The Noida Expressway is a commercial real estate corridor characterized by its dynamic and rapidly evolving nature. Its strong points include its strategic location, excellent connectivity, and continuous infrastructure development.
One of the main thoroughfares linking Noida and Greater Noida, the Noida Expressway, has become a popular place to grow commercial real estate. High-street retail and office space are in high demand along this corridor, thus driving significant real estate development in the area. Buyers and investors see it as a one-stop shop for work, play, and entertainment.
The supply of retail space is expected to increase by 45% from the current 91 million square feet across seven major cities by 2028, supporting developers’ desire to expand their retail footprint. Recent market insights support this data. Delhi-NCR’s retail stock supply is anticipated to increase by 34%.
The expressway’s advantageous location and first-rate connectivity to other hubs are the key characteristics that make it a popular destination with strong return potential. It connects to the Yamuna Expressway in addition to Noida and Greater Noida, giving direct access to many significant Uttar Pradesh cities. The corridor has changed due to its proximity to the future Jewar Airport (Noida International Airport), which has made it a hub for office and retail expansion. The upcoming metro expansion in the area has also increased residential and commercial properties. This has boosted local company growth and raised property values, which has improved the socioeconomic development of the region as a whole.
Parallel to the current Noida Expressway, a new highway is being built thanks to cooperation between the irrigation department, REITS, NHAI, and the Noida Authority. With the construction of the Noida International Airport and the city’s expanding business sector, traffic is likely to rise, which this strategic infrastructure development seeks to handle. The area’s real estate market would benefit even more from this improved connectivity.
Additionally, a noteworthy trend in this expanding market is the growth of office and retail projects, which can be attributed to the extensive infrastructure development. The growth of small businesses, startups, and established companies has made the expressway a hub for job opportunities. The demand for commercial space in the area has increased as a result. The increased demand for premium office spaces is primarily driven by well-known companies like Tata Consultancy Services (TCS), Axis Bank, and top IT companies that have secured office spaces along the expressway. Astute investors can profit greatly from this trend by investing in these areas.
Concurrently, end users are seeing mixed-use commercials, high-street projects, and shop-cum offices as the hub of entertainment, leisure, and work all rolled into one, which is driving upshooting of the underlying demand for these projects in the corridor.
According to recent reports, domestic companies are predicted to account for more than 50% of the demand for offices IN 2024, with GCCs expected to gain even more ground and account for more than 40% of the total need. According to experts, Noida’s commercial real estate has flourished since the construction of the Yamuna and Noida expressways, opening up numerous investment opportunities with the expansion of retail and commercial properties.
The Noida Expressway offers substantial appreciation potential alongside numerous retail offerings, making it an ideal place to invest in retail. These connected elements solidify the corridor’s standing as one of the best places to find commercial real estate, guaranteeing a sizable influx of customers and excellent returns.
The Noida Expressway is a commercial real estate corridor that is rapidly changing and vibrant due to its strategic location, excellent connectivity, and ongoing infrastructure development. As the area expands, it presents businesses and investors with opportunities never seen before, guaranteeing long-term prosperity and steady growth.