Sector 50 Property Market: An Overview

[ecis2016.org] Sector 50 is a residential neighbourhood in Noida that lies in close proximity to Delhi and has prominent residential properties newly launched and developed by reputed builders in Northern India.

Sector 50 is a neighbourhood belonging to the New Okhla Industrial Development Authority, more

You are reading: Sector 50 Property Market: An Overview

commonly known as Noida. It is part of the NCR (National Capital Region) of India and is rated to the

greenest city in India. The township has emerged as a well-planned urbanised city well-connected to

Delhi and nearby cities in Northern India. Noida received many awards for its fine planning,

infrastructure and housing. Recent surveys have also revealed that Noida is the next best realty

destination after Mumbai. With numerous large companies and multinationals setting up offices and

offering employment to people in Noida, real estate in Sector 50 and all other parts of Noida are on

the rise.

Connectivity with nearby Sector 50 localities:

Sector 50 is very well connected to Delhi and nearby areas of Delhi. Availability of public transport

through the Uttar Pradesh State Road Transport Corporation (UPSRTC) and Delhi Transport

Corporation (DTC) ensures smooth connectivity for the residents.

Employment hubs near Sector 50:

Some of the major offices that can be found in Sector 50 include

 Flex Factory

 Tech Mahindra

 Adobe Systems India

 NTPC Ltd.

 BGR Energy System Ltd.

Read also : SC asks Unitech MD to show bonafide, by depositing Rs 1,000 crores

Schools in Sector 50 and other social amenities:

There are a few well-known schools in and around Sector 50 such as –

 Ryan International School

 Cambridge Senior Secondary School

 Apeejay School

Sector 50 also has some reliable healthcare facilities for its residents. Some of the hospitals in Sector

50 include –

 Max Hospital

 Apollo Hospital

 Indraprastha Hospital

Leading banks operating in Sector 50 are –

 ICICI Bank

 Axis Bank

 State Bank of India

Sector 50 is also home to some very popular shopping malls such as The Great India Place, Centre

stage Mall, The Spice World Mall and Garden Galleria. Apart from shopping, residents of Sector 50

can also indulge in recreational activities by visiting nearby sites like the Kalindi Bird Sanctuary, Golf

Course, Country Club, Worlds of Wonder and Gautam Buddh Park.

Physical Infrastructure in Sector 56:

The newly proposed FNG (Faridabad-Noida Expressway) is under development and is expected to

Read also : Ashwin Sheth Group launches Blissberg – the final tower at Montana – a fusion of the city life with the serene surroundings of Mulund (W)

improve the connectivity between Noida and Faridabad.

 Vihar Railway station is the nearest station located 13.5 km away via the Chaudhary Charan

Singh Marg

 Hazrat Nizamuddin Railway Station is located 15km away (via DND Flyover)

 City Centre is the nearest metro station to Sector 50, located 2km away (Via Block D Road)

which connects the neighbourhood to rest of Noida and Delhi

 Indira Gandhi International Airport is located 30.5km away (via Ring Road)

Price trends in Sector 50:

Owing to its strategic location, property and apartments in Sector 50 are high in demand. Average

price of flats in Sector 50 have been estimated to be around Rs. 6685 per sq. ft. with prices ranging

between 950 sq. ft. to 4464 sq. ft.

Reasons to invest in Sector 50:

There are several well-known and reputed builders in Sector 50 having launched their projects,

some having already been completed. Some of the top builders include Amrapali, Omaxe, Greens,

Mahagun and TGB Group and prominent residential properties completed by them include Exotica,

Meghdutam, Twin Tower, Maple, Morpheus, Maestro and Eden Park. Property in sector 50 is much

sought after because of its location, easy accessibility to Delhi and surrounding areas and also

because Noida has grown into a well-equipped residential as well as commercial township. This

makes investment and prospects of return much better for most people.

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

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