The Noida Expressway is a principal corridor which is constructed to unlock the potential opportunities. The Noida Expressway will decongest National Highway- 2, as it establishes a direct connectivity channel between Delhi and Noida and further stretches to Greater Noida.
According to the ‘Anarock’s ‘Noida Expressway- Micro Market Overview Report’, which was published in 2018 states that, Noida Expressway has undergone a rapid upshift in the presence of commercial spaces such as multi-national BPOs and IT-ITes firms over the past couple of years. The report also highlighted that, the symmetrical growth of infrastructure apparatus and connectivity has also contributed to the advent of good civic facilities and residential projects in the region. Also, the 6-lane Noida Expressway’s multi-nodal connectivity with Yamuna Expressway, DND Flyway, and FNG Expressway adds immense value to the corridor.
The Noida-Greater Noida-Yamuna Expressway belt is converting into a mushrooming investment epicenter with prominent IT companies, data centers, and telecom brands showing a proclivity to invest in the region for their future expansion plans and projects. This area has a good potential of to emerge as a thriving tech hub which could perhaps surpass the hegemony of established tech hubs like Gurgaon, Bengaluru, Hyderabad, and Pune.
The Noida, Greater Noida-Yamuna Expressway belt has developed prominence due to the ongoing construction of Noida International Airport or Jewar Airport, causing the property appreciation values to dramatically grow upwards of regions in the vicinity.
The sectors close to the Noida Expressway have emerged as prosperous commercial real estate hotspots such as Sector 132. There has been a demographic shift, and therefore, rapid urbanization in new corridors and residential/commercial zones is a continuous process. Sector 132 is one such untapped territory witnessing a slew of developments in the commercial real estate spaces such as the rise of high-street commercials, IT-ITes, and malls.
The entertainment retail space lease has seen a staggering rise which comprises multiplexes, children’s play areas, and gaming zones. According to a CBRE report in January, the entertainment segment undertook major part in retail space leasing and saw a 179% year-on-year (YOY) growth across seven big cities in 2023 indicating an increase from 5% in 2022 to 9% in 2023. Delhi-NCR underscored the entertainment retail space lease of 70,000 sq ft.
The figures indicate that the underlying demand for retail and commercial developments is buoyant and engulfs new and exciting corridors. Sector 132 has become an oasis for prime commercial and IT-ITes projects which underlie new horizons for investments and employment.
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