Lifestyle

Noida Sector 50 property market: An overview

[ecis2016.org] Noida Sector 50, located in Gautam Budh Nagar, is one of the most prominent and posh localities in Noida. The locality provides strong social infrastructure, along with good connectivity to several parts of the city at affordable property prices

Noida Sector 50 real estate has experienced a rapid growth over the years and has emerged as one of the most desired residential areas in Noida. The primary reason for the demand of apartments in Noida Sector 50, is its strong connectivity with several parts of Delhi, Ghaziabad, Greater Noida and Ballabhgarh. Public transport facility like UPSRTC and DTC bus services, along with the proximity of the Wave City and Golf Course metro station, makes commuting easy for the residents of this locality. The proposed FNG (Faridabad-Noida-Ghaziabad) Expressway is under construction and could fuel price escalation of flats in Noida Sector 50. The buildings in Noida Sector 50 are high-rise, which gives the locality a majestic look. With the rise in the demand of apartments, the popularity of independent houses in Noida Sector 50 has diminished in recent times. The locality offers wide internal roads, which helps smooth flow of traffic during peak hours.

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 The top builders in Noida Sector 50 include Mahagun, Amrapali, Omaxe, TGB Group and Greens Group. Top projects in Sector 50 are Manor, Maple, Morpheus and Maestro by Mahagun, Exotica and Eden Park by Amrapali, Twin Tower by Omaxe, Greens I by Greens Group and Meghdutam by TGB Group. These newly launched projects are not only luxurious but also provide all basic amenities at a lower cost, compared to the properties in Delhi. Nearby localities of Sector 50 include Noida City Centre, Sector 32, Sector 39, Sector 40, Sector 41, Sector 48, Sector 49, Sector 51, Kendriya Vihar and Barola.

Connectivity with nearby Noida Sector 50 localities

  • The nearest metro station is the City Centre, which is within 2 kilometres.
  • The Indira Gandhi International Airport is about 30 kilometres away.
  • The major bus stations of the locality include New Holland Fiat India Bus Stop, Barola Market and Sector 49 Barola Market.
  • The nearest railway station is the Ghaziabad railway station, which is 12 kilometres away.

Employment hubs near Noida Sector 50

  • Some of the elite companies based in Noida Sector 50 include Tech Mahindra, Adobe Systems India, BGR Energy System Ltd and NTPC Ltd.
  • Other commercial hubs of Noida, Gurgaon and Delhi are also easily accessible via the metro rail network that connects the whole of Delhi-NCR.

Read also : Kolkata Metro route, map, stations and latest updates

Read also : Centre looks to global construction technologies, to speed up PMAY

 

Schools in Noida Sector 50 and other social amenities

Sector 50 provides a very well developed social infrastructure. The reputed schools in Sector 50 include Nilgiri Hills Public School and Ramagya School. The leading hospitals in Sector 50 include Indraprastha Apollo Hospital and Kailash Hospital. Big malls in Sector 50 are lacking but it has a number of shopping arcades like Garden Galleria and The Spice World.

Read also : Kolkata Metro route, map, stations and latest updates

Read also : Centre looks to global construction technologies, to speed up PMAY

 

Physical infrastructure in Noida Sector 50

The type of residential properties available in Sector 50 include apartments, plots and limited individual houses. The opening of the Faridabad-Noida-Expressway will definitely impact the Noida Sector 50 real estate market and lead to escalation of propert prices.

Read also : Kolkata Metro route, map, stations and latest updates

Read also : Centre looks to global construction technologies, to speed up PMAY

 

  • Price appreciation – 15.4% over the last one year.
  • Current property rates – Rs 5,534 – Rs 17,403 per sq ft.

Reasons to invest in Noida Sector 50

Considering the price trends in Sector 50 and the rising demand for residential properties, investment in this locality will be a good idea. The public transport, with the metro station in close vicinity, is one of the key factors benefiting Noida Sector 50 real estate. With new constructions in this area, there will soon be a shortage of open space that contributes in providing groundwater and recreational activities to the residents. However, with planning during the constructions, this issue can be taken care of. Looking at the future prospects and the price appreciation of residential properties, it will definitely be a good investment with high return values.

Check properties in Noida Sector 50

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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