DELHI: With a lot of world-class infrastructure in place, many experts are now saying that Greater Noida has surpassed the developments in other NCR cities like Gurgaon and Faridabad.
Multiuse residential and commercial projects are registering an equal amount of construction around the different pockets of Greater Noida.
Located in Gautam Buddh Nagar district of Uttar Pradesh, Greater Noida has developed a lot and is in constant news for emerging as an ideal real estate location for investments and end use. Residential development of Greater Noida West, infrastructural developments like SEZs, commercial sectors, retail space, and hospitality industry have all taken the this city to great heights.
Sectors like KP3, KP5, and Tech Zone have established industrial set-ups in the vicinity located near India Expo Mart, these are well connected to the Yamuna Expressway. There is a proposal to extend the Metro rail, from Dwarka-Noida City Center to Pari Chowk, which will give direct connectivity to Delhi and other NCR areas.
Rama Raman, chairman and CEO of GNIDA, says: “There is a plan to run a fast 60km Metro (Airport Metro) line, which will directly connect to the IGI airport-to be covered in 50 minutes, the route will connect Greater Noida via Bodaki, Pari Chowk, expressway’s Sector 93 to Badarpur and Chhatarpur.”
This fast Metro connectivity is expected to be in place by 2021. The average speed of the fast Metro will be 90km per hour. There will be six stations and 8 lakh passengers are expected to use it every day. Work on the much-awaited 29km-long Noida-Greater Noida Metro link is expected to start soon as the UP government has already given approval to the recently-formed Noida Metro Rail Corporation (NMRC). The authorities of Noida and Greater Noida have started to raise funds for these projects. The authorities will raise 50% of the total fund while the rest is expected to come from the Union government.
GNIDA is planning to set up its own power plant to provide 24-hour quality power supply. A 315MW power sub-station is going to be commissioned in March, while construction of a pipeline from Dehra to Greater Noida via Upper Ganga Canal is almost complete. Greater Noida will get 85 cusecs of water from this pipeline.
Major land bank
The huge land bank of the city is attracting developers to the area; many of them are bringing in novel concepts in engineering, design, and amenities to pull buyers from India and abroad.
Greater Noida is spread over 36,000 hectares. According to the draft master plan, 58,000 hectares will be included to the existing area. For this, 188 new villages have been included in Master Plan-2031, while in Master Plan-2021, there were 124 villages. With this, the total area of Greater Noida will swell up to 94,000 hectares, spread over 324 villages. This is expected to satisfy the land requirement for future developments over the next 20 years.
Forthcoming Infrastructural Projects
Proposal for GNIDA’s administrative block in KP-4 on 8 acres; cost Rs 300 crore
A medical college-cum-university with a 500 bed hospital in Gautam Buddh University over 511 acres along the
Yamuna Expressway; cost Rs 500 crore
Plan to improve the facilities in the newly-operational 350 bed multi-specialty hospital near GB University
Proposal for a convention centre—a mini-Connaught Place—in KP-3 on 31 acres
A heliport on 25 acres in KP-3
A 33KV sub-station
Work on the night safari park and the 1,483km-long DMIC to resume. The night safari park has been planned over 150 acres near Murshadpur Reserve Forest along the Yamuna Expressway; the estimated cost of the project is around Rs 102 crore.