Main Roads

Delhi Metro (Operational)

Delhi Metro (Under Construction)

Corridor Boundary

1. Mahamaya Flyover

2. Amity University

3. GIP

4. Noida City Centre Metro Station

5. Kalkaji

6. Okhla

7. Akshardham Temple

8. India Gate

9. Connaught Place

Corridor of growthCorridor Description and Rating

N O I D A E X P R E S S W AY

Areas Included: Sectors 82, 86, 88, 93, 93A, 100, 104, 105, 106, 107, 108, 110, 124, 125, 128, 129, 131, 132, 133, 134, 135, 137, 138, 140, 142, 143, 143B, 144, 150, 151, 153, 154, 162, 165, 167 and 168

Fig 1: Map of corridor

Corridor of growth (COG)02

Properties available in the corridor

The corridor offers a significantly wide variety of price ranges, giving buyers plenty of options. Noteworthy is the fact

that more than 50% of the supply is priced between Rs 40-80 lakh. Over one fourth of

the supply is priced Rs 1 crore and above and is located near the start of the corridor, closer to Delhi. Most of what is available in the corridor is multi-storey apartments by reputed builders. Of this, mostly 2 and

3BHK apartments are available although there is sizeable supply of apartments with 4 bedrooms and above also. Very less amount of supply is available in the 1BHK type category. The corridor has been active for over a decade

About the CorridorAdvantage Noida: As one of the few planned Tier-I cities of India, Noida has grown well in the past two decades. It made true the dreams of lakhs of Delhiites, who wished to own a home but could not afford the sky-high prices and had to grapple with property transfer complexities. The well-planned Noida-Greater Noida Expressway Corridor provides plenty of land for development of offices, malls, schools, hospitals and parks. The city’s Master Plan ensured that almost half the corridor’s development is commercial or public utility (schools, hospitals, etc.) in nature.

Current Development: The corridor provides a host of infrastructure facilities, including Delhi Metro and the Noida-Greater Noida Expressway. While the metro has eased access to Noida, the expressway has become the lifeline of the city’s development. Apart from providing homes for the middle class, the corridor has also offered value-for-money commercial options to companies such as HCL, Cognizant, KPMG and Samsung

Upcoming Infrastructure: The upcoming

Metro will traverse the entire length of Noida within a year. One line will come directly from Delhi’s Outer Ring Road, catering to the northern sectors of the corridor. The second line will go towards Greater Noida, catering to sectors on the corridor’s other end.

Issues within the Corridor: The corridor still faces basic issues like some of the internal sector roads are yet to get street lights. With limited number of markets, residents drive to the Sector 18 market to shop. Moreover, few underpasses on the Expressway mean easy mobility is impeded. Builders have delayed a significant number of projects too. There are also a limited number of hospitals and schools catering to the middle class here.

Residential Landscape: As the corridor developed in phases, some sectors developed more than a decade ago, emerging as some of the city’s most premium localities. These include Sectors 44, 47, 93A, 99 and 100, which have plush bungalows and global-standard schools. The nearby sectors also benefited from it. While Sectors 44, 46, 47, 91, 92, 93A, 93B,

99, 100, 104 and 137 are mostly inhabited, other sectors adjacent to the Expressway will mostly be inhabited within the next 2-4 years. Sectors near the Expressway’s end and towards Greater Noida, such as Sectors 143, 144, 151, 152 and 168, will take some time before their social infrastructure develops. Proximity to the upcoming Metro and the developed areas of Greater Noida with many educational and commercial developments, will make them more habitable in 4-5 years.

Current Development Status: Close scrutiny of various projects reveals that almost all have completed more than 80% construction. For home buyers, this means that – as long as the developer has not stopped construction – the project will be delivered within the next 6 to 12 months.

Pricing on the Corridor: The Corridor has less expensive alternatives than those in Delhi and Gurgaon. The luxury apartments are available in the Rs 10,000-15,000 per sq ft range, while cheaper alternatives are available for as low as Rs 3,000 per sq ft.

