Inter-city connection via public transportation is the backbone of a city, influencing land value and real estate. Connectivity of the region via various modes of public transport has emerged as one of the most pressing issues of every human being.
Metro is more than simply a helpful hand for the people; it is a positive stride toward growth. We are all aware of how Noida, its reputation, and its real estate market have expanded dramatically in the previous few decades.
As the real estate market in Delhi grew saturated, investors relocated to realise their dream of owning office space in Noida. However, limited connectivity drove serious purchasers away because it was difficult to commute to other parts of Noida, such as Sector 70 and Greater Noida. This was another factor following the reasonable commercial property prices in these real estate areas, loved by investors and hoping to generate a rental return.
However, the situation has altered, and real estate on this side of the National Capital Region (NCR) has quickly risen from inexpensive to premium.
1. The Effect of the Metro Expansion:
The upcoming Metro has paved the door for new real estate developments in Noida, Greater Noida, and the Noida Expressway. This link would benefit commuters travelling from Delhi to Noida and Ghaziabad. Connection for Sectors 32, 34, 50, 51, 52, 61, 62, and 71 and those along NH-24 will also be improved. Daily commuters, particularly those heading to Greater Noida West and Greater Noida via the Aqua line, which is also expected to be operational by the end of this year, would benefit from this line.
Aside from that, the Metro expansion has introduced mid-segment property purchasers to the capable real estate markets of Noida and Greater Noida. Since commuting to various parts of the Delhi NCR would no longer be an issue once the Metro line is operational, numerous major developers from around the area have come up with their best projects in the region. While some are forming joint ventures with local developers, the branded ones are already obtaining property from the government.
2. Real estate development
With the introduction of Metro and production activity in full swing, the communities around the intended Metro station have seen a rise in property values due to the launch of new projects. Localities previously known for having inexpensive residences are now offering luxurious alternatives. Due to the Metro connection, the road that connects Sector 32 to Sector 64, which is the critical route to National Highway 24, has seen the most project launches. Many malls and entertainment opportunities have sprung up in this area, providing office space purchasers with lifestyle options.
With several offices and business establishments in this area, Noida’s Sector 62 has significantly contributed to the city’s commercial sector. Once the Metro expansion is operational, the catchment area for the business sector in surrounding regions will undoubtedly expand. This will raise housing demand because end users like to be close to their homes and office.
To sum up, in a region like Delhi NCR, Metro Rail has been a benefit, since travelling by Metro allows you to save a lot of time and avoid the hustle and bustle of commuting amid heavy automobile traffic. It is also more efficient and appropriate. The proximity to the projected Metro Rail connection and the proximity to the Noida Expressway have increased the value of property in Greater Noida.
The prices of commercial properties in Noida, notably in the sectors mentioned above, have steadily increased. The goal of this walk is to complete critical ongoing initiatives. Retail properties in Noida and upcoming properties in Noida in Sectors 75, 76, and 77 are also expected to climb sharply in price; this would also lead to an increase in residential property prices in that area.
Grandthum project by Bhutani Infra is one of the most suitable real estate investment options for those searching for commercial space in Noida. The direct connection with Ghaziabad, Noida, and Delhi provide travel easiness. Being the closest to the proposed metro station, Grandthum by Bhutani is an apt option to invest in Noida Real Estate.