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.