Several reasons are behind Noida becoming the favorite destination for the developers, investors, as well as end-users. Besides, the city's all-around development is witnessing infrastructural growth, so real estate in Noida is also rising high based on Future Plans. There is now a Metro blue line of Delhi that will soon extend deeper into Ghaziabad and Noida. It will be bringing the two NCR closer to each other. Again, the upcoming airport at Jewar, Greater Noida, is pushing the real estate demand.
The latest news is all about the bus services by Noida Metro Rail Corporation that are being operational in and around isolated residential Townships of the locality. It is thus proving to be the largest connectivity for the residents of the locality. If you are thinking about why to invest in the Noida sector 74, you can definitely rest assured that it will be giving impeccable returns in the market with the new projects and attractive pricing.
These are the key factors that will be driving the demand for setting up in this area.
Residential real estate demand in Noida is making its peak from the presence of ample job opportunities in the areas along with the Noida Expressway. Noida is also working in the form of a mobile parts manufacturing hub. So, there are sectors across Noida that are witnessing the increased demand for plots and apartments. In support of the growth, the Uttar Pradesh government is also now planning to promote Noida and Yamuna Expressway in the form of an electronic manufacturing zone. Booking the flat in sector 74 Noida is proving to be a great idea with the property being still affordable. With improved connectivity in Noida, you will get the option of getting hands-on fantastic connectivity options. It is improving in sector 74.
The proposed metro station on the Noida Greater Noida Metro link is supportive. There are buses on the new route 313 that will carry passengers at regular intervals between Shashi Chowk Near City Centre Metro station and the Supertech Capetown. It is leading to the elimination of the dependence on private vehicles and pricy auto-rickshaw and cab rides. Overall, the services are available between 7 a.m. And 8:40 p.m. It is having a maximum fare of only rupees 26. Therefore the arterial routes like Noida Expressway, DND flyover, Yamuna Expressway, and FNG Expressway are becoming quite accessible.
The land-use policy of Noida is mixed. It is recently implemented for allowing the buyers to enjoy the commercial and residential spaces all under one roof. This is helping in the end-user support and allowing the businesses to go in a big way. You can get the developer buying the plot in sector 74 that is also given to developing the commercial and residential spaces in the single project. Overall, it is helping them grow faster to the budget for 2018-19. Such circumstances allow the Noida Authority to come up with the paying guest policy that will allow owners of the plot and houses to run the paying guest service. They can do so by making use of the mixed land use fee when acquiring the license.
The higher floor area ratio ranging between 2.75 and 3.5 is good enough for Noida to be set apart from the other NCR places. It is also becoming a great place for the development of a high rise. Like Supertech and Ajnara, the developers are already constructing the apartments, especially in sector 74 Noida.
Sector 74 is a place where you can head for the higher returns on investment average price for the residential property. There are around rupees 6.90 per square feet properties. You can find compact homes and also luxurious, spacious Apartments. Everything comes in the form of a range of options to choose from. The houses are available at the prices starting from nominal rates for the 600 square feet space. It also goes up to 8 crores for the 5000 square feet space. The project location is promising. Supertech Limited is also holding 6-acre property with houses that are known for the tallest residential buildings in India. With a height of 255 meters, the project is also offering a range of high-end Studio Apartments, 4 BHK, and 3 BHK homes.
Elite Capetown Supertech Limited is also a good place that comes with 34 acres of land, and the property is offering 5266 units of the 2 BHK, 3 BHK, and 4 BHK Apartments that lie between 930 square feet and 2385 square feet. Ajnara Grand Heritage offers a luxury residential project situated on a plot of 12 acres and encompasses around 16 towers with 1760 units of 2 BHK, 3 BHK, and 4 Bhk houses. In addition to all this, Supertech is developing two more under construction project right at Sector 74 to offer their 3 BHK Apartments ranging between 70 and 80 lakh budget. Some others are available with 3 BHK and 4 BHK Apartments ranging between rupees 1.5 crore and rupees 2.5 crore budget.
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