Greater Noida – is the hottest real estate market in NCR – once again!!

Real estate market in Noida is yet again catching the imagination of end user and investors. This time, the media was flooded with stories and advertisement about the series of affordable housing projects that are launched in last 3 months.

• Roti-Kapda aur Eco-Village,
• Sapno Ka Ghar – Sirf 9 Lac Mein
• Pay for your dream apartment – Get a complimentary township
• Cross a road and SAVE lacs
• Better Homes @ Best Price!
• Livable homes for everyone

Where is Noida extension? Where is the exact location of these projects? Tell me how to reach to these places. Send us details of the project.  Groundtruths.com has seen more than 30,000 unique hits for inquiring about these projects and there are numerous emails and phone calls that are pouring in!! Noida extension is the buzz word.

Hottest Market In NCR

But where is Noida extension? This in-fact is Greater Noida!!! Sector 4 and Sector 1 of Greater Noida is where Guar City, Amarapali Smart City, Supertech Eco Village II  & I, Panchsheel Hynish, Earthcon Universal Casa Royale & Steller Jeevan are the projects that are attracting a lot of buyers. Infact this area has taken the fizz out of projects like RG Residency, Prateek Laurel which were attracting buyers only few months back.

Rate of these projects starts at Rs 1800 per sft and since it’s lower than Noida rates it makes it an attractive option for the buyers. Sector 4 is just across the Hindon River from Noida and with bridge on the river getting operational and fast paced development of roads in these sectors by Greater Noida authority, these new launches makes a compelling option for the buyers. Sensing the market need for affordable housing, the developers have launched several 1 Bed Room apartments in their project. One can own a house in as low as 10 Lakh.

These flats will start getting completed after 3 years and all the projects will see completion in 6 to7 years. The number of residential units in these projects will be in excess of 30,000. This will make this pocket highly dense residential area in the years to come.

At this stage, there is no social infrastructure (schools, hospital, commercial complexes) in the vicinity of the projects in Greater Noida. The residents have to leverage Noida social infrastructure. Greater Noida authority has worked on the principle of creating infrastructure in excess of the likely demand and this area is appearing like an exception at this stage. Infact this area does not at all resemble the well planned city; Greater Noida has come to be know as! In Greater Noida, hording and banners are banned but that does not seems to be the case in sector 4 and sector 1! But it’s a matter of time before these sectors look like the main Greater Noida and that will make these investments even more attractive for buyers.

So yet again, Greater Noida is the “Hottest Real Estate Market” in NCR!!! The focus however is in underdeveloped sector 4 and 1, which is the northern most tip of Greater Noida. Pari Chowk – most prominent landmark of Greater Noida is good 17 km from this area!!