Good News for Investors who have invested in Noida Extension in the year 2009-2010 at affordable price of RS 1800 per square feet to RS 2,200 square feet have shown their patience in investing this property. Due to land acquisition issues and other problems, investors have suffered a lot. Now there is an end of all hurdles and problems regarding this property.
Total 3,000 families have been already shifted and 50,000 families are expected to come in by the end of this year. Location of this property is amazing due to connectivity with NH 24 and Noida. It has been expected that by the end of year 2019 this area will have three lakh apartments.
Amit Modi, director, ABA Corp and vice president, Credai western UP said that “We expect to get the completion certificate within week’s time” Cherry Country by ABA Crop has 1,793 units in the area, of which 1,240 will be delivered for possession next month. He also said that “We will be launching another project called Coco County in August this year. It will have 900 apartments spread over five acres. The location is Sector 10, Greater Noida West, and the price point will be about Rs 3,500 per square feet”.
Manoj Gaur, managing director, Gaursons says “Gaursons has launched 5,000 new apartments in the area. Even in a dull market, 800 units have been booked”.
Another reputed builder is also planning to launch 500 apartments this year. He says “We will have 3BHK and 4BHK units of over 1,600 sq ft. The location is good and is more or less established,”
Real estate experts say that compared to Yamuna Expressway, Noida Extension is a much superior market. The sales are largely end-user driven and it is a great micro market from the livability aspect considering the fact that prices are affordable (upwards of Rs 3,200 per sq ft) compared to sectors 78 or 150 where prices start at Rs 4,500 per sq ft.