In Delhi NCR, Noida is among the top
priority destinations for realty investment. Property investors
anticipate lucrative property deals in this city. The new Master Plan
2031 is likely to influence the real estate market of Noida in the
coming years. Drawn out by Noida Authority, the new master plan has been
recently approved by the NCR Planning Board, which is expected to
benefit both developers and property investors. The new Master Plan 2031
was first drafted in the year 2009, which has a lot of scope for
residential, infrastructural, and commercial development in the city. As
per the plan, a number of projects for widening roads with elevated
structure, underpasses, flyovers, greenery environment, highrise
buildings, luxury hotels, Metro link, and road linkages are proposed.
Highlights of New Master Plan
As the new master plan states, Noida’s population will be around 25 lakh after two decades. This projected population is 19 lakh more than the current population of this city. On the contrary, land bank in the city is almost saturated to meet prospective residential demand in future. Therefore, the prime focus will be on developing multi-storeyed apartments. Keeping in mind the less availability of land as compared to rising demand of housings, Noida is planning to increase FAR (Floor Area Ratio). The new master plan has proposed plenty of space for green bodies, which has been increased by 40%. Out of this, 15% will be for construction work like parks, recreational areas, etc. And the rest 25 % area is not allowed for any kind of construction. Moreover, following are the highlighting features of the Master Plan 2031:
Proposed Metro Link
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As the new master plan states, Noida’s population will be around 25 lakh after two decades. This projected population is 19 lakh more than the current population of this city. On the contrary, land bank in the city is almost saturated to meet prospective residential demand in future. Therefore, the prime focus will be on developing multi-storeyed apartments. Keeping in mind the less availability of land as compared to rising demand of housings, Noida is planning to increase FAR (Floor Area Ratio). The new master plan has proposed plenty of space for green bodies, which has been increased by 40%. Out of this, 15% will be for construction work like parks, recreational areas, etc. And the rest 25 % area is not allowed for any kind of construction. Moreover, following are the highlighting features of the Master Plan 2031:
Proposed Metro Link
- Noida City Center-Sector 71 and NH-24
- Noida City Center-Sector 71, 121, and Greater Noida
- Noida City Center-Sector 50, 78, 142, and along the Expressway to Greater Noida
- Kalindi Kunj-Botanical Garden
- Sector 94/124-Sector 142 via Sector 44
- Sector 71-Bodaki, Greater Noida via Sector 121
- Sector 21-12, 56 T-points on Master Plan Road 1
- Vishwa Bharti School-Sector 61 on Master Plan Road 2
- Sector 60-NH 24 on Master Plan Road 3
- Sector 49-110 on DSC Road
- Extension of Film City Flyover
- Sector 19 and 27 near Spice Mall
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