The sector has witnessed a steady rise in property value since 2011 and today, the property rates stand at Rs 5,200-Rs 6,800 per square feet
Sector 100 is located just off the Noida-Greater Noida Expressway and is one of the fastest-developing localities. In the last 5-6 years, the area has witnessed significant price escalation — a unique feat since the realty markets across Delhi-NCR were running dull during the period.
According to HappyKeys research, the sector has witnessed a steady rise in property value since 2011. Today, the property rates in this micro-market stand at around Rs 5,200-Rs 6,800 per square feet.
Samart Kukreje recently bought a 2BHK in this sector at a price of about Rs 65 lakh from an original buyer who had bought the apartment for Rs 45 lakh in December 2012.
“The advantage this sector has is that there are no villages nearby. Hence immediately you know that the land is free from all disputes,” says Kukreje. “This area is known for Noida Authority MIG Apartments and is located in close proximity to the Noida SEZ and well-established Sectors such as 62 and 55 works in its favour.”
Location-wise, Sector 100 enjoys direct accessibility from the Noida Expressway and is situated close to Sectors 46 and 47. The sector also enjoys excellent connectivity with Sectors 18 and 50.
“The area is still best for investment. And after 3-4 years, the sector will be fully developed with schools, hospitals and other social amenities,” says Parmeet Duggal, a property consultant. “Although schools like Pathway World School and some playschools have come up and plots have been allotted for school buildings, these are still under-construction. And the social lifestyle is not totally developed here.”
“After Noida Expressway, early investors found Sector 100 to be a lucrative for investment. As developers and projects started coming in, property prices took a long leap. In October 2012, the price was Rs 5,400 per square feet for high-end offerings. Today, the price for a similar project is Rs 6,500 per square feet. So the change is quick,” says Duggal.