Hailed as the next big real estate hub by consultants and end users, Greater Noida will soon offset Gurgaon as the hot-seat of real estate in NCR. The Greater Noida Authority is revamping the civic amenities and other infrastructural facilities. Much awaited projects like the international airport at Jewar and 160-km long Noida-Agra Taj Expressway will help in the fast-track growth of the twin cities.
The twin cities offer an entire range of property-options to choose from. The development of Greater Noida Phase-II , spread over 55,000 hectares (which includes 1890 villages), will further lead to an expansion of these cities. The said phase would have 41% area earmarked for greenery, 12% for recreational facilities, 13% for residential, 2.5% commercial, 3.9% institutional and 18.9% devoted for the airport. Also, after completion , the 1483 km long Delhi-Mumbai Industrial Corridor will mark a watershed in connectivity.
This Indo-Japanese project is expected to be completed by 2012. Apart from this, a mega rail-corridor will start from Boraki near Dadri. Foreseeing a surge in demand for office space, many real estate developers have launched various residential and commercial projects at Noida and Greater Noida.
More : economictimes.indiatimes.com
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