These residential plots are close to the Yamuna Expressway and the Noida International Airport. Aug 5, 2024, is the deadline for applications to the program. An allotment of plots will take place via a lucky draw on Sep 20, 2024.
The Yamuna Expressway Industrial Development Authority (YEIDA), encouraged by the success of its residential plots scheme last year, has once again put over 350 residential plots in four different sectors near the future Noida International Airport up for sale, according to officials with knowledge of the situation.
The Authority offers approximately 361 plots in seven different sizes as part of the scheme. August 5 is the deadline for registering for the plot scheme. Plots will be distributed using a luck draw in September.
“Demand has increased across all market segments–residential, commercial, and industrial– as the Noida airport in Jewar is anticipated to commence operations shortly. Because of how quickly the area is developing, people want to live and invest close to the airport. The Authority has introduced a residential construction plot scheme to profit from these variables. The last day to register for the program is August 5, and registrations have already started,” YEIDA CEO Arun Vir Singh stated.
YEIDA conducted a draw for 1,184 residential plots across three sectors earlier in October 2023. For the 1,184 residential plots in YEIDA sectors 16, 17, and 20, as many as 1.4 lakh people submitted applications.
Plot count and location
The scheme document states that these 361 plots are spread across four distinct sectors: 16, 18, 20, and 22D. The Yamuna Expressway, which links Greater Noida with the historic towns of Agra and Mathura, is next to these plots. The proposed Film City, the Eastern Peripheral Expressway (EPE), and the future Noida International Airport are all close to these plots.
Sizes
The residential plots scheme has seven distinct categories in which the plots are available. Along with larger residential plots ranging in size from 500 to 4,000 square meters, the scheme also features mid-size residential plots measuring 120 and 200 square meters. The offerings from the YEIDA include 84 200-square-meter plots, 77 162-square-meter plots, three 200-square-meter plots, and eight 4000-square-meter plots. The plan provides the highest number of residential plots –131—in the 300 square meter range.
The scheme document states that these residential plots will cost Rs 25,900 per square meter. The 162-square-meter plot will cost roughly Rs 41.95 lakh, while the 120-square-meter plot is the smallest and will cost Rs 31.08 lakh. The approximate costs of the 200-square-meter, 300-square-meter, and 500-square-meter mid-size plots are Rs 51.8 lakh, Rs 77.7 lakh, and Rs 1.29 crore, respectively.
According to the document, the price of the large plots, which measure 1000 and 4000 sqm, respectively, will be approximately Rs 2.59 crore and Rs 10.36 core, excluding taxes and preferred location fees. The Yamuna Expressway Authority hopes to allocate these residential plots for a total revenue collection of Rs 343.04 crore.
How will these stories be divided up?
According to officials, a lucky draw will be held on September 20, 2024, to determine the distribution of these residential plots. Interested parties may pay a fee of Rs 600 to download the application form and brochure from Authrotiy’s website, www.yamunaexpresswayauthority.com.
Payment schedules
According to officials, the Authority has implemented three payment plans to facilitate payment plans to ease the payment process for successful allottees. In option one, the entire premium — including the registration fee— must be paid in full upfront within 60 days of the allotment letter’s issuance date.
Option two stipulates that half of the premium, including the registration fee, must be paid within 60 days of the allotment letter’s issuance date. According to the YEIDA scheme document, the remaining 50% must be paid in two equal half-yearly installments, which are calculated starting on the 61st day after the date of allocation, and interest is calculated at the rate of 10% annually.
Option three requires allottees to pay thirty percent of the total premium within sixty days of the allotment letter’s date of issue. The remaining 70% must be paid in ten equal half-yearly installments, with 10% interest per year, starting on the 61st day after the date of allotment.
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 University
Shri Banke Bihari Hospital
Dhanauri Wetlands
N.S.P.D Public School
Kalash Hospital
Yamuna City Mall
Udai Public School
Guru 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 years
Price Appreciation in the previous five years
Sector 150, Noida
Rs 10,700 per sq ft
27%
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 Facilities
Medical Facilities
Recreational Facilities
GNIOT Group of Institutions
Prakash Hospital
The Grand Venice Mall
Galgotias College of Engineering
Apollo Cradle & Children’s Hospital
Inox Cinema
KR Mangalam World
Yatharth Super Speciality Hospital
MSX Mall
Greater Valley School
Gulshan 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 V
Rs 8,300 per sq ft
38%
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.
