Three real estate investment hotspots for Rs 50 lakh in NCR

The NCR cities of Gurgaon, Noida and Ghaziabad still have a number of residential properties under Rs 50 lakh. Here are three locations, which you could consider from a 3-5 year investment horizon.

Sector 92, Gurgaon: As a developing area, Sector 92 in Gurgaon holds a promising future. It is accessible from the NH-8 as well as Pataudi Road. At present, some stretches, which connect this sector to the main roads, do not have proper roads and street lights, but the picture is expected to change once more and more people start moving into the surrounding areas. At present, there are several real estate projects that are near completion.

However, the area has a long way to go in terms of metro rail connectivity. IFFCO Chowk Metro Station, which is the nearest, is at a distance of almost 15km. “The sector is a part of the Gurgaon Master Plan 2021 which indicates that the area will get the necessary infrastructure,” says Pradeep Verma of Shine Properties.

The price of a 1,000 sq ft apartment in a multi-storey project ranges between Rs 48-50 lakh in this area.

Sector 120, Noida: It is a well-connected area with wide roads. Some large residential real estate projects have already given possession in the past few months and some are at the final stages of completion. A number of families have already moved into this area and there is limited availability of ready-to-move-in apartments in the resale market.

The sector enjoys easy accessibility to prestigious schools, hospitals and shopping centres. The nearest metro station, Noida City Centre, is located at a distance of 5km.

In Sector 120, the price of a 1,000 sq ft apartment in a multi-storey project would start from Rs 42 lakh onwards.

Vaishali, Ghaziabad: This location offers a number of options in both under-construction and ready-to-move-in properties. One can find a 1,000 sq ft single floor or an apartment in a multi-storey building within Rs 38-45 lakh.

“Vaishali has its own metro station and thus, is connected to all major parts of New Delhi, Noida and Gurgaon.

Source :magicbricks.com

For more Information Sanjay Rastogi, Email Us Or SMS :SAVIOUR at 53030

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About Saviour Builders

Saviour Builders Pvt. Ltd. is one of the leading real estate developers in Delhi NCR. The Saviour Group is the tantamount to deliver contemporary quality amid excellence and diverse innovation. It has emerged as one of the prominent entities in the real estate sector of India and is into residential, commercial and township projects in and around Delhi NCR. The Group devotes its complete dedication to reach higher and build better. With its immense hard work and loyalty, Saviour has accomplished the dream of delivering various tremendous infrastructures round the city. We intend to provide you with affordable houses in the Delhi NCR region. Some of its significant projects like Saviour Greenisle, Saviour Park, Saviour Street, Gaur City -1, Gaur City -2 and many more have created a new benchmark within the trade. Today, we have our presence at Noida, Noida Extension, Greater Noida (West) and Ghaziabad. We, at Saviour, are building homes based on trust and you are invited to build your future with us. We help you live your dream of living in style.

Posted on October 8, 2013, in Real Estate and tagged , , , , . Bookmark the permalink. Leave a comment.

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