Demand for Greater Noida property to boost up as Bullet trains come up in Noida

Projects in the area of Noida and Greater Noida seem to accomplish several infrastructure plans announced openly in the past few years. With already existing good road connectivity and the approaching Noida Airport in Jewar, the area is likewise in the spotlight for bullet train connectivity soon.

NHSRCL (National High-Speed Rail Corporation Limited) has held an introductory meeting with the Gautam Budh Nagar administration over land provisions for the two stations in Noida. One requirement will come up in Noida Sector 144, and the second one at Noida airport terminal located in Jewar.

This distance is an aspect of the Mumbai-Ahmedabad High-Speed Rail Corridor. The newly built Delhi-Varanasi high-speed rail corridor will consist of 12 stations. Direct stations are Delhi, Noida, Jewar Airport, Mathura, Agra, New Etawah, South Kannauj, Lucknow, Raebareli, Prayagraj, New Bhadohi, and Varanasi.

More than 160 hectares of land is expected to be used from GB Nagar for the Delhi-Varanasi high-speed rail (DVHSR) bullet train corridor. A little over 60 hectares need to be acquired from farmers as the rest of the land belongs to the government.

There will be long detailed research performed which will also evaluate the population and traffic footfall in this area. This report is presumed to come between August-September 2021. The bullet train height of the raised corridor train will be approximately 9-10 meters.

On January 10 the light detection and ranging survey (LiDAR) was conducted for the required Delhi-Varanasi high-speed rail corridor from Greater Noida. LiDAR functions on the principle of light detection and varying where laser pulses are read from the helicopter to scan the ground. The information thus obtained over the full range is further taken care of and used to develop a digital geographical surface and digital elevation model.

On October 29, 2020, the Delhi Varanasi High-Speed Rail Corridor report has already been proposed to the Ministry of Railways. The DVHSR Corridor will connect the National Capital Territory (NCT) of Delhi with primary cities like Agra, Mathura, Etawah, Lucknow, Raebareli, Bhadohi, Pryagraj, Varanasi, and Ayodhya.

The High-Speed Rail (HSR) route will also attach the upcoming international airport project at Jewar. The Delhi to Varanasi corridor, which is nearly 800 km, will also be further attached to Ayodhya.

Aman Trehan, the executive director, Trehan Iris, said in the interview to The Economic Times, “The proposed Delhi – Varanasi Bullet Train project will offer many avenues for economic and Infrastructural development in Delhi NCR with Noida being the Ist and Jewar being the 2nd stop from Delhi on this iconic 865 Kms route. Easy & fast connectivity between Delhi – Jewar Airport – Varanasi covering all the pilgrimage destinations will have an immense impact on the future of real estate development. Residential demands will pick up and with the influx of more residents in this part of NCR; the demands for quality A-grade commercial & retail developments will also surge.”

Impact of this on real estate from this upcoming project

Director of Gulshan Group Deepak Kapoor, explains while talking to The Economic Times, “The immediate effect would be in sectors or projects near the proposed stations of the Bullet Train at Sector 144 and Jewar. The demand would go up, and the appreciation would be phenomenal in the projects close to the proposed stations. As with other connectivity or infrastructural announcements, we can foresee an appreciation. The other developments such as the Jewar Airport and Film City will also act as a catalyst for higher appreciation. Sector 144 is more likely to see the immediate effect as there are world-class projects already coming up here and some are ready for possession.”

The infrastructure push constantly works in endorsement of real estate development. Both Noida and Greater Noida remain to take over the attention in terms of infrastructure advancement. If you are a prospective consumer and planning to purchase here, you may now, make your best buying decision.

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