Tag Archives: Greater Noida’s real estate

Prominent areas near Jewar International Airport with room to grow

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Despite construction delays, one of the innovative projects that has altered the NCR skyline is the Noida International (Jewar) Airport. Once it’s operational, real estate goldmines like Noida, Greater Noida, and Yamuna Expressway will certainly take off. This list of the top communities that Jewar Airport will benefit from can be used by investors hoping to take advantage of this opportunity. 

The operational timeline of the Noida International Airport, also known as the Jewar Airport, was recently pushed back, moving from the final quarters of 2024 to April 2025. The demand for real estate in Jewar’s surrounding areas is nevertheless persistently high due to the excitement surrounding this significant development. New residential developments are being dotted throughout the planned cities of Noida, Greater Noida, and Yamuna Expressway, as they attempt to capitalize on this situation. But as buyers, which neighborhoods should be our top priorities given the size of these cities? 

Top 5 areas where Jewar Airport will be beneficial 

Here is a list of the top five locations to invest in close to Jewar International Airport, based on factors such as the availability of residential stock and the potential for price appreciation brought about by additional upcoming developments. 

Jewar, Greater Noida 

Jewar is a suburban area only 2 km from the Yamuna Expressway. It is home to the notorious Dau Ji Mela and will soon be the location of the Noida International Airport. One of the main factors influencing buyer sentiment in this situation is connectivity, whether it be via road or air. 

Other options are available to Jewar residents via the NH-334DD, which goes through the region. 

The Noida Airport Rapid Metro corridor will also run through the area once the Jewar Airport is operational, linking it to the Delhi area’s Indira Gandhi International Airport, And that is not all! Other improvements to connectivity will improve Jewar’s vicinity, including: 

  • The proposed 28-kilometer expressway from Jewar Airport to Kalindi Kunj in Delhi will connect Chola to Palwal Station via the new railway line. 
  • An expected 28-kilometer expressway would run from Delhi’s Kalindi Kunj to Jewar Airport. 

Property prices in Jewar have increased by 25% in the last few years as the many civic projects currently under construction. The residential inventory here is dominated by plots and land parcels, with an average plot rate of Rs 2,200 per sq ft currently found in Jewar. 

This is comparatively cheap when you look at some of the larger nearby areas, such as Noida or Greater Noida. 

Regarding the accessibility of fundamental facilities close to Jewar Airport, a few of the options that are within 3 km of the location are as follows: 

  • Pragyan Public School
  • Blue Bird Public School
  • Kailash Hospital 
  • Assaka Hospital 
  • Amba Mall 

The Yamuna Expressway’s Sector 22D 

Situated on the Yamuna Expressway, Sector 22D is a rapidly developing residential hub and just a half-hour’s drive from the future Jewar Airport. The availability of well-known developers offering residencies at various costs draws prospective buyers to this neighborhood. 

For example, investors seeking high-rise properties in recently launched projects might consider high-end developers such as Ace Group. However, Sector 22D Greater Noida provides ready-to-move-in flats by Supertech Builders, Orris Group, and Authority Flats by Yamuna Expressway if you want instant possession. A wide range of planned developments are also available to purchasers; the majority of these are governed by the Yamuna Expressway Industrial Development Authority (YEIDA). 

At the moment, the average cost of real estate in Sector 22D is approximately Rs 8,300 per square foot for plots and lands, and approximately Rs 8,100 for apartments. However, Sector 22D Yamuna Expressway is regarded as one of the best areas to benefit from Jewar Airport for reasons other than the fact that apartments are readily available close to the airport. 

Dankaur, Greater Noida 

Another neighborhood, Dankaur, is only a 30-minute trip from Jewar Airport and provides prospective homeowners with several reasonably priced house options. In Dankaur, residential resale plots are widely available for Rs 11 lakh and above, with an average selling price of Rs 2,200 per square foot. 

Since the Yamuna Expressway primarily facilitates connectivity near Jewar Airport, communities like Dankaur rely on this stretch for their commutes to Noida and Greater Noida. The Surajpur Industrial Area is only a 20-minute away. So Damnkaur homeowners can benefit from year-round rental advantages. Dankaur has many social amenities available, all within a 10-kilometer radius. Here, some of the most popular amenities are: 

Situated on the Yamuna Expressway, Sector 22D, Greater Noida provides excellent access to neighboring social amenities. For example, the locality is only 8 km from Galgotias University, Noida International University, Krishna Hospital, and other places. The Sector 148 Metro Station on the Noida Aqua Metro Line is another alternative commute node; it is a 23-minute drive. 

