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Noida: Realtors upbeat but see no quick gains from Aqua Line launch

NOIDA: The Noida-Greater Noida metro hall can have created pleasure among builders and residents of recent town sectors, however belongings agents claim the actual impact of the brand new metro line between the twin cities might be felt on the region’s stagnant real property sector handiest after six months to a yr.

“Any undertaking alongside the metro hall gets an advantage as a result of connectivity, however the alternate is rarely overnight. Builders may be cheering the news, however there's no rapid pleasure among consumers as a result of the Aqua Line. But we are hoping in about six months to at least one yr time, people would get started on the lookout for belongings choices by means of maintaining the metro connectivity in mind,” stated Yash Gupta, co-owner of Gupta Properties.

According to real property experts, the metro line is a boon for new residential sectors of Noida — sectors 137, 142, 143, 144 on one facet of the street, and sectors 168 and 150 on the different facet.

It’s also anticipated to provide students of more than a few private universities in Greater Noida extra residential choices alongside the Expressway and Noida residents who paintings in Greater Noida may contemplate relocating too, however those would not have any rapid impact on belongings costs or rental, they say.

“The Aqua Line which is predicted to cover 21 statio-ns and 30km distance will deliver the 2 cities closer. This is excellent information for the ones individuals who have workplaces in Greater Noida and likewise for those who want to live in Noida whilst working or finding out in Greater Noida. We are expecting an build up in call for for flats in sectors like 150 which is the farthest Noida sector and which has an enormous line up of flats bobbing up,” stated Prashant Tiwari, president of Credai-western UP.

“But the metro line’s impact on the belongings costs or rentals may also be felt handiest by means of the top of this yr. The residences on either side of Expressway are still to be had in the range of Rs 10,000 to Rs 15,000 and rented out by means of consumers to cover upkeep charges,” stated Sanjeet Kumar a Sector 62-based broker.

The impact of the Aqua Line is also dependent on the industrial and trade centres which might be covered up for completion on both aspects of the Expressway.

“The real impact of the metro connectivity on costs might be observed after a yr or two when the commercial complexes and place of work structures alongside the Expressway arise and people get started commuting to those sectors for paintings,” stated Shrawan Saini, every other Noida-based belongings broker.

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