Metro rail has always been a boon for the real estate markets. Wherever it goes, it results in hike in property prices. So, as a property buyer, it provides for a clear-cut indication that it does make a lot of sense to invest in a location which is going to be covered by the metro rail. Isn’t it?
If you think we are talking something true, then please read on. We are going to discuss about one such opportunity to invest. It is about Sector 137 in Noida.
The residential properties in Noida are currently selling in the range of Rs 5,000-8,000 per sq ft. The good thing is that there are more than 20 residential housing projects in Sector 137 that are up for sale, and most of them are already completed. That means there is a large number of residential properties that are ready to move in.
The metro rail construction has been almost completed and as per the media reports only 10 percent work is remaining. The Noida Metro Rail Corporation (NMRC) has already expressed its commitment to launch the services by April 2018. Earlier it was expected to be launched in December 2017, however, some work remained incomplete.
Meanwhile, Prime Minister Narendra Modi launched the all-new Magenta line recently.
The residential properties in Sector 137 are slated to experience a positive uptick in the next 6 months for sure. The metro rail station is undergoing the finishing work and the property prices in the area have already started going up. Once the services are live, the residential property prices in Sector 137 are going to increase at least by 5-15 percent in the near term.
Therefore, if you have a budget of Rs 50 lakh to Rs 1 crore, then do not wait for anything. Try to close the deal as soon as possible. The property owners who were open to sell their properties are now holding their inventory for some more time, as everyone is expecting an upsurge in property prices.
The sector is home to top-class residential properties such as Purvanchal Royal Park, Exotica Fresco and Gulshan Vivante. These three are identified as the best maintained residential hotspots in the locality. There are several other residential housing projects in Sector 137. This includes Paras Tierra and Supertech Eco City. The property prices in these two projects are relatively less than the other ones which are touted as amongst the best by the local residents.
All of these residential housing projects have facilities such as club house, swimming pool, gymnasium, parks, play grounds and entertainment zones. The campuses house convenience stores, eateries, salons and provide all types of facilities to the residents. Plus the projects offer lush-green surroundings.
Thanks to the emerging infrastructure, the locality is enjoying a good level of occupancy. Today with all the civic amenities in the vicinity, the sector is definitely self-sustainable real estate hotspot and in a matter of 1-2 years, it is likely to experience exponential growth and development.
Do you still need reasons to buy residential properties in Sector 137 in Noida?