Emerging sectors of Noida witness rapid growth
Some of the sectors in Noida including sectors 74, 76, 77, etc. have been showing an increasing growth trend in terms of real estate. The sectors have been seeing many new new project launches and homebuyers are also showing interest in investing here.
Sectors 74, 77, 76, 78, 120 and 121 are situated closer to Noida Extension. They are also in proximity of the already developed sectors of Noida. These sectors have been seeing rapid growth and property prices have already been competitive to other old sectors of the city.
Location is the main advantage
Being in close proximity to Delhi, Noida is among the favourite destination for real estate investments of the national capital region (NCR). So it would not be very difficult for the emerging sectors in Noida to grow since the city is not new, but is a popular realty hotspot.
Reputed developers launch projects
Many renowned developers including Amrapali, Ajnara, Antriksh, Earth Infrastructure, Gaursons, Supertech, Unitech, etc. are coming up with many new real estate projects in the new sectors of Noida. They mainly target the homebuyers belonging to mid income group (MIG) and high income group (HIG). The residential projects range from a variety of affordable housing to luxurious projects with all modern amenities.
Some of the projects coming up in these sectors include Grand Ajnara Heritage, Supertech ORB and Cape Town in Sector 74, Antriksh Forest and Express Zenith in Sector-77, Mahagun Moderne and Antriksh Golf View 1 in Sector 78, Cleo County and Homes 121 in Sector 121, and many more.
Sector 74 and other surrounding ones have an added benefit, which is the presence of posh localities like Sectors 50 and 58, in vicinity. These sectors house many commercial centers, shopping malls and prestigious institutions which surely influence the demand for properties in the surrounding localities.
Property prices set to rise
As of now the prices are quite lower compared to those in already developed sectors. But the day is not too far when the property prices will be almost similar to those sectors. The City Centre metro station is in proximity of these sectors. Being covered by Metro network is an added advantage to any area to enhance its realty prospects in the recent years. So the areas in Noida would also get a major boost with the metro connectivity.
Planned development
Since the sectors are new, they will have a better planned alignment made in the different streets and corners. Arterial roads, residential colonies, commercial areas, institutional areas and all would be well-planned and placed as well, which enhances the look of all the sectors or it beautifies the city itself.
Real estate experts believe that the presence of good infrastructure and commercial centers in vicinity give an extra edge to any micro-market. The projects in these sectors will soon see gradual appreciation in their capital values, which will benefit the investors. The wide connecting roads and the proximity to well-established areas are driving the temple. However the new sectors are not a good place to invest if one is looking for immediate returns. It would take around two-four years for these to establish.
