Greater Noida West, commonly known as Noida Extension, has shown rapid development in the last few years courtesy of swift & planned infrastructural expansion. Covering in excess of 3,635 Ha., Greater Noida West is connected to Noida via sector 121. A tremendous amount of real estate activity was witnessed in this area after the land clearance that led to the approval of the Master Plan. Today, leading developers in the country have several completed or on-going residential & commercial projects in Greater Noida West that offer affordable as well as high-end property options.
In the last quarter of 2015, property prices have remained steady in Greater Noida West despite the apparent slowness in the overall real estate market. Prices for multi-storey apartments in this period ranged between 4,000 sq ft and 2,700 sq ft with an average price of around 3,300 sq ft; whereas, prices for multi-storey apartments in most areas of Gurgaon for the same time-period were significantly higher. Thus, when it comes to affordable housing with excellent infrastructure, Greater Noida West is probably your best bet.
Apart from residential projects, commercial projects such as office & retail spaces are also quite popular in Greater Noida West and Knowledge Park V & Techzone IV have many such quality projects. The upcoming Faridabad-Noida-Ghaziabad Expressway (FNG) that has already been given an NOC by the UP government for the status of ‘national highway’, is going to connect Greater Noida with these three important cities and perhaps, with Gurgaon as well (through Sohna). This will create an impeccable connectivity route that will see sharp appreciation of real estate prices in Greater Noida West.
Greater Noida West is a fast-emerging investment hub and many renowned developers have chosen to launch different types of real estate projects here to reap the benefits of favourable policies and quick infrastructural development in the area. Metro connectivity, international airport in Jewar, and industrial township (DMIC) are some exciting upcoming additions to an already lucrative Greater Noida West real estate. With this seamless connectivity and swift urbanization, Greater Noida West is all set to attract many more investors and end-users in the coming years.