Why to invest in Sector 119 Noida?

Some of the important features of Sector 119, Noida are listed below:

1. Location and connectivity:

Sector 119 is among the developing sectors of Noida located at around 6 km from Noida City Center. It is located at 26 km from central Delhi, 15 km from Ghaziabad, 30 km from Faridabad and 52 km from Gurgaon.

Sector 119 is located very near to Pusta Road which connects the national highway 24 on one end and Dadri road on the other. Noida-Greater Noida Link Road is located at less than 2 km from this place, Dadri Road is 8 km, Noida-Greater Noida expressway is at 10 km, NH-24 is at 7 km and NH-91 is at about 13 km.

Noida City Center metro station is located at around 6 km. The extension plan of the metro line, from Noida City Center to Sector 62, has already been approved. The proposed metro stations in this line will be much closer to Sector 119, which will add more value to the real estate in this part.

2. Infrastructure development:

The physical infrastructure of the area has been planned well, and development works are going on. Most of the roads in Sector 119 are ready and only some arterial roads have to be laid.

Though connectivity and physical infrastructure are good, the social infrastructure will take another 2-3 years to be liveable. Many projects have been planned in the retail, hospital, institutional and commercial segments, but are yet to be developed.

3. Price factor:

In Apr-June 2012, the average price per sq ft of apartments in Sector 119 was around Rs 3,950. During the same quarter this year, the prices had reached Rs 4,700 per sq ft. Due to market slowdown, the property prices have not seen much hike, but once the market turns positive the prices will increase further.

4. Projects:

Renowned developers including Amrapali, Unnati Fortune Group, Gaursons India Ltd and Eldeco Infrastructure And Properties Ltd have come up with projects in this area. Some of the projects in Sector 119 include Gaur Grandeur, Eldeco Aamantran, Scarlet, Unnati The Aranya, Eldeco Inspire, Unnati Elites Arena, etc. Most of the projects offer 2bhk and 3bhk apartments priced around Rs 70 lakh to Rs 1 Crore.

Very few projects have been completed and over 3,000 housing units are presently under construction in Sector 119 and most of them will be completed by 2016. Over 60 percent of the supply have already been sold out.

5. Who can invest?

Sector 119 is good for end-users and investors both. But one has to wait for another 2-3 years for the area to become liveable. By 2016, many projects will be ready-to-move-in and also the social infrastructure will be good.

6. Future prospects:

Planned development, good connectivity, proximity to metro, are the key drivers of this area. In 2-3 years time, the sector is likely to see good social infrastructure and better development in residential and commercial segments. Though the property market is slightly on the lower side in the last few months, the properties in Sector 119 are likely to see good appreciation in the near future.