Tuesday, 15 April 2014

FNG Picked Fast Pace, Path To Realty Growth


The much-awaited Faridabad-Noida-Ghaziabad (FNG) Expressway project has finally on the track to speed up the work. The genesis of the highway rests in the need to shorten distance between the two major cities of the NCR region, Faridabad and Ghaziabad via Noida, which will benefit the commuters who face traffic jam daily. These locations are emerging as a good residential and work destination due to the expansion towards its peripheral areas, to ease traffic pressure on the capital by creating an external ring in the periphery. 


The development of the FNG Expressway is being constructed in purpose to serve the three cities of the NCR and is great news in terms of traffic decongestion, along with real estate development. Now that FNG Expressway work has finally picked speed, and project is seemingly on track, the real estate industry in Noida, Ghaziabad are gaining a boost. These city are emerging as the NCR's next big site for residential developments and has a lot of housing supply by various developers, along the developing sectors of FNG Expressway, one of which is ACEGroupIndia.

Sanjiv Srivastava, the MD of Assotech Ltd. says, "This expressway will establish a linkage with Gurgaon, which has happened after developers and builders under the banner of Credai (Confederation of Real Estate Developers Association of India) took the initiative-we have also renamed it G-FNG. As Yamuna Expressway is operational, this linkage will make traffic movement to Agra much smoother."

The work on the FNG Expressway has been on the fast track and it is emerging as an excellent stretch for realty sector.

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