The Noida Expressway is a commercial real estate corridor characterized by its dynamic and rapidly evolving nature. Its strong points include its strategic location, excellent connectivity, and continuous infrastructure development.
One of the main thoroughfares linking Noida and Greater Noida, the Noida Expressway, has become a popular place to grow commercial real estate. High-street retail and office space are in high demand along this corridor, thus driving significant real estate development in the area. Buyers and investors see it as a one-stop shop for work, play, and entertainment.
The supply of retail space is expected to increase by 45% from the current 91 million square feet across seven major cities by 2028, supporting developers’ desire to expand their retail footprint. Recent market insights support this data. Delhi-NCR’s retail stock supply is anticipated to increase by 34%.
The expressway’s advantageous location and first-rate connectivity to other hubs are the key characteristics that make it a popular destination with strong return potential. It connects to the Yamuna Expressway in addition to Noida and Greater Noida, giving direct access to many significant Uttar Pradesh cities. The corridor has changed due to its proximity to the future Jewar Airport (Noida International Airport), which has made it a hub for office and retail expansion. The upcoming metro expansion in the area has also increased residential and commercial properties. This has boosted local company growth and raised property values, which has improved the socioeconomic development of the region as a whole.
Parallel to the current Noida Expressway, a new highway is being built thanks to cooperation between the irrigation department, REITS, NHAI, and the Noida Authority. With the construction of the Noida International Airport and the city’s expanding business sector, traffic is likely to rise, which this strategic infrastructure development seeks to handle. The area’s real estate market would benefit even more from this improved connectivity.
Additionally, a noteworthy trend in this expanding market is the growth of office and retail projects, which can be attributed to the extensive infrastructure development. The growth of small businesses, startups, and established companies has made the expressway a hub for job opportunities. The demand for commercial space in the area has increased as a result. The increased demand for premium office spaces is primarily driven by well-known companies like Tata Consultancy Services (TCS), Axis Bank, and top IT companies that have secured office spaces along the expressway. Astute investors can profit greatly from this trend by investing in these areas.
Concurrently, end users are seeing mixed-use commercials, high-street projects, and shop-cum offices as the hub of entertainment, leisure, and work all rolled into one, which is driving upshooting of the underlying demand for these projects in the corridor.
According to recent reports, domestic companies are predicted to account for more than 50% of the demand for offices IN 2024, with GCCs expected to gain even more ground and account for more than 40% of the total need. According to experts, Noida’s commercial real estate has flourished since the construction of the Yamuna and Noida expressways, opening up numerous investment opportunities with the expansion of retail and commercial properties.
The Noida Expressway offers substantial appreciation potential alongside numerous retail offerings, making it an ideal place to invest in retail. These connected elements solidify the corridor’s standing as one of the best places to find commercial real estate, guaranteeing a sizable influx of customers and excellent returns.
The Noida Expressway is a commercial real estate corridor that is rapidly changing and vibrant due to its strategic location, excellent connectivity, and ongoing infrastructure development. As the area expands, it presents businesses and investors with opportunities never seen before, guaranteeing long-term prosperity and steady growth.
After months of delays, a consortium led by filmmaker Boney Kapoor won the bid to build the 230-acre Noida film city.
A consortium led by film producer Boney Kapoor has outbid others led by actor Akshay Kumar and producer Bhushan Kumar to build Noida Film City, which will span 230 acres along the Yamuna Expressway. According to a Times of India report, the film city will include a firm university, a cinema museum, and a helipad, among other facilities. It is just 6 kilometers from the upcoming Noida International Airport.
The final four bidders
The greenfield project was presented to Uttar Pradesh government officials in June by Super Cassettes Industries Private Limited (T-Series), Supersonic Technobuild Private Limited (Dinesh Vijan’s Maddock Films, Akshay Kumar’s Cape of Good Films LLP, and others), Bayview Projects LLP (backed by Boney Kapoor, real estate company Bhutani Group, and Noida Cyber Park), and 4 Lions Films Private Limited (backed by filmmaker KC Bokadia and others).
The project is being developed using a public-private partnership (PPP) model. Bayview Projects LLB emerged as the company with the highest revenue share to the state government and thus was chosen as the greenfield project developer. The project’s bid was released on September 30, 2023, with a closing date of January 5, 2024. The bid for the development of Film City was floated for the third time in June, following two previous attempts that failed to attract investors.
Bayview Projects LLP will sign a concession agreement with the Yamuna Expressway Industrial Development Authority in June to take possession of the land. It will have six months from the signing of the contract to start construction.
