High­way hopes...

HT Estates - - HT­ES­TATES -

sales vol­umes as con­struc­tion nears com­ple­tion,” says Sa­man­tak Das, chief econ­o­mist and na­tional di­rec­tor-re­search, Knight Frank (In­dia) Pvt Ltd.

Hav­ing said this, two ba­sic prob­lems will con­tinue t o re­main un­re­solved – elec­tric­ity sup­ply and per­cep­tion of law and or­der, he says.

Ar­eas that will have an imme- di­ate im­pact in­clude Greater Noida West, Sid­dharth Vi­har, Cross­ings Repub­lik and Hi-Tech and in­te­grated town­ships. As the widen­ing in the sec­ond phase gets un­der­way, one will see de­vel­op­ments in Dasna, Pilkuah and Ha­pur belt. Many ar­eas such as Sid­dharth Vi­har ( Dil­shad Gar­den Metro) and Greater Noida West will ben­e­fit both from the Metro as well as widen­ing of NH 24.

The Gaur­sons In­dia Group plans to launch phase 2 of its project in Cross­ings Repub­lik, which will be spread across 8 acres at about 3,500 per sq ft. The builder also has about 12 acres in Sid­dharth Vi­har where it plans to launch a project once the fi­nal ap­provals are in place in the next six months. Prices are likely to be kept at 4,000 per sq ft. It is also ex­plor­ing pos­si­bil­i­ties of launch­ing projects in Hi-Tech City at a price point of

2,500 per sq ft to 3,500 per sq ft, says Manoj Gaur, MD, Gaur­sons In­dia.

The Ramaprastha Group, which has a 150 acre l and bank near the CISF camp in Indi­ra­pu­ram plans to launch a group hous­ing project this cal­en­dar year, says Nikhil Jain, CEO, Ramaprastha Group, adding that the project will be priced as per mar­ket dy­nam­ics.

Prashant Ti­wari, chair­man, Pra­teek Group, says that the first phase of the group’s project lo­cated in Sid­dharth Vi­har area, next to Indi­ra­pu­ram, will be de­liv­ered in two-and-a-half years around the same time that the NH 24 is ex­pected to be com­pleted.

The com­mer­cial mar­ket in Sec­tor 62, which has not taken off due to infrastructure is­sues, will also ben­e­fit from the widen­ing of the high­way.

The of­fice spaces in this area com­mand rentals of 35 per sq ft to 45 per sq ft per month. These may go up by at least 15% to 20% once the widened stretch is ready.

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