subject: Noida Extension Projects Endeavoring For The Magnificent Residing [print this page] Along with all the pending issues concerning the locality to be put to rest, the Noida Extension is all set to witness large scale real estate activity. This city has been emerged as the realty hub along with 75 developers who are in progress of offering 1/2/3 BHK housing with an average price ranging from Rs 1,700 to 2,000 per sq ft. Certain report suggested that 90% of the buyers in Noida Extension are end users. 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.
The Director Qureshi stated that the main factor that can pave the way for economic development of the locality in the Noida Extension is due to the industrial development as well as better metrolink. Ashwani Prakash, ED of Paramount Group stated that development in the metro is definitely going to help the buyers in providing the added mode of transport. According to Fayyaz Qureshi of Unibera educational institutes and sports facilities have generated consumer interest to some extent, but these do not contribute as economic drivers much.
The Residential Projects in Noida Extension have promised an immense potential where number of investors are investing their capitals for both personal and professional benefits of this place as the plots are quite affordable. The main reason for gaining popularity for the Noida Extension Property is that this place may be the next IT destination. The main sector that is related to the residential areas are located near the highway and the Golf Course. The size of the plots in the Chi-Phi sector in Swarn Nagri Taj, sector of Sigma Eta, and highway extends from 200 to 1000 sq ft.
Other residential places that are popular for Noida Extension Property are Parasnath Platinum, Jalvayu Vihar, and Swarn Nagri. The lands for the industrial purposes come in sizes between 450 to 4000 sq m. Unitech, OMAXE, Eldeco 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 facilities, space, and the budget.
NCR Planning Board who approved the revised Master Plan 2021 of Greater Noida, the Residential Projects in Noida Extension have become costlier in anticipation of the resumption of construction. A couple of years ago before the land acquisition the average residential rates in Noida Extension were in the range of Rs 1,800 to 2,000 per square feet, with the current average rate at Rs 2,800-3,200 per square feet.
According to Ashok Gupta, the managing director of Ajnara India Ltd, states that The recent developments are a positive sign as the buyers are relieved lot as the construction work in properties in Noida Extension is set to resume soon. According to R K Arora, the chairman and managing director of Supertech Ltd states that the construction for the Noida extension projects are gearing up to resume construction. Any change in price will be based on the increase in construction cost and the burden passed by GNIDA. Nearly 2.5 lakh house are under construction in Noida Extension, while nearly 1.5 lakh are already sold.
According to the director of the Gulshan Homz who stated that Noida Extension projects will prove to be a tough contender to other localities in the NCR region especially in terms of pricing and location. Some of the well known Noida Extension projects are Amrapali La Residentia, Leisure Valley, Antriksh Golf Link in Sector 1, Supertech Eco Village, Mahagun Mywoods, Centurion Valley, and Golf Homes, Gaursons Gaur City, Ajnara Ajnara Homes and Le Garden, Gulshan I Homz etc that ranges from Rs 1,400 per sq ft onwards.
