| Development of new connectivity can add immense | | | | At present, a number of developers including |
| value to an area. It not only provides opportunity to the | | | | Gaursons, Amrapali and Supertech are developing |
| developers to do more business but it also provides | | | | large townships in the locality. The size of the each |
| new options to end users. Best of all, it helps in | | | | township is around 150 acre with all the latest |
| containing the price rise of real estate projects in the | | | | amenities like schools, playgrounds, hospitals, market |
| main districts of a town. | | | | complexes and commercial property - in fact, |
| The newly built bridge over Hindon river near Sectors | | | | Supertech has two townships lined up. Besides this, a |
| 121 and 119 in Noida has reduced the distance of | | | | number of small developers have also joined in to |
| Greater Noida Sectors 1 and 4 from main Noida to | | | | develop condominiums on smaller plots of 20 to 30 |
| almost half. Because of the bridge, Noida's connectivity | | | | acres. |
| has improved so much that the new area is being | | | | As the area is offers such a huge land mass for |
| termed as Noida Extension. Since then, a number of | | | | development, a number of commercial projects are |
| developers in the area have launched apartments in | | | | also coming up in the locality. A large multi-specialty |
| the price range of Rs 9 lakh for one bedroom with a | | | | hospital is being developed by Metro Hospital group in |
| hall and kitchen (1BHK) apartment to Rs 15 lakh for a | | | | the area. Besides this, an IT park has also been |
| 2BHK and Rs 18 lakh for a 3BHK. | | | | proposed in the area. Just along the Hindon, Greater |
| The distance of Sector 1 and Sector 4 of Greater | | | | Noida authority is planning to develop a number of real |
| Noida, where a number of real estate projects are | | | | estate projects. Such connectivity inevitably brings in a |
| being developed, has reduced to about 11km from the | | | | huge chunk of land into the mainstream on which |
| main market place, Sector 18 in Noida, because of the | | | | residential complexes for the middle-class communities |
| bridge. Earlier, the distance from Sector 18 to the place | | | | could be developed. |
| was around 18km. The distance from the main | | | | The availability of large chunks of land to develop the |
| commercial centers like Sectors 61 and 62 too has | | | | housing apartments has made developers keep prices |
| come down to around 8km from the earlier 14km. | | | | at highly competitive range. Most of the apartments in |
| Before the construction of the new bridge, one had to | | | | these areas have been launched for around Rs 1,800 |
| travel to reach these areas via National Highway 24. | | | | per sq feet as the basic selling price. This has brought |
| Not only is the distance via NH-24 longer, but NH-24 | | | | prices of apartments here within the affordable range |
| also remains congested most of the time, and as a | | | | for the middle class. After making payment for the |
| result homebuyers were reluctant to purchase | | | | cash-down component, one can buy a two-bedroom |
| apartments in these areas. The traffic along the | | | | apartment for an EMI of around Rs 12,000 per month. |
| stretch at Vijaynagar across Hindon river on NH-24 | | | | That means, one, whose annual income is Rs 3 lakh |
| remains particularly bad. | | | | per annum can afford to buy a house in this area. |