When it comes to real estate growth, many NCR cities have witnessed a huge jump in the property market in the last few years. Among them, the popularity of Greater Noida continues its momentum since the time it was created in 1997. Segregated into many sectors and localities, today the area enjoys the presence of metro, leading institutions, malls, and commercial as well as leading residential projects.
However, amidst all the localities, Pari Chowk has emerged as one of the most affordable yet lucrative localities in Greater Noida. Popularly known as one of the first locality of the city, Pari Chowk is closely located with Noida and is also the starting point Greater Noida.
Location and Connectivity
Pari Chowk bangs in the middle of the Eastern and Western freight corridors and is also closely connected to Dadri which is a prominent industrial district. It is also well-connected to the Yamuna Expressway and Noida-Greater Noida Expressway that makes its realty market more favourable than other Greater Noida localities like Knowledge Park-1, Alpha-I, Omega-1, etc.
Also, the recently started Aqua-Line by Noida Metro passes from this locality and has a dedicated metro station. This metro line connects this area smoothly to other localities of Greater Noida as well as to Noida from where it starts. Apart from this, state-run local buses are also available for daily commuters.
Being an old locality, Pari Chowk is home to a plethora of social and civic amenities. The area boasts the presence of leading schools, colleges, hospitals, malls and entertainment centers like Delhi Public School, GD Goenka, Kailash hospital, Ansal Plaza, MSX malls and Sports Complex.
Pari Chowk is surrounded by lots of open and green space that makes this locality a sustainable living place for homebuyers as well as residents. With well-developed roads and other civic amenities, Pari Chowk is blessed with the major social and civic infrastructure that has potentially added feathers to the realty market of the locality.
Real Estate Market
The locality is a mix of both residential and commercial projects. In the residential market, it offers a plethora of affordable housing projects ranging from Rs 40 lakh to 60 lakhs. Some of these are small group housing gated communities while few of them were home to large residential complex with thousands of residents living in already. All the projects comprise of well-developed amenities like swimming pool, gym, jogging track, ample parking facilities, multi-tier security system, kid’s play area and much more. There are also many government-affiliated housing complexes present in the locality, possession of whom is offered via a lottery system.
At present, the average property price in Pari Chowk is Rs 4,313 per sqft. However, the minimum and maximum price of the apartment hovers from Rs 3,526-5,100 per sqft based on amenities, size, and configuration. One can easily find 2, 3 and 4 BHK flats here at attractive rates and in ready-to-move condition. Some of the prominent projects present here are IITL Nimbus The Express Parkview, NRI Residency, and apartments by Greater Noida Authority.
Talking about commercial market, Pari Chowk is surrounded by some of the major business districts of Noida and Greater Noida such as Gautum Buddh Nagar, Noida-Greater Noida Expressway, Dadri, Udyog Vihar, etc. These business districts are home to leading IT Companies and MNCs like Wipro, HCL, Adobe, Samsung, TCS, KPMG, etc.
Because of all such plus points, the realty market of Pari Chowk is much more lucrative and flourishing right from its beginning and with the addition of affordability and connectivity factor, it is all set to boom in coming years.