Noida and its adjacent localities offers a fair mix of property options from high-rise residential apartment to villas and penthouses. Here is a peek into this market.
Noida has become a preferred realty destination in the NCR circuit due to good civic infrastructure, advent of metro and smooth connectivity, water and electricity supply and above all establishment of good educational institutions. The availability of word class specifications and amenities in the city makes it the first choice for home buyers or investors to buy property here.
Young working professionals who have a high income disposal prefer to live in Noida and wish to buy own house instead of living in rented home. It is due to only high price appreciation of the property.
Here is a quick overview of the property options available in this region:
These are by far the most popular property type and in a society they tend to be self-contained as well. Noida and Greater Noida localities have ample of residential apartment options in its established and upcoming sectors. These apartments are built in blocks in the form of 1, 2, 3, 4 and 5 BHK depending upon the layout and space available for the particular project. The flats on offer are from early stage, undergoing construction, ready to move or even remodelled.
While some regions of Noida- Greater Noida are fully established in respect of civic infrastructure and smooth connectivity. Noida offers residential apartment in the price range of Rs 2,500 – 7,200 per sq ft, with the well-developed sectors having higher property prices of this range. While Greater Noida flats range between Rs 2,800 – 4,200/ per sq ft.
“Despite the high cost on ready-to-move-in apartments in Noida and Greater Noida, buyers and investors are often preferring to buy it, instead of investing in under-construction projects, says Narendra Diwedi of Ojaswi Associates”.
Such concepts are built upon ample space. Villas are typically preferred by high income segment. It is also popular among high income professionals and corporate houses.,
The price of villas in Noida and adjoining areas can range between Rs 4,000 – 11,000 per sq ft for an area of 2,000 – 3500 sq ft, further sdepending upon the locality and specifications.
A penthouse in general refers to top floor of an apartment building. Such housing concept is built on top-most floor so that buyers can get more space (visually and otherwise) than normal apartments in the same building.
Even though residential apartments are first choice of home buyers, plots still remain a popular choice due to high appreciation. Plots of all sizes are available in Noida, Grater Noida and along the stretch of Yamuna Expressway. Plots investments are good when you have planned to build a home on it after few years. Buying process is simple and transparent as compared to residential apartments.
Gaur Yamuna City Plots along the stretch of Yamuna Expressway offers plots with an area of 120 – 222 sq yard and price can range between Rs 23,000 – 25,000 per sq yard.