Greater Noida Expressway
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NOIDA Real Estate Research Report Q3, 2015 Overview The New Okhla Industrial Development Authority or Noida is an integral part of National Capital Region (NCR). Located at a distance of 27 KMs from New Delhi, Noida came into existence in 1976. Spread over 20,000 Hectares, the integrated township is home to a large volume of Industrial, Commercial and Residential activities. The present day Noida boasts of world class infrastructure comprising of Metro, Expressway, Economic Zones and Shopping Malls. The city is the hub of premier educational institutes and modern healthcare facilities, which further invigorates businesses. Due to advanced infrastructure & smooth connectivity to New Delhi & other parts of NCR, Noida over a period of time has emerged as one of the favourite destinations for professionals and entrepreneurs along with corporates & MNCs. Another attraction of Noida is the Noida Film City, which came into existence in 1987. Located in Sector 16A, it is home to major news channels, film studios and numerous media institutes. The popularity of Noida has resulted into its expansion towards Eastern frontiers, resulting into the creation of Greater Noida, the Census town which is culturally part of Noida. Greater Noida is planned and developed by Greater Noida Industrial Development Authority (GNIDA). Greater Noida, that is located at a distance of 40 KMs from New Delhi, is planned to be connected to Delhi through metro system by Oct 2017. Noida - Timeline Came into Administrative Existence in 1976 An emerging industrial Late 70s & 80s- township 1990 Emergence of Greater Noida as a separate entity Builder centric residential 1994 accommodations Late 90s From an industrial hub to a real estate maven Delhi Noida Direct Flyover 2001 Opened 2002 Foundation stone laid for Noida - Greater Noida Expressway Landmark land auction - 2006 Unitech acquires 340 acres of land at a price of over INR 1500 crores 2007 Great India Place, one of the largest malls in India opens Noida is connected by 2009 Delhi Metro 2011 Buddh International Circuit opens and First Indian Inauguration of Yamuna 2012 Grand Prix held Expressway connecting Greater Noida & Agra 2014 Approval for Noida-Greater Noida Metro High Rise and affordable 2013-2017 Residential Devlopment 2031 Completion of Noida Masterplan (Proposed) Upcoming Noida Infrastructure As discussed, Noida is one of the fastest developing cities in Northern India in terms of residential, commercial & industrial dimensions. Its growth momentum is also visible in the pace with which it is ramping up all the aspects of its infrastructure- Physical & Social. Noida is keeping no stone unturned in adding up to its connectivity. Various ongoing infrastructural developments such as New Metro Link, Faridabad-Noida-Ghaziabad corridor and a proposed new Airport are in pipeline. To enhance its public transport support system, Delhi Metro Rail Corporation (DMRC) and Noida Authority has signed an agreement for construction of metro link between Sector 32 and Sector 62, that will connect Noida City Centre to NH-24. It is scheduled to be completed by the end of 2017. The line will make commuting easy not only for people in Noida, but also for those in Ghaziabad and Delhi and reduce the traffic chaos altogether. Various roadways are under construction to enhance connectivity among NCR & other nearby places. The six lane, Noida-Greater Noida expressway connects Greater Noida with Delhi through Noida. Likewise, various steps have been taken to improve the connectivity to nearby areas like Ghaziabad & Faridabad through Ghaziabad-Noida-Faridabad corridor, which is expected to be completed by mid-2018. It is likely to be extended till Sohna and seen as an excellent connectivity path between Uttar Pradesh and Haryana. Another boost has been the development of Yamuna Expressway- 165 KM long state controlled road connecting Greater Noida & Agra. It has been built to minimize travel time between NCR & Agra. The expressway is also an upcoming hub to serve various residential, commercial, industrial & institutional setups. The proposed Jewar Airport, located along the Yamuna Expressway could be an inflection point for the city as it can give Noida its own foothold in Indian aviation. Noida is also amplifying its social & tourism infrastructure in the form of world class tourist hubs such as Okhla Bird Century, Gautam Budh Park, Iskon Temple & much more. Noida – Realty Sector Noida enjoys a robust realty market in the region. The realty sector in Noida is driven by its massive commercial & infrastructure development along with its relatively economical price when compared to