The affordable housing sector picked up pace with the availability of affordable homes, effective public transportation networks, planned extension of Metro connectivity and massive infrastructure projects in the pipeline, Noida Extension is expanding in leaps and bounds. The real estate prospects here are auspicious as the region witnessed robust housing demand in 2019 and also remained a popular zone for new housing launches in the year. Previously, buyers remained wary of making a property investment in Noida Extension as several investors had uttered discontent over land acquisition for residential construction. However, after the Supreme Court terminated these requests in May 2015, the region witnessed a sudden exponential rise in property prices.
Key Feature Noida Extension
LOCALITY INTRODUCTION AND NEIGHBOURHOOD - The Noida Extension or Greater Noida West is a vast and developing micro-market of Greater Noida. Situated along the Noida-Greater Noida Link Road, its expanse from Gaur City in the north to Knowledge Park V in the south, and consists of various sectors namely Sector 1, 2, 3, 4, 16, Tech Zone, etc. Placed to the east of Hindon River (a tributary of Yamuna river), it is nearly 4 km from Noida Sector 121 and 122. Gaur Chowk is a main milestone at the entrance of Noida Extension. In the past few years, Noida Extension has shown noteworthy real estate growth across residential, commercial and retail categories.
PHYSICAL INFRASTRUCTURE - An important key factor strongly supporting residential and commercial growth in Noida Extension is its good connectivity with Noida, Greater Noida, New Delhi and Ghaziabad. The micro-market has well-developed and wide roads for smoother shuttle. Noida-Greater Noida Link Road, Bisrakh Road and Vikas Marg, are foremost roads in the region. Moreover, the permitted Noida Metro Phase 2 (Sector 71 - Knowledge Park 5) is likely to boost connectivity in the region.
SOCIAL & RETAIL INFRA - The micro-market of Noida Extension is perceiving steady development of social and retail infrastructure. Key infrastructural amenities easily available from here are Lotus Valley International School, Noida Extension, Greater Noida Ryan International Schools near Pacific Mall-Sahibabad Industrial Area Site 4, Pacific World School, Sarvottam International School., Max Multi Speciality Hospital Greater Noida, Gaur City Mall, Gaur City Plaza and Panchsheel Greenaria. Boulevard Walk and Galaxy Diamond Plaza, are amongst few under-construction malls in the locality.
NEAR BY EMPLOYMENT HUBS - Noida Extension is well-connected Community to various important job avenues in Noida as well as Greater Noida. Ecotech II and Ecotech III, are key industrial centres just 15-20 minutes from Noida Extension. Important IT parks and office spaces spread across Noida Sector 57, Sector 58, Sector 59, Sector 60 and Sector 62, are all placed within a suitable reach of 20-25 minutes. Companies such as Infogain, Genpact, EXL, iEnergizer, HCL, Barclays and IBM, operate from these Noida sectors. Noida Extension itself is undergoing development of commercial office spaces.
Greater Noida To Be Next Manufacturing Hub in North India
Purpose to begin their industrial units in India at an expenditure of Rs 800 crores, five Chinese firms are looking for land parcels in Uttar Pradesh’s Greater Noida. Previous, in September 2019, the state government administrators had visited China to entice investments from some of the quality corporate houses.
The GNIDA (Greater Noida Industrial Development Authority) has now received letters of intent of Holitech India Pvt ltd and its five other partner companies in this matter. The Holitech has previously invested Rs 400 crores, for setting up four units to production camera, mobile screens, fingerprint scanners, flexible printed circuit in Gautam Buddh Nagar and is scheduling to invest another Rs 1,300 crores, to expand its processes.