The infrastructure of Noida has developed beyond expectations and as such, the city has many places where the realty business is slowly picking up. Moreover, the city of Noida has become a very big industrial hub which drives commercial growth in and around the area.
The civic infrastructure has developed considerably which has certainly increased the demand for housing. The affordable housing segment has also started seeing a lot of improvement in the recent past. Happykeys through its research has recommended locations where you can invest. The research is based on key factors such as connectivity, location advantage, civic infrastructure, price appreciation etc.
Here are the four top localities which have affordable property options
Noida – Sectors (49, 150-51, 118, 129,131,134, 144)
The sectors such as 10, 11, 12, 22, 18 and 62 are very conducive locations for business. These sectors are on the demand list of people for investment.
Since these sectors are located very close to NH-24, it provides easy access to East Delhi and other major cities like Ghaziabad and Meerut. The arterial roads provide easy connectivity to cities like Ghaziabad, Greater Noida etc.
These areas experience a lot of growth insofar as the residential realty business is concerned. . Residential properties in Noida sector 49 are available at a price between Rs 2,916 and 4,190 per sqft. Affordable housing segments are in sector 150 and 151 as the properties available here are in the price range of Rs 2,600 – 4,000 per sqft, while in sectors 118, 129,131,134, 144, the property prices range between Rs 3,300 and 4,500 per sqft.
Greater Noida West
Greater Noida West comes under the jurisdiction of Greater Noida Industrial Development Authority (GNIDA)
The locality offers easy accessibility to Noida, Greater Noida and Ghaziabad. This is a well planned residential location where people are quite happy about investing their money on properties. The locality has a number of commercial establishments, hospitals, retail spaces, shopping centres, educational institutions, health centres and large gated communities.
Next to Yamuna Expressway, this location is sought after by those interested in affordable housing projects. The property prices range between Rs 2,500 – 3,800 per sqft.
Yamuna Expressway is six-lane, 165 km long expressway that connects large cities very comfortably. There has been a lot of urban development along the highway and the same trend continues to this date. This area has a lot of housing options, especially low-cost ones. In future, this area is likely to develop even more in terms of residential sale.
The YEIDA has recently launched new scheme under which affordable housing units will be advertised for sale. It offers 280 flats with 200 smaller units and 80 bigger units. The smaller units will cost around Rs.11 lakhs. The ticket sizes are between 29.76 meters and 54.75 meters. The bigger one costs about Rs 19 lakhs. These affordable apartments are constructed in Sector 22D of YEIDA.
The average property prices are low because of oversupply of plots in this area. For instance, you can get a 1 BHK flat (625 sqft) at Rs 20 lakhs and 2BHK (1,000 sq ft) at Rs 28 lakhs.
Greater Noida Expressway has become one of the attractive locations for the investors. There is a very good connectivity between the Expressway and sector 18 which experiences the highest level of commercial activity all day long. The area where the 6 lane expressway runs between Noida and New Delhi is another good location for investment.