Noida, one of the largest industrial towns of India, has undergone an exemplary shift in the last few years. The city came into administrative existence on 17 April 1976. If you compare the present pictures of Noida with the ones taken just a decade back, you could see that the city was barely existent at that time.
If you are one of those who are looking for an abode in this dazzling city, but are confused about where to buy, here is an analysis of the top five localities of Noida based on parameters such as affordability, infrastructure, location advantages, future prospects, and value appreciation.
Yamuna Expressway is a 165-km long 6-lane elevated highway. Connected to Delhi via the Mahamaya Flyover, Yamuna Expressway is one of the rapidly developing localities of Noida. With the operational F1 Track and the proposal of Delhi- Mumbai Industrial Corridor, the area came into the focus among developers and investors.
With multiple developers floating their projects in different price ranges, Yamuna Expressway is good for investments today. The market is driven not only by upcoming residential projects, but also by future infrastructural plans by the government. You should have a long-term investment plan for this locality as prices are not expected to appreciate in the near future; but after 8-10 years, your investment may result in fruitful returns.
In Oct-Dec 2015 quarter, the property rates in Yamuna Expressway ranges between Rs. 2,603 –Rs. 4,023 per sq. ft.
The Greater Noida West -popularly known as Noida Extension- is a planned residential hub having planned shopping centres, commercial spaces and townships developed by renowned developers. The area offers good connectivity to three major cities- Noida, Greater Noida and Ghaziabad. The future of Noida Extension is bright in terms of price appreciation and connectivity. This is a future city where everything is well planned and area is set to witnessed great infrastructure boom like multi-level transport system, metro and basic amenities with world class facilities.
If you plan a short-term investment, around three years, then this is the best time for you to invest in Noida Extension projects as the prices have come down since last year. In Oct-Dec 2015 quarter, the property rates in Noida Extension ranges between Rs. 2,744-Rs 3,914 per sq.ft.
Greater Noida Expressway
Due to its excellent connectivity to sector 18 and commercial hub of Noida, projects along Greater Noida Expressway are gaining momentum. Key sectors along Greater Noida expressway are Sector 94, 124, 128, 107, 137, 143, 168, 150, etc. The rates here are reasonable and expected to increase in the near future because of proposed infrastructural developments like construction of flyovers, metro line and underpass.
In Oct-Dec 2015 quarter, the property rates in Greater Noida Expressway ranges between Rs. 3,965-Rs.6,306 per sq.ft.
Noida- Sector 74 to Sector 79
Bordered by the developed areas of sector 50 and 51, the belt from Noida Sector 74 to Sector 79, has seen rise in the demand of residential properties from the end users. Closeness to Greater Noida Expressway, NH24 and localities of East and South Delhi, makes these sectors more popular among buyers and investors. The area attracts end-users who are looking for ready to move in properties in the next 2-3 years. Connectivity to planned metro makes this locality an attractive buy for end users.
For more information about projects and builders in Noida visit Superise.com.