Sectors 137 and 143 on Noida
Expressway are contributing to the growth chapter of this area, as these sectors have seen the establishment of multinational companies and the development key residential projects in the past few years.
These two sectors have a bright future due to good connectivity with Delhi and Noida, development of schools, commercial hubs and hospitals nearby.
Developers like Logix Group, Paramount Group of Companies, Sikka Karnam, Supertech Ltd, etc, have established their presence here. While Sector 137 is halfway through in terms of construction, Sector 143 is still going through the labour pains.
For realtors, Sector 137 is a better choice as it has maximum demand due to proximity to Delhi. It has a good scope for appreciation and therefore, is a very good choice for investment purpose. Sector 137 is close to corporate and commercial districts and is a perfect option for the working class. In addition, there are many schools and hospitals in the vicinity. Its strategic location, being close to Sector 136 and 142, is a big advantage as these sectors are heading to be big IT hubs in the near future.
Ankit Jain of Nirman Associates says that the proposed Metro line promises a station on Sector 137 and 142 Cross Road. This sector is also seeing many projects and is definitely a fast-growing area. The capital values in Sector 137 range from Rs 3,500 to 3,800 per sq ft. According to MagicBricks site, the prices saw an increase of 9% in the October-December quarter, compared to the July-September quarter, last year.
Currently, the rates in Sector 143 are lesser, at Rs 3,000 to 3,200 per sq ft. This sector will be next to the forthcoming Metro station, facing the Faridabad-Noida-Ghaziabad (FNG) Expressway, and will have South Delhi on a 15-minute drive via the DND flyover and Sector 18. Noida will be a mere 10-minute drive from here.
Krishan Kant Sharma of Explo Infra Estates says that Sector 137 may have a brighter future, mainly because of its proximity to Delhi, but Sector 143 may supersede Sector 137 if extended corridors are made. Ajeet Singh of International Estate Market says that Sector 137 is a prime location as far as connectivity, builders and societies are concerned, and it is very close to the SEZ.
Realtors believe that between the two areas, Sector 137 has more advantages in terms of proximity to Delhi. Almost all the projects in Sector 137 have been sold out; Sector 143, however, appears to be a good option for investors.
MAGICBRICKS reports in Times Property dt. 28th, January, 2012