Noida Film City
The Noida Fim City, a pet project of Uttar Pradesh Chief Minister Yogi Adityanath, is planned as an international project spanning over 1,000 acres (230 acres in the first phase) along the Yamuna Expressway. The project is located in Sector 21 of the Yamuna Expressway Authority, 6 km from the Noida International Airport.
Of the 230 acres, 155 are reserved for the core film industry, and 75 acres are set aside for commercial development. The Film City will feature amenities such as a cinema museum, a film university, and a helipad, among others.
On May 9, the Noida authority directed real estate developers to pay their debts and obtain permission to register apartments in the name of thousands of homebuyers suffering for years.
The direction came from the authority during an evening meeting with realtors at the Sector 6 office. The developers assured the authorities to pay the land costs fees and obtain permission for the registries.
On December 21, 2023, the Uttar Pradesh government approved a policy to address stalled legacy housing projects. According to the policy, a realtor had to receive interest waivers for two years during Covid 19, pay 25% of the land cost dues in 60 days, and the remaining 75% in one to three years.
Few realtors have utilized this scheme, negatively impacting homebuyers’ interests and wrestling in a revenue loss of approximately Rs 14,000 crore for the authority.
“We have directed the realtors to use the scheme and pay the dues as soon as possible; otherwise, 5he authority will take appropriate action under the rules. According to Lokesh M., only 16 realtors have paid the Rs 115 crore dues and obtained a registry for approximately 1,400 apartments.
Only 525 registries have occurred so far.
“So far, only 525 registrations have taken place. We have directed the realtors to use the scheme. At least 42 out of 57 realtors had agreed to use the scheme. “We have asked the rest to use the scheme. “We have asked the rest to use the scheme,” he said.
“We will send a report about today’s meeting to the state government, which requested it,” the CEO stated.
Among 96 realtors who were held up and delayed, Greater Noida Authority recovered 276 crore.
“We completed 2,637 apartment registries after realtors paid the dues as per state government policy. Ravikumar NG, CEO of Greater Noida Authority, stated that 40 projects will generate approximately Rs 1,200 crore in dues.
During a meeting with realtors on Wednesday at Greater Noida’s Knowledge Park-IV office, the authority stated that if they do not use the scheme and pay the dues, the property will be attached and the housing project’s allotment will be canceled.
This is all about the stalled legacy housing project policy.
According to officials, Yogi Adityanath approved an interest and penalty waiver for a “stalled legacy housing project” on December 21, 2023.
The policy was intended to assist millions of homebuyers in the Noida, Greater Noida, and Yamuna expressway areas, where an estimated 240,000 to 350,000 housing units are currently stalled reasons.
The Confederation of Real Estate Developers Association of India (CREDAI), a lobbying group for realtors, was present at both meetings in Greater Noida on May 8 and May 9.
“The realtors are using the scheme and getting registry permission. We are pursuing more and more realtors to use the scheme and help buyers get registry done,” said secretary (CREDAI) Dinesh Gupta.
The cost of living in Noida can change depending on lifestyle choices, preferred accommodation, and available transit. Here’s a closer look at a few things you should consider before relocating to a busy city.
Because of its many corporate offices and technology hubs, Noida, a thriving city near the capital, is a popular choice for working-class individuals. It is one of the most sought-after suburbs in the NCR because it is a more cost-effective option than Gurgaon. Even though the city has affordable options for buyers and renters, being aware of Noida’s cost of living can help you budget your spending, especially if you plan to be in the area for a while.
Crucial factors to take into account
Some significant considerations to make when estimating the cost of living in Noida are:
Your current occupation or career
Whether you are supporting a family or living alone
Your present financial situation
Are you going to purchase or rent a home in Noida?
The way you live
Expenses associated with education
Transportation costs
Food-related expenses
Utility bills for the garbage disposal, TV, gas, electricity, and housekeeping services, among other things
Living expenses in Noida in 2023
The vibrant city of Noida offers a plethora of leisure and lifestyle-oriented activities. Still, the prices are appealing when the amenities and conveniences are available here. These are a few expenses you might have if you decide to move to Noida. The following costs represent an approximation of the actual cost of living in Noida:
Expenses
Average Cost
2 BHK apartments for rent
Rs 15000
Cost of 2 BHK apartment in Noida: Rs 50 lakh
Rs 50 lakh
Local travel costs, such as monthly train pass
Rs 1,000
Utilities such as Garbage disposal, water, and electricity
Rs 4,000
Household domestic help for cooking and cleaning
Rs 5,000
Groceries
Rs 6,000
Lifestyle expenses
Rs 10,000
The cost of a meal for one person in an inexpensive restaurant
Rs 300
Noida is still a popular destination for buying and renting because most people find it a cheap spot to stay. A few lifestyle adjustments will help those who wish to reduce their expenses.
