NOIDA ( New Okhla Industrial Development Authority) is one of the cities created by Urban development program initiated by Sanjay Gandhi. Noida became an independent administrative body on 17th April 1976. After that, it has gone an ideal shift towards the development of industries in the last few years. Also, It is India’s greenest city, covering almost 50% visible land with trees.
If you are one of many people who are looking for settling down at this place but has no clue where to begin your search. Then luckily you have landed in the right place, these are Noida’s most desirable localities with respect to infrastructure, value for money, site advantages, depreciation value and resource allocation.
It is a 165 Kilometer long stretched highway connecting Delhi through Mahamaya Flyover. It is one the rapid developing localities of Noida. There are basically two things that make this area one of most wanted place in Noida.
The area first came into limelight in the year 2011, when a German engineer successfully designs the India’s first F1 Racing arena. It was inaugurated on 30th of October in 2011 itself. As the area starts rapidly developing, slowly prospective buyers, developers, as well as investors were approaching to procure a piece of land near the Circuit.
Next again this area grabs the attention of fellow investors when government of India issues a press release announcing the Industrial Corridor. Industrial corridor is the shortest distance between the capital of the country (Delhi) to its financial hub (Mumbai). Japan has also collaborated in this project and provided a huge monetary support of ₹1,000 crore for rapid development of the passage.
Slowly projects start developing near the highway. Each project has different site advantage and depreciation value. Each project has affordable price for every income range. According to data from 2015’s last quarter- per square feet rate is around Rs 2,603- Rs 4,023. Investing in this area may not seem much beneficial right now but after a few years, definitely, it will bore high results.
Noida Extension is also known as The Greater Noida West. It basically works as a junction between three major cities- Ghaziabad, Greater Noida, and Noida. After the year 2010, this part of the city witnessed a raid infrastructure boom from rest of UP. Shops, Planned Parking, Multiplexes, Residential zones, you just name it, it’s been built there. Since the area provides such connectivity and also marketplaces are been developed, slowly investors, as well as buyers, starts flocking around the place. This is a future city having all the basic amenities like metro, near by airport, good transport system etc.
If you’re an investor looking for short-term investment (3 years) in real estate properties near Noida, then this the most suitable place to bet your money. Slowly due to innovation and such price affordability, from last year onwards many new extension projects starts rising up, within very affordable range. From 2015’s last quarter stats the value of square per ft. of a property is Rs 2744 – Rs 3914.
Projects nearby Greater Noida Expressway are slowly gaining momentum due its affordable prices as well as connectivity between sector 18 and the main commercial hub of Noida. The following sectors falls along the Greater Noida Expressway :
These sectors have developed and fully furnished residential building already going up for sale. As of December of 2015 the property rates ranging between Rs. 3,965-Rs.6,306 per sq.ft.are available for buyers. A recent boom is expected to come to this area soon due to all undergoing projects like metro, underpass, over bridges and multilayer transport systems. Prices are expected to rise soon here, If you’re few of the people wanted to buy properties around this sector then this is the golden time to do so.
Both Sector 74 and Sector 79 have witnessed a sudden interest in residential options from end buyers. This is mainly because of the fact that adjoining sectors 50 and 51 have been already saturated due to :
Sector 74 and Sector 79 attracts end buyers, who want to settle in their life and searching for affordable properties in Noida with good accessibility. Most of the projects already have been finished and ready to move in. Along with growing marketplace, the almost finished metro project is the cherry on the top.