Educational Institutes Healthcare Institutes Recreational Spots 
Gautam Buddha UniversityShri Banke Bihari Hospital Dhanauri Wetlands 
N.S.P.D Public SchoolKalash Hospital Yamuna City Mall 
Udai Public SchoolGuru Dayal Hospital Sector-22B Shopping Center 

Sector 150, Noida 

A little further out of the suburbs, Noida’s Sector 150 is another excellent area that takes advantage of Jewar Airport. Despite being 45 km away, the proposed airport is readily accessible by car in 40 minutes because of Yamuna Expressway’s constant connectivity. The Noida-Greater-Noida Expressway and the Sector 148 Metro Station (Aqua Line) are two more important commuter hubs in this area. 

The neighborhood has a great location advantage in addition to connectivity, as major business and commercial hubs like Sector 135, Sector 142, Sector 144, and Sector 153 Noida are only 14 km away. The neighborhood’s nearly 80% green open space content contributes to its overall liveability. 

Combine this with the availability of renowned builders that provide contemporary, high-rise luxury homes, such as Godrej Properties, ATS Group, Eldeco Group, Mahagun Group, and others. However, what kind of appreciation in property value can buyers anticipate from this busy neighborhood? The flat/apartment rates in Sector 150 Noida and its historical price appreciation history are displayed in the table below. 

Locality Average Apartment Price Price Appreciation in the 1 year Price Appreciation in the last 3 yearsPrice Appreciation in the previous five years 
Sector 150, Noida Rs 10,700 per sq ft27%89%98%

There is more! The extensive array of social amenities in Sector 150 Noida, some of which lie within ten kilometers, is another reason for preference. Below is a table that lists some of the most popular choices: 

Educational FacilitiesMedical FacilitiesRecreational Facilities 
GNIOT Group of InstitutionsPrakash HospitalThe Grand Venice Mall
Galgotias College of Engineering Apollo Cradle & Children’s HospitalInox Cinema 
KR Mangalam WorldYatharth Super Speciality Hospital MSX Mall
Greater Valley SchoolGulshan One29

Chi 5, Greater Noida 

Greater Noida’s Chi 5 comes last on our list of the best places to benefit from Jewar Airport. Chi 5 is only 40 minutes away by car from the soon-to-be airport, roughly 44 km away, and can be reached via the Yamuna Expressway. Furthermore, the location is only 17 km away from thriving commercial hubs such as Sector 132, Sector 135, and Sector 142 Noida due to its proximity to the Noida-Greater-Noida Expressway (5 km). The Surajpur Industrial Area (4.5km), Ecotech 2 (12 km), and Ecotech 111 (17 km) make Chi V one of the best housing hubs in terms of location. 

Still, what kinds of properties should buyers search for in Chi V Greater Noida? The majority of the housing stock in the area is made up of contemporary, gated high-rise apartments, though there are a few isolated villas and plots. Purvanchal Projects, Nimbus Group, Earthcon Constructions, Amrapali Group, Proview Construction, and other prominent builders are leading the way for this reason. 

Let us quickly review the average apartment prices in Chi V as shown in the table below, along with a glance at the historical price growth trajectory. 

Locality Average Apartment Prices Price Appreciation in the last 1 year Price Appreciation in the past three years Price Appreciation in the previous five years 
Chi VRs 8,300 per sq ft38%132%122%

What’s more? Chi V, one of Greater Noida’s fastest-growing neighborhoods, is close to a variety of social amenities; some of the more well-liked ones are just five kilometers away and include: 

  • The Great Venice Mall
  • JP International School
  • Samurja International School
  • Apollo Cradle & Children’s Hospital 
  • Yatharth Superspeciality 
  • MSX Mall 

Considering the earlier stated details, Jewar International Airport is anticipated to yield substantial benefits and influence India’s aviation sector. The airport will open the door for more residential and commercial real estate development in and around its environs, so better connectivity is just one benefit. However, significant civic improvements are still being made to these prime locations that Jewar Airport will benefit. It is always preferable to consult a local real estate office to determine where to invest. 

These considerations are crucial for real estate investors before purchasing property in Noida and Greater Noida.

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Experts in real estate advise investors to proceed cautiously and investigate the developer’s standing, project approvals, and timeliness records.

Over 6500 apartments could be registered shortly in Greater Noida after at least thirty developers consented to settle their debts following the Uttar Pradesh government’s 2023 real estate policy. Here are some things real estate investors who wish in the real estate market should know about.   

By the policy, the realtors of thirty housing projects in Greater Noida currently on hold will receive authorization to complete the registry of 6,500 apartments in their projects after paying Rs 350 crore. 

“A minimum of thirty developers in Greater Noida have signed an agreement to pay 25% of the outstanding balance and execute registries of available units in delayed housing projects.” To alleviate suffering for homebuyers, we are pursuing all realtors to encourage them to utilize the program and obtain registry permission,” said Saumya Srivastava, an additional chief executive officer of the Greater Noida Authority.  

