[ecis2016.org] Sector 2 in Noida is now becoming one of the most sought-after residential destinations in the country as it is witnessing tremendous development
Noida Sector 2 enjoys a robust realty market in the region, which is driven by its massive commercial and infrastructural development, along with its relatively economical price, when compared to its neighbouring areas like New Delhi and Gurgaon.
You are reading: Noida Sector 2 property market: An overview
The area enjoys a steady demand for residential properties due to the availability of quality housing units in all budget categories, which are not only affordable but also luxurious. Investors get a host of options to choose from – commercial spaces to villas and high-end apartments. Developers and builders are, therefore, rapidly building high-rise buildings and office spaces with lucrative perks, to attract buyers in the hope of making profits, while the home buyers are investing in this posh and developing area, either to reside or investing in commercial and corporate offices.
The strategic location of the place with infrastructures like road networks, power supply, social infrastructure and amenities such as hospitals and education centers are constantly attracting developers to launch more projects in the region.
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Some of the prominent Noida Sector 2 real estate developers and groups who have presence in this location are Antriksh Group and Unitech Group.
Connectivity with nearby Noida Sector 2 localities
- The Greater Noida Metro link extends through this region.
- The nearest railway station to the area is Hazrat Nizamuddin railway station, which is only 5 kilometres away.
- The approximate distance between Indira Gandhi International Airport and Sector 2 is only about 15 kilometres.
Employment hubs near Noida Sector 2
Upcoming commercial spaces such as IT parks and business parks will increase the demand of the region in the coming years.
Sector 2 offers good social infrastructure to its residents. Some of the reputed educational institutions and schools in Noida Sector 2 include Murti Devi Public School and Mukandi Devi Public School. Bridge School of Management is among the renowned colleges in Noida Sector 2 that is known to impart quality education to the aspiring students.
Physical infrastructure in Noida Sector 2
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The upcoming metro extension and other infrastructural improvement projects, such as widening of NH-24 and construction of Faridabad-Noida-Ghaziabad (FNG) corridor, are expected to enhance the connectivity in a few years, thereby boosting the realty sector further in this area.
Price trends in Noida Sector 2
- Current property rates – Rs 2,714 – Rs 4,034 per sq ft.
- Price appreciation – 51% in the last few years.
Reasons to invest in Noida Sector 2
Considering the price trends in Noida Sector 2, with its affordable rates as compared to the prices of properties in Delhi, an individual can avail a luxurious lifestyle in this developing region. Rich civic amenities and social infrastructure in the form of hospitals, developing IT hubs and reputed organisations, are making this place attractive for the investors. The roadways, railways and metro stations are an added advantage in this developing region, which promises to be a fruitful investment region, with good returns for both the developers and the home buyers.
Check properties in Noida Sector 2
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Source: https://ecis2016.org
Category: Lifestyle
