Property prices have been consistently rising here since the last four years, giving good returns on investment
Sector 78 has become one of the fastest-developing locations in Noida along with Sector 119-120. Real Estates Property prices have been consistently rising here since the last four years, giving good returns on investment.
Work on the much-awaited Noida-Greater Noida Metro line has also started and once operational, trains will pass by the sector.
“Sector 78 is becoming a prime residential address for many buyers. It is centrally located and near to commercial setups in Sector 62 and the Noida Expressway” says Suresh Kumar, a realtor from the area.
Another reason for the popularity of the sector is its easy connectivity to Delhi. The Noida City Center Metro Station is just 6 km away and auto-rickshaws are easily available. Also, it is located in the side of the main link road that starts from NH-24 and goes directly to Noida Expressway.
Unlike other upcoming sectors, Sector 78 has good infrastructure. The roads are in a good condition and there are markets and ATMs.
The sector recently got its first educational institution too – The Manthan School – a part of the Mahagun Moderne project. The nearest medical facilities are Prayag Hospital (5 km away) and Fortis Hospital (10 km).
“This is a very good locality for living in future as this is a central location of Noida. In future this locality will be fully developed for living,” says Shishir Gupta, another real estate agent.
The options out there
According to Happy Keys data, the locality offers a wide option of properties to end users as well as investors.
The average locality price is hovering between Rs 4,500-Rs 5,400. The final price for a 2BHK is expected to be in the range of about Rs 45-Rs 60 lakh for a unit size varying from 930-1,100 square feet.
Offerings include multi-storey apartment projects, with some independent houses, and a smattering of studio apartments, builder floors and service apartments. While some of them are ready for possession, others are nearing completion.
The top projects on offer are Sikka Group’s karmic Greens, Nimbus Group’s Hyde Park and Aditya Group’s Urban Casa.
Except for Urban Casa, which is expected to be ready by 2015-end or the start of 2016, others are expected to give possession by the end of 2016.