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Over the years, Noida has proved its potential as a major real estate destination in India. The real estate market of the city has evolved in many ways and today, it is at a position where any investment is considered to be a profitable venture. And when it comes to residential properties in Noida, there is hardly any city in India that can compete with this industrial township. Apart from being the largest industrial town in Asia, Noida is also a hub for real estate developments.
There are many reasons behind the success of real estate developments in the city like, proximity to the capital city, availability of important facilities like hospitals, educational institutions and MNCs, huge return on investments, rising demand for properties and well developed infrastructure. Excellent connectivity is also a big reason why Noida is considered the best residential destination. Wide roads, flyovers and Expressways have made the city easily accessible from anywhere in Delhi and NCR. All these have made Noida one of the most preferred destinations for investments and it’s a fact that the city has been successful in offering a modern lifestyle to the people of NCR.
The residential real estate sector of Noida is a huge zone with endless options for almost every section of the society. The residential properties in Noida offer varied accommodation options in the form of flats and apartments, villas, penthouses, bungalows and serviced studio apartments. Among these, the flats and apartments in Noida are the biggest demand drivers. The residential apartments in Noida are usually built as a gated community and offer 2 BHK to 5 BHK apartments. These are filled with ultra-modern facilities and amenities along with hi-tech security measures that are extremely suitable for a contemporary lifestyle.
Noida is also growing as a hub for the IT sector which is again one of the biggest demand drivers for residential properties. The city is home to some of the biggest MNCs and people from Delhi and other parts of NCR are constantly migrating to the city in search of jobs. This has resulted into increased demand for flats/apartments in Noida.
Another buzzword in the Noida real estate sector is the "affordability". Earlier there were affordable homes and luxury homes but developers in Noida have now realized the importance of a blend of affordability and luxury. They have understood that affordability without luxury is no more appealing to the modern home buyers or investors. Hence, they are now launching luxury homes at much affordable rates. Now, this is something which is quite impossible in the capital city and therefore more and more people are moving towards Noida in search for peaceful and luxury homes at affordable prices.
Currently, there are many upcoming residential properties in Noida launched by some of the renowned real estate developers of NCR. Here’s is a glimpse of some of them.
The famous real estate developer, Supertech Limited, has recently launched this project called "Oxford Square" at Sector 16B in Greater Noida West, also known as Noida Extension. The major attractions of the project are the 2/3 and 4 BHK independent living spaces that offer a sense of freedom. Apart from the latest designs and architecture, the project also offers numerous facilities and amenities. The project is just 15 mins drive from the Noida Expressway and offers excellent connectivity. Oxford Square is a part of the Supertech Eco Village III and offers a blend of open space, community living and conveniences.
With a project area of 25 acres and a built up area of 11 acres, the project offers G + 3 floors structures with sizes ranging from 125 to 180 sq.yd. The starting price of the project is around 40 lacs with per sq.ft. price varying according to floor. The project has many key features like duplex on 2nd and 3rd floor, car parking, terrace garden, recreation centres, a primary Crèche School, etc. Moreover, shopping malls and medical facilities are also in close proximity to the project. The expected date of completion of the project is February 2015.
Situated along the Noida Greater Noida Expressway, "Lotus Square" is a mixed use development project offering residential apartments, office spaces, 5 star hotels and branded serviced apartments, all within a single complex. Recently launched by renowned builder, Lotus Greens, the project offers 3 BHK and 4 BHK apartments along with state-of-the-art amenities and facilities. Peace, luxury, entertainment and security are all part of the project along with an eco-friendly environment. The project has every means of energy conservation like solar heater, solar lightings and timer-operated street lights.
The location of Lotus Square is simply superb with many important facilities in proximity like schools, hospitals, shopping malls and entertainment zones. However, there is hardly any need to step out of the complex since it is a mixed use development so everything is already available within the complex. The project is spread over 6 acres of land with three residential towers with sizes ranging from 1800 sq.ft to 2600 sq.ft. The price starts from 1.37 crore with inaugural BSP of Rs. 7500 per sq.ft. Some of the key features of the project include three-tier security, dedicated parking area, lush greeneries, fine dining, concierge services, state-of-the-art club house, etc. The expected date of possession of the project is July 2017.
"Wave Irenia" is a luxury residential project launched by Wave Infratech group in Noida. The project is a part of their upcoming township project, Wave City Center spread across sector 32 and 25A. The project offers 2 BHK and 3 BHK premium residential apartments with numerous ultra-modern facilities and amenities like Wi-Fi connectivity, modular kitchen, hi-tech security systems, a club house, 220 KV dedicated substation with stable power supply, an eco-friendly environment and many more.
Being a part of the Wave City Center, the project offers numerous advantages including excellent connectivity. The Noida City Center Metro station is located very close, DND Flyway is 3 kms and the Sector 18 market is just 2 kms from the project. The size of the apartment ranges from 895 sq.ft. to 1330 sq.ft. The starting price for Wave Irenia is around 67 lacs with Rs. 7503 as per sq.ft. price. The best part of the project is that it has something to offer to all age groups and is efficiently built to fulfil everyone’s need. Moreover, the project is extremely suitable for working women as there is a crèche in close proximity. The top notch facilities and a suitable location make this project an ideal investment option in NCR.
Wave Trucia is a huge residential project in Noida offering high rise 2, 3, 4 BHK serviced apartments. The project is a part of the Wave City Center spread across sector 32 and 25 A in Noida. The luxurious apartments are thoughtfully designed and crafted so as to ensure proper utilization of space and maximum comfort. The project offers a combination of high and mid-rise towers ranging from G+12 to G+30 floors. There are 4 units per floor in high-rise towers and 2 units per floor in mid-rise towers. The ground floor consists of retail spaces so as to ensure that the everyday needs are taken care of. Apart from this, the project offers numerous facilities in and outside the complex.
The key features of the project include dedicated access to each block, separate parking facility for owners and visitors, dedicated service elevator, indoor water park, concierge services, entertainment zones, etc. The residential spaces start from the podium level thus ensuring open view and for safety sake, there is no vehicular movement at the podium level. Apart from this, there are internal roads of 18 mtrs and 21 mtrs along the blocks.
Real estate investments are always a lucrative option provided you have a proper knowledge of the market. These days, choosing the best investment option from Noida, Gurgaon, Ghaziabad and Yamuna Expressway has become quite a daunting task as all these regions are simultaneously witnessing realty developments. However, properties in Noida (both residential and commercial) are still one of the best investment options in NCR. The real estate market in the city offers excellent investment options along with assured returns. Besides affordability, the luxury and safety features of the residential projects in Noida are simply beyond compare. Moreover, Noida Expressway is also an upcoming residential hub in NCR that offers numerous advantages both in terms of location and facilities. The infrastructural development is in full swing and most of it is almost nearing completion. It is expected that by the end of 2017, Noida Expressway will emerge as a proper residential destination. Moreover, proximity to the capital city will always remain a prime factor behind the success of real estate developments in Noida.
For further information on Noida real estate, feel free to get in touch with us at Renaissance Realty Inc.
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