Greater Noida : Locality Snapshot
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Greater Noida : Locality Snapshot 1 Table of Contents Overview:.............................................................................................................................................2 Implications of Master plan and Regional plan:...................................................................................2 Metro Centre:..............................................................................................................................2 Major Proposals:.........................................................................................................................3 Land-use:.....................................................................................................................................3 Implications of proposed infrastructure:..............................................................................................4 Industries:....................................................................................................................................4 Metro:..........................................................................................................................................4 FNG(Faridabad-Noida-Ghaziabad) Expressway:.......................................................................5 Yamuna Expressway:..................................................................................................................5 Physical Infrstructure:..........................................................................................................................5 SWOT Analysis....................................................................................................................................7 Residential Market Analysis:................................................................................................................8 Supply and Absorption:...............................................................................................................8 Market Segmentation:...............................................................................................................10 Rental Yield:..............................................................................................................................13 Conclusions:.......................................................................................................................................13 References:.........................................................................................................................................14 Overview: Greater Noida is a part of NCR(National capital Territory) located in the state of Uttar Pradesh. It is being developed as a linear city by GNIDA (Greater Noida Industrial Development Authority). Due to its locational features, it is to be developed as an industrial city to cater the increasing industrial needs of NCR. In NCR Regional Plan-2001, two areas Surjapur and Kasna were identified in Greater Noida. It is proposed in the plan that these two regions will be developed to accommodate 1.5 lakh population each. NCR Regional Plan-2021 was approved on 17th Sept 2005. In this plan, Greater Noida is identified as ‘Metro Centre’ and is delineated in the ‘Rest of NCR’ zone. Implications of Master plan and Regional plan: Metro Centre: In the proposed six-level hierarchy system of settlements in NCR Regional Plan-2021, Metro Centre stands in the top which can accommodate more than 10 lakh population. Metro Centres are identified with a main aim to absorb the economic development impulse of Delhi. It can be achieved by developing it with better facilities and planning than that of Delhi. Connectivity and Infrastructure being the two main parameters to achieve this aim, it is proposed to upgrade the connectivity by expressways and metro. Efficient inter-urban mass transportation system along with excellent physical and social infrastructure will help in the population demand shift from Delhi to Metro Centres. 2 Major Proposals: 1. Greater Noida’s development to metro centre is highly dependent on linkages. So adequate road and rail linkages are proposed for swift movement of both freight and commuters. 2. Grid-Iron sytem (Grid pattern design) which is being followed in Noida, Noida Extension, Ghaziabad, Faridabad etc is proposed here also in Greater Noida. 3. Regional level landuses such as institutional uses, industrial uses, SEZs are placed at the periphery of the city so that the frieght traffic will not interrupt the inner roads. 4. Commercial areas are distributed evenly with a hierarchy in the residential areas. 5. 130 m wide Noida-Greater Noida expressway is proposed connecting the linear city from north to south and also connects to Noida and Delhi. 6. Major ecological resources such as Hindon river, Lohia rivulet, lakes and other forest areas are to be safeguarded from any kind of pollution and exploitation. Land-use: In the Master-plan-2021, Land-use division has been proposed with more importance given to the Industrial, Residential and Recreational sectors. Thus promoting the developement to be environmental friendly without any harm to the existing natural resources. According the existing land-use distribution, the tranportation sector lags behind in the development. It is also proposed that by 2021 more than 15% of the land will be used for the transportation infrastructure connecting the city to most parts of NCR. Table 1: Landuse distribution( 2001-Existing, 2011, 2021- Proposed) 2001 2011 2021 Landuse Area (in Ha) % Area (in Ha) % Area (in Ha) % Residential 1310 25.8 3000 22.1 5000 22.36 Industrial 1596.96 31.5 3027.3 22.3 4201.23 18.88 Commercial 99.74 2 720 5.3 1200 5.39 Institutional 570.63 11.2 2502.7 18.4 3473.99 15.51 Green areas 1361.9 26.8 3000 22.1 5000 22.36 Transportation 137.32 2.7 1280 9.45 3339.78 15.01 SEZ 40 0.3 40 0.78 Total 5075 100 13570 100 22255 100 Source: Masterplan-2021 Figure 1: Greater Noida Map 3 Source: Masterplan-2021 Implications of proposed infrastructure: Industries: Three new industrial projects will be developed in Greater Noida- Integrated Industrial Township, Model transport hub and a Multi-modal logistic hub. This will give a huge boost to infrastructure development which will increase the demand of real estate in Greater Noida. 1. The integrated industrial township is planned to be built on 760 acres of Greater Noida. 2. The model transport hub will be developed on 400 acres of Bodaki region in Greater Noida. 3. The multi model logistic hub will be developed in Dadri spreads over 1200 acres. These three projects are located along the railway line, which is the major mode of transport. The projects are along DMIDC, (Delhi Mumbai Industrial Dedicated Corridor) a freight corridor which ends at Dadri in Greater Noida. Metro: There is a plan to develop 60km fast Metro connecting IGI airport under 50 minutes from Greater Noida passing through Bodaki, Pari chowk, Sector 93 to Badarpur and Chhatarpur. The fast metro is expected to be in place by 2021, by which the connectivity through airport will be amplified. 4 The existing Delhi metro which connects most of the urban areas in NCR is also proposed to spread its connectivity to Greater Noida. DMRC(Delhi Mtero Rail Corporation) and UP Govt working on extension of the existing metro line from Noida City Centre to Greater Noida. The first phase of this work of 29.7Km will start soon and will gain momentum. All the approvals for this concerned project has been cleared and the DPR (Detailed Project Report) has been approved. The construction work will not be done by DMRC instead will be done by NMRC (Noida Metro Rail Corporation) formed recently for this purpose. This metro development will connect the Greater Noida to the Metro network and the demand of the properties will soon increase. Greater Noida will be the next best location after Gurgaon but will be developed with better, planned infrastructure and facilities. FNG(Faridabad-Noida-Ghaziabad) Expressway: FNG expressway, due to many land disputes between the UP governemnt and the Delhi government was stalled. But the much awaited project is coming back on track and will provide fast connectivity to daily commuters of the area. This will be a relief to many people who are travelling to Fardabad and Noida. This stretch will become a boon for the real estate situation in four major cities namely Noida, Faridabad, Ghaziabad and Greater Noida. It is expected attract a major portion of the real estate development which is happenning in Gurgaon. FNG Expressway is around 56km long with 19.9km in Noida-Greater Noida region, 8km in Ghaziabad, while the rest 28.1km is in the Faridabad region, especially the developing sectors of Neharpar. The forthcoming FNG Expressway is also talked about as G-FNG (Gurgaon-Faridabad-Noida-Ghaziabad Expressway), as it will directly connect all the five regions -Ghaziabad, Noida-Greater Noida, Gurgaon, and Faridabad-providing fast connectivity to commuters across the stretch. There is a joint proposal from Greater Noida and Faridabad authorities to connect both the regions through the Yamuna bridge, at an estimated of cost of Rs 300 crore. Yamuna Expressway: The 6-lane 165 km long expressway which connects Greater Noida to Agra played a huge role in the terms of connectivity and ease of access to Delhi and Agra. Greater Noida being one end of the expressway enjoys the benefits of demand increase in the terms of industrial land, residential land and commercial land. As Yamuna expressway is meant to be developed