Sector CHI V is seated in Gautam Buddha Nagar and situated in the southwest region of Greater Noida. Nestled between Yamuna Expressway and the Yamuna river belt, the locality is witnessing an explosion of developments in terms of social, commercial and residential infrastructure, and has become a melting pot of good connectivity, ideal location and affordable living.
Sector CHI V is surrounded by many other developing localities such as Sector CHI IV, Knowledge Park IV, Jalvayu Vihar, Sectors P2, P3, P7, Knowledge Park I, Sector Omega I and Tech Zone. Its proximity to these Sectors accords it an added advantage of being a part of the residential and industrial hubs of Greater Noida.
The locality has quickly gained popularity as a hot investment destination, as many IT companies and reputed builders such as Shubhkamna Group, Earth Construction and Primrose Infratech have launched projects here.
The social infrastructure of this locality is well fed with well-maintained roads, schools and colleges such as Greater Valley School, RPS International School, Delhi Scottish School, Army Institute of Management and School of Information and Communication, many of which are situated within a 4-km radius. A number of healthcare facilities such as Greater Noida Government Hospital, Amrapali Hospital, and Yatharth Wellness Hospital & Trauma Centre are also present in the vicinity.
Being primarily developed as a residential hub, Sector CHI V doesn’t have a bustling commercial infrastructure. However, the residential complexes launched here are equipped with state-of-the-art facilities like sports complexes, gymnasiums, parks, grocery stores, restaurants and supermarkets. Entertainment zones such as Omaxe Omega Mall, Ansal Plaza, Greater Noida Shopping Plaza and MSX Mall are also easily accessible from Sector CHI V.
The locality caters to a wide variety of needs, surrounded by an array of well-developed civic, commercial, social, and economic infrastructure, and showcases itself as an apt place for students, single professionals, couples, families and retirees to reside in.
Key Projects in Sector CHI V :
|Purvanchal Royal City|
|Kamrup Durva Greens|
Connectivity and transit points
Yamuna Expressway, which lies to the locality’s east, connects Sector CHI V to a number of other localities in Greater Noida, while also providing smooth road connectivity to cities such as Delhi, Agra, Meerut, Mathura and Aligarh. The two prominent bus stops lying in proximity to the locality are Jagat Farm Bus Stop and Beta 1 Bus Stop, which facilitate travel to various parts of the NCR.
The nearest railway stations to the locality are Ajaibpur Railway Station and Boraki Halt Railway Station, both situated within a 13 km radius, and can be accessed via Surajpur Kasna Road and Unitech Horizon Road, respectively. Local people board trains from these stations to reach various parts of Delhi and Noida.
Nizamuddin Railway Station, which facilitates travel to various Indian cities, is situated 37 km from here, and can be reached within 45 minutes via Noida-Greater Noida Expressway. Indira Gandhi International Airport can be accessed by the same expressway. It sits at a distance of 52 km from here, and can be reached within 1.5 hours.
Factors for growth in the past
Due to the development of Yamuna Expressway, Sector CHI V gained the title of a well-connected locality. This expressway successfully connected to the noteworthy Noida-Greater Noida Expressway and gave the locality’s connectivity a major boost.
Development of prominent projects such as Night Safari, Jaypee Sports City Project, and F1 track along the Yamuna Expressway resulted in the rise of several commercial, social and residential pockets in the area. This played a crucial role in attracting other reputed builders like Purvanchal Group, Primrose Infratech and Jaydev Infratech to explore nearby areas like Sector CHI V.
Land availability and affordable pricing of properties in this area drove the working class from neighbouring cities such as Delhi, Faridabad and Noida to migrate here. Presence of bus stops and railway stations around the locality improved its connectivity and led to the establishment of several educational institutions, malls and hospitals. These infrastructural developments improved Sector CHI V’s real estate scenario to a large extent.
Residential and Commercial Market
Residential market trends
Apartments are the dominant property type in Sector CHI V, with independent houses taking up the next largest share. The average rate of apartments in Sector CHI V is Rs 3,430 per sq. ft, and the price for 2-3 BHK units in this Sector range between Rs 30 lakh and Rs 60 lakh.
Commercial market trends
In terms of growth, Sector CHI V’s commercial market is following on the footsteps of its residential market. Shops in this area lie within the price range of Rs 8 lakh to Rs 1 crore, whereas the price for offices range from Rs 5 lakh to Rs 3 crore.
Yamuna Expressway has proved to be both a boon and a bane for Sector CHI V. The increased risk of accidents on this stretch has posed a question of commuter safety.
Predominantly a residential locality, another major challenge faced by this Sector is the absence of enough commercial establishments, causing inconvenience to the area’s residents. Commercial development would contribute greatly towards Sector CHI V’s growth as a self-sufficient locality.
Factors for growth in the future
Residential projects such as Primrose Ryne, Earthcon Casa Grande II, Purvanchal Royal City and Shubhkamna Livia are being launched in the area by renowned builders like Purvanchal Group, Shubhkamna Advert Group and Primrose Infratech Pvt Limited. The completion of these projects will usher several other developers to set up projects here.
Sector CHI V’s proximity to Yamuna Expressway is going to benefit the locality in more ways than one. Currently, the expressway is growing as a result of the land crunch issues in Delhi and Noida. Delhi-Mumbai Industrial Corridor project, which is soon going to be operational, will propel growth on either side of the Yamuna Expressway.
With a number of residential, commercial, and social infrastructure projects like the F1 Track, Night Safari, Yamuna Expressway City, and a cricket stadium setting base in Yamuna Expressway, Sector CHI V is likely to develop tremendously in the coming years. Also, on completion of the Noida-Greater Noida Metro link, the two cities will witness radical improvement in connectivity, interlinking the Sectors in these regions.