New sectors drive demand in Noida
The recent times in the realty sector of Noida have seen an upsurge in demand for the upcoming sectors. Sectors like 74, 76, 77, 120 and 121 have witnessed good demand. A lot of new residential projects have been launched in the last few years and buyers have shown keen interest in the projects present in these sectors.
Developers and builders are coming up with mega housing projects in Noida and Greater Noida alike. On offer are a slew of housing options in different sectors of these twin cities! Sectors 74, 77, 76, 78, 120 and 121 are near to Noida Extension and also very near to the already developed sectors of Noida. They are being developed at a rapid pace and prices are competitive in comparison to the other sectors of Noida.
Developers such as Ajnara India Ltd, Amrapali, Antriksh, Earth Infrastructures, Gaursons, Supertech, Prateek Group, Gulshan Homz and JM Housing limited have projects here, which cater to budgets cutting across segments from middle-income group (MIG) to high income group (HIG). From affordable to luxurious, these developers are building residential projects in all the categories as the demand for each category is huge today.
Ashok Gupta, managing director, Ajnara India Ltd says, “Sector 74 and other nearby sectors have alot of benefits. The presence of posh localities like sector 50, 58 and the presence of commercial centres, malls and institutions have played a major role in the development of all these upcoming sectors. The pricing right now is comparatively quite low when compared to the other nearby sectors which we believe will surely bring a lot of capital appreciation in the near future. In fact, the presence of City Centre metro station has also helped in enhancing the connectivity for these upcoming sectors”.
Prashant Tiwari, chairman and managing director, Prateek Group says, “These upcoming sectors are very near to bigger and better developed sectors which give them the extra edge. Presence of commercial centres and other infrastructural facilities are the added benefits. We believe that with the world class features and technology being used, these projects will very soon surpass the average price in the area which will be an added benefit to all those who invested here.”
Another sector which has witnessed good demand is sector-121 which falls just across the sector-58 of Noida. Its close vicinity with major malls and commercial centres has driven a lot of demand in the residential projects present in this sector.
Deepak Kapoor, director, GulshanHomz, talking about the area said, “the presence of wide connecting roads and its proximity with other renowned sectors which already has a lot of demand have been the key factors driving the demand. The price in nearby sectors like sector-50, 58, 60, 61 etc are much higher if compared to the price in these upcoming sectors.” Hence any intelligent buyer with some time in hand will invest in these sectors for not just capital appreciation but also better technology and better lifestyle.
Dushyant Sinha, founder director, Integrated Centre for Consultancy Pvt. Ltd (ICCPL)
The views expressed in this article are the author’s own.
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Posted on November 14, 2013, in Real Estate and tagged Flats in Delhi NCR, Flats in Noida, Greater Noida (WEST), Real Estate Company in India, Real Estate India, Sanjay Rastogi, Sanjay Rastogi Builder, Sanjay Rastogi Builders. Bookmark the permalink. Leave a comment.