Noida Residential Property Market is Best for Homebuyers

Sound social and physical infrastructure like educational institutes, 5-star hotels, shopping malls, hospitals, commercial hubs, Metro link, along with wide city roads has made Noida one of the best places to live in the NCR

Noida’s residential property market has a slew of options for end users and investors, especially in the mid-size category, at reasonable price tags. And, as the city offers locational advantages coupled with sound infrastructure, it has become a sought-after destination for homebuyers from across the NCR.

While demand for affordable housing is high, premium properties, too, have attracted buyers in prime locations like Sectors 44, 74, 75, 76, 77, 78, 94, 119, 137, 143, 142, etc. These sectors offer great scope for strong and sustained growth for all segments of real estate.

Developers, realtors, and property professionals are all upbeat about the future prospects of real estate in this hot location. Average property rates are in the range of Rs 4,500-5,000 per sq ft onwards, depending on the size of the property and the location.

However, going forward the supply situation may remain subdued due to the deferred completion of a number of new projects and reduction in the number of launches across affordable and premium categories. Therefore, residential property prices may see a marginal increase in 2014.

Supply levels are likely to improve in the second half of 2014. Till then, the decline in new launches will help property owners firm up their rents and also help new sellers in the resale market demand more in capital-value terms.

The forthcoming and ready-to-movein projects have various options, from affordable to mid-segment to luxury residential projects with high technology and world-class facilities.

Several projects under construction here offer partial payment plans and construction-linked plans, apart from the down payment plan. The fittings and fixtures are all branded products of premium quality, apart from the use of ecofriendly products and processes in the construction.

Prime locations in the area like Noida Expressway and other developing sectors are now ready with several readyto-move-in houses in different projects like JP’s Wish Town, Logix Group’s Blossom Greens, Logix Blossom County, Gulshan Homz’s Vivante, Antriksh Group’s Antriksh Golf View, Antriksh Forest, and Antriksh Canball, Paramount Group’s Golf Forest, Grand Omaxe, Paras Olympia, Paras Tierea, Paras Seasons, Amrapali Group’s Amrapali Silicon City, Amrapali Sapphire, Amrapali Zodiac, Amrapali Platinum, Amrapali Silicon City, Assotech Ltd’s Celeste Towers, etc. Other major developers like Mahagun, ATS, Unitech, Wave, 3C, etc, also have modern projects with the latest lifestyle features here.

These high-end luxury and affordable houses are almost complete and are likely to be delivered by the year end, while some are ready for possession.

Supertech Group, one of India’s leading real estate giants has some wordclass residential, commercial, and mixed-use projects in this area. Supertech is committed to deliver nearly 5,125 apartments in different locations of the NCR like Noida, Greater Noida, Ghaziabad, and Meerut by the end of this year. Supernova, one of India’s tallest and biggest mixed-use projects is coming up here. This project by Supertech has five towers—Spira, Nova East, Nova West, Astralis, and Aurora tower. Spira consists of residences and studio apartments, Spira Suites.

Supertech also has North Eye, north India’s tallest residential development, in Sector 74, Noida. The tower is 255 metres high with 66 floors. This classy residential tower also comprises fully-furnished studio apartments with all modern amenities.

ORB is another luxurious project by Supertech Limited. This three-tower project has futuristic luxury homes with high-tech automated facilities, surrounded by landscaped ambience. Supertech is constructing all these projects by the use of precast and jump form technology. Supertech is the pioneer in bringing these technologies for real estate sector in India. Both these technologies are a boon for speedy construction and timely execution realty projects.

Supertech Limited is offering various projects in the affordable category too. The company has introduced Ecociti on Noida Expressway. Eco Village I, II, and III are eco-friendly residential projects offering 1-, 2-, 3-, and 4BHK apartments. Livingston, in Crossings Republik, Ghaziabad and 34 Pavilion in Sector 34, Noida, are other projects in the affordable segment. The company has projects in the commercial segment also like E Square, Eco Bazaar I and II. Supertech has now entered into the education sector with Supertech University, an initiative of Supertech Foundation, in Udham Singh Nagar district of Uttarakhand, Arora said.

