3 Reasons That Make Sector 1 Noida Extension A Realty Hotspot
Noida Extension, an emerging real estate hotspot, is surrounded by Ghaziabad and a few sectors of Greater Noida. Spread across an area of 4,000 acres, Noida Extension is a buzzing real estate market. The comparatively low property rates have made this one of the most sought after real estate markets for those looking for property in Noida. Moreover, the area is also fast emerging as a commercial area, too, with a wide range of companies providing BPO, IT, ITeS, BTO and KPO services are opening offices here. This has led to an increase in demand for affordable flats in Noida Extension. In past six months, the property rates in Sector 1 Noida Extension have witnessed an increase of 18.2 per cent.
PropGuide lists the factors that make Sector 1 of Noida Extension a realty hotspot:
Affordable homes
For those looking for affordable property in the national capital region, Noida Extension is one of the promising real estate destination for those. Not just fulfilling the real estate needs of home buyers with a budget, Sector 1 of Noida Extension is an area worth investing in, given the continuous rise in prices. There are many affordable flats in Sector 1, Noida Extension. The price of apartments in Sector 1, Extension is range between Rs 3,150 per sq ft and Rs 3,895 sq ft.
Well-planned residential hub
Noida Extension is a well-planned residential hub giving the residents a range of infrastructure needed for a comfortable living. There are schools, hospitals and educational institutions. The area is also witnessing coming of shopping hubs and commercial districts. Moreover, the proposed Metro line will further boost the demand for plots and apartments in Sector 1 Noida Extension. The 15-km long Noida-Greater Noida link that connects Sector 71 in Noida to Knowledge Park-V in Greater Noida will also prove to be a boon for Noida Extension. The link would have nine stations and the project is likely to be completed by March 2021.
Real estate
Some of the leading real estate developers have invested in this area and are building projects here. Some of the prominent developers in Sector 1 Noida Extension are Supertech, ABCZ Builders, Shubhkamna, Infrastructures and Pro Developers. While some of the prominent projects in Sector 1 Noida Extension that offer affordable living options include Eco Village, Apple Orchid, Monarch, Gracia, and Pratiksha.