Noida, short for 'New Okhla Industrial Development Authority', is located in the Gautam Buddh Nagar district of Uttar Pradesh. This city’s administrative headquarters are located in neighbouring Greater Noida. Noida is considered a major hub for many multinational companies like Dell, EXL Service, Accenture, Samsung, Indus Valley Partners, etc. Having well-planned IT parks and industries which provide huge employment opportunities, and also having good connectivity with major areas, have all been factors in the development of real estate and properties in Noida. The best residential localities in Noida and its surrounding localities have been listed below:
Noida Extension
Noida Extension is situated 18 km from the Connaught Place, which is the most important business location in Delhi. It is considered an upcoming residential suburb around the NCR region, and promises to be the most affordable housing destination. Apart from this, the upcoming metro rail link will also help to boost the connectivity between Noida and the capital. This locality also has superior infrastructure and transportation facilities. Owing to all these factors, Noida Extension projects are considered the most attractive property destinations by many. The highest locality price of residential multi-storey flats for sale in Noida Extension is around Rs. 3495 per square foot and the lowest price is around Rs. 3175 per square foot. The average is about Rs. 3335 per square foot. The return on investment has witnessed an increase of 4% q-o-q in June 2013. The average sale price of commercial office space is around Rs. 4110 per square foot.
Greater Noida
Greater Noida is one of the upcoming educational and industrial hubs of the city. It has very good connectivity, with the six-lane national highway connecting Greater Noida with Noida. It also has many IT/ITES companies in its surroundings. It has excellent infrastructure with impressive residential and commercial facilities, all of which act as major attractions for high-end investors to invest in this locality and brings an influx of people into this area. These factors have boosted the popularity of Greater Noida real estate and its surrounding localities. The highest locality price of residential multi-storey flats for sale in Greater Noida is around Rs. 4120 per square foot and the lowest price is around Rs. 3550 per square foot. The average is around Rs. 3845 per square foot. The return on investment has witnessed an increase of 4% q-o-q in June 2013. The average sale price of commercial office space is around Rs. 10975 per square foot.
Noida Expressway
Noida Expressway is easily accessible from GT Road or the DND Flyway of Delhi city. This is a six-lane highway connecting Noida with Greater Noida. Noida Expressway has excellent connectivity with South Delhi through the DND. Major attractions for investors in this locality are its good infrastructure and affordable residential properties. With more and more IT/ITES companies coming up in this locality, there is an increase in the demands for residential flats in Noida Expressway and apartments. The highest locality price of residential multi-storey flats for sale in Noida Expressway is around Rs. 5030 per square foot and the lowest price is around Rs. 4530 per square foot. The average is around Rs. 4780 per square foot. The average sale price of commercial office space is around Rs. 20100 per square foot.
Sector 62 Noida
One of Noida's well-established sectors, Sector 62 is basically a residential and commercial property. With the increasing expansion of Noida, this area has become the central point for connecting many commercial areas like Sectors 16, Sector 63, etc. Moreover, this locality has well-renowned schools, hotels and a host of local markets, all of which adds to the real estate boom of this locality and has increased the sale of Sector 62 Noida properties. The highest locality price of residential multi-storey flats for sale in Sector 62 Noida is around Rs. 6300 per square foot and the lowest price is around Rs. 6015 per square foot. The average is around Rs. 6160 per square foot. The average sale price of commercial office space is around Rs. 7085 per square foot.
Noida Extension
Noida Extension is situated 18 km from the Connaught Place, which is the most important business location in Delhi. It is considered an upcoming residential suburb around the NCR region, and promises to be the most affordable housing destination. Apart from this, the upcoming metro rail link will also help to boost the connectivity between Noida and the capital. This locality also has superior infrastructure and transportation facilities. Owing to all these factors, Noida Extension projects are considered the most attractive property destinations by many. The highest locality price of residential multi-storey flats for sale in Noida Extension is around Rs. 3495 per square foot and the lowest price is around Rs. 3175 per square foot. The average is about Rs. 3335 per square foot. The return on investment has witnessed an increase of 4% q-o-q in June 2013. The average sale price of commercial office space is around Rs. 4110 per square foot.
Greater Noida
Greater Noida is one of the upcoming educational and industrial hubs of the city. It has very good connectivity, with the six-lane national highway connecting Greater Noida with Noida. It also has many IT/ITES companies in its surroundings. It has excellent infrastructure with impressive residential and commercial facilities, all of which act as major attractions for high-end investors to invest in this locality and brings an influx of people into this area. These factors have boosted the popularity of Greater Noida real estate and its surrounding localities. The highest locality price of residential multi-storey flats for sale in Greater Noida is around Rs. 4120 per square foot and the lowest price is around Rs. 3550 per square foot. The average is around Rs. 3845 per square foot. The return on investment has witnessed an increase of 4% q-o-q in June 2013. The average sale price of commercial office space is around Rs. 10975 per square foot.
Noida Expressway
Noida Expressway is easily accessible from GT Road or the DND Flyway of Delhi city. This is a six-lane highway connecting Noida with Greater Noida. Noida Expressway has excellent connectivity with South Delhi through the DND. Major attractions for investors in this locality are its good infrastructure and affordable residential properties. With more and more IT/ITES companies coming up in this locality, there is an increase in the demands for residential flats in Noida Expressway and apartments. The highest locality price of residential multi-storey flats for sale in Noida Expressway is around Rs. 5030 per square foot and the lowest price is around Rs. 4530 per square foot. The average is around Rs. 4780 per square foot. The average sale price of commercial office space is around Rs. 20100 per square foot.Sector 62 Noida
One of Noida's well-established sectors, Sector 62 is basically a residential and commercial property. With the increasing expansion of Noida, this area has become the central point for connecting many commercial areas like Sectors 16, Sector 63, etc. Moreover, this locality has well-renowned schools, hotels and a host of local markets, all of which adds to the real estate boom of this locality and has increased the sale of Sector 62 Noida properties. The highest locality price of residential multi-storey flats for sale in Sector 62 Noida is around Rs. 6300 per square foot and the lowest price is around Rs. 6015 per square foot. The average is around Rs. 6160 per square foot. The average sale price of commercial office space is around Rs. 7085 per square foot.
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