The residential appeal in Noida Sector 121 has surged significantly due to various contributing factors. These include increasing affordability, robust infrastructure, and a notable corporate presence in the area. Here are some essential elements influencing this micro market and its rising popularity:
When considering real estate investment within the Delhi NCR region, Noida truly stands out. The inadequate infrastructure in Ghaziabad, combined with soaring costs in Gurgaon, has limited choices for buyers. As demand for housing rises from Sector 41 to 137, Sector 121 emerges as a preferred choice for many, supported by compelling reasons outlined below.
Ample Infrastructure Amenities
Sector 121 is strategically positioned along the developing Faridabad-Noida-Ghaziabad (FNG) Expressway. Once completed, this expressway will provide direct access to key operational hubs, including Ghaziabad, Gurgaon, and Greater Faridabad. Additionally, the operational Hindon Airport in Ghaziabad has enhanced the area’s attractiveness to investors. The prospective Jewar Airport, located just 11 km from Sector 121, stands as a significant catalyst for growth. Once it becomes operational, this locality could become a prime residential destination in Noida.
Moreover, Sector 121 is rich in various other infrastructural amenities. Several educational institutions are located in the nearby vicinity, along with a post office, commercial services, and a few financial institutions available to residents.
Reasonable Affordability
In comparison with other metropolitan areas, such as the Mumbai Metropolitan Region (MMR) and Bangalore, residential prices in Noida are considerably more affordable. For instance, a 1,000 sq ft unit in a notable project in Navi Mumbai can cost around Rs 1.5 crore. Conversely, similar-sized apartments in Noida can be found for about Rs 70 lakhs. Noida also offers other advantages, including proximity to the National Capital and better returns on investment. Over the past five years, capital values in Sector 121 have increased by more than 60 percent, which is a stark contrast to other significant metros where property prices are either stagnating or reaching their limit.