With growing infrastructure development in the region, prices in Noida’s residential market have seen a major surge in recent times, rising by 20-30 per cent across various categories. While the home values in the city are skyrocketing, there are still some affordable localities in Noida which are worth investing in. Adjacent to Delhi, Noida is a rapidly urbanizing planned city. It is regarded as a satellite hub for manufacturing and construction. On that note, check out the top 5 affordable residential localities to live in Noida.
Best Affordable Localities In Noida
1. Sector 73
Situated alongside Vikas Marg, Sector 73 in Noida is regarded as one of the most sought-after residential localities in NCR in terms of affordability and infrastructure improvements. The area has a plenty of low-rise apartments and is well connected to the Delhi Metro Blue Line and Noida Metro Aqua Line. Due to its proximity to IT hubs like Sectors 62 and 63, this locality has a higher leasing demand. Most of the housing inventory in the locale consists of residential apartments, builder floor units and luxurious villas.
Here, an average 2 BHK apartment costs between Rs 25-40 lakh. Similarly, the average property price stands at Rs 3,450 per square feet compared to the other neighbouring localities, such as Sector 50 and Sector 70, where home values are pegged at Rs 7,950 and Rs 5,450 respectively. If you are looking to rent a property in this area, then rental rates here start from as low as Rs 7,000 per month.
2. Sector 49
Sector 49 is connected to some prominent localities of Noida and other entertainment hotspots, including Sectors 37 and 18. The area is located near to Dadri main road. A major section of this sector is covered by Baraula, a semi-rural area, which is a primary reason behind its affordable housing. Owing to these factors, Sector 49 is considered as one of the best places to invest in as it borders some of the poshest localities in Noida including Sector 50. Developed social infrastructure, coupled with excellent metro connectivity via Aqua Line, make this locale a good proposition.
The average property price in this sector hovers around Rs 3,300 per square feet, with 2 BHK apartment prices starting from as low as Rs 19 lakh and going up to Rs 50 lakh.
3. Sector 117
Closer to Faridabad-Noida-Ghaziabad (FNG) Highway, Sector 117 in Noida is well connected to the capital city, Delhi. The presence of several 2 BHK apartments and builder floor units in the area make it an affordable locality to live in. Since the commercial hub of Techzone 4 is just 7 Km away from Sector 62, a notable share of rental demand is driven by its workforce. 2 BHKs in the region are available at Rs 30 lakh – 1 crore, and the rentals for the same hover around Rs 40,000 per month.
4. Sector 137
Sector 137, a well-developed residential sector, is connected to other regions of Delhi NCR via Noida Metro Rail Corporation Limited (NMRC) buses. Moreover, connectivity to Noida-Greater Noida Expressway and presence of Aqua Line of Noida Metro serves as the prime growth drivers for this locality. Given the per square feet rate averaging at Rs 5,150, a 2 BHK residential property in Sector 137 ranges between Rs 45 -75 lakh.
5. Sector 151
Sector 151, which is closer to Noida-Greater Noida Expressway and Noida Metro’s Aqua Line, provides easy access to several areas of Delhi NCR. Inventory in the area is majorly dominated by builder floors, followed by residential plots. The average property price in the area costs around Rs 3,850 per sq ft. Even though the locality is still developing, its property prices have increased by 14 % within a year.
If you are looking for a decent residential property in Noida, visit here.