Overview of Sector 124, Noida

Area and Access

• Sector 124, Noida, is positioned along the Noida–Greater Noida Expressway, ensuring smooth connectivity with other Noida sectors.
• The nearby metro station is the Okhla Bird Sanctuary Metro Station, located about 0.7 km away. Nearby metro stations include Kalindi Kunj and Botanical Garden.

Property Costs

• The average cost of properties in Sector 124, Noida, is around ₹16,000 per square foot.
• Starting prices begin at ₹15,833 per square foot, with the most expensive properties going up to ₹20,000 per square foot.

Growth in Value Over Time

• Property prices in Sector 124 have increased moderately by 3.2% over the past year. Over the last 3 and 5 years, however, they have risen substantially by 27% and 23.1%, respectively.

Apartment Types and Availability

• The area mostly offers 4 BHK residential apartments that are being built.
• More than 10 properties are available to purchase in the sector.

Facilities and Amenities

• Sector 124 contains several essential hospitals such as Bhardwaj Hospital, Ratra Multispecialty and Cosmetic Dental Centre, and Vinayak Hospital.
• Shopping and recreational hotspots like Brahmaputra complex, F-Block Market Sector 40, and BIG Cinemas TGIP are accessible.
• The area is near educational facilities, including Amity University Campus, just a kilometer away.

Rent Trends

• Popular rental projects like ATS Knightsbridge offer competitive rent prices. A 4 BHK flat might cost from ₹8.91 crores to ₹12.18 crores, though these prices are for purchase; rental rates differ but tend to be high due to the area's premium nature.

Issues

• The sector has low occupancy, which can lead to safety concerns at night.
• Unauthorized car repair shops cause traffic problems and waterlogging on nearby roads after rain.
• Traffic congestion is a major issue, especially during peak times near Amity Road, Mahamaya Flyover, and Kalindi Kunj Bridge.

PropertyWala's Last Words

Sector 124, Noida, stands out for buyers and renters seeking upscale living. The area offers excellent accessibility, strong infrastructure, and proximity to key amenities. Yet, investors and residents should be aware of the challenges such as traffic congestion and low occupancy rates.

For those who want to invest, the moderate year-over-year growth and impressive long-term increase in property prices make Sector 124 an appealing option. For the end user, the sector provides spacious, well-furnished apartments with top-notch amenities.

To wrap it up, Sector 124, Noida, offers an excellent blend of growth potential and quality living, making it a smart option for investors or those wishing to live there.