GRAND LIVING IN GREATER NOIDA

With a number of educational institutes, health facilities, parks and world-class infrastructure , Greater Noida has become synonymous with grand living. Sarthak reports

Just ask about the positive points of Greater Noida from ace TV cameraperson Ashok Singh and chances are he will speak without pause for ten minutes. Once his office shifted to Noida Film City from South Delhi, he visited Greater Noida to cover an event for his news channel. That visit proved very important to him in the sense that he was completely bowled over by the wide roads and overall infrastructure of the place.

More important, he decided to buy a house in Greater Noida , then and there! After shifting there seven months ago, he is a happy man — and, his kids have also got admission to one of the public schools in Greater Noida.

No wonder then that the infrastructure of Greater Noida has attracted the attention of many in recent times. As you drive down the Noida-Greater Noida expressway, you feel as if you are moving in another country altogether.

Just half an hour drive from Delhi via the DND flyway and on the six-laneexpressway to Greater Noida, these sectors are close to several educational institutes, hospitals, clubs, and of course, the JayPee golf course in thesub-city. Also, the wide roads, lush greenery, and huge open spaces add to the resident’s feel-good.

According to Saurabh Sood of Shri Krishan Estates, realty companies like Uppals, ATS, Eledco, Purvanchal and several others are active here and offer flats in the price range of Rs 25 lakh to Rs 50 lakh, and over. Huge 1,600 sq feet flats are available in Greater Noida for around Rs 42 to Rs 45 lakh. And if you have a budget of Rs 25 lakh, then there are ready-to-move flats built on 850 sq feet.

Real estate agents in the vicinity, most of them located at the commercial center near the expressway, are of the view that the market in these sectors is picking up after a lull of few months.

“Earlier, when these sectors were coming up, many financers and investors showed interest here. But gradually, investors moved out and only the end user can be seen,” says Dr Devender Gupta, CMD of realty consultancy Century 21 India.

Plots and apartments in these sectors are available in the secondary market, and they command good prices — the meltdown’s effects are not so obvious. However, Vikas Yadav, director of Golf View Properties, says that the prices have obviously come down but not to the extent that some people imagine. “We can say that the correction was to the tune of only 7-10%,” he adds.

“Correction to this extent is not alarming and it can happen anytime. So, we cannot say that the realty market has come down, at least not here. What works for these sectors is their proximity to the expressway, golf course, and the commercial center. In fact, many institutes and hospitals are at a stone’s throw,” says an official of Uppals.

At the Greater Noida end of the expressway, India Expo Mart, an alternative to Delhi’s Pragati Maidan, has become operational. Knowledge Park, with over 24 engineering and management colleges, will also come up along the expressway. At the Noida end, the projects, which have been completed include Amity University, Logix Techno-Park, Lotus Valley School, Mayoor International School, ATS Green and Parsvnath Prestige Apartments, all in Sector 93.

Noida Authority is planning to set up a medical city called Arogya Dham, which will contain super-specialty world-class hospitals, a matching commercial complex, homes for the attendants on more than 50 acres of land along the expressway — and these will have plenty of open space, thanks to wide roads, parks and green cover.

Surinder Pratap, a resident of Aplha2, says he moved to this place in 2005. Earlier he used to stay in Munirka in South Delhi where he grew up. For him the change was a happy one as infrastructure here is far better than in Munirka and the connectivity is also good. He goes for night-outs with his family and has never faced any law and order problem. The only thing that he misses here is a multiplex and restaurants.

Plots are available at Rs 23,000 per sq m, meaning that a plot of 250 sq yd, will cost around Rs 50 lakh, excluding the cost of transfer and registry. Three years ago, the rates were hovering around Rs 15-18,000 per sq m. In these sectors, plots of 60 sq m to 350 sq m can be found. The prices of apartments are around Rs 2,800-3,000 per sq ft.

Developers present in these sectors are Parsvnath, MSX, and MI Builders Ltd. But before going for the final kill in the area, just bear in mind that property agents normally jack up the prices.

Courtesy:- TOI dt:- 04-07-09

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