Top 10 emerging locations in Noida in 2023
Amid limited options and exorbitant home prices in Delhi and Gurgaon, home buyers have now been focusing on residential developments in Noida. Multiple choices, affordability, and a steady price appreciation have helped the city fare well among other regions. 99acres shares the top 10 emerging locations in Noida promising numerous residential choices and healthy price growth.
Continuous infrastructure upgrades, a planned international airport, and affordable home values have made Noida one of the preferred residential hotspots in NCR, more so after COVID-19. A pool of options in thinly populated emerging locations has attracted home seekers and helped expedite their purchase decisions. The biggest advantage of settling in an emerging location is prices are relatively lower, and the scope of appreciation is high amidst developing infrastructure. Sectors 49, 70, 75, 110, 119,120, 129, 134,151, and 168 are the top 10 emerging locations in Noida, most befitting for homebuyers seeking a greener neighbourhood with high investment potential.
Sector 49, Noida
Strategically located adjacent to Dadri Main Road, Sector 49 in Noida offers independent houses and builder floors. Society apartments are also available, with 2 BHKs being the most popular. Average property prices here hover around Rs 3,200 per sq ft post 33 percent annual growth. (Source: 99acres) Proximity to Sector 76 Metro Station on the Noida Metro Line (3 km) and Wave City Centre (5 km) on the Delhi Metro Blue Line, coupled with direct access to employment hubs like ETT and NSEZ, makes it a popular housing hub in the region. With respect to rentals, a 2 BHK may earn Rs 10,000-15,000 per month in Sector 49. The area has seen a massive real estate development with an underpass and the proposed elevated road on Sector 49/41 intersection and the Dadri-Surajpur Chhalera Road.
Sector 119, Noida
Sector 119 is backed with sound infrastructure and connectivity via Faridabad-Noida-Ghaziabad Expressway or FNG Expressway allowing seamless access to commercial hubs in Noida, such as Sectors 62, 63, 18, and Techzone 4. The sector comprises a mix of completed and under-construction residential societies, offering multi-story apartments priced at Rs 5,300 per sq ft. The area witnessed a price appreciation of about five percent YoY. Pushpendra Kumar, Proprietor, of Realty Bytes, Noida, avers, “Sector 119 is a developing neighbourhood with high investment potential due to the proximity to the upcoming Jewar International Airport via Yamuna Expressway. Further, the presence of a green belt, developed link roads, and an upcoming metro station at Sector-122, Noida on the Aqua Line within a km also adds to the attractiveness of the area.”
Sector 120, Noida
Sector 120 is one of the promising locations in Noida, with a significant share of ready homes. Most housing developments are configured as 3 BHKs and priced at Rs 5,500 per sq ft. Moreover, many residential societies in the locality boast of grocery stores, pharmacies, salon, stationery, eateries, and dairy options, adding to residents’ convenience. The annual rental yield in the area as of Q1 2022 is two percent and the yearly price growth is around four percent.
Sumit Kumar, an area-based resident, when reviewing the locality on 99acres, remarked that the sector is gradually developing and has a “satisfied mode of transport”, “ample markets nearby”, and “a safe environment.” The major commercial and industrial sectors from Sector 57 to Sector 68 are also closely accessible from the neighbourhood.
Sector 151, Noida
Sector 151 is an emerging residential sector, which hosts multi-story apartments priced at Rs 4,000 per sq ft. Home values here have increased by over 14 percent YoY. The area is situated along Noida-Greater Noida Expressway, and the Sector 148 station on the Aqua Metro Line is about eight km away. Monthly rentals in the area stand at around Rs 8,000.
“With ample supply of plotted developments and affordable land parcels ranging between Rs 28,000 per sq yard and 40,000 per sq yard, Sector 151 is a major attraction among investors. However, the limited frequency of public transport despite optimal road nexus has kept the occupancy rate of the locale low,” remarks Nikhil Batra, Property Agent, Suraj Properties.
Sector 134, Noida
Sector 134 in Noida is undergoing huge residential development, mainly in the form of high-rise apartments. Property prices here have seen an almost five percent growth YoY and currently stand at Rs 4,300 per sq ft. Proximity to employment hubs, such as Express Trade Tower, Infospace, and Advant Navis Business Park, fuel the housing demand in the area. The closest metro station is Sector 137 at five km on the Aqua Metro Line.
Sector 168, Noida
Strategically located along the Noida-Greater Noida Expressway, Sector 168 is a developing locality with good connectivity to other Noida, Greater Noida, and Delhi areas. The sector is bounded by Sector 135 in the west and Sector 142 in the north, both of which are home to large-scale office spaces and IT parks, thus, fueling the rental demand. A 2 BHK flat can be rented for Rs 12,000 per month in Sector 168. The residential developments are in the form of multi-story apartments, both in ready-to-move and under-construction stages. Buy rates for properties stand at Rs 5,300 per sq ft after a YoY growth of over 10 percent.
Sector 129, Noida
Sector 129 is an affordable locality, with the majority of housing supply in 2 BHK and 3 BHK configurations priced at Rs 4,200 per sq ft. The area is close to employment hubs like ETT, Logix Technova, and Advant Navis Business Park. The annual rental yield in Sector 129 is around three percent, and the yearly price appreciation recorded is approximately eight percent as of Q1, 2022. The upcoming Noida International Airport is likely to drive the real estate market in and around the locale further. The nearest metro station is Sector 137, just three km away from the locale, ensuring smooth connectivity to various parts of Noida and Delhi.
Sector 75, Noida
Comprising mostly mid-income housing units, Sector 75 is among the fastest developing realty hubs in Noida. The area witnessed a 20 percent YoY appreciation in property values that stand at Rs 6,800 per sq ft. The residential societies in Sector 75 accommodate various retail stores and amenities. Moreover, the Sector-50 Metro Station connects it to some major commercial hubs in Noida, such as Film City and Sector 18 (12 km), Sector 62 (12km), and the newly evolving Greater Noida regions. Resultantly, the area has come up as a much-preferred locality for investors, too, with rental yields of three percent YoY.
Bishal Mallick, a former resident, praised the area for its “smooth connectivity” on 99 acres. Moreover, the six-lane underpass at Sector 71 will further buoy its connectivity quotient.
Sector 110, Noida
Sector 110 has witnessed nearly five percent YoY growth in buy rates, which currently are around Rs 5,700 per sq ft. Home to Maharishi University and proximity to NSEZ, and office hubs in Sectors 125, 132, and 142 attract buyers and tenants. The locality generated an annual rental yield of four percent and exacts Rs 15,000 as monthly rental for a 2 BHK unit. Residential apartments dominate the inventory supply in Sector 110, with over 95 percent stock in the resale category.
Sector 70, Noida
Situated along Vikas Marg, Sector 70 is an upcoming residential sector majorly consisting of independent houses and multi-story apartments. Witnessing nearly three percent YoY growth in prices, property values here hover around Rs 5,300 per sq ft. The monthly rental for a 2 BHK flat averages Rs 15,000. The locality scores are high in terms of connectivity to other prime locations of Noida. Residents benefit from Blue Line metro connectivity through Sector 61 Metro Station (2.5 km). Besides, proximity to one of the major employment zones in Noida, from Sector 57 to Sector 68, boosts the rental demand. Once completed, the Jewar International Airport would also boost the real estate sentiment in the area, further pushing the prices and annual rental yield, which stands at four percent.