3 Noida Localities With Big Supply Of Homes

3 Noida Localities With Big Supply Of Homes

3 Noida Localities With Big Supply Of Homes
While this may be a good time to invest in Noida property market due to available options in projects that are nearing completion, consider investment in properties which are being built by reputed developers. (Dreamstime)

Noida is the destination where those who find it difficult to afford a property elsewhere can heave a sigh of relief. Not only can they afford a property here, they can also get all they could desire — the best of the amenities, the best of the brands and the best of the infrastructure, too. From an investment point of view, you can hardly do better. Considering this is an emerging area, an upward movement in all aspects of Noida real estate is highly likely, property 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.

Sector 1, Noida Extension

In its placement lies the prime charm of this first Sector at Noida Extension — one side of the area touches Noida while the other Greater Noida. With its link to the National Highway-24, this sector also gives residents the option to access the national capital or nearby Ghaziabad smoothly. As the Delhi Metro network extends, real estate in Noida Extension Sector 1 would get a shot in the arm. In case you are wondering about the rates, you have a reason to cheer. When compared to average rate of property in Noida (Rs 3,900 per square foot or psf), property is more affordable here (Rs 3,300 psf). All big developers of the region have projects here, where you could find for yourself a cozy 1BHK for as less as Rs 15 lakh. In case a large 3BHK is your choice, you could get one within a budget of Rs 65-80 lakh. The 2BHK units, on the other hand, could come for anywhere between Rs 20-60 lakh, depending on the developer brand and the amenities coming along with the unit. As mentioned earlier, this locality has the highest number of units up for grabs.

Interested in buying in Noida Extension Sector 1? Click here.

Sector 16C, Noida Extension

The locality is riding on its success as an industrial spot. Not only is this locality home to offices of several information technology giants, it is also the area where many food and beverage companies have set shop. Understandably then, the demand for residential real estate in Noida Extension Sector 16C has risen, encouraging developer to launch several projects here with the best of amenities. While average rates in the locality currently stand at Rs 3,100 psf, an upward movement is likely as soon as the Metro meant to cater to this area is operational. This could be the right time to strike gold here as you could buy a 1BHK unit for as much as Rs 10 lakh. 2BHK units, on the other hand, could come within a budget of Rs 20-50 lakh. A spacious 3BHK unit could come for anywhere between Rs 40 lakh and Rs 90 lakh, depending on what you pick.

Interested in buying in Noida Extension Sector 16C? Click here.

Techzone 4

This is among the areas in Noida where demand for property is high. Why? Since Techzone 4 is linked with the expressways and the DND Flyover, it gives you an easy connectivity with Delhi. The same could be said about its connectivity with Noida Extension and Greater Noida. Betting on the possibility of this area going big in the times to come, all major developers built projects at Techzone 4. If you are looking for a large house on a low budget without compromising on the connectivity factor, Techzone 4 is the right place for you. While average rate of property in this area is Rs 3,400 psf, a 1BHK unit could be afforded for Rs 20 lakh. For 2BHK homes, the budget may vary between Rs 22 lakh and Rs 65 lakh. For 3BHK homes, the budget range is Rs 35 lakh to Rs 1crore.

Interested in buying in Techzone 4? Click here.

Last Updated: Thu Jan 25 2018

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