Greater Noida Metro Link to be a driving factor for real estate sector

The news of metro extension was recently aired everywhere bringing new hopes for the realty sector in Greater Noida. The Noida metro link is being extended further, which has now been announced to be completed by 2017. The 29.707 km metro link to Greater Noida is estimated to have a budget of Rs.5,064 crore. This extension will cover sectors 50, 51, 78, 101, 81, on the Dadri road, 83, 85, 137, 142, 143, 144, 147, 153 & sector 149 in Noida. This indicates a better picture of realty in these areas and Greater Noida too. As the news of metro extension hit the market, it became more of a buzz for those who already own properties in this area. It is even expected to serve as a factor driving more people to the Greater Noida realty.  

It is expected that the areas to be connected with metro will see a boost in property prices. This majorly includes Knowledge Park-II, Knowledge Park-IV, Pari Chowk and Sector-Alpha 1 & 2. The future expansion plan of the metro will also cover Knowledge Park-I and sector Delta-1. Looking at the past trends, it is anticipated that the property prices in these areas will go up. With such anticipations regarding the price rise, it can be said that this is the best time to invest in Greater Noida. For the ones, who have been willing to put their money in properties in Greater Noida, the time has come. They can now invest here and expect a good price in the years to come. This will also reflect in the resale real estate market, which will now after the confirmation of metro extension, take a pace. Looking at the property trends in the sectors 74, 75, 76, 78 and 79, a price rise of around 15 per cent in resale property market has been witnessed. Now, when the Uttar Pradesh Govt. announced that the metro link will be completed by the year 2017, it is seen as a driving factor for property market in Greater Noida.