Novelty Green Phase I

By: Novelty Developers in Sector-1

The most awaited Residential plot Novelty Green Phase I in one of the main locations is ready to be acquired. These plots at Sector 1, GreaterNoida present the best option to invest in legally approved plots in the economical prices you cannot even think of. Each plot offers a built- up area of 900- 1125 Sqft. Novelty Green Phase I comes with an affordable price range of 20 lakhs - 25 lakhs. Some of the main features of the plots are that all major banks and their ATM in its neighborhood, schools, hospitals, colleges and supermarkets in its close vicinity.

Ideally located on the main road of Greater Noida (West), Sector-1 is surrounded by developing areas such as Knowledge Park V and Sector 78. Being a prime residential locality, it is easily accessible to other parts of the city, thanks to its excellent connectivity with NH-24 and Noida. Sector-1 lies close to Knowledge Park V and VI, which include shopping hubs, educational institutes, hospitals and hotels. Jaypee Greens Sports City, which is in Sector 25 of Noida and located at a distance of under 7 km from here, is a planned neighbourhood, mainly focusing on sports. It includes a cricket stadium, hockey stadium, and a Formula-1 racing circuit of international standard, a great attraction for anyone considering buying property in the region.

Key Projects in Sector-1 : 

Connectivity and transit points

Sector-1 in Greater Noida has excellent connectivity. Patwari, Rajesh Pilot Chowk, Suthiyana, and Halduani Mode bus stops are the nearest. Dadri and Boraki Halt Railway Station are the closest railway stations to Sector-1. One can travel to places such as Ghaziabad and Old Delhi from these stations. Dadri Main Road, NH-24 connects Sector-1 to other parts of the city. In addition, Noida City Centre Metro Station is close to this region. Indira Gandhi International Airport is at a distance of 41 km from here. Taxis, auto-rickshaws, and cycle rickshaws can be used for short-distance travel.

Major landmarks

• Supertech Eco-Village-2
• Valencia Homes
• Panchsheel Hynish

Factors for growth in the past

The land crunch in Delhi was one of the primary factors that gave way to development in Greater Noida, in turn helping Sector-1 to develop. Further, availability of land and its proximity to the capital city made Sector-1 a preferred locality. Many builders such as Paramount Group of Companies, Vihaan Developers Pvt Ltd, and Amrapali Group shifted their focus to this region and started launching projects, eventually leading to the locality’s growth. An added advantage was the affordable prices in Sector-1, which attracted a large number of property buyers to invest in properties here. Many job seekers moved in from nearby developing cities because of the affordable apartments in this region.

Residential and Commercial Market

There’s been a significant increase in the construction of apartments in Sector-1, taking up over 90 per cent of the locality’s real estate market. The prices for multi-storey apartments here is about Rs 3,400 per sq. ft on average. Commercial plots cost around Rs 4,950 per sq. ft on average, whereas commercial office spaces and shops are approximately priced at Rs 6,500 per sq. ft and Rs 10,050 per sq. ft respectively.

Major challenges

One of the major drawbacks in Sector-1 is the lack of important infrastructure developments such as hospitals and educational institutions. One has to travel to the neighbouring regions to avail these facilities, causing a lot of trouble for the area’s residents. Public transport is another challenge. There are not many bus stops or railway stations situated close by. Airport is far away too. The closest airport is Safdarjung Airport, 33 km away.

Factors for growth in the future

With the development of residential projects and commercial offices in the pipeline, Sector-1 is moving towards becoming one of the more preferred localities in Greater Noida. Well-known builders such as Paramount Group of Companies, Earth Infrastructures, Shubhkamna Advert Group, and Vihaan Developers Pvt Ltd are developing residential projects in Sector-1. Paramount Emotions, Shubhkamna City, Vihaan Greens and Earth Towne are just a few of the upcoming residential projects in Sector 1.