How Blue line Extension will boost Property Prices in Noida?

News Noida

The much-awaited extension of Blue Line metro from Noida city center to Noida Electronic City has taken place recently easing traffic woes of Daily commuters between Delhi and Noida. Considered as one of the most congested routes, this extension is going to ease the traffic problem of those who face difficulty in moving from Delhi to Noida sector-63 via NH-24.

As per the route map, this extended blue line metro will pass through major sectors of Noida such as sectors 34, 52, 61, 59, 62, and Electronic City near the NH-24. Furthermore, this metro line is also benefitted to those who want to further carry on their journey to Greater Noida via Aqua Line with an interchange station on Sector-52.

The last station which is the Electronic city located in the industrial and IT hub of Sector- 62 is boon to those commuters who are traveling from Ghaziabad, Indirapuram, Crossing Republik, and other nearby areas.

Boost to Real Estate Market

The entire stretch of this route passes through some of the major residential and commercial areas of Noida like 34, 62, 51, 52 etc. Sector 62 and 63 comprises of many leading educational hubs, industries, startups IT companies, and MNCs. Apart from this, it is also home to many residential projects. Even sector- 34 and 52 also house high-rise housing projects from leading developers. With the commencement of metro, it is sure to have an impact on the property market of these areas leading to an increase in the property rates of the residential and commercial property as well as land parcels too. Sector 71-77 have already witnessed many residential developments in recent time. There are many ready-to-move-in residential properties, for which there were no takers due to bad connectivity.

But as the metro is linked now, it’s obvious there will be a boon to this market too. Also, there will be a boost to the real estate markets of Surrounding Ghaziabad like Indirapuram and Crossing Republik.

At present, the average property price of the flats in these sectors varies from 3,243 per sq.ft to 6187 per sq.ft. However, the residential plots are available at an average price of 82,366 per sq. yards.