The cost of living for singles in Noida in 2023
Costs and rentals for real estate
In Noida, bachelor quarters run between Rs 5,000 and Rs 10,000 a month. For bachelors or students, there are plenty of 1 BHK apartments readily available. If these apartments are available for rental on a shared basis, the cost might be even lower.
Living Expenses
In Noida, a bachelor’s cost of living will be about Rs 5,000. It will cover the price of maintenance, domestic help, electricity bills, and internet. Extra amenities are also available, but they come at an additional cost.
Transportation
Depending on the place of work, college, and the available commute, an individual living alone in Noida can manage their transportation for less than Rs 1,500. Staying at your office or college is the best option for travel around Noida by metro, rickshaw, or auto.
Living style
Noida offers lifestyle options, from opulent clubbing to basic pleasures. The monthly expenses for a bachelor would be approximately Rs 5,000, depending on lifestyle choices.
Cost of living in Noida for families in 2023
The expenses for families wishing to relocate to Noida may be slightly more than those for single people. The total cost of living in Noida for a family with children is approximately Rs 50,000. Families can choose from well-built 2 BHK and 3 BHK apartments.
Family outlays
With all costs, including tuition, extracurricular activities, and household assistance, a family of four should budget between Rs. 35,000 and Rs. 40,000 per month.
Transportation cost
A family with a car will spend roughly Rs10,000 on transportation each month. Alternatively, public transport could only cost you Rs 3,000.
Cost of living for working couple in Noida
The type of locality that a couple chooses to live in Noida will determine their total expenses. Certain luxurious areas provide a 1 BHK apartment for about Rs 20,000 per month. Affordable options are available in other regions as well, though. The couple’s monthly household expenses would come to about Rs 15,000, while their monthly transportation expenses would total almost Rs 5,000.
Your lodging will be one of your main costs while visiting Noida. Property values are rising even though rental values are affordable. Therefore, people who intend to stay in Noida longer may want to contemplate purchasing something. You will be the property’s owner even though you must make the EMI payments.
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 National Capital Region (NCR) includes Uttar Pradesh state’s Gautam Buddh Nagar district, which is home to Noida. Over time, Noida has become one of the most affluent and luxurious residential areas. Noida is a popular destination for singles, families, and professionals. Numerous people opt to live here because it is less expensive than Delhi or Gurgaon.
These upscale neighborhoods in Noida offer opulent homes, first-rate amenities, and an unparalleled culture. Every resilience shows dedication to sophistication and elegance, from opulent estates to modern penthouses. Discover the allure of these affluent communities, where residents take advantage of the best facilities available and a majesty that reflects the high-end Noida residential area. Would you like to learn more about the city? Continue Reading!
Modern infrastructure, everyday comforts, public services, and state-of-the-art facilities are all available in Noida. Numerous schools, IT companies, and residential areas with both low- and high-rise buildings are in Noida.
Sector 44, Noida
Sector 44 lies near the Okhla Bird Sanctuary in the northern region of Noida. It surrounds the communities of Sector 45, Sector 18, Sector 29, Sector 43, and Sector 40. It lies between Dadri Road and the Noida — Greater Noida Expressway on the north and south sides. This area has easy access to public transportation that connects it to different parts of Noida and Delhi. The closest metro station is Botanical Garden, a stop on the Delhi—Noida metro’s Blur line. There are many parks and gardens around Sector 44, one of the most well-known being the Botanical Garden. The Noida Golf Course, a well-liked destination for golf enthusiasts, is located nearby.
Important Elements
Connectivity: Sector 44 enjoys good access to the Noida golf course, as well as to the other recreational facilities and sectors 18, 29, and 45.
Transportation Facilities: Buses and metro stations are among the public transportation options available in the neighborhood.
Investment: Within a 10-kilometer radius of the area are parks, retail centers, business parks, and software firms, among other places that draw in investment.
Extracurricular activities: The Botanical Garden and the Flim City project are fantastic visitor attractions.
