As Faridabad-Noida-Ghaziabad (FNG) Expressway is going to be completed in the next few months, it is set to offer a big relief to the commuters on this route. It will be a six lane and approximately 56 km long expressway which is aimed to connect National Highway (NH) Number 24 with NH 2 covering Faridabad, Noida and Ghaziabad. Around 20 km of the expressway passes through Noida-Greater Noida region. If rumours are to be believed, the FNG expressway is expected to complete by March’18. Once operational, it will not only decongest traffic chaos in Delhi but also open avenues for homebuyers to invest in the real estate alongside the expressway. This article is to tell you all about how FNG Expressway will change the phase of real estate in Noida.
A Boon for Noida’s Real Estate Market
As connectivity plays a very crucial role in the real estate market, hence the new expressway has opened a gateway for real estate developers in all the three regions. Those, who will get a chance to stay on the stretch of FNG Expressway will be able to commute Ghaziabad, Noida and Faridabad, without a hassle. The proposed Noida-Greater Noida Metro will also make its way from the area around FNG Expressway. With so many facilities to offer, the homebuyers, as well as those looking for commercial spaces find this locality as one of the most lucrative places to invest. In addition to this, it promises to ease the travelling process and time for commuters going towards the commercial offices in Noida Special Economic Zone (NSEZ).
Important Sectors to Benefit
The FNG Expressway is seen as a game changer, especially for the Noida’s real estate market. The sectors, such as 135, 137, 142, 143, 150, 163, NSEZ, etc are to name a few places that will be getting benefits from this jam-free connectivity. The strategic location of expressway will be able to create a trust factor among buyers to invest in the property sited in these sectors. It is also said by experts that a new Special Economic Zone (SEZ) is proposed in proximity to the expressway, hence it will open ways for new employment opportunities for the people of Noida, Faridabad and Ghaziabad.
This futuristic project is like a blessing in disguise. It will not only resolve the nightmarish traffic issue for commuters but also has potential to revive the on-going slowdown in the Noida’s real estate sector.