DELHI: With infrastructure upgrades such as widening of NH-24 and the upcoming metro, the linkages between Delhi, Ghaziabad and Noida are expected to improve leading to real estate growth in these areas.
Infrastructure is the basic physical and organisational formation that is essential to set up a developed and inhabitable society. It is the set of interconnected structures that provide a framework for urban civilisation that helps facilitate smooth functioning of the economy. It comprises of well crafted network of roads, bridges, flyovers and foot-over-bridges (FOB), water supply, sewer system, electrical grid and telecommunication, which has now become synonymous with NH-24.
Infrastructure development at NH-24 has emerged as a quintessential example of modern day, with smart connectivity, wide communication network and growing IT/ITeS for employment, that suits the needs of the urban society. With the advent of authorities such as Ghaziabad Development Authority (GDA), Nodia Authority, NHAI has possibly made connectivity, flyovers and FOB available to a substantial population that seeks homes around Ghaziabad, Noida and Greater Noida. One of the most positive developments along NH-24 has been the plan to widen the 21-km stretch from UP Gate to Dasna, into an eight lane corridor.
Proposed Metro connectivity is another major factor that has the potential of changing the face of infrastructure. It will not just help commuters to travel but also resolve the problem of congestion on roads because of traffic. Once the plan gets a green signal, the metro line will further be connected to the Indira Gandhi International Airport, which will furthermore appreciate the value of property in and around the area.
The proximity to the established residential and industrial corridors of Noida and Ghaziabad and accessibility to Delhi have been major factors that led to real estate developers showing interest here. Such advancement in infrastructure alone has led many developers to come up with a host of residential projects. Thus, there has been a surge in the project launches. From affordable to luxury, areas such as Ghaziabad, Noida, Greater Noida and Greater Noida West have projects to suit varied categories.
With improving connectivity and communication between Delhi, Ghaziabad and Noida, the real estate along the Highway and Expressway has become the latest fad across the region. Since the area has witnessed a number of budding IT, ITeS and other industries providing job opportunities for professionals, these areas have caught the attention of the young work force and entrepreneurs who have to travel far and wide for work. Thus, infrastructure and the improved links between diverse regions are of prime importance for any society to be a livable society.