Amid restricted choices and exorbitant home costs in Delhi and Gurgaon, buyers have now been focusing on residential advancements in Noida. Numerous decisions, affordability and a steady cost appreciation, have assisted the city with faring great among different districts. Quickbulls shares the top 10 emerging locations in Noida promising various residential decisions and healthy cost development.
Continuous infrastructure upgrades, a planned international airport and affordable home values have made Noida one of the favored residential areas of interest in NCR, all the more so after Coronavirus. A pool of choices in thinly populated emerging locations has attracted home searchers and sped up their purchase choices. The greatest advantage of settling in an emerging location is costs are relatively lower, and the extent of appreciation is high amidst developing infrastructure. Sectors 49, 70, 75, 110, 119,120, 129, 134,151 and 168 are the top 10 emerging locations in Noida, generally befitting for homebuyers seeking a greener neighborhood with high investment potential.
Sector 49, Noida
Strategically located adjacent to Dadri Main Road, Sector 49 in Noida offers independent houses and developer floors. Society apartments are also available, with 2 BHKs being the most popular. Average property costs here drift around Rs 3,200 for each sq ft post 33% annual development. (Source: Quickbulls) Nearness to Sector 76 Metro Station on the Noida Metro Line (3 km) and Wave Downtown area (5 km) on the Delhi Metro Blue Line, combined with direct access to work centers like ETT and NSEZ, makes it a popular housing center point in the locale. Regarding rentals, a 2 BHK may earn Rs 10,000-15,000 every month in Sector 49. The area has seen a massive real estate improvement with an underpass and the proposed elevated road on Sector 49/41 intersection and the Dadri-Surajpur Chhalera Road.
Sector 119, Noida
Sector 119 is backed with sound infrastructure and network via Faridabad-Noida-Ghaziabad Expressway or FNG Expressway allowing seamless access to commercial centers in Noida, like Sectors 62, 63, 18 and Techzone 4. The sector includes a blend of finished and under-development residential social orders, offering multi-story apartments evaluated at Rs 5,300 for every sq ft. The area saw a value appreciation of about five percent YoY. Pushpendra Kumar, Proprietor, Realty Bytes, Noida, avers, “Sector 119 is a developing neighborhood with high investment potential because of the nearness to the upcoming Jewar International Airport via Yamuna Expressway. Further, the presence of green belt, created link roads and an upcoming metro station at Sector-122, Noida on the Aqua Line within a km also adds to the attractiveness of the area.”
Sector 120, Noida
Sector 120 is one of the promising locations in Noida, with a significant share of ready homes. Most housing advancements are designed as 3 BHKs and estimated at Rs 5,500 for each sq ft. In addition, many residential social orders in the locality boast of supermarkets, pharmacy, salon, stationery, eateries and dairy choices, adding to occupants’ accommodation. The annual rental yield in the area as of Q1 2022 is two percent and the yearly value development is around four percent.
Sumit Kumar, an area-based occupant, when evaluated the locality on Quickbulls, remarked that the sector is gradually developing and has a “satisfied method of transport”, “ample markets nearby”, and “a safe climate.” The major commercial and industrial setors from Sector 57 to Sector 68 are also intently accessible from the area.
Sector 151, Noida
Sector 151 is an emerging residential sector, which has multi-story apartments valued at Rs 4,000 for each sq ft. Home values here have increased by more than 14% YoY. The area is situated along Noida-Greater Noida Expressway, and the Sector 148 station on the Aqua Metro Line is about eight km away. Month to month rentals in the area stand at around Rs 8,000.
“With ample inventory of plotted improvements and affordable land parcels ranging between Rs 28,000 for every sq yard and 40,000 for each sq yard, Sector 151 is a major attraction among investors. Be that as it may, the restricted recurrence of public transport regardless of optimal road nexus has kept the occupancy rate of the locale low,” remarks Nikhil Batra, Property Agent, Suraj Properties.
Sector 134, Noida
Sector 134 in Noida is undergoing immense residential turn of events, mainly in the type of tall structure apartments. Property costs here have seen an almost five percent development YoY and as of now stand at Rs 4,300 for every sq ft. Vicinity to work centers, for example, Express Trade Tower, Infospace and Advant Navis Business Park, fuel the housing demand in the area. The nearest metro station is Sector 137 at five km on the Aqua Metro Line.
Sector 168, Noida
Strategically located along the Noida-Greater Noida Expressway, Sector 168 is a developing locality with great network to other Noida, Greater Noida and Delhi areas. The sector is limited by Sector 135 in the west and Sector 142 in the north, the two of which are home to large-scale office spaces and IT parks, consequently, fueling the rental demand. A 2 BHK flat can be leased for Rs 12,000 every month in Sector 168. The residential improvements are in the type of multi-story apartments, both in ready-to-move and under-development stages. Buy rates for properties stand at Rs 5,300 for each sq ft after a YoY development of north of 10%.
Sector 75, Noida
Comprising for the most part mid-income housing units, Sector 75 is among the fastest developing realty centers in Noida. The area saw a 20 percent YoY appreciation in property values that stand at Rs 6,800 for each sq ft. The residential social orders in Sector 75 accommodate various retail stores and amenities. Additionally, the Sector-50 Metro Station associates it to a few major commercial center points in Noida, like Film City and Sector 18 (12 km), Sector 62 (12km) and the recently evolving Greater Noida districts. Resultantly, the area has come up as a very much wanted locality for investors, too, with rental yields of three percent YoY.
Bishal Mallick, a previous inhabitant, praised the area for its “smooth network” on Quickbulls. In addition, the six-lane underpass at Sector 71 will additionally float its network remainder.
Sector 110, Noida
Sector 110 has seen nearly five percent YoY development in buy rates, which as of now are around Rs 5,700 for each sq ft. Home to Maharishi College and nearness to NSEZ, and office centers in Sectors 125, 132 and 142 attract the buyers and tenants. The locality generated an annual rental yield of four percent and exacts Rs 15,000 as month to month rental for a 2 BHK unit. Residential apartments dominate the inventory supply in Sector 110, with north of 95% stock in the resale category.
Sector 129, Noida
Sector 129 is an affordable locality, with the majority of housing supply in 2 BHK and 3BHK configurations estimated at Rs 4,200 for every sq ft. The area is near work center points like ETT, Logix Technova, and Advant Navis Business Park. Annual rental yield in Sector 129 is around three percent, and the yearly cost appreciation recorded is approximately eight percent as of Q1, 2022. The upcoming Noida International Airport is probably going to drive the real estate market in and around the locale further. The nearest metro station is Sector 137, only three km away from the locale, ensuring smooth network to various parts of Noida and Delhi.
Sector 70, Noida
Situated along Vikas Marg, Sector 70 is an upcoming residential sector majorly consisting of independent houses and multi-story apartments. Witnessing nearly three percent YoY development in costs, property values here float around Rs 5,300 for each sq ft. The month to month rental for a 2 BHK flat averages at Rs 15,000. The locality scores high with regards to availability to other ideal places of Noida. Occupants benefit from Blue Line metro network through Sector 61 Metro Station (2.5 km). Moreover, nearness to one of the major work zones in Noida, from Sector 57 to Sector 68, supports the rental demand. Once finished, the Jewar International Airport would also help the real estate feeling in the area, further pushing the costs and annual rental yield, which stands at four percent.
Since the State government plans to stretch out metro administration to Noida Augmentation, the district will encounter further developed network. All the more such locations will arise, offering a plethora of affordably estimated units to potential buyers. Be that as it may, a buyer or investor should take cognisance of the surveys and feedback from previous and current inhabitants prior to making a purchase choice.
