Thursday, July 24, 2014

Noida Extension in the fast track of realty development

Noida Extension part of Greater Noida (part of the state of Uttar Pradesh) has come under the realty radar. The four sectors which comprise of the Noida Extension are governed by the Greater Noida Development Authority. This area was essentially dedicated to affordable homes but things are starting to change now. Noida Extension will be transformed into a new residential hub in the National Capital Region. Several new projects are launched in the area getting a good response from residents in and around Noida Extension. The Dadri Main Road connecting Noida Extension provides better connectivity along with the upcoming expansion of the metro in the National Capital Region. The area is mostly occupied by small scale and medium scale industries. In terms of social infrastructure, the area has a good stronghold with a number of entertainment avenues.

In the year 2011 we saw 2.5 lakh homes launched here out of which 1.5 lakh homes were bought in the pre constructions stage itself. The construction work came to an abrupt halt with the farmer protesting on land acquisition issues. However this has been resolved now. Property in Noida Extension turned out to be a good investment option after all.



“The housing demand in Noida Extension is going to be very high after National Capital Region Planning Board (NCRPB) approval, while supply is very weak. Prices are bound to increase because of various factors such as hike in compensation to farmers and rising input cost. Prices were Rs. 2,100-2,200 a sq ft in this region last year. Now we expect the same to go up to about Rs. 2,600 per sq. ft. “Amrapali Chairman, Anil Sharma told PTI.

However if you look at flats for sale in Noida, they do not fall under the affordable housing bracket anymore. With the increase in land acquisition cost and construction cost including cost of raw material in the recent past, builders are struggling to deliver the dream of affordable housing to the common man. "We were selling homes at Rs. 2,300 per sq ft in May last year when farmers protest started on land acquisition issue. Now, we will launch projects at Rs. 3,200 per sq ft in Noida Extension," R K Arora said, Chairman Supertech said to NDTV Profit.

"This area has been considered as region of affordable homes. Lot of burden has to be borne by the developers. So there will be little bit of price increase," JLL India CEO (Operations) Santosh Kumar said to NDTV Profit. With the steady increase in demand, prices of property in Noida Extension are said to go up. This will further affect the current scenario including the purchasing power of an individual.

Today Noida Extension is planned by the development authorities in such a manner that it has become a haven for urban dweller. The prices are still comparatively lower compared to the rest of the National Capital Region. Following the PPP Model – Public Private Partnership, the development authorities need to chart out future infrastructure developments here.


This is a guest post by Sulabha Kulkarni who is a freelance writer and an avid blogger. Her areas of expertise are finance and real estate sector in India.

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  128. India is a nation of diversities and there are a number of premium features and facilities which are introduced every day. The developers are working towards the betterment of the realty industry from over a period of decades thus creating actual value for the investors. #callmebaby @aajtak Himalaya Pride #Breakingnews

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  129. Thank you so much for amplification that much about Real Estate. Gardenia Residency Lucknow gets an advantage over the other businesses.

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  130. Very nice post. Thanks for sharing and keep up the good work. I am also looking for. Supertech King Towers

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  131. Viraj Constructions is a name gaining rapid popularity amongst the residents of the city of Lucknow for keeping up to its promise and introducing the people of Lucknow to a new and better way of living life. @timesofindia #BBDGreenCityLucknow BBD Green City @aajtak

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  132. India’s one of the most leading and more than just trustworthy real estate developers, Supertech Limited is yet ready again, this time though with a blast of excitement and more than just a comfortable living in terms of homely structures. Supertech Sports Village @EconomicTimes @aajtak #SupertechSportsVillage

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  133. Logix Blossom Greens Sector 143 Noida is a residence assuring you a living space full of comfort. The pleasant lifestyle which one gets to experience here is indescribable in words. #SalmanVerdict @ibnlive #LogixBlossomGreens Logix Blossom Greens @EconomicTimes

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  134. Arihant Arden faces the Noida- Greater Noida Link which is 130m wide, ensuring a great connectivity. The 60m wide road which joins with NH24 also passes through its area and the upcoming metro station acts as a connectivity booster for the location. @ibnnews @EconomicTimes #ArihantArdenNoida Arihant Arden Noida

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  135. Paarth Infrabuild has come up with the same concept of smart townships by the name of Paarth Republic. It is a mega township, located on the Lucknow Kanpur road which nears many of the commercial projects. #SalmanBailOrJail #news #PaarthRepublic @timesofindia Paarth Republic

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  136. No matter what ever preference you have regarding living within this beautiful township, you shall certainly make use of the multi ferrous facilities like a very sporty Golf Course, tennis and other such playing courts, a multipurpose play field, swimming pool and much more with basic features of round the clock water and power supply. @EconomicTimes @timesofindia #SupertechSportsVillage Supertech Sports Village

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  137. After immense research and hard work, the very renowned realty sector developer, the Logix group who has earlier been associated with fervent names like Taib capital, ICICI Prudential, Bahrain and so on has come up to gift you your desired home through its recently launched residential venture in Noida sector 143. #DawoodIbrahim @ibnlive #LogixBlossomGreens Logix Blossom Greens @EconomicTimes

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  138. Paarth Aadyant Lucknow is a connected address which has got a green signal from the Lucknow Development Authority (LDA), thus making it a foolproof destination both to invest money as well as for final use. #PowerOfStyle @EconomicTimes @aajtak Paarth Aadyant #PaarthAadyantLucknow

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  140. Introducing a new style and any form of innovation in the real estate sector is the trademark of the Logix Group. Producing finest result is what they have always aimed at. It has proved its mettle by delivering exemplary projects in residential, commercial as well as hospitality sector. #PowerOfStyle @EconomicTimes Logix Blossom Greens #LogixBlossomGreens

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  141. These comforting amenities include a refreshing swimming pool, basket ball and tennis court, a sporty gymnasium, a community hall, a blooming club house, play area for all the innocent children, high speed elevators and WIFI portability around the campus and so on. @ibnlive #ModiInChina @EconomicTimes Logix Blossom Greens #LogixBlossomGreens

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  142. Supertech Sports Village Villas Noida Extension are by far the most spacious and independent residential spaces one could find in Greater Noida West, thus making these an ideal residential option for anyone who craves for luxury. #FuturePerfect @EconomicTimes @timesofindia #SupertechSportsVillage Sports Village

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  143. Also, the developers promise a timely possession and which if they failed to do, will pay penalty to all those who have booked their flats in their project. @NavneetJaypee @EconomicTimes Arihant Arden #ArihantArdenNoida

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  144. Moreover, this outstanding organization is to provide all the top quality solutions and features to its sensible and beloved clients. This condition of a ravishingly developed structure is at a benefit because of its ideal place as it will be connected to many known streets and places close by. #Offers @EconomicTimes Paarth NU Lucknow @aajtak #MohMaaya

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  145. The growth will look over a fresh natural field known as Gomti Greens, there is situated a professional centre near the growth, there are IT Recreational areas around the deal with, and there is also situated an worldwide conventional cricket ground. @aajtak @EconomicTimes Paarth Aadyant Lucknow

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  146. #ModiWinsHearts @timesofindia Supertech Sports Village Villas #SupertechSportsVillageVillas Supertech Villas @Economictimes

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  147. The difference lies in the quality and the level of facilities they provide to the investors. #BlackMagicVideo @EconomicTimes Arihant Arden #DemocracyDay Arihant Arden Noida contact us on 9582591700

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