Sector PI I & II is a well-developed residential locality, situated in the heart of Greater Noida. It is well planned, neatly divided into colonies, estates and societies such as Alistonia Estate, Advocate Colony, Gulmohar Estate, Delhi Police Housing Society, and Eldeco Green Meadows. The Sector is seated alongside Unitech Horizon Road, which provides excellent road connectivity to the likes of Sector MU, Knowledge Park IV, Alpha I, Delta I and Theta II.
The locality is a good blend of residential and commercial properties, coupled with robust social infrastructure. Reputed hospitals such as Om Sai Hospital, Dharmraj Hospital and Shri Krishna Line Hospital dot the streets of Sector PI I & II. Several educational institutions such as Knowledge-Muse International School, Merry Angels Public School, Prathmic Vidyalaya and JRE School of Management are also present in the vicinity.
Sector PI I & II enjoys the company of many eateries, cafes, bakeries, grocery stores, automobile stores and various shops that cater to the locals’ everyday needs. Popular eateries like Fill Up, Desi Crazy, Lefresco and Boomarang can be spotted in the area, along with malls like Eldeco Arcadia, MSX Mall and OSF Mall, all situated not much more than a stone's throw away.
The area is also a storehouse of some of the most reputed residential projects in Greater Noida such as Eldeco Green Meadows, Eldeco Residency, Eldeco Riveria and Green View II. The amalgam of amenities available in and around this area makes it a great place for families, retirees and couples to call their home.
Connectivity and transit points
Enveloped with Unitech Horizon Road, Sector PI I & II enjoys excellent connectivity within the Sector. The road further converges into Sector Alpha Road, and connects the locality to a host of other areas of Greater Noida.
Buses plying from Galgotia College bus stop connects Sector PI I & II to Noida-Greater Noida Expressway and Yamuna Expressway, the two prominent expressways in the city that make the likes of Delhi, Agra and Meerut accessible. Another bus stop lying in proximity is Delta Gate No 2 Bus Stop, which facilitates travel within Greater Noida.
The two prominent railway stations situated within a 10-km radius include Ajaibpur Railway Station and Boraki Halt Railway. Trains from these stations can be boarded to reach various parts of Delhi and Noida. Inter-city rail transport is facilitated by Nizamuddin Railway Station, which is situated at a distance of 40 km from here. The station can be reached within an hour via Noida-Greater Noida Expressway.
Indira Gandhi International Airport is situated 50 km from Sector PI I & II, and can be reached via Noida-Greater Noida Expressway in an hour’s time.
Factors for growth in the past
Development of prominent roads like Unitech Horizon Road greatly improved the accessibility of Sector PI I & II. The improved connectivity invited many developers to set up projects here and enticed home seekers to settle in the area. Availability of different modes of transport via road and rail also acted as a catalyst in the growth of the region's realty market.
The availability of abundant land and affordable land prices appealed to many reputed builders such as Celestial Group, Eldeco Infrastructure & Properties Limited and Unitech Limited to develop large-scale residential projects in the locality.
Residential market analysis
Residential properties are available in the form of apartments and independent houses in Sector PI I & II, with high-rise apartments dominating the property spectrum here. The average rate to buy an apartment in this Sector is Rs 4,020 per sq. ft, while the average rate of independent houses is Rs 6,580 per sq. ft. The property price of 2-3BHK apartment in Sector PI I & II ranges anywhere between Rs 32 lakh to Rs 1.80 crore. Rental prices for 2-3BHK units range from Rs 9,500 per month to Rs 20,000 per month.
Several complaints have been made to the Greater Noida Authority, concerning substantial post-sale blunders by various developers. Faulty lifts, absence of fire safety measures and lack of disaster management and emergency medical support are a few issues that stand out.
Factors for growth in the future
With projects such as Senior Citizen Home Complex, Unitech Habitat, Unitech Cascade, Purvanchal Silver City and Jaypee Greens already up and running, completion of projects such as Parsvnath Privilege, Parsvnath Palacia, IEC White House, Rajput Shri Rajneegandha Greens and Shivakala Charms will accord Sector PI I & II with the tag of a fully developed residential locality and will subsequently increase the realty demands here.
GNIDA has planned to construct a high-speed Metro link connecting Greater Noida to Indira Gandhi International Airport. This 66-km route will help the residents of Greater Noida and Noida to reach the airport within 50 minutes even during times of heavy traffic. This proposed link will run parallel to Delhi-Mumbai Industrial Corridor and connect to the upcoming Faridabad-Noida-Ghaziabad route. It will also connect to Delhi, Badarpur Road and Gurgaon via a bridge, which will be constructed over river Yamuna.
In addition, construction of Noida Metro rail connecting Noida to Greater Noida is expected to be operational by 2017. These infrastructural developments will cajole the interest of many developers and home seekers, ultimately increasing the demand and supply of properties in Sector PI I & II.