Overall Connectivity Social Infrastructure Security/Water

Fig 2: Distribution of properties by price Fig 3: Distribution of properties by delivery status Fig 4: Distribution of properties by bedroom configuration

Corridor of growth (COG)03

The highest rental demand is being witnessed in Sector 137, which houses the metro station for the upcoming metro

and is expected to provide lots of benefits to residents. The sector also has a significant

number of ready-to-move-in properties. All the top sectors in the graph have at least one of the three advantages-proximity to Delhi, Noida Expressway or to the upcoming metro line. The presence of a number of offices here

has also helped the corridor in attracting buyers. The corridor has displayed slightly lower rental yields in the range of 2.5% to 3.2%, lowering the returns for buyers who are looking to rent out property post buying.

and as of now more than 60% of the listed properties are ready for possession. The under-construction projects are also mostly in the final stages of construction, although falling demand in the market and lack of money has led developers to stop construction on a number of these projects.

The corridor provides a wide range of choices

for each bedroom configuration with prices varying along the length of the corridor, falling as one moves south on it. The buyers are also showing interests here. While the range of apartment sizes is rather large, the majority of configurations of 1, 2, 3 and 4BHK units is around 700 sq ft, 1000 sq ft, 1650 sq ft and 3000 sq ft, respectively.

Sales Price Covered Area ( Lacs) (Sq.ft)

1 BHK 20-45 530-760

2 BHK 35-75 910-1,250

3 BHK 50-150 1,260-2,070

4 and Above 100-340 2,180-3,670

Best sectors to invest in a home Based on rental demand in sectors

Table 1: Sizes and prices of flats available for various room configurations

Based on home buying demand in sectors

Fig 5: Top 10 sectors by consumer for renting a house

Fig 6: Top 10 sectors by consumer for buying a house

Corridor of growth (COG)04

Best bedroom configurations to buy Preferred buying and renting options

Buying Renting Total (BHKs) Total (BHKs)

1 BHK 2% 1%

2 BHK 34% 39%

3 BHK 51% 53%

4 and Above 13% 8%

Table 2: Demand distribution for buying and renting

The home buying tendency follows closelywith the renting options available onthe corridor as all the localities

whichhave high rental demand in this corridor

will give better returns to owners and hence more people will be looking to buy properties in these localities. The rental accomodation in this corridor is quite reasonable and affordable

too. Consequently, eight out of the top ten localities by consumer searches for buying a house are in the top ten localities by consumer searches for renting in a house.

Given the relatively prime location of the corridor, there are very few units available in the 1 BHK category and the

demand for these is also very low. Most of the demand in the corridor is for 3 BHK units which have an average area of 1,650 sqft and constitute more than half of both the consumer buying and renting-in searches,

followed by 2 BHKs, which accounts for a third of the buying demand and almost 40% of the renting-demand is in terms of searches. The demand for 4 BHKs and above in the corridor is relatively less in terms of buying and is even lesser for renting-in. Moreover, the corridor is preferred by the home buyers both for buying and renting purposes.

Price changes and future prospects Historic Price movement

6 monthly change Yearly change

-1% -1%

Table 3: Historical Price changes

The prices in the Noida Expressway have been slowly declining due to lack of sale transaction. Although the corridor

has more or less arrested the fall in prices by reducing the supply in the corridor. Overall, the prices in the corridor remained stable between April 2015 and September 2015, before falling by 1% over the next six months. Overall, the prices are expected to remain stable for the next 1 year, before improving post completion of the Noida-Greater Noida metro line.

Fig 7: Historical Price changes of corridor

Corridor Average Price Rs/sqft

Corridor of growth (COG)05

Price movement for top localities by Consumer Preference

Of the top corridors by demand, sector 128 and sector 45, which are located on the start of the corridor and are

closer to Delhi border, witnessed a positive change in prices over the last quarter. Sector 134, which is also near the start of the corridor, witnessed a positive price change. On the other hand, the remaining two sectors which are further down the corridor witnessed negative change in the prices.

Fig 8: Price changes in top localities by consumer demand

Master Plan

The Corridor consists of a healthy mix of residential, commercial and institutional sectors with a few industrial sectors as

well in the eastern periphery. Most of the industries are cutting edge and should not affect the aesthetics of the corridor. Overall, development in the corridor is mostly in the residential segment with areas closer to Delhi already developed. These include premium residential areas like Sector 44, commercial & mixed-use (Sectors 94, 96, 97, 98, 105, 108 and 124) and institutional (Sectors 125, 126 and 127) in nature. Many sectors have villages located within them, as marked in the map, and will impact the overall aesthetics and general upkeep of the area.

