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(Article written by Praeep Singh, Director Square Meters - December, 2011)
Comparing Noida Expressway / Dwarka Expressway / Faridabad Expressway
Noida e-way:
1) Ready Expressway 2) Decent connectivity with Delhi (as of date) 3) Concentrated development along the expressway within 12 KM's od Mahamaya flyover 4) Work opportunities exist and coming up on expressway 5) Some what infrastructure exists for development along with expressway 6) People already living nearby (eg: ATS greens etc) 7) Expected time for Development: 2-4 years 8) NOIDa eWay rates 4500-5000 psf (June, 2011) 9) Expected to give 150% returns
Dwarka eway:
1) No infrastructure at all, just vilages and farms nearby. 2) Area is Totally dependent upon success of Dwarka-Gurgaon. expressway for better approach. 3) No commercial offerings as of now. 4) If Dwarka expressway comes up, fast connectivity to Dwarka - but still who visits dwarka every day? 5) Hype about diplomats/embassies being shifted to this expressway. 6) Expected time for Development: 2-4 years. 7) Dwarka E-way rates 6000 psf (June, 2011) Expected to give 200% returns
Faridabad/Neharpar:
1) Its confirmed no FNG to reach Faridabad. 2) Solely dependent on Eastern Periphery Road to come up. 3) Faridabad is famous for not giving excellent returns. 4) Not many corporates in service sector have presense in Faridabad. 5) Neharpar area does not has excellent connectivity with Delhi/Gurgaon/Noida. 6) Expected time for Development: 8+ years. 7) Neharpar rates 3500-4000 psf (May, 2011) 8) Expected to give 100% returns
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