Sector 150, Noida: What is driving development in this region?

[ecis2016.org] Noida Sector 150 is known for its lush greenery and availability of quality housing options along with its connectivity via the Noida-Greater Noida Expressway

Known for its lush greenery and availability of quality housing options, Noida Sector 150 is seen as one of the preferred residential destinations of Noida. The progress on the Jewar Airport, has further accelerated the investment prospects in this area. Located near the 24-km-long Noida-Greater Noida Expressway, Sector 150, Noida is set to benefit immensely with the new airport, which is expected to become operational by 2024. Besides an increase in economic activity, there are chances that property prices may see an upward tick, due to the increase in demand for commercial, as well residential properties. Here is everything you need to know about Noida Sector 150 and its investment potential:

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Noida Sector 150 overview

According to ecis2016.org data, the average property rates in Sector 150 Noida, is Rs 5,685 per sq ft, which can go up to Rs 13,888 per sq ft, depending upon the project and the brand you are buying with. Some of the leading projects available in this area are Ace Parkway, ATS Le Grandiose, Tata Value Homes Eureka, Godrej Palm Retreat, Samridhi Luxuriya and Antara Senior Living, to name a few. The average monthly rent in the area is Rs 25,716 which can go up to Rs 45,000.

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As per ecis2016.org listings, there are around 55 projects in the area and over 1,500 units in the resale category. Almost 50% of this are ready-to-move-in units, which makes it a favourable time for end-users to make a purchase. While a 2BHK apartment is available for Rs 44 lakhs onwards, a 3BHK apartment can be bought for Rs 79 lakhs onwards.

Noida Sector 150 master plan

According to the Noida Master Plan 2031, Noida Sector 150 will have around 80% of the 600-acre land parcel as green areas and only the remaining 20% will be allocated for residential or commercial construction. Apart from this, nearly 42 acres of land has been dedicated for parks and construction recreational amenities. Moreover, since the area is located at the confluence of the Yamuna and Hindon River, most of the projects here will offer river-view apartments.

At present, social and physical infrastructure is already in place, with a number of reputed schools and colleges operational. The area is buzzing with real estate activity, as a number of branded developers including Godrej and Tata are coming up with integrated townships, mixed-use and commercial developments.

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Check out properties for sale in Noida Sector 150

Noida Sector 150 connectivity

Noida Sector 150 is strategically located on Noida Expressway, which connects the region to Greater Noida on one side and Delhi on the other side. It is also well connected to Faridabad, via the newly-built Eastern Peripheral Expressway. This Expressway will link the area to Ghaziabad and Palwal. The area also has metro connectivity now. The nearest metro station of Noida sector 148 will be on the Noida Metro Aqua Line, which is just 5 kms from the area. The metro connectivity has further boosted the prospects for end-users who are considering buying a home in Noida at a place with good connectivity and in an affordable price range.

[ecis2016.org] Ghaziabad and Noida to get development projects worth over Rs 500 crores

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