Property Rates in Noida

About Noida Property rates

Noida has emerged as one of the most popular residential hubs in Delhi NCR. Connectivity to Delhi and Ghaziabad, multiple employment avenues, and sound infrastructure have contributed to high housing demand from homebuyers and investors.

Noida, a popular employment hub

Key corporate giants, including Barclays, Infosys, HCL, and Wipro, have their offices in Noida. Several commercial establishments and office complexes located in Sectors 62, 63, 132, 137, and 143 attract a large section of professionals. An extensive road network and sound metro connectivity via Delhi Metro and Noida Metro lines provide easy commuting options. Noida-Greater Noida Expressway, DND Flyway, and Yamuna Expressway provide robust inter-city connectivity. In addition, Noida boasts of a robust sports infrastructure; it is home to Golf Course and International Cricket Stadium. Noida also has a large media industry with several production houses, including Film City, and news channel studios.

Property rates in Central Noida

Home buyers and investors looking for affordable property options may explore Sectors 41, 46, 49, and 73 in Central Noida. The average buy rates here hover around Rs 5,000 per sq ft. It goes up to Rs 6,000 per sq ft for areas with high concentration of mid-income housing units. These include Sectors 34, 70, 119 and 120. A number of luxury projects are also available in Sectors 50, 75, 76, and 78, Noida.

Property rates along Noida-Greater Noida Expressway

Noida-Greater Noida Expressway has also emerged as one of the most popular housing stretches in Delhi NCR, thanks to fast residential and commercial development happening simultaneously in the region. Sectors 99, 131, 135, and 151 offer affordable housing options with an average rate of Rs 4,500 per sq ft. Sectors 82, 134, 137, and 168 along Expressway have a number of residential projects offering flats between Rs 4,500 and Rs 5,500 per sq ft. The upscale areas, such as Sectors 107, 128, and 150, have a starting range of Rs 5,500 per sq ft and, can go up to Rs 9,000 per sq ft based on amenities, builder and location.

Best performing localities in Noida

Noida offers a plethora of housing options in varied budget groups. Unlike the neighbouring cities of Delhi and Ghaziabad, Noida offers leasehold housing units. Developed housing societies, good rental income, and ample housing stock attract a large share of investors here. According to the data available with 99acres, property prices in Noida have shown an upward trend. The housing rates in Sector 108 have shown the highest annual growth of around 40 percent. Other sectors, such as Sector 100, 107, and 79, have seen annual price appreciation up to 30 percent. Talking about returns, Sectors 26, 41, and 46 have garnered the highest rental yields between 11 and 16 percent annually.

Popular developers in Noida

Developers, such as Jaypee, Amrapali, Mahagun, and ATS Group, are some of the major developers operating in the city. Interested buyers can also choose from several State and Central Government housing projects located in Kendriya Vihar I&II and Jal Vayu Vihar. Most of the prominent housing sectors are located in Central Noida and along Noida-Greater Noida Expressway.

Housing Inventory in Noida

Noida primarily offers residential apartments and independent floors. Units configured as 3 BHKs form the majority of supply, followed closely by 2 BHK units. Based on listings posted on 99acres, Sectors 75 and 78 in Central Noida have the highest concentration of residential apartments, followed by Sectors 79 and 77. Some sectors popular for independent houses include Sectors 41, 49 and 73. Sectors 44, 47, 105, 108 and 122 offer a healthy supply of residential plots. When it comes to Noida-Greater Noida Expressway, Sectors 150, 137, 128, 107, and 93 offer the maximum number of residential apartments, whereas Sectors 105 108 and 128 house a number of villas.

Infrastructure projects in Noida

Several upcoming infrastructure developments are touted to further augment the realty sector and improve inter-city mobility of Noida. Three planned metro extensions on Aqua Line will considerably boost the housing market of sectors located along these corridors. This extension will connect Noida Sector 51 to Greater Noida’s Knowledge Park V, Knowledge Park V to Bodaki in Greater Noida, and Blue Line’s Botanical Garden Metro Station to Sector 142 Metro Station. The ongoing development of the Noida International Airport in Jewar will also benefit the residents of the city and help new housing hubs mushrooming in the city. The completion of the under-construction FNG Expressway will streamline the commute towards Faridabad and Ghaziabad from Noida. A proposed elevated road over Noida-Greater Noida Expressway will decongest the city. Noida Film City, planned in Sector-21 Yamuna Expressway, is likely to generate ample employment opportunities. The under-construction Delhi-Mumbai Expressway will connect with Jewar International Airport and improve inter-city connectivity. Smooth connectivity and several employment zones, coupled with development projects make Noida a sought-after city for housing societies and independent homes among homebuyers and investors.