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Greater Noida is being touted as the ideal real estate destination. It is coming up with a number of innovative plans which has given a push to the real estate market. An eco-friendly along with international standards infrastructure makes Greater Noida a preferred destination.
The comprehensive property analysis will ensure you get a fair idea on current capital as well as the rental values of its various localities. In continuation of our ongoing feature from our previous issues on Greater Noida the current price trend and analysis is being discussed in this issue.
STATUS OF SUPPLY
Greater Noida has total of 10380 flats ready with occupancy factor of 64%. The estimated supply of flats for the year 2009, 2010 and 2011 would be 8061, 7200 and 2717, respectively as per present construction activities.
Developed Areas
Alpha sector has a total of 10 residential projects out of which 9 are complete. The occupancy for the completed construction is 87%. The inventory of plots in this sector is 3760 and the inventory for flats in this sector is 1204. The rates for plots varies from Rs. 25000 – 28000 per sq. mt and that of flats varies between Rs. 2400 – 3000 per sq.ft.The rentals in this area range between Rs. 5500 – 10000.
Beta sector has a total of 2 residential projects which are complete. The occupancy for the completed construction is
Greater noida residential apartment Sale Rates
94%. The inventory of plots in this sector is 3551 and the inventory for flats in this sector is 199. The rates for plots varies from Rs. 24000 – 28000 per sq. mt and that of flat varies between Rs. 2100 – 2800 per sq.ft.The rentals in this area range between Rs. 6000 – 8500.
Builder area comprising of pockets P3 & P4 has total of 12 residential projects out of which 11 are complete. The occupancy for the completed construction is 51%. The inventory of plots in this sector is 1723 and the inventory for flats in this sector is 6391. The rates for plots varies from Rs. 19000 – 25000 per sq. mt and that of flat varies between Rs. 2400 – 3000 per sq.ft.The rentals in this area range between Rs. 3000 – 15000.
Sector Gamma has total of 2 residential projects out of which 1 is complete. The occupancy for the completed construction is 91%. The inventory of plots in this sector is 2730 and the
Gr Noida Residential Plot Sales Rates
inventory for flats in this sector is 216. The rates for plots varies from Rs. 22000 – 27000 per sq. mt and that of flat varies between Rs. 2900 – 3100 per sq.ft.The rentals in this area range between Rs. 4000 – 12000.
Sector Pi has a total of 28 residential projects out of which 14 are complete. The occupancy for the completed construction is 75%. The inventory of plots in this sector is 159 and the inventory for flats in this sector is 7279. The rates for plots varies from Rs. 18000 – 22000 per sq. mt and that of flat varies between Rs. 2100 – 3425 per sq.ft.The rentals in this area range between Rs. 4000 – 14000.
Sector Tau (popularly known as Swarn Nagri) has a total of 2 residential projects out of which 1 is complete. The occupancy for the completed construction is 40%. The inventory of plots in this sector is 1161 and the inventory for flats in this sector is 493. The rates for plots varies from Rs. 22000 – 25000 per sq. mt and that of flat varies between Rs. 2650 – 2800 per sq.ft.The rentals in this area range between Rs. 7000 – 10000.
Semi Developed areas
Sector Chi Phi has total of 6 Residential Projects out of which 3 are complete. The occupancy for the completed construction is just 10%. The inventory of plots in this sector is 1091 and the inventory for flats in this sector is 2189. The rates for plots varies from Rs. 15000 – 20000 per sq. mt and that of flat varies between Rs. 2800 – 3500 per sq.ft.The rentals in this area range between Rs. 5000 – 13000.
Golf Course mainly developed by Jaypee Group has 6 residential projects on anvil but only one has been completed. The occupancy rate for that one project is just 16% as of now. The inventory supply for these 6 residential projects is 1194 flats. The rates of these flats varies between Rs. 5400 – 12000 per Sq Ft. The rental though is staggering ranging from Rs. 125000 to Rs. 200000.
Delta Sector has only plotted development and hence the residential projects conceived belong to individuals only. The occupancy rate in this sector is 66%. The sector consists of 4210 plots. The rate of plots in this sector varies from Rs. 15000 to 25000 per sq. mt. Sector Eta has 884 plots having rates varying between Rs. 14000 -18000 per Sq.Ft.
NRI City has total of 2 residential projects out of which are complete. The occupancy for the completed construction is 40%. The inventory of plots in this sector is 592 and the inventory for flats in this sector is 466. The rates for plots varies from Rs. 23000 – 28000 per sq. mt and that of flat varies between Rs. 3100 – 3500 per sq.ft.The rentals in this area range between Rs. 8000 – 20000.
Sector Rho (Otherwise known as Sector 36-37), has just one Residential Project under construction. The inventory of  plot in  this area is 2582 and the number of flats under construction is 122. The rates for plots varies between Rs. 19000-23000 per sq. mt. and the rates for flats varies between Rs. 2995 – 3000 per Sq ft. Sector Sigma has 3 residential projects on the anvil and all 3 are under construction, supplying 488 flats to the inventory. This sector also has 2340 plots with rates varying between Rs. 15000 – 20000 per Sq. mt. The rates for flats varies between Rs. 2100 – 2500 per Sq. ft.
Sector Zeta has 4 residential projects under construction providing 1336 flats to inventory with rates varying between Rs. 2350- 2850 per Sq Ft. The sector also has inventory of 559 plots with Rates varying between Rs. 14000 – 18000 per sq. mt.
Under-Developed Areas
Sector Mu has inventory of 1115 plots and development of 4000 flats are in various stages of construction in 2 residential projects. The rates for plots in this sector varies between Rs. 14000- 17000 per sq. mt. and that of flats range between Rs. 2650 – 3375 per Sq Ft.
Sector Omnicron has inventory of 2474 plots and development of 2865 flats are in various stages of construction in 4 residential projects. The rate for plots in this sector varies between Rs. 16000- 19000 per sq. mt. and that of flats range between Rs. 2650 – 3125 per Sq Ft.
Un-Developed Area
Sector 3 and Sector Xu at Greater Noida can be classified as undeveloped sector since development activities are yet to see the light of the day. Although the plots are being sold in Sector 3 at rates varying between Rs. 10000 – Rs. 15000 per sq. mt. and in Sector Xu the rates vary between Rs. 10500 – 14000 per Sq. mt.
