Noida Extension: An Affordable Haven for Homebuyers

Noida Extension, a developed region around the National Capital Region (NCR) is one of the most promising and affordable residential destination across India. It is an extension of Greater Noida in Gautam Budh Nagar District of Uttar Pradesh. All sectors under Noida Extension, that is, Sector 1 to 4, comes under Greater Noida Industrial Development Authority (GNIDA). This area was planned and conceived to offer housing for millions of middle and upper middle class citizen in the NCR region.

Connectivity and transport

Connectivity serves as a big factor in making any location interesting for the homebuyers and as Noida Extension is a planned locality, it has excellent connectivity to other parts of the region using metro, road and rail transport. It is well connected to Noida, Greater Noida and Gaziabad and offers direct connectivity to NH-24.

Metro

Connectivity will further enhance after the announcement of expanding the existing City Centre Metro line to Noida Extension. This line will come as an extension at the Sector 71 and will go up to Supertech’s Eco-Village III housing project. This proposed metro line is expected to get over by next year.

Road

• The Faridabad-Noida-Ghaziabad Expressway (FNG) which is currently under-construction will be one of the important transport links and will be helpful in easing the traffic congestion between Noida and Gaziabad as well as in NH-24.
• The arterial roads of Noda Extension when constructed will connect to a 130-metre wide road that will in turn link to Sector 121 in Noida, and ending up at Pari Chowk.

Social and Civic Infrastructure

The entire region has been planned and developed and it reflects very well in the infrastructural development of the area. The well-laid wide roads along the internal sector roads, the newly constructed malls, good international schools and heath care institution are part of the planned infrastructure. Few of the educational institution in this region are Alliance World School, Cambridge School, Global Indian International School, Indraprastha Global School, JBM Global School, Genesis Global School, Birla Institute o f Management Technology, Amity Institute and Jaypee Institute. Reputed hospitals like Apollo Hospital, Kailash Hospital, Max Hospital and Metro Heart Institute are located in this realty destination.

Apart from that, one can find good eating joints, supermarkets, Banks, ATM’s, Malls and clean and green parks in this region.

IT companies

Noida Extension is an emerging hub for IT and ITES companies owing to the measures taken by the Noida Industrial Development Authority. This suburb is providing best of the infrastructure that includes uninterrupted power and water supply. It will be considered as one the best upcoming IT destination in India with number of IT and BIO tech parks in its vicinity, such as Amarpali Tech Park, Globus IT Park, Kalika Infotech, Habitech Tech Park, Wipro IT Park and Wegmans Industries.

Real estate

Noida Extension sharing its border with Gaziabad, Hindon River and Greater Noida and is today the best residential and commercial location in India. Around 70 to 75 real developers are ready with a good number of projects providing 1, 2 and 3 BHK housing at affordable prices. In areas like Gurgaon, Noida, and Dwarka, the average price is Rs. 5000 to Rs 6000 per sq ft, but Noida Extension is attracting homebuyers with a price range of Rs. 2,700 to Rs. 3,500 per sq ft. It is believed that in another five years the prices will escalate by at least 30 to 40%.

Some of the prominent developers in this locality are Ajnara India Ltd, Antariksh Group, Supertech Developers, AVJ Group, Gaursons Group and Amarpali Group among others. Around 3 lakh housed are expected to be delivered in the next 2 to 3 years time.

Noida Extension is not only offering affordable houses, but also luxury and Ultra-premium homes with world class amenities. Some of the projects are:

• Elixir Parx Laurete, Rs 1.50 crore onwards
• Paras Seasons, Rs 75 lakh onwards
• Paramount Floraville, Rs 49 lakh onwards
• Lotus Zing, Rs. 54 lakh onwards
• The Jewel of Noida, Rs. 1.30 crore
• The Orchards, Rs. 1.30 crore

Price details

• Highest locality price: Rs. 3260 per sq ft
• Average locality price: Rs. 3240 per sq ft
• Lowest locality price: Rs. 3210 per sq ft
• The return on investment is witnessing a decrease of 3% q-o-q.

Noida Extension promises a bright future for the investors. It is a next big thing in the realty world and investing now will give you good returns in next two years.

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