New Delhi & Gurgaon. The average capital value per Sq. Ft. in Delhi is between INR 8,000 to 30,000; Gurgaon is INR 7,000 to 24,000 per Sq. Ft. and Noida - INR 3,500 to 8000 per Sq. Ft. In the recent past, Noida realty market witnessed significant real estate activity in terms of both new launches & absorption, with a large number of units launched being concentrated in Greater Noida and Yamuna Expressway. Noida has also obtained the approval for a new Master Plan 2031. In the new plan, there is a lot of scope for infrastructural, residential and commercial developments like widening of roads with elevated structure and underpasses, flyovers, greeneries, high-rise buildings, hotels, major Metro and road linkage projects & much more. Noida Map GHAZIABAD MINI HIGHW 63 62A 62 64 65 69 A Noida North 58 59 68 Y 66 67 TO DELHI 56 57 60 TO GREATER NOIDA 5555 11 54 61 121 22 61 71 70 7 8 12 TECH ZONE IV Ecotech 12 Ecotech 18 6 23 122 Regional 53 Institution 1 10 21A 5 24 33 52 Ecotech 119 14 14 2 9 21 24A 33A 73 120 Ecotech 13 4 34 72 20 25 51 PHASE II 15 35 51 118 3 26 32 117 15a 16 19 75 74 Ecotech 18A 50 31 51 16B Sector-2 17 27 30 36 33 9 TO DELHI 16A 50 77 18 28 29 39 116 115 37 76 Sec. Sec.10 40 41 112 12A Noida Central 38A 38 49 78 79 113 Sector-3 Noida 43 Sector-1 Sector-13 44 42 80 48 10 45 101 102 94 46 47 107 Knowledge Park V Extension 124 96 99 106 81 18A 100 125 104 97 21 126 98 TO GREATER NOIDA 127 110 84A 88 TO DELHI 105 82 84 87 108 83 89 128 93 86 139 G.T 92 85 Noida East 93A 138 . Road 140 131 132 93B 92 90 140A 129 137 133 136 134 141 142 143 143A Greater143B Noida ExppressW 168 144 167 145 166 165 163 146 164 161 162 159 ay 160 158 157 ARIDABAD 156 154 155 TO F 153 151 Greater 152 149 Noida 150 Y AMUNA EXPRESSWA TER NOIDA ANDRABAD TO GREA TO SIK Y Y 26 B 27 26A EASTERN PERIPHERAL EXPRESSWA DANKAUR-SIKANDRABAD ROAD Sector 17 A Sector 26 Sec. 17 B Sector 17 Sector 25 Sector 16 Sector 22A SectorSector 19 18 22B Sec. 15 Sec. 1 22C Sector Sec. 15A Sector 14 24 Sec 22D Sector 20 Sec. 15B Sec. 2 Sec. Sec. 13 15C Yamuna Expressway Sec 22E Sec. 12 Sec. 3 Sector 24A Sec. 35 Sec 22F Sector 21 Sec. 34 Sec. 11 Sec. 4 Y Sec. 33 Sec. 10 amuna Sector 28 Sec. 5 Sec. 23D Sec. 23ASec. 23B Expresswa Sec. 32 Sec. 9 Sec. 6 Sec. 23C Sector 29 Sec. 23E Sector 30 Sec. 31 Sec. 8 Sec. 7 y PROPOSED NEW EXPRESSWAY FROM PALWAL TO KHURJA Noida R ealty According to Square Yards Global Intelligence Cell (GIC), the Noida real estate market can be split into five major micro-markets- Noida (East, West and Trends Central), Greater Noida, Greater Noida Extension, Noida-Greater Noida Expressway & Yamuna Expressway. Mentioned below is the average capital value/ Sq. Ft along with launch & absorption for the various micro- markets mentioned in Noida region. Avg. Capital Value per Sq.Ft. (INR) in 2015 7298 5669 4420 4159 3284 NOIDA GREATER GREATER NOIDA- YAMUNA NOIDA NOIDA GREATER EXPRESSWAY EXT.(WEST) NOIDA EXPRESSWAY Source: Square Yards GIC New Launches & Absorption in Q3, 2015 5480 5304 Launches Absorption 2923 2512 1559 2398 1730 455 621 653 NOIDA GREATER GREATER NOIDA- YAMUNA NOIDA NOIDA GREATER EXPRESSWAY EXT.(WEST) NOIDA EXPRESSWAY Source: Square Yards GIC It should be noted that Noida's realty market is also driven by its rising commercial sector. The total area allotted under the commercial sector is roughly 92 million Sq. Ft. Out of this, over 21 million Sq. Ft. has been utilized whereas over 41 million Sq. Ft. of area is under construction. Remaining will be utilized in the future. Noida (Central, East, North) Key Locations: Sector 32, 51, 61, 62, 78, 121 · Noida provides huge opportunity for the end-users and it is also an attractive investment hub for the investors looking for return of more than 12%. · The strategic location of Noida with world class infrastructure facilities like road networks, power distribution systems and social infrastructure like hospitals & education centres is constantly attracting developers to launch more projects in the region. · The upcoming commercial hubs such as DLF – Mall of India, Wave City Centre and Unitech - Garden Galleria are expected to make this region attractive for buyers & investors. · Key players in realty sector who have presence in Noida are Unitech, Antriksh, ATS, Supertech, Omaxe, Ambience & Exotica etc. · Around 35.65% of the total area is allocated for residential development, 3.77% for commercial development, 20.05% for industrial development, 8.15% for institutional facilities, 14.78% for transport and remaining 17.60% for recreational and agricultural facilities. · Square Yards GIC indicates that in the previous 3 years' (per Sq. Ft.) prices have moved from INR 6,260 in 2012 to INR 7,298 in 2015- Over 17% price hike.