The sector has a good mix of commercial space and residential space, making it self-sustaining for residents in the long run
Facing the Noida Expressway and the upcoming FNG Expressway, Sector 143 has witnessed remarkable development in the last few years.
“There really is not much of a difference between Sector 143A and B in terms of property offerings and infrastructure development,” says Akash Mehta of TMR Realtech. “Both have two key approach roads in the form of Noida-Greater Noida Expressway and Faridabad-Noida-Ghaziabad (FNG) corridor. And because of these two key developments, Sector 143 as a whole is a prime location for investors.”
The other advantage is the good mix of commercial space and residential space, making it self-sustaining. MNC offices are also a short drive from Sector 143.
“Connectivity-wise, the sector is ideal as the proposed ISBT bus station is expected to come up here in the future, which will be the terminating point for many city and state buses,” says Anurag Aggarwal of AJ Estates. “This factor with the upcoming FNG Expressway places Sector 143 in an ideal location when it comes to residences.”
Currently, the property values in Sector 143 range from Rs 3,900-5,500 per square feet. While properties in Sector 143B were previously priced slightly higher as compared to Sector 143A, according to industry experts, the price difference between the two today are not very big, especially with several projects at various stages of construction.
“Currently it is a buyer’s market, which means that a genuine buyer can get a good price irrespective of whether he/she buys in A or B,” says Mehta.
In terms of social infrastructure, there are not many schools close by. And this has been a deterrent for those looking to buy a house to live in.
But industry players are optimistic about the development of this location.
“In 3-4 years, as the FNG expressway develops, Sector 143 can be expected to grow in value based on its location,” says Aggarwal. “The state government has allotted a land bank for IT and ITeS companies near the sector. Given this, the location can prove to be an excellent asset from a larger perspective in terms of investment.”
Sector 143 has a range of offerings catering to a wide section of buyers, from 2BHKs to luxury apartment complexes.
Thus a 2BHK with a unit size of 900 square feet is priced around Rs 47 lakh in a high-end complex.
In contrast, a 3BHK with a unit size of 1,295 square feet can be bought at around Rs 41 lakh at a moderate project.
In the high-end segment, a 3BHK with unit sizes varying from 1,695-2,000 square feet, the prices range from Rs 62-85 lakh.
A luxury 4 BHK apartment of 2,750 square feet is available at around Rs 1.43 crore.