Bullet Train Project In Noida and Greater Noida To Boost Property Demand

Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone for the 508 km long Mumbai-Ahmedabad ball track project on 14 September 2017. The proposed expressway line from Delhi Sarai Kale Khan to Varanasi will run parallel on the Great Noida Expressway over 25 km from Noida, 165 km on the Yamuna Expressway and 361 km from Agra on the Lucknow Expressway among other highways said an official from the Yamuna Expressway Industrial Development Authority (YEIDA). At an average speed of 320 km/hour, it will take 21 minutes to reach the planned Noida International Greenfield Airport in Delhi.

With the introduction of the Bullet Train project, the demand for real estate in Noida and Greater Noida has again gained momentum along with the upcoming Noida airport in the Jewar region. The Delhi-Varanasi high-speed rail corridor includes 12 stations in Delhi, Noida, Jewar, the airport, Mathura, Agra, New Etawah, South Kannauj, Lucknow, Raebareli, Prayagraj, New Bhadohi, and Varanasi.

An official familiar with the development told that there will be two high-speed railway stations in Gautam Budh Nagar. One station will be in Noida Sector 144, the other in Noida Airport Terminal, and one in Jewar. This section is part of the Mumbai-Ahmedabad High-Speed Railway Corridor and for this around 160 hectares of land is required to build the Delhi-Varanasi high-speed rail line.

At the recent board meeting of the Greater Noida Authority, which has taken several decisions on infrastructure development in the region, issued a tender for the start of construction of the airport project. Hence, the purge of Greater Noida will be a lucrative option for property seekers, adding another spring to the growing popularity of the announcement in connection with the airport being filmed in the city.

As a hub with affordable inventories, the prospects in the NCR market will remain in high demand. Industry experts say that the sectors adjacent to Noida-Greater Noida Expressway are key areas in the Noida real estate market, with a healthy mix of new commercial and residential developments along the highway. Sector 150 has better access to the metro expressway and should benefit from the development. Half of the Expressways, the first 10 km from Maha Maya Flyover to the Aqua Line and Metro Expressway intersection, have experienced an upswing in development since the mid-2000s, with a more developed profile, while the other 10 km section has emerged as a promising zone on the market at present.

The city's current and future real estate transactions will definitely get a boost due to the existing and unsold inventories. Residential demands will also be on the rise along with the demands for quality A-grade commercial & retail developments. The infrastructure push will continue to hog the limelight in terms of infrastructure growth. Hence, if you are a prospective buyer and plan to purchase a residential or commercial property in a Noida location, you may make your buying decision now.