Introduction
Buyers are moving their attention to residential complexes in Noida due to the restricted options and high property prices available in the real estate marketplaces in Delhi and Gurgaon. This is because real estate markets exist in both Delhi and Gurgaon.
The city has done better than others because of the abundance of choices at reasonable prices and the steady increase in the costs of those options. We have compiled a list of the top 5 developing sites in Noida, which are expected to see significant price increases over the next years and provide a wide range of attractive residential options.
Following COVID-19, Noida has become one of the most popular places to live in the NCR because of its combination of upcoming international airports, reasonably priced homes, and continuous infrastructure improvements. Homebuyers’ decision-making processes have been sped up by the wide variety of options accessible in once sparsely populated developing regions.
The principal advantage of migrating to a developing region is the possibility for price gain due to the simultaneous construction of new infrastructure and the establishment of new communities. Noida’s top 10 developing areas are sectors 49, 70, 75, 110, 119, 120, 129, 134, 151, and 168. Look no further if you’re a homeowner seeking a healthier, more lucrative community.
Sector 49, Noida
Sector 49 in Noida comprises independent houses and builder floors, and its favourable position is adjacent to Dadri Main Road. Society apartments are also available; the most in-demand configuration is a two-bedroom, two-bathroom unit. Following an annual growth rate of 33 per cent, property prices here have stabilised at around Rs 3,200 per square foot on average.
Its convenient location, with easy access to job centres like ETT and NSEZ, as well as its closeness to the Sector 76 Metro Station on the Noida Metro Line (3 kilometres) and the Wave City Centre on the Delhi Metro Blue Line (5 kilometres), have made it a popular housing hub in the region. An apartment with two bedrooms and two bathrooms in Sector 49 may get between Rs 10,000 and Rs 15,000 in monthly rent. As part of the extensive real estate development in the area, both an underpass and a proposed elevated road have been erected at the intersection of Sector 49/41 and the Dadri-Surajpur Chhalera Road.
Sector 119, Noida
Noida’s business sectors 62, 63, 18, and Techzone 4 are easily accessible through the Faridabad-Noida-Ghaziabad Expressway (FNG Expressway), which is connected to Sector 119. Even the private Sector 119 has excellent infrastructure and convenient connections to other parts of the city. Residential societies have been developed or are now under construction in the neighbourhood, and multi-story apartments are sold for Rs 5,300 per square foot.
Over a year, prices in this area increased by around 5%. “Sector 119 is a burgeoning area with tremendous investment potential,” said Pushpendra Kumar, owner of Realty Bytes in Noida. “This is because of its proximity to the future Jewar International Airport through the Yamuna Expressway.” There will also be a Noida metro station on the Aqua Line near Sector 122, and a green belt and established connected roads are within a kilometre of the area. The neighbourhood benefits from all of these factors.
Sector 140, Noida
Sector 140 in Noida is often considered one of the city’s most attractive real estate sectors due to the high concentration of recently built residences. Most recently built houses with three bedrooms and one and a half bathrooms cost Rs 5,500 per square foot and are listed at this price.
Accessible conveniences abound in the surrounding towns, from grocery stores and pharmacies to beauty salons, office supply stores, restaurants, and even dairy-free options. In the first quarter of 2022, the annual rental return is 2%, and the annual price rise is expected to be 4%. There has been no change in any of these numbers since the new year began. Nearby projects like Fairfox EON Noida, CRC Sector 140A Noida and SKA Orion.
Sector 151, Noida
Multi-story apartments in Sector 151, a rapidly developing area, start at a price of Rs 4,000 per square foot. Property values here have increased by more than 14% annually. The Noida-Greater Noida Expressway passes through the area, and the Sector 148 station on the Aqua Metro Line is conveniently within walking distance. The typical monthly rent in this area is around 8,000 rupees.
“Sector 151 attracts a lot of investors since it has a lot of planned projects and plenty of cheap land for sale (Rs 28,000 to Rs 40,000 per square yard). Even though the region has a solid road system, the low occupancy rate is mostly attributable to the sporadic availability of public transit.”
Sector 168, Noida
Sector 168 is a growing neighbourhood with convenient access to all of Noida, Greater Noida, and Delhi, thanks to its location right next to the Noida-Greater Noida Expressway. As a result of being so close to the freeway, Gaur City Resale Noida, the area has seen a rise in crime. Sector 142 is located to the north of this one, while Sector 135 can be found to the west.
Area 135 and Sector 142 are home to several large-scale office spaces and information technology parks, contributing to the region’s strong demand for rental. It will cost Rs 12,000 a month to rent a two-bedroom, two-bathroom apartment in Sector 168.
The apartment complexes that make up the residential developments are either already finished and ready for move-in or are in the early stages of construction and will be shortly ready. The annual rate of rise in the price per square foot of real estate has been over 10% and has already reached Rs 5,300.
Conclusion
The districts, as mentioned earlier, are only a few of many in Noida that have substantially boosted the city’s average price rise and rental yield. But before you put your money into real estate, you should do your homework and learn everything you can about the neighbourhood.
