by Sudhir Khatana 
Written by Sudhir Khatana, CRE Consultant, Noida
The Noida Expressway is a dynamic and rapidly-evolving commercial real estate corridor, bolstered by strategic location, excellent connectivity, and ongoing infrastructure development. This vital artery connecting Noida and Greater Noida is emerging as a preferred destination for commercial real estate growth. Investors and buyers view it as a comprehensive hub for entertainment, recreation, and workspace.
Strategic Location and Connectivity
The Noida Expressway’s prime feature is its strategic location, offering excellent connectivity to other hubs. It not only links Noida and Greater Noida but also connects to the Yamuna Expressway, providing direct access to numerous important cities in Uttar Pradesh. Proximity to the upcoming Jewar Airport (Noida International Airport) has transformed the corridor, making it a hub for office and retail expansion. Additionally, the upcoming metro expansion in the region has led to increased property values and stimulated local businesses, contributing to the region’s overall socio-economic development.
Figure 1: Connectivity and Key Locations around Noida Expressway
Infrastructure Development
With collaborative efforts between the Noida Authority, RITES, NHAI, and the irrigation department, a new highway is under construction, parallel to the existing Noida Expressway. This strategic infrastructure development aims to address the anticipated surge in traffic due to Noida’s growing business activity and the upcoming Noida International Airport. Enhanced connectivity will further boost the region’s realty landscape.
Rise in Retail and Office Spaces
According to the latest market insights, the retail space supply is positioned to rise by 45% from the current 91 million sq ft across seven major cities by 2028. Delhi-NCR is expected to add 34% to its retail stock supply, reflecting developers’ keenness to diversify their retail footprint.
Figure 2: Projected Retail Space Supply Growth (2024-2028)
The expressway has become a hotspot for employment opportunities, attracting startups, established companies, and small businesses. Renowned companies like Tata Consultancy Services (TCS), Axis Bank, and leading IT firms have secured office spaces along the expressway, driving increased demand for premium office spaces. This trend offers astute investors a chance to leverage these spaces for great ROI.
Figure 3: Office Space Demand by Sector (2024)
Diverse Commercial Projects
The demand for diverse types of projects such as Shop-cum-Offices, mixed-use commercials, and high-street projects is rising as end-users view them as nuclei of entertainment, recreation, and workspace. Recent reports indicate domestic companies are expected to contribute over 50% of the office demand in 2024, with GCCs gaining further ground, accounting for over 40% of the total demand.
Appreciation Potential
The Noida Expressway presents significant appreciation potential amidst diverse retail offerings, creating a favorable environment for retail investments. These factors ensure a substantial influx of customers and high returns on investment, solidifying the corridor’s status as a prime commercial real estate destination.
In conclusion, the Noida Expressway stands out as a dynamic and rapidly-evolving commercial real estate corridor. As the region continues to grow, it offers unparalleled opportunities for investors and businesses, ensuring sustained growth and prosperity for the foreseeable future.
Sudhir Khatana
CRE Consultant, Noida
LinkedIn: Sudhir Khatana
