FNG Expressway to redefine NCR landscape, property investment in THESE areas promises maximum gains News24 –

If you are thinking of buying or investing in property in Noida, Ghaziabad and Faridabad, then this is an interesting news for you. The construction of six-lane, 56 km long Faridabad-Noida-Ghaziabad (FNG) Expressway connecting these cities is advancing at a fast pace. Due to this, the real estate sector is witnessing a boom in the areas around this expressway.

Property consultants and developers believe that due to this expressway, both the demand and prices of property in these areas may increase in the coming time. As a result, investing in these areas can prove to be a good option.

The Faridabad–Noida–Ghaziabad Expressway, connecting major NCR cities, is not just a road, but a project that is completely influencing and changing the market in these regions. This under construction expressway will also be connected to other routes like Noida-Greater Noida Expressway, NH-9 and NH-19. This will not only reduce the traffic problem in the area, but also create new opportunities for home buyers and investors.

Sectors 168, 150, 140 and 122 of Noida are getting benefitted from this expressway, as they are directly near the FNG corridor. Out of these, Sector 168 and 150 have now become new hubs of growth. According to real estate consultants, property prices in Sector 168 have increased by more than 70% in the last four years. Better connectivity, increasing demand and the arrival of big developers are driving this change.

Due to the FNG Expressway, interest of people in Sector 168 as well as Sector 150 of Noida has increased significantly. The sector is famous for its luxury housing and greenery and has been one of the fastest growing housing markets in Noida since 2021.

According to a research by property consultant ANAROCK, Sector 150 of Noida, which is a hub of premium townships, has seen a tremendous increase of 139% in the average property price. Now the average price here has reached Rs 13,600 per square foot. At the same time, the average monthly rent has also increased by 71% to Rs 27,300. This increase is the highest among the 14 micro-markets of seven major cities of the country.