2 BHK Properties for Sale in Sector 1 Noida Extension Greater Noida

The Cabinet on May 16 approved extension of the Metro rail network from Noida City Centre to Sector 62, which borders Ghaziabad, with an investment of Rs 1,967 crore. The New Line will be an extension of the Dwarka-Noida City Centre Line of the Delhi Metro. The extended route will provide transport facility to a large number of people living in Noida, besides catering to residents of close-by areas of Ghaziabad.

The Noida Authority launched a multilevel car-parking (MLCP) facility in January to resolve the parking problems of the Sector 18 market. However, a hike in parking fee and issues such as flawed footpath design and lack of road infrastructure have played the spoilsport for the facility. So far, there are no as many takers for the parking space as the Noida Authority had expected.

Noida has yet to reach its full potential as a real estate destination. Considering this is an emerging area, an upward movement in all aspects of Noida real estate is highly likely, prices included. Now, where should you look for property in case you have made up your mind to be a Noida resident? Let us assist you here. Based on data available with Makaan.com, we list three Noida localities that have the largest number of housing supply.

The Centre is planning to build a 19-km highway starting from Loni near the Delhi-Ghaziabad border to the Akshardham flyover. The new highway will allow commuters to avoid the congested areas of east Delhi and reach the Saharanpur-bound national highway NH709B near Loni from the NH-24 directly. The project has received an in-principle approval while it may take upto three months to file a detailed project report.

The Noida authority announced a budget of Rs 4,350.11 crore for the year 2018-19 on April 26. With a reduction of Rs 3,720 crore from the last year’s Rs 8,070 crore, the authority still hopes to have a surplus of Rs 37.19 crore. It is aiming to garner revenue worth Rs 4,337.3 crore through lease rent, property transfer fee, land sale, builder land dues, water bills, etc. It announced the allocation for the elevated road project over Shahdara drain. Besides increasing the rate of one-time lease rent, the civic body took decisions on paying guest policy and renting of plots.