Property in Noida
Noida offers ultra modern infrastructure
where nature has not been compromised, thus offering a healthy
The residential sector in Noida is on a high growth wave.
As more and more investments are pouring in for the IT &
ITES sector, the population of Noida is also increasing
by the day. This has consequently created a demand for residential
properties in Noida. With the appreciation in Noida property
prices in the recent past, people are taking this as an
opportunity to buy property in Noida as a viable investment
This property investment trend in Noida has also prompted
many investors from the adjacent cities of Delhi and NCR
to buy property in Noida as an investment property. These
investment properties in Noida are given out as rental apartments
or rental homes; which are most sought after by the corporate
Expected Foreign Direct Investment of 30,000 crores in
the coming years will be the icing on the cake. Non Resident
Indians (NRIs) are showing a preference for luxury apartments
as a second home as part of their real estate investment
Indian real estate in the residential sector is growing
at an annual rate of 30%. Prices for residential properties
in Noida have stabilized but some sectors show a visible
fall in prices. Industry experts are of the opinion that
this can be attributed to the increasing number of realty
deals taking place in Noida.
Noida boasts of a phenomenal demand for residential units,
in addition to considerable demand for commercial and retail
space. The prime residential areas in NOIDA are located
in Sector 14, 15, 27, 28, 29 and 37. All these sectors predominantly
consist of plotted housing, while Sector 44 predominantly
consists of Group housing. Trend shows moderately high absorption
rates in the residential spaces. Most of the buyers are
taking residential properties as a second home or for investment
These residential properties in Noida range from the flats/apartments,
independent houses to high-end luxury homes like bungalows,
villas, condominiums and penthouses. Moreover, real estate
developers in Noida in their bid to survive the competition
are coming up with innovative projects and facilities.
Unitech has come up with their most prestigious residential
project - The Grande, in sector 96, 97 and 98 spread over
an area of 347 acres on Greater Noida Expressway. Each tower
at The Grande will have a range of apartments, including
duplex and pent houses, overlooking the Greg Norman Signature
Golf Course, in a supremely aesthetic and architecturally
superior setting. Unitech has also launched 2 ultra luxurious
towers named The Aqua and The Terra within the Grande development.
Prices for Grande start from Rs 7,600 per sqft. onwards.
The size of the apartments will be between 2200 sq. ft.
and 5500 sq. ft.
Just across the Expressway, Jaypee Group has also come
up with a Golf Centric residential development named - The
Wish Town at Sector 128, Noida. Other residential projects
coming up in Noida are Utopia by Eldeco, Aamantran by Eldeco,
Olympia by Eldeco, Omaxe Twin Towers, Grand Woods by Omaxe,
Forest Spa by Omaxe, Celeste Towers by Assotech limited,
Gaur Grandeur etc.