Trends and insights shaping the commercial real estate on Noida Expressway
The Noida Expressway, a key artery connecting Noida and Greater Noida, has emerged as a preferred destination for commercial real estate growth. This corridor is witnessing substantial demand for high-street retail and office spaces, spurring significant stride in the area’s real estate development. Investors and buyers view it as a comprehensive hub for entertainment, recreation, and workspace.
According to the latest market insights, the retail space supply is positioned to rise by 45% from the current 91 mn sq ft across seven major cities by 2028, upholding the developers’ keenness to diversify their retail footprint. Delhi-NCR is expected to add 34% to its retail stock supply.
The prominent feature that makes the expressway a prime destination with high return potential is its strategic location and excellent connectivity to other hubs. It not only links Noida and Greater Noida but also connects to the Yamuna Expressway, providing direct access to numerous important cities in Uttar Pradesh. Its proximity to the upcoming Jewar Airport (Noida International Airport) has transformed the entire corridor, making it a hub for office and retail expansion. Besides, the upcoming metro expansion in the region has brought an upsurge in residential and commercial properties. This has led to increased property values and stimulated local businesses, thereby contributing to the overall socio-economic development of the region.
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Furthermore, with collaborative efforts between the Noida Authority, RITES, NHAI, and the irrigation department, a new highway is under construction, which will be parallel to the existing Noida Expressway. This strategic infrastructure development
