Top 5 Localities In Noida Where You Can Buy Your Dream Home
Planning to invest in the booming property market of Noida? Opt for localities which have the potential to serve you with good returns in the coming times and can also offer you good rental returns, too.
PropGuide lists five such localities in Noida you might want to look at for your future investments:
Sector 22D, Yamuna Expressway
The Yamuna Expressway has been witnessing rapid commercial development and thus, job generation. This has led to the rise in demand for housing here. Moreover, for those looking for future investment in affordable properties, the Yamuna Expressway has become a one-stop destination with renowned developers offering nearing possession projects at competitive prices. Sector 22D is specifically becoming popular among investors. Close to the main road, the sector, at present, has 18 under-construction, four ready-to-move-in and two launching-soon projects. Another reason that has brought Sector 22D on the radar of the investors is the coming of 4,000 houses under the Yamuna Expressway Authority Scheme of Affordable Housing.
According to Proptiger data, the property prices here ranges from Rs 2,500-3,500 per sq ft. The prices have witnessed a seven per cent increase in past four years and may get a further boost because of the much-anticipated Jewar Airport.
Sector 25, Yamuna Expressway
Another sector that has emerged as a potential real estate destination on the Yamuna Expressway is Sector 25. Given its proximity to the Sports City, the locality is among the poshest in the area. Moreover, a part of this sector is authorised as a special economic zone (SEZ) , too, which is a major attraction for multinational companies (MNCs) looking for setting up a large office at a cheaper price. This is one of the main reason, Sector 25 Yamuna Expressway properties are ideal for earning best rental returns. Few projects here are ready to move and have almost 40 per cent possession. The majority of these tenants are either employed in the SEZ or are studying in the educational institutions nearby. According to Proptiger data, there are over 18 under-construction and nine ready-to-move-in projects available for buyers. Its proximity to the main road is the key highlight of this area. Currently, the prices here vary from Rs 3,200-3,800 per sq ft and have witnessed a sharp increase of 8.5 per cent in past four years.
Sector 76, 77, 78 (Noida)
Sector 76, 77, and 78 of Noida are some of the newly developed areas here and have a number of new projects on offer. Located close to the City Centre of Noida, Sector 76 offers options for rental home seekers as well as end-users. While the old sectors of Noida lack amenities and personalised open spaces, the projects here have ample green spread along with gymnasiums, recreational and parking facility within the compound. The security arrangements are done keeping in mind the requirement of young couples. These are the first few areas in Noida where apartment culture gained popularity. The homes here are well-furnished and come with modern interiors that appeal to the young working class.
The connectivity here will soon improve as the Noida City Centre Metro that will be extended to Noida Extension and Greater Noida will run through these sectors. This will boost the connectivity between the extended areas of Noida to key areas of the national capital and also to other NCR localities.
According to Proptiger data, the property prices here range from Rs 4,000-5,500 per sq ft. The average price appreciation in past four years has been five per cent in these areas. Sector 76, which faces crisis like water logging and open waste disposal, has the lowest prices when compared to other nearby localities of Noida.