Amrapali Group is going to deliver nearly 10,000 residential units in different locations of the NCR; currently, more than 3,000 units would be delivered from March 2014 onwards, a spokesman of the group said.

Anil Sharma, CMD of Amrapali Group and president of Credai-NCR, says: “We have started giving possession to our customers in our projects like Amrapali Zodiac, Amrapali Sapphire, Amrapali Silicon City, Amrapali Princely Estate, Amrapali Village, Amrapali Empire, Amrapali Castle, etc. Amrapali Sapphire is a premium project which has been launched in two phases. The first phase is over 10 acres with 1,100 residential units being built at a cost Rs 275 crore. The second phase is over 12.5 acres that offers 2-, 3-, and 4BHK apartments in the size range of 1,140-3,075 sq ft.”

Wave Group will have ultraluxurious villas in its premier Wave City Center project in Sector 32, Noida. These villas will be based on the concept of green living. This will be an eco-friendly luxurious community with rainwater harvesting, solar-hybrid water heating and waste management systems, a spokesman of the firm said. The entry to villas is directly from the lower ground floor, with the cars going directly to the lower ground floor from the entrance-parking is right under the villas.

There will also be an exotic clubhouse at The Villas over 50,000 sq ft of builtup area with a world-class health club, kids’ play area, kids’ day care, an avant garde library, concierge services, stateof-the-art unisex salon, luxury spa, etc.

ATS Group is developing ATS Pristine on 23 acres; this project offers 3BHK, 3 plus 1BHK and 4 plus 1BHK apartments with super area of 1,750 sq ft, 2,300 sq ft, and 3,200 sq ft. The project has 13 towers and 14 villas, with facades built in the Mediterranean style—the design is by Hafeez Contractor.

Getamber Anand, CMD of ATS Group, says: “ATS Pristine is supported by world-class amenities, exceptional design, and lush green landscape outdoors. ATS Pristine offers a life of unparalleled convenience.”

Greater Noida West is another important destination in this region and has a huge potential as in the next five years, this developing area will be in a position to deliver nearly 5 lakh housing units, catering to a population of nearly 10 lakh people.

There are more than 75 projects open for booking in Greater Noida West by top builders like Amrapali, Supertech, Gaursons Group, Ajnara India Ltd, Antriksh Group, KV Developers, RG Group, Arihant, Paramount Group, Addela Group, BS Buildtech, Saviour, Rajnigandha, Nirala Group, Earth Infrastructures, Premia Group, Panchsheel, Paramount, AVJ Group, etc.

Greater Noida West has very good connectivity with Greater Noida, Noida, and Delhi. To provide direct connectivity the existing Sector 32, the Metro line will be extended up to Greater Noida West via Sector 72. The 7 km long stretch will cost around Rs 1,400 crore, of which Rs 1,100 would be shared by Noida and Greater Noida Authorities, depending on the territory falling under their jurisdiction. Jaypee Greens is offering possession of select towers at Pavilion Court in Wish Town in Sector 128 on Noida Expressway. These towers are strategically located, modern, fully-finished and come in the 1-, 2-, 3BHK, and studio format.

Wish Town is a fine integrated township with a capacity to house around 35,000 residents. Spread over 1,150 acres, it offers a choice in residential, institutional, educational, healthcare, and recreational facilities to residents. It is an ideal mix of plots and apartments in the size range of 128-418 sq metres, along with an array of town homes, mid- to high rise apartments and lavish penthouse units.

Property Rates in Noida Region

Property Rates in Noida are range from 4,500 sq. ft. To 6,000 per sq. ft. Its basically depend on the size of the property and location. Some projects are under construction which is offered CLP plan, 50:50 plan and down payment plan

Related posts