A slew of new residential projects in the sector presents a good opportunity for new home buyers. Take a look at what the area has to offer
Sector 144 has been the favourite destination of software companies for long. Its proximity to Noida Expressway and the huge land blocks have attracted many IT-ITeS companies. Sensing this, the area’s real estate and simultaneous infrastructure development is also on the rise.
This is attracting the interest of investors and end users alike. Result: many reputed real estate developers have already launched their residential and commercial projects here to cater to the employees working in these companies. These projects are both in the affordable and luxury segments.
There are many factors contributing to this locality’s growth. These include:
Location: Sector 144 is strategically located on the Noida Expressway. It is one of the rapidly developing sectors in proximity to the IT hub where companies like Sapient, Dell, Excel, Global Logic and United Health Group are already operational. A workforce of more than 20,000 people are already working here.
This sector has a healthy mix of high-rise residential apartments, educational institutions, recreational and world class commercial premises. New launch Gulshan Botnia is all set to add to residential segment of Sector 144. This project is located next to proposed metro station, offering good connectivity to its residents from Noida and Delhi.
Transportation: Sector 144 is located right on the Noida-Greater Noida Expressway. A metro station and ISBT have already been proposed and work for these is on in full steam. When both these facilities become operational in 2017, the connectivity to this sector will be enhanced.
Infrastructure: Due to boost in local infrastructure development and improvement in transport connectivity, the property prospects of Sector 144 have improved considerably. The Noida Authority has announced a series of plans that will improve the social infrastructure of this locality greatly. These include: the construction of 45-metre wide road from Kalindi Kunj to Greater Noida; and the development of 75-metre wide road to bridge the gap on Yamuna River and further connect it further to Faridabad. These two developments are been keenly observed by property developers and investors, because with these the real estate prospects of this region will grow by miles.
Green belt: The sector has a well-developed green area. About 80 per cent of the area has green cover and 42 acres of land has been converted into eco parks. This sector boasts of ample space and refreshing ambiance.
Projects: Numerous residential and commercial projects are present in this area. Many reputed builders have their presence here with promising projects. Gulshan Botnia, the newest one, comprises of residential apartments, offering choice of 2 and 3 BHK flats. This is a gated community with all facilities available within its premises.
Several other projects by Unnati Fortune, Amrapali, Jaypee Greens and Gulshan Homz have also come up here. Other than these, plots are also available.
Property rates: With all these developments the land prices have soared. Though, the sector has attracted several potential investors, all set to gain high returns on investment. Presently, the price range for multi-storey apartment here range from Rs3,200-5,000 per square feet. The sector has attracted several potential investors with expectations of high returns.