Are new infra-projects in Noida-Greater Noida an investment opportunity?

The Yamuna Expressway Industrial Development Authority's (YEIDA) board has recently approved the budget for a multi-modal transport system. Budget has also been allocated for a master plan of essential services such as electrification, sewage, water and drainage. The total budget allocated is approximately Rs 7,580 crore.

What does this indicate for an investor? While there are several parameters that signal a good investment opportunity, infrastructure development is one of the most obvious indicators.

Similar sentiments were raised by Jayashree Kurup, head, content and research, Magicbricks on the IIMB-Magicbricks Webinar. “Investing in a market when infra-projects are announced or in the nascent stages of development provides ample opportunity for appreciation of the property. Properties in and around the upcoming infra-project stand a good chance of appreciation.”

Thus, this announcement made by the YEIDA certainly seems to be good news for investors. “Even though it is too early to comment, these developments would certainly push up real estate prices in Noida and Greater Noida. At present, projects in these locations are still affordable as compared to Delhi and Gurgaon. Thus, if someone has an investment horizon of five to seven years, it is certainly a good time to enter the market,” says Deepak Batra, CEO, Propworld Realty.

The tram and the metro, once completed, would facilitate movement between Noida and Greater Noida. It would take another three to four months before the final length and cost of the project is decided.

Apart from these transport links, the authority has also approved allotments for eight petrol pumps, built-up shops and commercial plots in Sector 22A. This is in addition to group housing plots, plots for dairy and poultry.

While infrastructure development is always a welcome sign in the development cycle of a city, does this indicate the end of affordability in the entire NCR in years to come? Well, only time will tell. For the time being, what is certain is the fact that investors can look forward to investing in the Noida-Greater Noida region very soon.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/are-new-infra-projects-in-noida-greater-noida-an-investment--opportunity/80513.html