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10/11/2019

Property Rates in Three Popular Noida Sectors To Rise Between 5% - 7.5%

Noida's real estate market is a popular choice due to its proximity to the capital city, and it offers affordable quality homes to the buyers. The renowned builders present in Delhi has significantly invested in the city of Noida too. While many sectors are already scoring 10/10 on the livability score, the Noida Authority is on its way to upgrade more remaining areas. The latest news making headlines is about the Sector 14-A, Sector 15-A and Sector 44.  A board meeting held on September 27 by officials of Noida Authority announced that the property rates in these three sectors will now increase by 5 to 7.5 %. 

Property rates increase in Sectors 14-A, 15-A and 44 in Noida

The land rates were last revised in 2006-07. 

The proposal to hike the property rate has been forwarded for approval by the officials. Within these three highlighted sectors, the residential plots near metro corridors would be increased by 5%, while those close to expressways would be increased by  7.5%. The rate of plots for group housing societies and the ones marked in the institutional category is likely to increase by 7%. On the other hand, the rates for commercial plots under the 2 Floor Area Ratio (FAR) category have been recently reduced by 15 %. 

Besides the property rates hike, the Noida Authority meeting brought other proposals in the forefront. Take a look at some of them, among the 33 approved proposals: 

  • An 18-hole golf course over 90 acres, estimated to be developed at the cost of ₹ 255 crores. 

  • A Noida convention and habitat centre at Sector 94 and start-up hubs at two places.

  • The population of Noida is expected to exceed 25 lakh by the year 2031. Hence, a proposal of posting of 30 home guards who would be paid by the home guard department, UP government to address the shortage of police personnel was also discussed.

  • To build a tourist spot like Chokhi Dhani of Jaipur on a 120-acre plot at Sector 151A, Noida. 

Alok Tandon, Chairperson, Noida Authority said on the same, "It is expected to provide a boost to tourism and generate more revenue for the city. A helipad would be built on a private-public partnership model on 10 acres. For adventure sports and tourist area, a 20-acre plot has been thought of".

The convenience of living in Sectors 14-A, 15-A and 44 in Noida

As more and more people prefer to make these three sectors their permanent addresses, the demand and price of property rates also seem to rise now onwards. What also makes these areas attractive is their excellent social infrastructure. Take a look at each of the sector.

Besides police station and other government offices, Sector 14A in Noida has the following excellent social infrastructure in and around it:

  • Schools and colleges

Indian Biosciences and Research Institute, The Banyan Roots, Gurukul Institute of Management & Technology, Prayas Vidyalaya

  • Banks and ATMs

Central Bank, RBL Bank, IndusInd Bank 

  • Hospitals and clinics

Just Braces Orthodontic Centre, Dr. Kesari's Clinic, Total Care Control- Diabetes Care Centre

  • Petrol Bunks

Sagar Automobiles, Indian Oil

The following conveniences are found in and around Sector 15-A in Noida:

  • Schools and colleges

Prayas Vidyalaya, Pantagon Academy Pvt. Ltd, Bridge School Of Management, iLink Infosystem, Indian Biosciences and Research Institute

  • Banks and ATMs

Central Bank, Union Bank of India, State Bank of India 

  • Hospitals and clinics

Dr. Anupama Bisaria Skin & Hair Destination, Just Braces Orthodontic Centre, Genins India Insurance TPA Ltd, Revita Life Sciences

  • Restaurants

Lawn Bistro, The Chef, Barbeque Nation 

Besides schools, colleges and hospitals, Sector 44 in Noida has:

  • Cinema Theatres

Extreme 7D Movie, Carnival Cinemas, Wave Cinemas

  •  Restaurants 

The Punjabiis Restro Bar, Crazy Noodles, Olive Kitchen Delivery, Yo!China

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