Fig 9: Land use of various sectors in the corridor

Corridor of growth (COG)06

Infrastructure UpdatesNoida Greater Noida Metro

Particulars RemarksSectors 50, 51, 78, 101, 81, 83, 85, 137, 142, 143, 144, 147, 153 & 149.

Operational date June 2017

Construction completed (till Dec 2015) 15%

Length 28.8 Kms

Total Stations 22

While the Noida-Greater Noida Expressway provides great connectivity to the western side of

Noida, the inner sectors rely heavily on internal roads to manage connectivity. All this will change with the construction of the Noida Metro which will connect Noida City Centre to Greater Noida, going through sectors 50, 51, 78, 81, 83, 85, 101, 137, 142, 143, 144, 147, 149 and 153.The 28.8-km metro line is on an elevated track and is part of the Phase-IV of the Delhi Metro, providing connectivity to Delhi

Faridabad-Noida-Ghaziabad (FNG) expressway

The expressway has been long in planning and progress has been stagnant for some time due to land acquisition hurdles. Post

completion, it will provide direct connectivity between the east side of the cities located in East NCR namely Faridabad-Noida-Ghaziabad. In August, the Central Government indicated to give the Faridabad-Noida-Ghaziabad (FNG) Expressway the status of a National Highway and extend it till Sohna. As of now, the expected operational date for the completion of the expressway is far in future and should not much affect the present buying decision.

Particulars RemarksSectors 50, 51, 78, 101, 81, 83, 85, 137, 142, 143, 144, 147, 153 & 149.

Alignment (Uttar Pradesh) 19.9km falls in Noida-Greater Noida, 8km in Ghaziabad, while the remaining 28.1km is in Faridabad

Alignment (Noida) East face of Noida

Start of work 2008

Status Awaiting the Union Cabinet’s approval

Road status 56 Km stretch to be converted into a National Highway

Construction completed (till Dec 2015) 54% ( stretch falling in Noida)

Antriksh Grand View launched in Noida Expressway

Antriksh India has launched an incredible residential project by the name of Antriksh Grand View, which is being developed at Sector 150, Noida Expressway. The project will offer 4 BHK luxury apartments in two unit plans 1860 sq. ft. and 2250 sq. ft. The project is being developed in an area of 5 acres and will house 4 towers with around 288 units on offer. Each tower will comprise of 18 floors and house 72 units, making 4 units on each floor.

n Source: The Times of India

Noida Expressway: Market primed for express growth

Noida Expressway has emerged as one of the prime spots for investment and end use owing to its close proximity to Delhi The commercial and retail real estate will play only supplementary role to the dominant residential market here. The whole belt along the expressway has seen a sea change with world-class facilities and infrastructure sprouting all over the place, and connectivity getting a leg up with the 165km-long Yamuna Expressway (Delhi to Agra) becoming operational.

n Source: The Times of India

Free Wi-Fi on Noida expressway

Noida authority has come out with great news for the daily commuters of Noida expressway. The authority recently announced that commuters along the Noida – Greater Noida expressway will soon be able to enjoy free Wi – Fi connectivity. Wi-Fi access will be provided on the long stretch starting from the expressway entry near Mahamaya flyover, Amity Crossing and Pari Chowk. Further, the infrastructure installed for the Intelligent Traffic Management System will be used to roll out the public Wi-Fi on the 23.6km stretch.

n Source: The Times of India

Noida Expressway is a major residential destination

In recent years, Noida-Greater Noida Expressway has emerged as a major residential destination. The biggest advantage of living along this expressway is that you have quick access to South Delhi. The most important infrastructure development that will have a big impact on the lives of people living in this area is the expansion of Metro network from City Centre in Noida to Sector 62, Sector 71, and then to Greater Noida.

n Source: The Times of India

IN NEWS

Table 3: Faridabad-Noida-Ghaziabad (FNG) expressway details

Table 3: Noida greater Noida Metro details

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D I S C L A I M E R

Every effort has been made to make this report as complete and accurate as possible. MagicBricks accepts no responsibility for inaccuracies in the information/data contained in this report. It shall have neither liability nor responsibility to any person or entity with respect to any loss or

damage caused, or alleged to have been caused, directly or indirectly, by the information contained in this report. The information/data in this report is subject to change from time to time due to market condition.

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