Thirteen realtors in Greater Noida who have accepted the government deal in Noida have also agreed to the policy of coming forward to settle their debts.  

What policy does the UP government have? 

It is not penal interest for real estate developers to halt construction during the two-year COVID-19 period or in response to a court order.

Officials say that another thirty realtors will most likely consent to pay their dues. These developers have agreed to contribute 25% of the total dues, minus penal interest, to be eligible for the registry of apartments. 

How much do developers owe the authority in total? 

The stalled housing projects under this policy are 57 housing projects with 32,000 units in Noida and 96 housing projects with 75,000 units in Greater Noida.  

About Rs 8,000 crore is estimated to be owed by Noida realtors, and roughly Rs 5,500 crore is due by Greater Noida realtors for the abandoned projects. 

The authority can take away the developers’ allocations under the policy. 

If defaulting realtors refuse to pay their dues and take over the unfinished project, the government cancels their allotment. The policy also gives the three industrial bodies—Noida, Greater Noia, and Yamuna Expressway— the ability to put the defaulting developer on a five-year. 

Officials claim that out of the 75,000 units in Greater Noida, at least 96 projects are stalled and may benefit from the 2023 policy. 

The process should take one or two months to finish. 

Upon the authority’s completion of the process and granting the required permission, the procedure will be finished in two to three months.  

Three committees, led by deputy general managers, have been established by the authority to go after the remaining realtors and force them to settle their debts before they can register authorization. 

Registry in Noida 

Of the 57 real estate developers of housing projects in Noida that have stalled, only 13 have stepped forward to make payments after obtaining interest waivers under the new policy.

Realtors are under pressure from the Noida authority to either pay land dues by the new real estate policy deadline of December 21, 2023, or face consequences. 

Reason for action: of the 57 realtors of housing projects put on hold, only thirteen came forward to pay the balance after using the interest waivers provided by the new policy. 

Of these 13, seven have already paid the fees; the other two have consented and are now processing payments to obtain registration authorization. 

Thirteen stalled housing projects in Noida are among the developers who have accepted the government deal in exchange for permission to register. 

Why don’t developers in Noida show up to pay their bills as frequently as they do in Greater Noida? 

Developers in Greater Noida are paying their dues in large quantities because the policy that allows for waivers reduces the amount they owe the Authority. Major developers in Noida with debts exceeding Rs 100 crore include Supertech Group, ATS, Prateek Group, and Gardenia Glory. 

Officials from the Noida authority claimed, “These developers also demand more waivers before they decide to pay up the dues.”

However, Greater Noida authority officials stated that more developers are coming forward to settle their debts because they are less than Rs 100 crore. 

Do you want to buy property in Greater Noida or Noida? Observe the following information. 

More developers have agreed to pay their debts, which could lead to progress and a quicker completion date for the project, according to Prashant Thakur, Regional Director & Research, ANAROCK Group. Prospective buyers should, however, proceed cautiously and thoroughly review the developer’s standing, project approvals, timely completion record, and financial standing before investing. He advised doing extensive due diligence at all times and sticking with reputable, well-organized developers. 

To navigate the complexities of the market and make wise decisions, it makes sense to seek professional guidance from a qualified real estate advisor if there is any cause for doubt. Reputable consulting firms will be able to provide accurate information. He asserted that small brokers, unrestricted by industry best practices, often give misleading information to close deals. 

“It is important to monitor the policy’s progress and the developers’ compliance to obtain a clearer picture regarding its effectiveness in expediting project completion,” he went on.

The best places to buy a house in Greater Noida

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In the Delhi NCR, Greater Noida is a shining example of contemporary living. Greater Noida is still a thriving residential market because it offers an array of amenities, an abundance of homes for sale, reputable developers, and multiple IT hubs. The approval of Phase 2 of the New Noida project has also recently increased the desire among the surrounding Greater Noida region’s residents to purchase a home. Permit me to present the list of the top five Greater Noida neighborhoods. Jaypee Greens, Techzone 4, Sector-1, Sector 1 6 B, and Sector Chi 5 are a few of these. 

Greater Noida’s Jaypee Greens 

A posh neighborhood in Greater Noida called Jaypee Greens has many rental options. Jaypee Greens is strategically close to the Yamuna Expressway (5.8) and the Noida-greater Noida Expressway (4km), being next to the central market of Sector 27, Delta 1, and Alpha 2. The two developers in the area offering residential projects are Gaurs Group and Jaypee Group. 

