A slew of new infrastructure developments and residential projects in the sector offer good opportunity for aspiring home buyers. Here is a sneak peek into this fast-developing locality
Despite the ups and downs in the real estate segment over the last two years, Noida is one of the few cities to beat this slump. Most visible growth is happening here around Greater Noida West and Noida Expressway. The property scenario in Sector 150 is buzzing with activity.
Noida Sector 150 is a locality where social infrastructure and real estate developments are on in full swing. Private developers like Godrej have announced their presence and initiated projects here in association with Lotus Greens. Lotus acquired 300 acres in 2014 for its ambitious realty project. Since then, several property developers have come up and launched residential and commercial property in the sector.
Sector 150 –Overview
Sector 150 has about 1,100 acres of land bank out of which 600 acres has been planned for development. Developing as an illustrative green sector, the Noida development authority has dedicated 80% of the total land area as green cover just restricting the construction to the left 20%. Apart from these, the authority has decided to develop a 42-acre theme park, supposed to be one of the biggest in the country.
Sector 150 highlights:
-Set to become the first green sector of NCR circuit
-Intended to be developed as NCR’s first overhead wire-free zone
-Proposed metro corridor of Greater Noida-Dwarka will pass through sector 150
-75-metre wide road from Noida to Greater Expressway will pass through Sector 150 and will further connect to the Faridabad
-Mega sports township, sprawling over 500 acres of prime land with 80% green cover is proposed here
-Hassle-free connectivity to Delhi, Greater Noida and Faridabad
-Junction of four expressways – Yamuna Expressway, Noida Expressway, FNG and Eastern Peripheral Expressway
-Top 10 biggest cricket stadiums of India (capacity- 50,000 seats) will be built in the vicinity
-Reputed hospitals, schools and universities planned in proximity
What makes Sector 150 an ideal location?
This sector falls under special economic zone as it is strategically located in proximity to Pari Chowk, Formula 1 Race Track, Night Safari, Gautam Budh University and Yamuna Expressway. The Faridabad-Noida-Ghaziabad expressway provides fast connectivity too. The sector will gain the advantage of proposed metro link to pass through it. This will give momentum to the forthcoming and launched real estate projects in the locality.
Noida Authority has also approved a 500-acre sports city in Sector 150. The greenest sector of the NCR circuit will have massive green patch almost of 80% of the total land bank.
Upcoming social infrastructure developments:
In order to cut travel time from Kalindi Kunj to Greater Noida, Noida Authority has approved a flyover that will be constructed from the 45 meter road in Sector 150 to connect with Noida-Greater-Noida Expressway.
Top realty projects to invest in Sector 150
In 2011, the property rates here were between the range of Rs 2,700 and 3,300 per sq ft. Presently, these prices have gone up and ranging between Rs 3,900 per sq. ft. and 4,500 per sq ft.