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Only 40 kilometers separate New Delhi and Noida, the contemporary City of Dreams for millions. From its humble origins as an agrarian town, Noida has developed into an urban oasis. As Delhi started to overflow, it was the ideal satellite town because of its strategic location adjacent to Delhi and the abundance of accessible land. A well-known Noida real estate consultant has been keeping an eye on the city's growth since the early 2000s. Without significant infrastructural development, Noida would not have become the prestigious and livable city it is today.

In this blog, we will explore the major turning points in Noida's history of infrastructure development and their impact on Noida real estate. Prepare yourself for an interesting journey with us through the history of Noida real estate!

●     Delhi Metro Rail Revolution

In November 2009, the Delhi Metro Rail Corporation started providing metro rail service between Delhi and Noida. This marked the beginning of seamless public transportation access to the capital city of India. Daily office commuters now have a quick, practical, and affordable transit option. Travel time from Sector 32, Noida to New Delhi railway station was reduced from 45 minutes by road to just 33 minutes!

According to a 2013 Assocham survey, almost 35% of Noida workers favored Metro over private transportation. After its debut, real estate in Noida that was 500 meters or less from metro stations saw a staggering 25–30% increase in value. The Blue Line Metro corridor's sectors 50, 51, and 52 experienced a surge in residential demand in the early 2010s due to the benefits of connectivity.

●     Flexible Flyovers & Expressways

The 25-kilometer, eight-lane DND Flyway, which was constructed across the Yamuna River, joined Noida and South Delhi in May 2001. The journey time between Delhi and Noida was significantly shortened by this signal-free route. The Yamuna Expressway was opened in August 2012 to provide a connection with the Greater Noida and Agra/Mathura belt. The 165-kilometer, 6-lane, completely access-controlled motorway that runs along Noida's boundaries has improved the city's accessibility. Delhi to Agra took less than two hours, while Delhi to Greater Noida took only forty-five minutes!

With better connectivity, owning an apartment in Noida with a view of these modern highways has become a privilege. In order to reduce travel times, both investors and end users began to show interest in residential plotted developments and high-rise flats along the Yamuna Expressway and DND Flyway in the early 2010s.

●     Commercial Extravaganzas

Sector 18, which had begun to grow in the early 2000s, was chosen as Noida's new central business district when the DLF Mall of India opened its doors in 2005. Before it attracted business, it was Noida's most upscale business and retail area for nearly ten years. Newer integrated business hubs covering Sectors 62, 125, 135, 144, and Knowledge Park V were visible in Noida's evolving skyline by the middle of the decade.

Due to cost benefits, major Indian corporations such as HCL, Infosys, EXL, Sapient, and TCS, as well as international giants like Accenture and Fiserv, have chosen Noida as their NCR base. These modern business buildings attracted malls, five-star hotels, and first-rate medical facilities. Naturally, employees of these AAA-grade businesses or entrepreneurs who prefer plug-and-play office premises became increasingly interested in real estate in Noida's surrounding residential districts. Due to corporate employees' perceptions of livability and their desire for shorter commutes, the commercial transformation raised housing demand in nearby residential sectors such as Sectors 119, 120, 121, 137, and 143.

●     Sprawling Green Avenues

Noida provided large open spaces and green areas in contrast to the crowded concrete buildings that surrounded South Delhi. Every residential precinct now has sector parks, secure walking paths, and lakefront vistas that provide a tranquil setting. As an extension of their private living spaces, homebuyers began to envision these open green spaces as places for their children to play, for walks in the morning or evening, or for weekend pleasure with friends. As a result, real estate in Noida's large park-surrounded sectors, such as Sectors 50, 91, 108, and 19, demanded higher prices for both capital and rent than other areas.

The late 2010s saw the development of special green recreational areas in Noida as city planning continued to change. Smriti Van in Sector 94 and Harsh Vardhan Medicinal Park in Sector 91 are two examples of medicinal and herbal parks that have attracted health-conscious citizens from as far away as 5 or 6 km, who are looking for new, pollution-free open space in Noida!

●     Premium Education Campuses

Renowned educational institutions, including the universities Shiv Nadar, Jaypee, and Amity, as well as the highly regarded schools Delhi Public School, Amity International, and Ryan International, had already established their bases in Noida by the mid to late 2000s. As a result, hundreds of students from all over India came to seek affordable, high-quality education in a secure setting.

Parents wishing to buy apartments or postgraduate housing in the area showed interest in residential real estate in Noida's sectors 44, 62, 122, and 128 because these sectors are home to major educational institutions. According to our internal consumer survey findings, almost 40–50% of tenants in the areas surrounding these campuses are either professionals enrolled in remote learning courses or students pursuing education.

Conclusion

In summary, major infrastructure improvements in connectivity, healthcare, education, entertainment, and general civic amenities have made Noida an incredibly livable city. These have directly led to an exponential rise in the demand for homes from actual end users as opposed to speculators seeking Noida real estate. Therefore, one of the most crucial factors to take into account while making a decision is infrastructure, if you're looking to purchase apartments or flats in Noida.

Do you need expert assistance purchasing or selling real estate in Noida? Reach out to us right now! We are your one-stop real estate destination, offering everything from Vastu consultation to interior design, finance and mortgage, property valuation, and more. We do more than just buy and sell real estate. Contact us now, and together, let's turn your real estate aspirations into a reality.

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