Noida and its adjacent areas have high supply of residential property. Happykeys team brings you the four top most affordable areas to buy residential property in this region. Read on.
Noida has undergone a slew of new infrastructure development in the last couple of years. The city has become one of the largest industrial cluster in India with respect to the establishment of IT industries and commercial sectors. The commercial set up in the city has played vital role in framing the success story of Noida.
The city has witnessed development on all fronts from civic infrastructure to smooth connectivity and is also seeing an increasing demand in the affordable housing segment. Here’s is a report by the Happykeys team that helps you choose the most suitable budget property locality in Noida real estate market. This analysis is based on key factors as price, connectivity, location advantage, civic infrastructure, price appreciation, future prospects etc.
Here are the four top localities which have affordable property options:
Noida – Sectors (49, 150-51, 118, 129,131,134, 144)
These sectors in Noida are surrounded by fully developed areas like sectors 10, 11, 12, 22, 18 and 62. These areas are well-mapped with good infrastructure and have been on the top list of home buyers.
These sectors are located next to NH- 24 which provides easy access to East Delhi and other major cities like Ghaziabad and Meerut. The arterial roads connect them well with other sectors in Noida, Greater Noida Expressway and South Delhi.
These sectors have abundance of new residential projects which are ready to move in properties or ongoing construction projects . Residential property in sector 49 is available at a price range of Rs 2,916 – 4,190 per sqft. The most affordable housing segment is sector 150 and 151 as the property available here is in the price range of Rs 2,600 – 4,000 per sqft while sectors 118, 129,131,134, 144 offer residential property between Rs 3,300 – 4,500 per sqft. Proposed metro connectivity makes these locality lucrative for buyers.
Greater Noida West
Formerly called as Noida Extension, this area comes under the jurisdiction of Greater Noida Industrial Development Authority (GNIDA)
The locality offers easy accessibility with Noida, Greater Noida and Ghaziabad. Greater Noida West is one of the well planned residential cluster of Delhi-NCR region. The locality is well-mapped with commercial and retail spaces, shopping centers, educational institutions, health centers and mega township projects by prominent developers.
The area contributes major chunks of new launches and under-construction projects in Noida. It is the second most affordable locality after Yamuna Expressway. The property prices here range between Rs 2,500 – 3,800 per sqft.
Yamuna Expressway is six-lane, 165 km long expressway that came into limelight when it became operational in 2012. The area along the expressway has witnessed a lot of Urban Development carried out by YEIDA. It has become most vibrant real estate destination of Delhi-NCR region with good supply of low-cost residential options.
The YEIDA has recently launched new housing scheme which puts on offer mid-budget property options. It offers 280 flats with 200 smaller units and 80 bigger units. The smaller units are dedicated to low-income groups and will cost around Rs 11 lakh. The small ticket size flats are of sizes 29.76 meters while bigger units will have sizes of 54.75 meters and will costs Rs 19 lakh. These affordable apartments are constructed in Sector 22D of YEIDA.
The average property prices are low as compared to other realty segment of Noida due oversupply of open land plots in the area. For example, you can get a 1 BHK flat (625 sqft) at Rs 20 lakh and 2BHK (1,000 sq ft) at Rs 28 lakh. Get complete list of Yamuna Expressway property.
Greater Noida Expressway
The area along the Greater Noida Expressway has become one of the most sought after destination for home seekers. Buying and renting has been on boom, particularly in new sectors. Due to its easy accessibility to sector 18 market – the commercial hub of Noida, the housing projects in the area is in demand. The six-lane expressway connecting Delhi and Noida is site for many residential projects too. Average prices are reigning around Rs 3,800 – 6,000 per sqft.