Are housing prices dipped on Noida Expressway
Noida Expressway also known as Noida-Greater Noida expressway is a 24.6 km, 6 lane highway which connects Noida and Greater Noida. It also connects with South Delhi via DND flyway and gives you smooth travel without any tie-up. Noida expressway starts from 16A film city in Noida and ends in Pari Chowk, Greater Noida. The expressway is well maintained and has a huge green space as green belt is present on both the sides.
Note: The image is for representation purposes not to scale.
In the above image the IT park and festival city are commercial sectors.
The expressway passes through residential, commercial and industrial areas. These sectors are 16A, 44, 92 to 100, 105, 108, 124 to 137 and again 142 to 168 and improves the connectivity. The projects present on either of its sides are ATS Greens Village, Supertech Emerald Court, Purvanchal Silver city, Omaxe Grand and Logix Blossom Zest.
Noida expressway is a beautiful location for residents because within 15-20 mins you’ll reach nearby hospitals, Malls, universities and schools. Big companies are also present here such as, KPMG, TCS, Samsung, Indiamart, etc.
Is Noida Expressway good for Investment?
We know about Noida-Greater Noida expressway now let’s understand how it’s beneficial in terms of Investment. Comparing the 5 year price trend of locations near Noida expressway.
Suppose the area is 1000 sq ft.
LOCATION | Av. Price of 2 BHK (Rs.) | Price per sq ft (Rs.) | Difference (2022-2018) | Difference % | ||
2018 | 2022 | 2018 | 2022 | |||
Sec 93, Noida | 75,00,000 | 73,00,000 | 7500 | 7300 | (-) 2,00,000 | 2.6% |
Sector 150, Noida | 60,00,000 | 63,50,000 | 6000 | 6350 | (+) 3,50,000 | 5.8% |
Sector 144, Noida | 49,50,000 | 72,00,000 | 4950 | 7200 | (+) 22,50,000 | 45.5% |
Sector 100, Noida | 58,50,000 | 70,00,000 | 5850 | 7000 | (+) 11,50,000 | 19.66% |
Sector 108, Noida | 61,00,000 | 77,00,000 | 6100 | 7700 | (+) 16,00,000 | 26.22% |
Sector 137, Noida | 55,00,000 | 53,00,000 | 5500 | 5300 | (-) 2,00,000 | 3.63% |
Sector 168, Noida | 50,50,000 | 53,00,000 | 5050 | 5300 | (+) 2,50,000
| 4.9% |
From the above calculation, it is visible that Noida expressway a good location for investment as well as end use because we took few location of Noida expressway and most of them showing price appreciation by 4.9% to 45.5% however, sector 93 and 137 showing a price depreciation by 2.6 % and 3.63% respectively while the project prices are increased by 9.5% in ATS Green Village, sec 93.
Summary
- Noida Expressway is well-maintained with ample green space, calm and less congested location.
- Noida expressway is good for end use- within 15-20 min you may access Jaypee hospital, Yatharth hospital, GIP mall, amity university, schools and the botanical metro station is only 15 min far which improves the connectivity of this location.
- It is also good for investment because most of the MNCs like Samsung and Indiamart are there which generates job opportunities which ultimately helps in increasing rental yield.
- If you invest here you may get nice price appreciation at this location.
- And the answer of the question “Are housing prices on Noida expressway dipped?” is NO. Prices are not dipped on Noida expressway.
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