Noida-Greater Noida, connecting Gaur City, metro extension accepted by UP govt

metrooo-final-imageToday the construction of the extension line of the Noida-Greater Noida Metro was approved by UP government.
According to the officials of the Noida Metro Rail Corporation (NMRC), the extension metro link will operate between Noida Sector 71 and Greater Noida Knowledge Park–V, joining the twin cities in Gautam Buddh Nagar region adjoining Delhi. The permission for an extension metro rail line was presented during a meeting of the cabinet ministers in Lucknow on Tuesday.
In January this year, the Aqua Line of the metro was introduced which connects Noida and Greater Noida, covering a length of almost 30 km.
The new metro route connecting Noida and Greater Noida will be 15-km long with nine stations between the densely populated regions of Gaur City and Noida Extension to the Aqua Line and adjoining DMRC Blue Line network.
According to a report, the new track would be made in two phases and the complete project would join Knowledge Park V in Greater Noida and Sector 71 in Noida. The current route has 21 stations and operates from the Sector 51 station in Noida to the Depot station in Greater Noida.
Noida and Greater Noida are now united through a Metro network. Beyond any doubt, when compared to Delhi and Gurgaon, property in Noida and Greater Noida in way more affordable. Earlier builders in the region found not many takers for their affordable housing projects for a variety of reasons. The absence of a transport network was the biggest cause why homebuyers were not interested to invest in the past. The metro extension would inspire those reluctant buyers to leave the fence and make a move. The initiation of the new Metro line will also lift the rates of the land in the area, along with its increase in sales.
Since Noida and Greater Noida will get better approachability to the NCR Delhi, property in these areas would become even more profitable as an investment alternative. Delhi where the housing options are very limited and expensive while migrant population numbers rise year after year, more and more people would move to Noida and Greater Noida with increased mobility and the affordable market. With a Metro network in place, traffic on roads would decrease, the traveling will be easier, pollution levels will also come down.
Lots of new projects are also launched in Noida and Greater Noida you can visit and find a suitable property of your taste…

December 4, 2019 / by / in , ,
Supertech will invest Rs 800 cr this fiscal to deliver 10K flats in the next year

Supertech – a well known real estate group will invest approximately Rs 800 crores this year in order to complete various construction projects to achieve the target of delivering 10,000 flats in the next fiscal year, according to a top company official.

MD Mohit Arora said that Supertech is also looking forward to its sales booking to increase to Rs 3000 crore during the 2018-19 fiscal because of the increase in demand in real-estate, distinctively from ready-to-move-in flats.

In the last 30 years, Supertech has delivered 40,000 apartments and is aiming to deliver 60,000 flats across different ventures, most notably in Noida, Gurugram and Greater Noida.

In ‘Supernova’, a project by Supertech, the company has built 575 units in its 2 towers. A tower for commercial purpose with a massive area of 10 lakh square feet will be completed by end of this year.

The biggest highlight of Supernova will be an 80-storey tower which will comprise of 250 flats and 600 studio apartments. Another tower will have 80 Armani-residencies and 250-rooms hotel.

Supertech Chairman is aiming to deliver 10000 units in the 2018-19 fiscal year.

Supertech is aiming to raise more funds for executing its projects. In December a year ago, it raised Rs 430 crore from Altico Capital to fund its current housing project in Noida and reimburse debt.  In September last year to complete its Eco-Village residential project, it had raised Rs 350 crore.

August 20, 2018 / 1 Comment / by / in , , ,