Development Authority (GNIDA) has plans to extend the Noida city center metro line. This means extension till Noida extension, in collaboration with DMRTC and after that, till Boraki in Public private partnership (PPP) model. This will not only significantly reduce traffic, but also lead to more open spaces on roads. The quality of life will improve.
People working in Delhi can easily commute via metro. Even the students who study in Delhi can reach Delhi from Greater Noida in short time period for a small amount. The builders have great expectations with this Noida- Greater Noida metro. They are constructing homes which match world-class standards. They have all the necessary amenities and great architectural expertise has been used to construct them. A large number of investors will be comfortable in investing money into these real estate units. Just like the demand for homes in areas surrounding Delhi metro has increased significantly, the same effect is expected to be seen in Noida-Greater Noida. Once the home buyers are comfortable with the ease of convenience due to metro, they will surely invest in Greater Noida and Noida extension, even though they are quite far from Delhi. The property rates are extremely high in Delhi. So, once investors see Noida-Greater Noida metro line up and running, they will be attracted towards these regions and will buy home here, for both residential and commercial purpose. Thus, this metro will not only facilitate trade and commerce but will also provide a great residential option to professionals.
What are the options when you are buying a flat in Noida?
Buying a flat or an apartment is never is easy, in fact you always have to make sure that you are purchasing the best one. When you are buying a house, you are actually investing a lot of money in it. Hence, you must make sure that your money is being correctly invested.
Noida Is Paradise for Real Estate Companies
Many giant electronics and Information Technology companies have their office in Noida. So Noida is a populated area and population is increasing day by day.