Sector 72
Sector 72’s advantageous location in the city allows it to enjoy excellent connectivity within Noida. Getting around the city is easy because of the well-designed roads, efficient public transportation, and close-by metro stations that guarantee easy access. Everyone can readily utilize transportation in Sector 72, Noida, whether they commute a long distance or work nearby. A community’s attractiveness frequently depends on the presence of prestigious educational institutions. Gyandeep Public School and The Banyan Roots, two well-known institutions, are located in Sector 72, which enhances the area’s standing as a center for high-quality education.
Important Elements
Connectivity: Because Sector 72 lies in a posh, well-established neighborhood, it has good access to Noida’s key cities.
Transportation Infrastructure: This region offers excellent access to well-maintained roads, adjacent metro stations, and public transportation facilities.
Investment: This location regularly provides first-rate infrastructure and everyday essentials like excellent services, medical facilities, and educational institutions.
Extracurricular activities: There are numerous exciting extracurricular activities available in this perfect location, like Snow World, Buddh International Circuit, Asquare Mall, Shopprix Mall, and many more, that will keep you occupied and never get old.
Sector 18, Noida
Sector 18 is one of the most sought-after locations in Noida. This neighborhood is a fantastic choice for everyone because it provides residents with the ideal mix of commercial, residential, and recreational spaces. Access to public transportation and other parts of the city is convenient from this area. Many banks, insurance providers, and financial institutions, including National Insurance, AOV Forex, Birla Sun Life Insurance, and Bajaj Capital, are located in Sector 18. Visitors can explore a well-rounded living environment, entertainment venues, and the Gurudwara Sahib.
Important Elements
Connectivity: This area stands out because it provides quick access to some locations, including Dr. Ambedkar Park, the Sector 16 metro station, the Mahmaya overpass, the DND Flyover, and many more.
Transportation Facilities: First-rate buses and metro stations are available for public transportation.
Investment: Many of the neighborhood’s locations, such as hotels, shopping malls, business parks, and schools, attract interest from potential investors.
Extracurricular activities: The Radisson Hotel, Mosaic Hotel, Mall of India, The Great Inia Place Mall, Garden Galleria, Wave Mall, and Sri Guru Singh Sabha Gurudwara are nearby attractions.
Noida’s Sector 87
Noida’s Sector 87 is a busy neighborhood that skillfully combines commercial and residential development in the heart of the energetic city. This rapidly growing center offers the best of both worlds: contemporary amenities, thoughtfully designed infrastructure, and convenient access to the entire city. A component of the NCR, Noida has expanded dramatically in the past ten years. Sector 87 is one of the most sought-after neighborhoods for renters and homeowners. Due to its prime location, Dadri Main Road, the Noida-Greater Noida expressway, and the FNG Motorway (Faridabad-Noida-Ghaziabad) are just a few of the main thoroughfares that are easily accessible from this area.
Principal Elements
Noida’s Sector 137, the Jaypee Underpass Flyover, the Mahamaya Flyover, and other significant places are easily accessible.
Transportation Facilities: First-rate buses and metro stations are available for public transportation.
Investment: One of the main things that attracts people to Sector 87 is the multitude of amenities available to cater to the diverse needs of the local population.
Extracurricular activities: With plenty of new activities coming soon, including Barbeque Nation, Noida Golf Course, Smash Noida, and more, Sector 87, Noida, is a great place to be.
Sector 132, Noida
Enter Sector 132, one of Noida’s most sought-after neighborhoods. The established neighborhood is a popular choice for both renters and buyers due to its peaceful surroundings, first-rate connectivity, and luxurious amenities. Noida’s Sector 132 is a great place to settle down. With some of the best schools in Noida, it is especially great for families with children.
Essential Elements
Connectivity: Sector 132 in Noida is a thriving community that offers exceptional living conditions to its residents.
Transport Facilities: NSEZ metro stations, taxis, and autorickshaws are good examples of the public transportation services provided by this sector.
Investment: By placing these ATMs in prime locations, locals can ensure that cash withdrawals and other financial services are easily accessible.
JPS Galleria, Starling Edge, Uptown Square, PK Boutique Hotel, and many more venues offer a range of fun activities.
Conclusion
The most expensive residential area in Noida represents a sense of exclusivity and luxury. It provides a modern lifestyle with abundant amenities, a feeling of wealth, and attractive architecture. The rising cost of real estate in this sought-after neighborhood reflects the high demand for real estate in the bustling metropolis and the allure of living in luxury.