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Noida Sector 93: A good place to settle down

Some of the leading developers with projects here include Omaxe Grand Woods, Parsvnath Prestige, ATS Village and Purvanchal Silver City

Sector 93 is one of the areas along the Noida Expressway that developed very early and is classified into two parts — A and B. Happy Keys takes a look at this sector and why it continues to remain popular.

“Though in terms of appreciation, Sector 93 has almost reached its peak, it is still popular mainly because it is one of the purely residential areas that is upmarket and quiet,” says Nishant Dubey of 24/7 Investment Solutions.

“Even when the sector was developing a little over a decade back, the projects that came up here were high-end society complexes by large established players. This followed by the fact that social infrastructure developed much further away has ensured the location has remained primarily residential. And this has resulted in attracting a lot of upper middle class and NRI and IT crowd who work in the MNC offices nearby.”

And it is factors like these that are attractive to the high-end buyer, who wants a good lifestyle.

The social infrastructure from Sector 93 is a good 8-10 km away while MNC offices are barely 1-2 km away. Thus while on the one hand daily commute of work is short, the locality does not face the weekend menace of parking like areas close to shopping centres,” says Narendra Dwivedi of Ojaswi Associates.

“This is a place that is popular with the crowd that wants to live in the area. Investment-wise, prices have almost hit a plateau,” he adds.

Despite this upmarket area perception, HappyKeys data shows that there are several offerings in the market here at moderate prices. Thus, property rates in the micro-market range between Rs 5,800 and Rs 10,000 per square feet depending on the exact location.

At an average, a 3 BHK in a high-end project with a super built up area of 2,200 square feet is priced at around Rs 2.5 crore. At the same time, you can also get a 2 BHK Flats for around Rs 55 lakh.

Some of the leading developers with projects here include Omaxe Grand Woods, Parsvnath Prestige, ATS Village and Purvanchal Silver City.