ICCPL PROPERTY NEWS

FNG EXPRESSWAY: THE GATEWAY TO NCR’s PERIPHERAL CONNECTIVITY


      Decongestion of Delhi has long been on the cards and ever since the idea of satellite cities was formulated, there have been talks of interlinking them from the outskirts making sure that vehicular traffic between them does not need to pass through the national capital. Eastern Peripheral Expressway was one such project, a part of which is termed as the FNG Expressway connecting Faridabad, Noida and Ghaziabad. The six lane expressway is touted to be around 56 Kms long and will connect NH 24(NH 9) with NH 2 engulfing Ghaziabad, Noida and Faridabad. 20 Kms stretch of the expressway falls under the Noida – Greater Noida region and is expected to be complete by this year end. Once complete in true senses, this expressway will not only unlock land parcels in the regions along it but also allow working classes to buy affordable houses on the outskirts of the city which will cumulatively change the urban landscape of the region.

Throwing light on the same, Rakesh Yadav, Chairman, Antriksh India Group says, “History has been a witness to how well-developed infrastructure and connectivity shapes up the real estate prospects of a region. There exist a direct relation between real estate in a region and the region’s development with respect to infrastructure and connectivity. You talk about India and other countries, everyone’s real estate performance bets upon decent infrastructure and connectivity in the region to make sure that target audience is grabbed for short term which can be carried till long term as well. Localities with better road connectivity always get picked first in case of buying or developing the property and hence one can say that the completion of this expressway will boost real estate to a great extent in the adjoining regions.”

The same goes on to exemplify for both commercial and residential real estate which is very well reflected in the words of Manoj Chaudhary, MD, Airwil Infra who says, “Connectivity and quality of roads reduces the travel time between places hence increasing the approachability between them. Connectivity improves the social meetings with friends and families with low fuel expenses, low travel time and low distance. Travelling to workplaces also gets improved as the amount of time taken for reaching workplaces is reduced. As the time taken to travel to workplaces is reduced; hence people can enjoy their life apart from the office and spend more time with friends and families thus enhancing their lifestyle. Also, once a commercial property sets up in a region, it banks high on external catchment and if the location is well connected with decent infrastructure, it becomes 50 percent easy for the commercial property to meet its supply.”

FNG Expressway is bound to outshine the existing status of Noida’s already famed real estate because of the seamless connectivity it will provide to its multiple sectors such as sectors 137, 142, 150, 168, etc. Describing this further, Dhiraj Jain, Director, Mahagun Group says, “For a real estate region to be successful, location, connectivity and infrastructure play the maximum role. The supreme positioning of this expressway is sure to enhance the unmatched connectivity of these regions and give buyers another reason to invest in these sectors. This will ensure that people employed not only in Noida or Greater Noida but also in Faridabad can look out for residential options in these sectors. Also, with a proposed SEZ in vicinity of this expressway, it will open employment opportunities for people from both ends of the expressway.”  

Concluding on the benefits of this patch on NCR’s realty market, Deepak Kapoor, President CREDAI-Western UP & Director, Gulshan Homz says, “This project once completed will be a true blessing in disguise not only for a daily commuter as it will smoothen the nightmarish traffic on the 56 kms stretch, but is also one Infrastructural development which will prove to be a true boon for Real Estate Developers. Along with the stretching metro connectivity, all farfetched areas of Delhi NCR will slowly become more and more accessible and bring them to the forefront for the general masses. There are further plans to connect all five prime regions of Noida, Ghaziabad, Faridabad, Greater Noida and Gurgaon through a network of planned expressways which will further enhance the connectivity of the entire NCR.”

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