Impact of DMIC on Housing Projects – Greater Noida

The advent of civilisation is accredited to the moment when Homo sapiens decided to give up wandering in quest of food and arrived at a settlement to settle down. This led to meeting of community requirements by way of barter and consequently currency system was developed.

Noida offers properties in the range of Rs 2800 – 5500 per set, with the established sectors touching a higher range. But despite the premium on ready-to-move-in apartments, investors and buyers are often willing to pay for it.

Thousands of years have passed since and our objective of settling down is still the same – The quest for currency that supports livelihood. Whether it helps us create life or just a living is a different debate all together. Herein we will try and explore how growth corridors for housing developments consequently develop along the industrial corridor and the mutual impact of the same in light of the Delhi Mumbai Industrial Corridor, which will majorly boost housing projects in 20 cities starting with Delhi & Western Uttar Pradesh – Muzaffarnagar, Meerut, Noida & Greater Noida.

What does the industrial corridor offer?
Employment, exports, opportunities for industrial output. The DMIC is expected to create about 3 million jobs. Add to that the development of new business clusters along the DMIC, which will support planned growth and improve the quality of life. The corridor is poised to fuel infrastructural growth and open new investment opportunities. The consequent impact – need for affordable and middle class housing projects and office spaces which should bring the much-needed respite in the Greater Noida realty market.

With its established and upcoming sectors, Noida offers ready-to-move-in properties of different configurations. This area offers properties in there age of Rs 2800 – 5500 per set, with the established sectors touching a higher range. But despite the premium on ready-to-move-in apartments, investors and buyers are often willing to pay for it. Well-planned infrastructure, manicured greens and connectivity across all CBDs in Delhi NCR via an existent as well as upcoming network of roads, Noida is fast becoming the next residential & commercial hub on the skyline of India.

What remains to be seen is that with the announcement of the Jewar Airport, the commercial warehousing hubs along the highways and the Industrial Corridor toiling its bit to attract investments and workforce, how soon Noida takes the leap from stagnant prices to surging sales.

The one thing I am sure about … it will take this leap. How soon, is the only anticipation.

Leave a Reply

Your email address will not be published. Required fields are marked *