Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                

Noida, Sector 150 - Micro Market Overview Report

Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

®

Noida, Sector 150


The greenest region of NCR buzzing with rapid
infrastructure developments
Micro Market Overview Report March 2018
About Micro Market Major Growth Drivers

Conceptualized as an industrial town, Noida has Sector 150’s land use


The 75-metre wide road between
evolved as an IT hub during the mid-2000s and
planning by Noida Faridabad and Noida-Greater Noida
consequently as a real estate hub due to well-planned Expressway enhances the connectivity of
layouts. Situated at the confluence of Yamuna and authority Greater Noida and Noida.
Hindon rivers along the bustling Noida-Greater Noida
Expressway, Sector 150 is one of the preferred
residential destinations of Noida. 80%

The proposed 120-metre wide The proposed 600-metre bridge


regional road linkage between Upcoming developments such as between Noida and Faridabad,
The micro market is equipped with several social Faridabad and Noida that connects 300-acre low-density sports city and expected to be operational this
amenities including presence of reputed educational National Highway-2 (NH-2) with the international cricket stadium with year, is set to enhance the
Noida-Greater Noida expressway 50,000 seating capacity are likely to connectivity between these
institutes, hospitals and malls. Over the past decade, 20%
near Sector 150 is expected to change the social fabric of the sector. cities and also reduce traffic
the micro market has been buzzing with real estate improve connectivity of the region. congestion.
Construction activities
activity including residential developments, integrated
480 acres of 600 acres is the massive green coverage
townships, commercial offices and mixed-use
developments. Nearly 42 acres are dedicated specifically for The upcoming metro line is The greenest zone in NCR is The micro market is going to be
parks and recreational developments. expected to reduce the commute developed as NCR’s first
attracting the home buyers
time to workplaces. overhead wire-free zone.
looking to reside close to nature.

Ÿ Easily accessible via major


transport corridors such as Yamuna
Ÿ Sector 150 is well-connected
Expressway, Noida Expressway,
to the IGI airport
(located 46 km away) via Faridabad-Noida-Ghaziabad (FNG)
Noida-Greater Noida expressway Expressway and Eastern
Peripheral Expressway

Smooth access to Indira Gandhi


Connectivity
Ÿ
International (IGI) Airport, New
Delhi Railway Station and
Ÿ Strategically Ÿ Excellent Connaught Place

Ÿ A metro corridor runs between located along connectivity to


Noida and Greater Noida the Yamuna other parts of
Ÿ The nearest railway station to
expressway Haryana and Sector 150:
Ÿ The construction of metro line is
Uttar Pradesh.
complete and is currently
- Ajaibpur and Dadri (located less
undergoing trial run and technical
than 20 km away)
clearance
- Nizamuddin: 36 km

Micro Market Overview Report | The greenest region of NCR buzzing with rapid infrastructure developments
1
Location Mapping

Delhi

Noida
ISBT Noida

City Centre Sports City

No
ida
-Gr
eat
er N
N
No oida

oid
id -G
a

aM
ex rea
pr ter

etro
es Greater Noida
sw
a

line
y

Hin
Riv don
Ya er
m
un
a
R
iv
er

Lotus Green
Broadwalk Mall
River

Prominent locations
a y
un wa
m s
Ya res
Noida-Greater Noida Metro line p
Ex
Noida-Greater Sector 150
Noida expressway

Yamuna
Expressway

Micro Market Overview Report | The greenest region of NCR buzzing with rapid infrastructure developments
2
Residential Market Assessment Outlook

New Launch
Noida’s Sector 150 is emerging as one of the most
Supply Ÿ Over the last five years, Sector 150 has added
around 14,800 units. Around 44% of the supply coveted residential hub in the region. Considering the
was added in 2015 itself, indicating the recency
of residential developments. superlative connectivity, upcoming infrastructure
7,000
upgrades such as Noida-Greater Noida metro line,
6,000 Ÿ Notably, the absence of big-ticket buyers in the
market has led to launch of around 4,600 units ample green spaces, presence of several corporate
5,000 priced less than INR 80 lakh during the past 2 offices in the vicinity and availability of residential
years.
4,000 developments at competitive rates, huge number of
3,000 Ÿ The significant amount of unsold inventory home buyers are eyeing properties in this micro
(8,700 units as of 2017) has led to a decline in
2,000 supply during the past two years, compelling the market. With rampant developments, the future of this
developers to keep a check on the new sector certainly looks promising.
1,000 launches and focus on project execution.
0
2013 2014 2015 2016 2017

8% 2%
Age of Inventory
(Launches between 2013 to 2017)
Ready to move-In
40%
Ÿ Less than 10% units are ready for possession in < 1 year
Sector 150, indicating limited ready choices
available to the home buyers. 1 - 2 Year
Ÿ Around 13,500 units are expected to take more 45% 2 - 3 Year
than 1 year for completion, indicating that the
execution focus has previously been limited. > 3 Years
Amidst strict RERA regime, the developers are
now likely to focus on execution. 5%

Noida city view

3,500 5,000
3,000 4,900 Micro Market Price
2,500 4,800
4,700
Movement wrt Supply
2,000
4,600
1,500 Ÿ The property prices in Sector 150 of Noida have risen constantly during the
4,500
1,000 4,400 past two years with the average price as of Q4-2017 being INR 4,900/sqft.
500 4,300
0 4,200 Ÿ Despite the low new launches during the past two years, prices have
Q1-2016

Q2-2016

Q3-2016

Q4-2016

Q1-2017

Q2-2017

Q3-2017

Q4-2017
Q1-2015

Q2-2015

Q3-2015

Q4-2015

appreciated by around 10% during the same period. With significant


infrastructure developments in the region, the prices have been rising upwards.

New Supply (In Units) Price (INR/sqft)

Micro Market Overview Report | The greenest region of NCR buzzing with rapid infrastructure developments
3
The ANAROCK Group is one of India's leading real estate services
company having diversified interest across real estate value chain.
The Group's key strategic business units comprise of the Residential
business: broking and advisory services to clients; Investment
business: debt, equity and mezzanine funding, and Research and
Consulting business. ANAROCK's Investment arm has built a
revolutionary business model of bulk-purchasing residential
apartment inventory through a proprietary investment fund.

With a growing team of over 1000 professionals, ANAROCK


operates in all key property markets across India - Mumbai, Chennai,
Bengaluru, Gurgaon, Noida, Hyderabad, Kolkata and Pune, and has
international presence in Dubai. With in-depth market information,
quality advice and developer tie-ups for optimal deals, we have
been serving the industry since 2011.

All information in this report is provided solely for internal circulation and reference purposes. ANAROCK makes no statement, representation, warranty or guarantee
as to the accuracy, reliability or timeliness of the information provided. No part of this report may be reproduced, distributed, or transmitted in any form or by any means,
including photocopying, recording, or other electronic or mechanical methods.

You might also like