Novell Premiere Apartment

By: Novell Group in Sector-48

About Project:. Novell Premiere Apartment is an ultimate reflection of the urban chic lifestyle located in Sector 48, Gurgaon. The project hosts in its lap exclusively designed Residential Apartments, each being an epitome of elegance and simplicity.

About Locality:. Located at Sector 48 in Gurgaon, Novell Premiere Apartment is inspiring in design, stirring in luxury and enveloped by verdant surroundings. Novell Premiere Apartment is in troupe with many famous schools, hospitals, shopping destinations, tech parks and every civic amenity required, so that you spend less time on the road and more at home.

About Builder:. Novell Premiere Apartment is engineered by internationally renowned architects of Novell Group. The Group has been involved in producing various residential and commercial projects with beautifully crafted interiors as well as exteriors.

Units and Interiors:. Novell Premiere Apartment comprises of 3 BHK and 4 BHK Apartments that are finely crafted and committed to provide houses with unmatched quality. The Apartments are spacious, well ventilated and Vastu compliant.

Amenities and security features:. Novell Premiere Apartment offers an array of world class amenities such as Apartments. Besides that proper safety equipments are installed to ensure that you live safely and happily with your family in these apartments at Sector 48.

Seated amidst the famous Badshahpur Jheel, Sector-48 is a rapidly developing residential locality. Its proximity to the two prominent IT Parks, Welldone Tech Park and Vipul Business Park, is one of the major factors contributing to the high property demand in this locality.

When it comes to social infrastructure, the locality houses many educational and healthcare institutions. G D Goenka Public School, ISBM Gurgaon, BIMT Gurgaon, Eden Castle School, and MatriKiran School are some of the noteworthy schools and colleges here. The hospitals in Sector-48 include Trinity Dental Healthcare Centre, Krishna Netralaya, Sona Devi Memorial Hospital, and Sai Hospital.

The commercial infrastructure in the area complements its developed social infrastructure, with malls like Raheja Mall, Omaxe Gurgaon Mall, and JMD Galleria Mall, and popular eateries such as Domino's Pizza, The Oriental Pavilion, Moets, Lebanon & Beyond, and PizzaVito spread out in the region.

Connectivity and Transit Points

Blessed with a few well-maintained roads like Sohna-Gurgaon Road, CD Marg, and Netaji Subhash Marg, Sector-48 revels in excellent road service and connectivity to its neighbouring localities.

Basai Dhankot and Garhi Harsaru Junction Railway Stations are the major rail transit points that facilitate inter-city rail transport to Delhi, Noida, and Ghaziabad. Delhi's major railway stations, Nizamuddin Railway Station and Delhi Junction, are situated 38 km away.

HUDA City Center Metro Station, a part of Delhi Metro, is located 9 km from this Sector. This station facilitates both inter-city as well as intra-city transport. The main bus stops in the region include CD Chowk 1 and South City 2 bus stops, which lie within a 2-km radius, and facilitate inter-state travel.

Air transport is facilitated by Indira Gandhi International Airport situated 21 km away, and can be reached within 28 minutes via NH-8.

Major Landmarks

Welldone Tech Park

Sohna-Gurgaon Road

Vipul Business Park

Badshahpur jheel

Chocolate Obsessions

Factors for Growth in the Past

Development of important roads like Sohna-Gurgaon Road and Netaji Subash Marg was one of the prime factors that paved the way for major developments in Sector-48. Also, the region’s proximity to bus stops and railway stations caused its real estate market to flourish.

Land availability was another factor that caught the attention of reputed builders like Victory Projects, Sweta Estates Pvt Ltd, Vipul Limited, and Bestech India Pvt Ltd, who set up several residential projects in the area. The establishment of educational institutions, hospitals, and malls followed, and improved the realty market here.

Residential and Commercial Market

Residential Market Trends

Apartments dominate the property spectrum in Sector-48. The region is tagged as a rapidly developing locality, because majority of the projects here are completed, and ready for possession. The average rate of 2-4 BHK apartment units in Sector-48 is Rs 9,150 per sq. ft., while the average rate of 5 BHK houses is Rs 10,224 per sq. ft. The average rate of residential plots in Sector-48 is Rs 20,380 per sq. ft. The selling price of 2-4 BHK apartments in Sector 48 units range from Rs 1 crore to 2 crore, and the price for residential plots and houses range between Rs 1 crore and Rs 4 crore.

The rent price for a 2 BHK ranges between Rs 23,500 per month and Rs 27,500 per month. The average rent for 3-4 BHK apartments is Rs 35,000 per month, while the rent rate for 3-5 BHK range from Rs 30,000 per month to Rs 80,000 per month.

Commercial Market Trends

Although the region is predominantly a residential one, the commercial market is significantly improving. The average rate of an office space in Sector-48 is Rs 5,300 per sq. ft., and for shops it is Rs 16,400 per sq.ft. The average rent for offices and shops in this sector is Rs 82,240 per month and Rs 40,650 per month, respectively.

Major Challenges

In spite of being a well-developed locality, a few civic issues hover over Sector-48. Poor maintenance of parks and sanitation issues, for instance, are a civic challenge.

Inadequate provision of basic amenities like water and electricity is another problem that needs immediate addressing. The locality is subjected to frequent power cuts and water shortages, adding to the woes of the residents.

Factors for Growth in the Future

The construction of DLF-HUDA Expressway will make travelling within Gurgaon a lot easier. A corridor in Sector 25 stretching up to Sectors 55 and 56 is going to be implemented soon, so as to reduce traffic congestion to a large extent. These measures to curb traffic and improve connectivity will work in the locality’s favour, and prompt growth of the realty market in Sector-48.

The residential market is already booming with projects like Vipul Greens, Bestech Park View City I, and BPL Apartments up and running. The completion of various other multi-storey buildings and large-scale projects like VG 48 and Central Park-II will definitely play a vital role in accelerating real estate growth and making Sector-48 an attractive locality to buy property.