Noida Extension Projects Aspiring To Provide Elegant Housing Projects

The Noida Extension is witnessing large scale real estate activity with all the pending issues concerning the locality to be put to rest

. Along with 75 developers who have progressed in order to offer 1/2/3 BHK housing with an average price ranging from Rs 1,700 to 2,000 per sq ft, the city has thus emerged as the realty hub. Certain data collected showed that about 90% of the buyers in Noida Extension are end users. The established builders have kept no stone unturned in terms of offering customers with best 3 BHK flats in Noida. Some of the well known developers like Omaxe, Unitech, Jaypee Group providing the vast option of 1, 2, 3 and even 4 or 5 BHK flats. According to the information available from the Joint panel fresh booking has been started with the new price ranging from Rs 2,600 to 3,000 per sq ft.

According to the Director Qureshi who stated that due to the industrial development as well as better metrolink has successfully paved the way for economic development of the locality in the Noida Extension. Ashwani Prakash of Paramount Group stated that development in the metro is definitely going to help the buyers in providing the added mode of transport, while Fayyaz Qureshi of Unibera said that educational institutes and sports facilities have generated consumer interest to some extent, but these do not contribute as economic drivers much.

Ashok Gupta, the managing director of Ajnara India Ltd successfully stated that recent developments are a positive sign as the buyers are relieved lot as the construction work in projects in Noida Extension are thought to resume soon. R K Arora, the chairman and managing director of Supertech Ltd states that it has been noted that construction for the Noida extension property are gearing up to resume construction. If there is any change in the price, then it will be totally based on increase in construction cost and the burden passed by GNIDA. According to the recent updated report approx 2.5 lakh house are under construction in Noida Extension, while nearly 1.5 lakh are already sold.The director of Gulshan Homz said that will prove to be a tough contender to other localities in the NCR region especially in terms of pricing and location. Amrapali La Residentia, Supertech Eco Village, Mahagun Mywoods, Leisure Valley, Antriksh Golf Link etc are some of the successfully launched projects in Noida Extension with the plot size ranging from Rs 1,400 per sq ft onwards.

It has been seen that number of investors are investing their capitals for both personal and professional benefits being promised by the projects in Noida Extension as the place and the plots are quite affordable. The main reason why the properties in noida extension is gaining popularity is that this place may be the next IT destination. The main sector related to the residential areas are located near the highway and the Golf Course. The size of the plots in the Chi-Phi sector sector of Sigma Eta, and highway extends from 200 to 1000 sq ft.

The Noida Extension Property have become costlier in anticipation of the resumption of construction according to NCR Planning Board who approved the revised Master Plan 2021 of Greater Noida. A years ago the average residential rates in Noida Extension were in the range of Rs 1800 to 2000 per sq ft, with the current average rate at Rs 2800 to 3200 per sq feet.

Other residential places that are popular for Projects in Noida Extension are Jalvayu Vihar, and Parasnath Platinum. The lands for the industrial purposes come in sizes between 450 to 4000 sq m.Eldeco, Unitech, OMAXE, and Uppal Chadha are some of the famous developers who are well known for their work in Noida Extension projects and are surely going to be better in terms of budget facilities, space.

by: Jitendra Kumar

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