In Jaypee Greens, the average cost of a home is approximately Rs 11,150 per square foot, and monthly rentals range from Rs 23,000 to Rs 1.4 lakh. The Jaypee Greens neighborhood would become even more livable when it gets a metro line from Knowledge Park 2 to the future Jewar Airport, reducing the travel time from 25 to 41 minutes. In addition, Knowledge Park 3 and Noida will gain from building a link road and six additional power substations. With home values in the area rising by more than 100% in the last three years and likely to rise further due to planned developments, investors considering investing in Greater Noida might want to take a closer look at Jaypee Greens. 

Greater Noida West, Sector 1

Greater Noida West’s Sector 1 is a posh neighborhood with plenty of pre-construction and ready-to-move-in residential apartments; the former is the most popular. Though the area is still popular, it is five kilometers from Knowledge Park V and Artha SEZ (Techzone-4). The proximity of the Taj Highway and the Faridabad-Noida-Ghaziabad (FNG) Expressway enhances the area’s allure for buyers and tenants. 

Sector 1, Greater Noida West, has an average property rate of approximately Rs 7,050 per square foot, following a startling 113 percent increase in the previous five years. The planned commercial complexes in the neighboring Techzone 4 will help improve the housing and rental trends in Sector 1 by creating additional job opportunities. The residential market here consists mainly of 2 and 3 BHK apartments, with monthly rentals ranging from Rs 10,000 to Rs 18,500. 

The people who live in Greater Noida, Sector 1, have rated this locality with an impressive 4.2 out of five stars. Four criteria determine the rating: environment, safety, lifestyle, and connectivity. While many locals praised the area’s accessibility, proximity to markets, and tranquil surroundings, poor parking management is still an issue.  

Tech Zone 4, West Greater Noida 

Techzone 4 is an independent neighborhood with an excess supply of 3-BHK apartments. Situated approximately 22 km from Knowledge Park 5, Techzone 4, one of the best locations in Greater Noida, is home to business hubs such as Artha SEZ and Airvil Intellicity. The eight-kilometer Taj Highway connects to NH-9, making traveling to different parts of Noida easy. 

Property purchase prices in Techzone 4, Greater Noida West, range from Rs 6,100 per sq. ft to Rs 40,000 per month, following a nearly 65 percent increase in the preceding five years. In the area, the number of ready-to-move-in homes is at capacity. ABA Corp, Gaurs Group, and JM Housing Builders are a few prominent developers that increase the area’s supply of homes. This area will become more livable with the proposed FNG Expressway and the expansion of the Noida Metro’s Aqua Line. While the expressway will facilitate better access to Faridabad, the metro extension will connect Techzone 4 to the renowned Ecotech.  

Greater Noida’s Sector 16 B

There are a variety of residential options in Sector 16 B. Almost half of the stock consists of apartments, with separate homes and developable plots. The most number of 2 BHK and 3 BHK layouts are available in this area, the prices per square foot averaging about Rs 5,570. Rentals and 2-BHK apartments remain the most popular; their monthly costs range from Rs 16,000 to Rs 26,000. SKA Greenarch, Anthem French Apartments, and Panchsheel Greens are a few of the neighborhood’s housing developments. 

Sector 16 B’s proximity to the Noida-Greater Noida Link Road, which links it to NE-03 and leads to Ghaziabad and Meerut, drives demand for housing in the area. It is also close to Techzone 4, which is the location of Artha SEZ, and it is only 12 km from Sectors 62 and 63 in Noida, which are commercial areas. B’s connectivity should improve further with the planned underpass at Gaur Chowk and the upcoming Aqua Line metro extension. 

Sector Chi 5, Greater Noida West 

An important micro market, Sector Chi 5 has an ample supply of high-end homes, especially 3 BHKs. Sector Chi 5 is located near the Yamuna Expressway and is less than five kilometers from the Noida-Greater Expressway. Sectors 135, 132, and 142 in Noida are the closest commercial hubs, at about 17 km, while Surajpur and Ecotech 2 & 3 industrial estates are around 15 km away. A new commercial complex in Sector Chi-Phi and the Film City near the Yamuna Expressway is likely to increase demand for housing and employment in the area. 

In Sector Chi 5, Greater Noida, the average cost of a property is approximately Rs 7,000 per square foot, and monthly rentals can range from Rs 11,000 to Rs 90,000. Purvanchal Royal City, Nimbus Express Park View 2, and Express Park View 1 are a few housing societies in Sector Chi 5. Sector Chi 5 received an acceptable four out of five stars by locals. A local tenant commenced the area’s lush green parks, quiet neighborhoods, and well-kept roads. Also, traveling here is a breeze due to metro connectivity. But markets are far away, and parking improperly is a big problem. 

Without a doubt, Greater Noida is a thriving center of compromising neighborhoods, each with benefits. Here are several residential investment options available to potential buyers. Before funding any project, in-depth market research is necessary to identify potential issues.