There has been an important inhabitant’s growth in the city with the heavy investments for IT and ITES development in Noida. Consequently, with the fast growth of the commercial real estate market, the Noida residential property has also grown rapidly. The growing demand has enviably put up an admiration of the Noida residential properties.
The most important cause for the growth of the residential property market is growth of the corporate and the industrial sector in the city. Now, thousands of IT professionals go down to the city for work reason. That’s why a demand for the residential properties has been increased.
As a result of the increase in the price of Noida residential property, many people find it to be a well-paid option to invest. Actually, the tendency of property investment has begun people across Delhi and the NCR area to pay money for residential properties in Noida.
Noida is close to the capital and a planned satellite township, for that the city has become the hot spot for NRI investment. The expected Foreign Direct Investment in the coming years is considering being 30,000 crores.
Nearly everyone of the Noida residential property units are located in the sectors 14, 15, 27, 28, 29 and 37. Bulks of the residential properties are residence units while the ones located in sector 44 are group housing.
The diversity of Noida residential property ranges from flats, apartments, self-governing houses, lavishness bungalows, condominiums, villas to penthouses.
It covers an area of 347 acres is located in sectors 96, 97 and 98 of the Greater Noida Expressway. Built by Unitech, the massive project is one of the most prestigious residential developments in the city. The size of the apartments ranges from 2200 sq. ft. to 5500 sq. ft. and the price starts from Rs 7,600 per sq-ft.
The Jaypee Group has arisen with a golf centric residential complex called the The Wish Town at Sector 128, just on the other side of the Expressway. The list of other future projects in Noida includes Utopia by Eldeco, Grand Woods by Omaxe, Aamantran by Eldeco, Forest Spa by Omaxe, Olympia by Eldeco, Omaxe Twin Towers, Celeste Towers by Assotech limited and Gaur Grandeur.